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Multi-Family Homes for Sale in Park City, Utah
Multi-family inventory in Park City is genuinely scarce. The town built itself around single-family homes, ski condos, and townhome projects, so duplexes, triplexes, and small fourplex buildings on one deed make up a tiny slice of what trades hands each year. When they do come up, they tend to cluster in Old Town along the historic Park Avenue and Woodside corridors, in Prospector near Kearns Boulevard, and occasionally in the Snyderville Basin neighborhoods of Pinebrook, Jeremy Ranch, and Silver Springs. Each pocket comes with its own zoning rules, and those rules matter more than the building itself — Park City's nightly rental overlays can swing a property's income potential by hundreds of thousands of dollars a year.
Buyers chasing multi-family here usually fall into two camps: investors underwriting short-term rental income against Park City Mountain Resort and Deer Valley's two-season demand, and locals looking to live in one unit while renting the others to offset Summit County's median home price of roughly $1.8M. Both strategies work, but they require different due diligence. Verify the parcel's zoning with Park City or Summit County, confirm any HOA rental caps, check Historic District design review constraints if the building predates 1960, and run the numbers with realistic occupancy — winter and summer are strong, but April and October are quiet. Browse the active multi-family listings below to see what's currently available and where the rental rights line up.
May 2026 · Park City market
Live from the Utah MLS — what's actually happening in Park City right now.
Median sale
$1,950,000
56 closed in May 2026
Median DOM
23 days
listing → contract
Sale-to-list
96.6%
of final list price
Unsold inventory
852
active + pending
3 matching · page 1 of 1
Active listings
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Common questions
About multi-family homes in Park City.
What counts as a multi-family property in Park City? ▾
On the Park City MLS, multi-family typically means duplexes, triplexes, fourplexes, and small apartment buildings on a single deed. Condos and townhomes are listed separately under their own categories, even though they share walls. If you're after a true income property with multiple rentable units under one ownership, multi-family is the right search.
Can I short-term rent a multi-family unit in Park City? ▾
It depends on the zoning and the HOA, if any. Areas inside the Park City limits — particularly Old Town, Prospector, and parts of Deer Valley — allow nightly rentals in certain zones, while most Snyderville Basin neighborhoods in unincorporated Summit County restrict rentals to 30 days or longer. Always verify the specific parcel's zoning with Park City Planning or Summit County before underwriting Airbnb income.
Are multi-family listings common in Park City? ▾
No, inventory is thin. Park City is dominated by single-family homes, condos, and townhomes, so true duplex-and-up listings often number in the single digits at any given time. When one hits the MLS in a rental-friendly zone, it tends to move quickly.
What price range should I expect? ▾
Park City multi-family pricing usually starts around $1.5M for a modest duplex in Prospector or near Kearns Boulevard and runs well above $3M for larger buildings in Old Town with nightly rental rights. Lot location, view corridors, and short-term rental eligibility drive most of the price variance.
Do multi-family properties cash flow here? ▾
With nightly rental rights and a strong winter and summer season, gross revenue can be substantial, but high purchase prices, transient room taxes, HOA-adjacent fees, and snow removal costs eat into margins. Long-term rentals to local workforce tenants cash flow more predictably but at much lower rents. Most buyers run both scenarios before making an offer.
What neighborhoods should I focus on? ▾
Old Town has the most historic duplexes and the broadest nightly rental allowances. Prospector and the Park Avenue corridor offer newer small multi-family stock closer to the resort base. For long-term rental plays, look at Jeremy Ranch, Pinebrook, and Silver Springs in the Basin, where workforce demand is steady year-round.