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Investment Properties for Sale in Murray, Utah
Murray sits right in the middle of the Salt Lake Valley, which is exactly why it works as a rental market. Tenants want to be 15 minutes from downtown SLC, 20 from the airport, and a short drive to either Cottonwood canyon — Murray delivers all three, plus its own walkable core around State Street, Murray Park, and the Murray Central TRAX station. Investment inventory here skews toward 1950s–1970s ramblers (many with basement apartments that can be legalized as ADUs under Murray's accessory dwelling ordinance), small duplexes and fourplexes along the older east-side grid, and the occasional newer townhome near Fashion Place Mall. Single-family rental prices typically land in the $450K–$650K range, with small multi-family trading higher per door than comparable buildings in West Valley or Taylorsville because of the location premium.
The tenant pool is unusually steady. Intermountain Medical Center anchors the east side and pulls in nurses, residents, and traveling medical staff who want furnished mid-term options. TRAX riders commuting to the U of U or downtown fill the apartments closer to the station, and families renting single-family homes are usually drawn by Murray City School District, which operates independently from the larger Granite and Canyons districts. Cap rates are tighter than you'll see further west, but vacancy is also lower and appreciation has tracked the valley average. Browse the active investment listings below to see what's currently on the market in Murray.
May 2026 · Murray market
Live from the Utah MLS — what's actually happening in Murray right now.
Median sale
$495,250
42 closed in May 2026
Median DOM
10 days
listing → contract
Sale-to-list
99.1%
of final list price
Unsold inventory
149
active + pending
16 matching · page 1 of 1
Active listings
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Common questions
About investment properties in Murray.
What types of investment properties does Murray actually have? ▾
The inventory leans toward small multi-family (duplexes and a handful of triplexes) along State Street and the older grid east of I-15, plus single-family rentals near Murray Park, Fashion Place, and the Murray Central TRAX station. You'll also see basement-apartment houses (legal ADUs are increasingly common since Murray's accessory dwelling ordinance) and occasional small mixed-use buildings on State Street.
What kind of rents can a Murray rental realistically pull? ▾
As of recent comps, three-bedroom single-family rentals in Murray generally run roughly $2,200–$2,800/month, two-bedroom apartments around $1,400–$1,800, and basement ADUs $1,100–$1,500 depending on finish and parking. Proximity to TRAX, Intermountain Medical Center, and Fashion Place Mall tends to push rents toward the top of those ranges.
Is Murray landlord-friendly compared to Salt Lake City proper? ▾
Generally yes. Murray is its own municipality with its own rental licensing program (the Good Landlord Program offers a business license discount for participating owners), and code enforcement tends to be more predictable than in Salt Lake City. Utah state law overall favors landlords on eviction timelines and security deposits.
How do property taxes work on a non-owner-occupied home in Murray? ▾
Utah taxes primary residences at 55% of assessed value, but investment and rental properties are taxed at 100%, so your tax bill on a rental is roughly 1.8x what an owner-occupant would pay on the same house. Budget around 1.1%–1.3% of market value annually for a Murray rental, and re-check the assessor's notice each summer.
Are short-term rentals (Airbnb) allowed in Murray? ▾
Murray restricts short-term rentals fairly tightly — non-owner-occupied STRs under 30 days are generally not permitted in residential zones, and even owner-occupied arrangements require a business license. Most investors here run long-term (12-month) leases or mid-term furnished rentals for traveling medical staff at Intermountain.
What's driving rental demand in Murray right now? ▾
Three anchors: Intermountain Medical Center (one of the largest hospitals in the state, with constant nurse and resident demand), the TRAX Red and Blue lines connecting downtown SLC to Sandy and the U of U, and Fashion Place Mall's retail and restaurant employment base. Murray also sits roughly 15 minutes from the SLC airport and downtown, which keeps the tenant pool deep.