3910 S 1040 E, Millcreek, UT 84124

Millcreek
Local realty services provided by:ERA Brokers Consolidated
3910 S 1040 E,Millcreek, UT 84124
$2,100,000
  • 16 Beds
  • 8 Baths
  • 7,376 sq. ft.
  • Multi-family
  • Active
Listed by: evan clark
Office: marcus & millichap real estate investment services of atlanta, inc
MLS#:2151403
Source:SL

Price summary

  • Price:$2,100,000
  • Price per sq. ft.:$284.71

About this home

Marcus & Millichap is pleased to present this exclusive listing of a core+ multifamily asset in Salt Lake City's Millcreek corridor, one of the region's most resilient rental submarkets. The property is being offered individually as part of a two-property, 16-unit portfolio, with the seller preferring a package sale but willing to consider individual offers. The investment thesis is straightforward: in-place cash flow paired with clearly defined upside through natural tenant turnover and ancillary income strategies. In-place rents reflect a tenured resident base, with an average tenancy of approximately two and a half years, signaling stability while presenting a mark-to-market opportunity as units turn. The asset benefits from strong demographic tailwinds driven by Utah's sustained population growth and a widening mortgage-to-rent affordability gap that continues to push would-be buyers into the rental market. Square footage figures are provided as a courtesy estimate only. Buyer...

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Home facts

  • Year built:1968
  • Listing ID #:2151403
  • Added:13 day(s) ago
  • Updated:May 01, 2026 at 11:14 AM

Rooms and interior

  • Bedrooms:16
  • Total bathrooms:8
  • Living area:7,376 sq. ft.

Structure and exterior

  • Year built:1968
  • Building area:7,376 sq. ft.
  • Lot area:0.28 Acres

Schools

  • High school:Cottonwood
  • Middle school:Bonneville
  • Elementary school:James E. Moss

Finances and disclosures

  • Price:$2,100,000
  • Price per sq. ft.:$284.71
  • Tax amount:$12,803

Parking

  • Total parking spaces:12
  • Carport spaces:8

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