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Investment Properties for Sale in Magna, Utah
Magna sits on the west edge of the Salt Lake Valley, tucked against the Oquirrh Mountains and a short drive from Kennecott's Bingham Canyon Mine, Salt Lake International Airport, and the warehouse corridor along I-80. For investors, the appeal has always been simple math: entry prices here run noticeably below Salt Lake City, Murray, or South Jordan, while the rental pool stays deep thanks to mine workers, airport employees, and west-side trades crews. The housing stock is a mix of 1940s–60s bungalows in the older Pleasant Green grid, mid-century ramblers around 3500 South, and newer tract homes pushed up toward the Oquirrh foothills. That range gives investors options across the spectrum — light-cosmetic flips, buy-and-hold rentals, and the occasional larger lot with room for an ADU.
Magna became its own metro township in 2020, so zoning and rental rules now run through the township under Salt Lake County's broader framework. Short-term rentals are tightly limited in residential zones, meaning most rental plays here are long-term leases — which actually fits the tenant base, since west-side renters tend to stay multiple years. Property taxes track Salt Lake County rates, and insurance is reasonable compared to wildland-interface areas farther east. If you're underwriting deals, pay close attention to age-related systems (sewer laterals, panels, roofs) on the older inventory near Main Street. Browse the active investment listings below to see what's currently on the market in Magna.
May 2026 · Magna market
Live from the Utah MLS — what's actually happening in Magna right now.
Median sale
$452,500
32 closed in May 2026
Median DOM
8 days
listing → contract
Sale-to-list
100.6%
of final list price
Unsold inventory
128
active + pending
13 matching · page 1 of 1
Active listings
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Common questions
About investment properties in Magna.
What kind of rental returns do Magna investment properties typically generate? ▾
Single-family rentals in Magna often run in the $1,800–$2,400/month range depending on size and condition, with smaller older homes near 3500 South renting closer to the lower end. Because purchase prices have historically trailed Salt Lake City proper, cash-on-cash returns can pencil better here than in Sugar House or the Avenues. Always run numbers against current property tax and insurance quotes — Magna falls under Salt Lake County rates.
Is Magna landlord-friendly, and are there short-term rental restrictions? ▾
Magna became its own metro township in 2020, so it sets local land-use rules under Salt Lake County's framework. Short-term rentals (under 30 days) are heavily restricted in most residential zones, so most investors here run long-term leases. Check the specific parcel's zoning before assuming Airbnb is an option.
Which Magna neighborhoods do investors usually target? ▾
Older Pleasant Green and the historic downtown area near Main Street have the smallest entry prices and the most fixer opportunities. Newer subdivisions south of 3500 South and around Hunter attract buy-and-hold investors who want lower maintenance and tenants tied to Kennecott, the airport, and west-side warehouse jobs. The hills above Magna sometimes offer larger lots with ADU potential.
How does proximity to Kennecott and the airport affect tenant demand? ▾
Rio Tinto Kennecott's Bingham Canyon Mine is one of the largest employers on the west side, and Salt Lake International is a 15-minute drive. That creates steady demand from mine workers, airport staff, and trades crews working west valley industrial sites — a tenant base that tends to stay put longer than transient downtown renters.
Are duplexes and small multifamily properties available in Magna? ▾
Yes, though they're less common than single-family. You'll see scattered duplexes and the occasional fourplex, mostly in the older grid near 2700 South and Magna Main Street. When they come up they move quickly, so working with an agent who can flag new listings early is worth it.
What should I budget for renovations on an older Magna home? ▾
Much of Magna's housing stock dates to the 1940s–1970s, so expect to inspect for knob-and-tube wiring, galvanized supply lines, original sewer laterals to the main, and outdated panels. A cosmetic refresh runs $15–30K; a deeper systems update with roof, HVAC, and plumbing can easily push past $60K. Get bids before you close, not after.