PROPERTY DETAILS
About This Property
This home for sale at 119 K ST Salt Lake City, UT 84103 has been listed at $2,100,000 and has been on the market for 1 day.
Full Description
Rare 15-unit acquisition opportunity in the highly sought-after Salt Lake City Avenues (687 E 2nd Ave & 119 N K St). This historic 1905 trophy asset offers massive, immediate upside. Three units are scheduled for vacancy in March 2026, allowing the new owner to capture top-of-market rents on Day 1 and force instant equity. Current average rents are significantly below market (Studios averaging $560/mo; 1-Bedrooms averaging $882/mo), providing a clear and proven path to aggressive revenue growth. -------------- The heavy lifting has already been completed with over $62,000 in recent CapEx, including a $32,000 driveway replacement, a $22,000 electrical upgrade, and an $8,000 new porch. Situated on a 0.39-acre corner lot with a 74 Walk Score, the property is perfectly positioned just 1.3 miles from Downtown SLC and 1.7 miles from the University of Utah, ensuring historically near-zero vacancy and a premium tenant base. Ideal value-add opportunity to command top-tier returns in one of SLCs highest-barrier-to-entry neighborhoods. Square footage figures are provided as a courtesy based on County records; buyer is advised to obtain an independent measurement and verify all information to their own satisfaction.
Property Highlights
- Three units are scheduled for vacancy in March 2026, allowing the new owner to capture top-of-market rents on Day 1 and force instant equity. .
- Rare 15-unit acquisition opportunity in the highly sought-after Salt Lake City Avenues (687 E 2nd Ave & 119 N K St). .
- This historic 1905 trophy asset offers massive, immediate upside. .
- Luxury property with premium finishes and exceptional attention to detail
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General Information
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Price
$2,100,000
-
Days on Market
1
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Area
Salt Lake City: Avenues Area
-
Total Bedrooms
10
-
Total Bathrooms
15
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House Size
8513 Sq Ft
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Address
119 K ST Salt Lake City, UT 84103
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Listed By
Bybee & Co Realty, LLC
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HOA
NO
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Lot Size
0.39
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Price/sqft
246.68
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Year Built
1905
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MLS
2141710
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Status
Active
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City
-
Term Of Sale
Cash,Conventional
Building and Construction
- Roof: Asphalt
- Exterior:
- Construction:
- Foundation Basement:
Garage and Parking
- Garage Type: No
- Garage Spaces: 0
- Carport: 1
Land Description
- Road: Paved
- Sidewalks
- Terrain: Grad Slope
- View: Mountain
- View: Valley
Price History
Mar 06, 2026
$2,100,000
Just Listed
$246.68/sqft
Mortgage Calculator
Estimated Monthly Payment
$0
Principal & Interest
$0
Property Tax (est)
$0
Home Insurance
$0
Loan Amount:
$0
Total Interest Paid:
$0
Total Amount Paid:
$0
Other Property Info
- Area: Salt Lake City: Avenues Area
- Zoning: Multi-Family
- State: UT
- County: Salt Lake
- This listing is courtesy of:: Zach Droubay Bybee & Co Realty, LLC.
801-210-1461.
Utilities
Natural Gas Connected
Electricity Connected
Sewer Connected
Water Connected
Based on information from UtahRealEstate.com as of 2026-03-06 19:37:30. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or the MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. IDX information is provided exclusively for consumers’ personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Housing Act and Utah Fair Housing Act, which Acts make it illegal to make or publish any advertisement that indicates any preference, limitation, or discrimination based on race, color, religion, sex, handicap, family status, or national origin.
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