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Multi-Family Homes for Sale in Millcreek, Utah
Millcreek sits in one of the most practical pockets of the Salt Lake Valley for small multi-family ownership. The city runs roughly from 2700 South to 4500 South, bordered by I-215 on the east and State Street on the west, which puts duplexes and fourplexes within ten minutes of downtown Salt Lake, the U of U medical center, and the mouths of Big and Little Cottonwood canyons. That mix of jobs, transit, and recreation keeps rental demand steady year-round, and the tenant pool ranges from hospital staff and grad students to ski-season professionals who want a short drive to the resorts.
Most of the multi-family stock here is older — brick duplexes from the 1950s and 60s, a handful of 1970s fourplexes, and newer infill near the State Street redevelopment corridor. Pricing per unit generally runs below Sugar House but above South Salt Lake, and Millcreek's own zoning updates since cityhood in 2016 have made it friendlier to small-scale density along main corridors. Buyers using FHA or VA financing to house-hack a duplex find Millcreek especially workable because owner-occupant 2-4 unit loans pencil out against local rents. Cap rates aren't headline-grabbing, but appreciation has been steady and vacancy is consistently low. Inventory tends to be limited, so listings move quickly when condition and location line up. Browse the active multi-family listings below to see what's currently on the market in Millcreek.
May 2026 · Millcreek market
Live from the Utah MLS — what's actually happening in Millcreek right now.
Median sale
$625,000
34 closed in May 2026
Median DOM
10 days
listing → contract
Sale-to-list
100.0%
of final list price
Unsold inventory
137
active + pending
10 matching · page 1 of 1
Active listings
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Common questions
About multi-family homes in Millcreek.
What counts as a multi-family property in Millcreek? ▾
On the Salt Lake MLS, multi-family typically means duplexes, triplexes, and fourplexes on a single parcel with separate units. Larger apartment buildings (5+ units) trade as commercial. In Millcreek you'll mostly see duplexes and the occasional fourplex, often older brick buildings from the 1950s-70s near 3300 South or 3900 South.
Is Millcreek zoned for multi-family construction? ▾
Millcreek became its own city in 2016 and has been updating its zoning, especially along the State Street and 3300 South corridors where it's encouraging mixed-use and higher density. Most existing duplexes and fourplexes sit in legacy multi-family or transitional zones. New ground-up small multi-family is limited, so most inventory is resale.
What rents can owners expect from a Millcreek duplex? ▾
Two-bedroom units in Millcreek generally rent in the $1,500-$1,900 range depending on condition, parking, and proximity to I-215 and Brickyard. One-bedroom basement units run lower. Location near Olympus High, Wasatch Boulevard, or the canyon trailheads tends to command the top of the range.
Can I use an FHA loan to buy a duplex or fourplex here? ▾
Yes. FHA allows owner-occupants to buy 2-4 unit properties with 3.5% down as long as you live in one unit for at least a year. VA loans work similarly for eligible buyers. This is one of the more common ways first-time investors get into Millcreek multi-family.
How does Millcreek compare to Sugar House or South Salt Lake for small multi-family? ▾
Millcreek prices per unit usually land between Sugar House (higher, trendier) and South Salt Lake (lower, more industrial). Tenant demand is strong because of the location between downtown SLC and Cottonwood Heights, easy I-215 access, and the draw of nearby Big and Little Cottonwood canyons.
Are there many multi-family listings active at any given time? ▾
Inventory is thin. Millcreek is a small footprint and most owners hold long-term, so it's common to see only a handful of duplexes or fourplexes active on the MLS at once. Setting up a saved search and moving quickly on new listings matters here.