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Multi-Family Homes for Sale in Holladay, Utah
Holladay sits in the southeast corner of the Salt Lake Valley, tucked between Cottonwood Heights, Millcreek, and Murray, with Mount Olympus rising right out the back door. It's an older, leafy bedroom community — incorporated in 1999 but settled since the 1840s — and that history shows up in the housing stock. Most of Holladay is single-family detached, but pockets of duplexes, triplexes, and small fourplexes exist along the older corridors near Highland Drive, 2300 East, and the edges where Holladay meets Millcreek. These small multi-family properties are uncommon enough that they tend to move quickly when priced right, especially given how close the city sits to Big and Little Cottonwood Canyon ski access (15-20 minutes to the resort base) and downtown Salt Lake (a 20-minute commute via I-215).
Buyers shopping multi-family product in Holladay generally fall into two camps: house-hackers planning to occupy one unit and rent the others under an FHA or conventional owner-occupied loan, and long-term investors who like the rental demand created by nearby employers (Intermountain Medical Center, the University of Utah, and the tech corridor in Cottonwood Heights). Rents have held up well, and Holladay's school boundaries — Olympus High, Skyline High, and Cottonwood — help keep tenant turnover low. Zoning here is conservative, so new multi-family construction is rare, and most listings are existing 1950s-1970s buildings that reward buyers willing to update kitchens and systems. Browse the active listings below to see what's currently on the market.
May 2026 · Holladay market
Live from the Utah MLS — what's actually happening in Holladay right now.
Median sale
$872,250
28 closed in May 2026
Median DOM
6 days
listing → contract
Sale-to-list
97.8%
of final list price
Unsold inventory
132
active + pending
3 matching · page 1 of 1
Active listings
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Common questions
About multi-family homes in Holladay.
What counts as a multi-family home in Holladay? ▾
On the Holladay MLS, multi-family typically means duplexes, triplexes, fourplexes, and small apartment buildings on a single parcel. Anything five units or larger usually trades as commercial. A few homes in older parts of Holladay also have legal accessory dwelling units (ADUs) or mother-in-law basements, but those are listed as single-family with a rental unit, not true multi-family.
How common are multi-family listings in Holladay? ▾
Inventory is thin. Holladay is roughly 85% single-family detached, and the city has historically protected its residential character through zoning. Most multi-family product is concentrated near Highland Drive, 2300 East, and along the Murray/Millcreek borders. It's normal to see only a handful of duplexes or small plexes on the market at any given time.
What do duplexes and small plexes typically sell for here? ▾
Pricing varies widely with condition and unit count, but duplexes in Holladay generally trade in the $700K to $1.2M range, with well-located fourplexes pushing higher. Land value drives a lot of the price — lots near Holladay Village or close to Cottonwood Heights command premiums because of redevelopment potential.
Can I house-hack a duplex with an owner-occupied loan? ▾
Yes. FHA allows up to a fourplex with 3.5% down if you live in one unit for at least a year, and conventional owner-occupied financing works on 2-4 units as well. VA loans also permit multi-unit purchases for eligible buyers. Lenders will usually count 75% of projected rent from the other units toward your qualifying income.
What are typical rents for units in Holladay? ▾
Two-bedroom units in Holladay generally rent for $1,700 to $2,200, with three-bedrooms reaching $2,400 to $3,000 depending on updates and yard access. Proximity to Cottonwood Mall redevelopment, Olympus High boundaries, and the canyon trailheads tends to push rents toward the upper end.
Are there zoning restrictions I should know about before buying? ▾
Holladay City has been tightening short-term rental rules and is selective about new multi-family approvals. If you're buying an existing legal duplex or plex, it's grandfathered, but converting a single-family home into multiple units is rarely approved. Always verify the legal unit count with the city before writing an offer — assessor records and actual entitlements don't always match.