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Investment Properties for Sale in Salt Lake City, Utah
Salt Lake City's investment market is mostly small multi-family buildings, older homes and condos held as long-term rentals. There are 206 Salt Lake City listings marketed to investors right now, with a median asking price of $714,000. Over the last 12 months, 398 sold at a median of $570,000.
Demand comes from the state capital's employers, the University of Utah and a population that reached an estimated 218,428 in 2025. Short-term rentals are licensed only in commercial and mixed-use zones, so plan on long-term tenants in residential areas. A short-term rental or second home is taxed on its full value; a long-term rental that is a tenant's primary home keeps the 45% exemption. See multi-family homes and the cost of living in Salt Lake City.
205 matching · page 4 of 9
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Utah MLS data · updated Nov 8, 2026
Salt Lake City investment properties by the numbers
Today's listings plus closed sales recorded in the MLS, each home counted once. Medians, not averages, so one outlier can't skew them.
- For sale now
- 206
- median ask $714,000
- Median sale, last 12 mo
- $570,000
- 398 sold · -4% vs prior year
- Price per sq ft
- $300
- median of closed sales · typical 2,102 sq ft
- HOA dues
- $321/mo
- median · 22% of listings have dues
Over the last 12 months, 398 investment properties sold in Salt Lake City, taking a median of 28 days to go under contract and closing at 98.7% of the final list price.
What's for sale
Today's 206 listings by type.
- Multi-family 86 (42%)
- Single-family homes 67 (33%)
- Condos 35 (17%)
- Townhomes 11 (5%)
- Lots & land 7 (3%)
By budget
How today's asking prices spread out.
- Under $400K 42
- $400K–$600K 27
- $600K–$800K 58
- $800K–$1.2M 40
- $1.2M and up 39
Investment properties by neighborhood
Closed sales over the last 24 months, plus what's listed today. Click a name for that neighborhood's page.
-
- Sold (24 mo)
- 13
- Median sale
- $345,000
- Typical size
- 1,602 sq ft
- Built
- 1956
- HOA / mo
- —
- For sale now
- 1 · $389,900
-
- Sold (24 mo)
- 10
- Median sale
- $810,000
- Typical size
- 2,552 sq ft
- Built
- 1923
- HOA / mo
- —
- For sale now
- 4 · $825,000–$1,950,000
-
- Sold (24 mo)
- 8
- Median sale
- $325,000
- Typical size
- 850 sq ft
- Built
- 1998
- HOA / mo
- $245
- For sale now
- 3 · $219,900–$350,000
-
- Sold (24 mo)
- 5
- Median sale
- $310,000
- Typical size
- 1,140 sq ft
- Built
- 1952
- HOA / mo
- —
- For sale now
- 1 · $3,150,000
-
- Sold (24 mo)
- 5
- Median sale
- $375,000
- Typical size
- 1,259 sq ft
- Built
- 2024
- HOA / mo
- $170
- For sale now
- 0
-
- Sold (24 mo)
- 5
- Median sale
- $160,000
- Typical size
- 605 sq ft
- Built
- 1972
- HOA / mo
- $337
- For sale now
- 0
-
- Sold (24 mo)
- 4
- Median sale
- —
- Typical size
- 1,460 sq ft
- Built
- 1954
- HOA / mo
- —
- For sale now
- 1 · $899,990
-
- Sold (24 mo)
- 4
- Median sale
- —
- Typical size
- 1,500 sq ft
- Built
- 1951
- HOA / mo
- —
- For sale now
- 1 · $630,000
-
- Sold (24 mo)
- 4
- Median sale
- —
- Typical size
- 3,580 sq ft
- Built
- 1963
- HOA / mo
- —
- For sale now
- 1 · $1,595,000
-
- Sold (24 mo)
- 4
- Median sale
- —
- Typical size
- 3,195 sq ft
- Built
- 1945
- HOA / mo
- —
- For sale now
- 1 · $740,000
-
- Sold (24 mo)
- 4
- Median sale
- —
- Typical size
- 1,772 sq ft
- Built
- 2024
- HOA / mo
- $245
- For sale now
- 0
-
Glendale Gardens Plat A
- Sold (24 mo)
- 4
- Median sale
- —
- Typical size
- 850 sq ft
- Built
- 1950
- HOA / mo
- —
- For sale now
- 0
-
- Sold (24 mo)
- 4
- Median sale
- —
- Typical size
- 3,210 sq ft
- Built
- 1945
- HOA / mo
- —
- For sale now
- 0
-
- Sold (24 mo)
- 4
- Median sale
- —
- Typical size
- 2,267 sq ft
- Built
- 1948
- HOA / mo
- —
- For sale now
- 0
-
- Sold (24 mo)
- 3
- Median sale
- —
- Typical size
- 1,025 sq ft
- Built
- 1954
- HOA / mo
- —
- For sale now
- 1 · $329,900
Median sale is shown only where at least 5 homes sold. HOA dues are the median monthly fee (yearly dues divided by 12) and can change, so confirm the amount and what it covers with the association. "Built" is the median year built.
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Common questions
About investment properties in Salt Lake City.
Is Salt Lake City a good place to buy rental property? ▾
It's Utah's capital and largest city, with steady rental demand from the University of Utah and downtown employers. Short-term rentals are limited to commercial and mixed-use zones, so most investors plan on long-term rentals.
How much are investment properties in Salt Lake City? ▾
Today's median asking price for listings marketed to investors is $714,000. They sold at a median of $570,000 over the last 12 months.
How are rental properties taxed in Utah? ▾
Utah's 45% residential exemption applies to a primary residence, including a long-term rental that is a tenant's primary home. A short-term rental or second home is taxed on its full value.