119 K St, Salt Lake City, UT 84103
Local realty services provided by:CENTURY 21 High Desert
119 K St,Salt Lake City, UT 84103
$1,950,000
- 10 Beds
- 15 Baths
- 8,513 sq. ft.
- Multi-family
- Active
Listed by: zach droubay, harrison littledike
Office: bybee & co realty, llc.
MLS#:2141710
Source:SL
Price summary
- Price:$1,950,000
- Price per sq. ft.:$229.06
About this home
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 SLC's 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....
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Home facts
- Year built:1905
- Listing ID #:2141710
- Added:49 day(s) ago
- Updated:April 25, 2026 at 11:03 AM
Rooms and interior
- Bedrooms:10
- Total bathrooms:15
- Living area:8,513 sq. ft.
Structure and exterior
- Roof:Asphalt
- Year built:1905
- Building area:8,513 sq. ft.
- Lot area:0.39 Acres
- Lot Features:Road: Paved, Sidewalks, Terrain: Grad Slope
Schools
- High school:West
- Middle school:Bryant
- Elementary school:Wasatch
Utilities
- Water:Water Connected
- Sewer:Sewer Connected, Sewer: Connected
Finances and disclosures
- Price:$1,950,000
- Price per sq. ft.:$229.06
- Tax amount:$15,792
Parking
- Total parking spaces:8
- Parking description:Covered
- Carport spaces:8
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