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Investment Properties for Sale in North Salt Lake, Utah
North Salt Lake sits at the south end of Davis County, ten minutes from downtown Salt Lake and fifteen from the SLC airport, which is a big part of why it works for rental investors. The city has steady demand from healthcare workers commuting to the U of U medical campus, Hill Air Force Base personnel pushing south, and young families priced out of the Avenues and Sugar House. Most rental product falls into three buckets: older single-family homes in the flats near Eaglewood Golf Course, newer townhomes along Foxboro and Parkway Drive, and walk-out basement units in the foothill neighborhoods above Eaglewood Drive that landlords run as separate rentals. Long-term rents on a 3-bed single-family currently run roughly $2,200–$2,800, with basement apartments typically pulling $1,100–$1,500.
Zoning matters here more than in some Utah cities. North Salt Lake allows internal accessory dwelling units in most residential zones but has tightened short-term rental rules, so Airbnb-style plays are limited compared to Park City or St. George. The Foxboro area has the highest concentration of newer construction and tends to be the easiest entry point for first-time landlords because HOAs handle exterior maintenance. Hillside homes carry better appreciation history but come with steeper lots, retaining walls, and occasional landslide-overlay disclosures worth reading carefully. Browse the active listings below to see what's currently on the market, and reach out if you want rent comps or cap-rate estimates on a specific address.
May 2026 · North Salt Lake market
Live from the Utah MLS — what's actually happening in North Salt Lake right now.
Median sale
$559,000
23 closed in May 2026
Median DOM
12 days
listing → contract
Sale-to-list
99.6%
of final list price
Unsold inventory
82
active + pending
10 matching · page 1 of 1
Active listings
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Common questions
About investment properties in North Salt Lake.
What kind of cap rates are realistic in North Salt Lake right now? ▾
Most single-family rentals in North Salt Lake pencil out between 4.5% and 5.5% on a straight long-term lease, with Foxboro townhomes typically on the lower end and older homes with finished basement units on the higher end. Properties with a legal second unit (main floor plus basement apartment) are where investors usually find the strongest cash flow.
Are basement apartments legal to rent separately? ▾
North Salt Lake allows internal accessory dwelling units in most residential zones, but the unit has to be registered with the city and meet egress, parking, and owner-occupancy requirements in some cases. Always verify the specific property's ADU status before underwriting it as two rental incomes — unpermitted basement rentals are common and create financing and insurance headaches.
Can I run a short-term rental in North Salt Lake? ▾
Short-term rentals (under 30 days) are heavily restricted in North Salt Lake and generally require owner occupancy plus a city license. If your strategy depends on Airbnb or VRBO income, this isn't the right city — Midway, Park City, and parts of Washington County are friendlier to that model.
Which neighborhoods rent the fastest? ▾
Foxboro and the newer Parkway Drive corridor lease quickly because tenants want newer finishes, attached garages, and easy I-15 access. Eaglewood-area homes with mountain views and bigger lots draw longer-term family renters who tend to stay three-plus years.
What's the property tax situation for non-owner-occupied homes? ▾
Utah taxes non-primary-residence properties at the full assessed rate rather than the 55% primary-residence exemption, so investment properties effectively pay close to double the property tax of an owner-occupied home next door. Build that into your numbers — it's the line item most out-of-state buyers underestimate.
How's the rental vacancy rate in this part of Davis County? ▾
Vacancy across southern Davis County has held under 5% for several years, and well-priced North Salt Lake rentals typically lease within two to three weeks. Proximity to downtown jobs and the airport keeps demand steady even when the for-sale market slows.