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Investment Properties for Sale in Midvale, Utah
Midvale sits right in the middle of Salt Lake County, which is exactly why it keeps showing up on investor shortlists. You're 15 minutes from downtown Salt Lake City, 20 minutes from Lehi's tech corridor, and a short walk to TRAX stations on both the Red and Blue lines — meaning a rental here draws tenants working at Adobe, the Jordan Valley Medical Center, or the new Bingham Junction office campuses. Entry prices still run well below Sugar House or Holladay, with older ramblers and bungalows in Old Midvale frequently trading in the $400Ks while newer townhomes near Bingham Junction sit in the $450K–$550K band. That spread is what makes the city work for both house-hackers buying their first duplex and seasoned landlords adding doors to an existing Wasatch Front portfolio.
The investment stock here splits into a few clear buckets: small multifamily (mostly duplexes and a handful of triplexes), single-family homes with legal or non-conforming basement apartments, and newer attached product near 7200 South and the Jordan River. Cash flow is generally tighter than it was pre-2021, but rent growth has held up because Midvale's rental demand is structural — transit access, hospital employment, and quick freeway connections aren't going away. Value-add opportunities still exist on tired 1960s homes with oversized lots that may pencil for an ADU under Utah's recent state-level ADU rules. Browse the active listings below to see what's currently on the market in Midvale.
May 2026 · Midvale market
Live from the Utah MLS — what's actually happening in Midvale right now.
Median sale
$474,900
47 closed in May 2026
Median DOM
26 days
listing → contract
Sale-to-list
99.7%
of final list price
Unsold inventory
125
active + pending
21 matching · page 1 of 1
Active listings
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Common questions
About investment properties in Midvale.
What kinds of investment properties typically come up in Midvale? ▾
The Midvale market is dominated by 1950s–1970s ramblers and bungalows in Old Midvale, plus a growing supply of townhomes and small multifamily near Bingham Junction and the Jordan River corridor. Duplexes and homes with mother-in-law setups or basement apartments are the most common cash-flow plays. True 5+ unit buildings are rare and usually trade off-market.
Why do investors target Midvale specifically over other Salt Lake County cities? ▾
Price-per-door is still meaningfully lower than Sugar House, Holladay, or Draper, while tenant demand is strong thanks to TRAX Red and Blue line access, Bingham Junction tech employers, and a quick I-15 shot to downtown SLC or Lehi's Silicon Slopes. Older Midvale lots also tend to allow ADUs or already have non-conforming basement units that grandfather in.
What rents can I expect in Midvale right now? ▾
Single-family rentals in the 3-bed range generally pull $2,000–$2,500/month, basement apartments run $1,100–$1,500, and newer Bingham Junction townhomes lease in the $2,200–$2,700 range. Vacancy stays tight because of proximity to TRAX and the Jordan Valley Medical Center workforce.
Are short-term rentals (Airbnb) legal in Midvale? ▾
Midvale restricts non-owner-occupied short-term rentals in residential zones, so pure STR investing is difficult. Owner-occupied arrangements (renting a basement or ADU while you live upstairs) are the more realistic path. Always verify current city code with Midvale Community Development before underwriting an STR deal.
Which neighborhoods inside Midvale cash flow best? ▾
Old Midvale west of State Street has the lowest entry prices and the most homes with existing basement units, which is where house-hackers and small-multifamily buyers concentrate. East Midvale near Union Park trades at a premium but appreciates more steadily and attracts longer-term tenants tied to the hospital and tech corridor.
How competitive is the investor market here? ▾
Well-priced duplexes and homes with legal basement apartments typically see multiple offers within a week, often from local investors and 1031 buyers. Tired ramblers needing cosmetic work are where most of the value-add opportunity sits. Browse the active listings below to see what's currently on the market.