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Multi-Family Homes for Sale in Murray, Utah
Murray sits dead center in the Salt Lake Valley, which is exactly why multi-family properties here tend to move quickly. Duplexes, triplexes, and small fourplexes are scattered through the older grid east of State Street and around Murray Park, with a heavier concentration in the Vine Street and Murray Central neighborhoods where lots were platted big enough to accommodate side-by-side or stacked units. The city's zoning has historically been friendlier to small multi-family than many of its neighbors, so investors who've been priced out of Sugar House or hunting in Millcreek often end up looking here. Proximity to I-15, I-215, and the TRAX Red and Blue lines (Murray Central Station is a regional hub) keeps rental demand steady from Intermountain Medical Center employees, students commuting to the U, and tenants who want valley-central access without Salt Lake City rents.
Pricing on Murray duplexes generally runs from the high $500s for older side-by-side units needing work up past $1M for newer or fully renovated triplex and fourplex buildings. Cap rates tend to be tighter than what you'd see in Ogden or Provo, but vacancy is consistently low and long-term appreciation in this part of the valley has been strong. Owner-occupants using FHA or VA financing to house-hack a duplex are competing with seasoned local investors, so being pre-approved and ready to move matters. Browse the active multi-family 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
2 matching · page 1 of 1
Active listings
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Common questions
About multi-family homes in Murray.
What types of multi-family properties are most common in Murray? ▾
Duplexes are by far the most common, followed by triplexes and small fourplexes. True apartment buildings (5+ units) trade as commercial property and show up less often on the residential MLS. Most stock was built between the 1950s and 1980s, though there are some newer infill builds near Murray Central.
Can I use an FHA or VA loan to buy a duplex in Murray? ▾
Yes, both FHA and VA loans allow purchases of 2-4 unit properties as long as you occupy one unit as your primary residence for at least 12 months. This is a popular path for first-time buyers in Murray because the rent from the other unit(s) helps cover the mortgage. VA loans even allow zero down on a fourplex if you qualify.
What are typical rents for a Murray duplex unit? ▾
As of recent comps, a 2-bed/1-bath side of a Murray duplex generally rents between $1,400 and $1,800 depending on condition, parking, and whether utilities are separated. 3-bedroom units with garages can push past $2,000. Proximity to TRAX and IMC tends to add a premium.
Are utilities usually separately metered? ▾
It varies. Newer or recently renovated buildings typically have separate gas and electric meters, but many older Murray duplexes share a single water meter and sometimes share gas. Always check the meter situation during due diligence — it directly affects your net operating income and how you structure the lease.
How competitive is the Murray multi-family market right now? ▾
Well-priced duplexes in livable condition often see multiple offers within the first week, especially anything under $700K that works for owner-occupants. Distressed or value-add properties sit a bit longer because the renovation math has gotten tighter with current rates. Having financing fully lined up before you tour is essential.
Does Murray have rental licensing or inspection requirements? ▾
Murray City requires a business license for rental properties and participates in a Good Landlord program that can reduce the license fee for owners who follow tenant screening and training requirements. New owners should contact Murray City Business Licensing shortly after closing to get registered before placing tenants.