119 K St, Salt Lake City, UT 84103

Salt Lake City
Local realty services provided by:ERA Realty Center
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...

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Home facts

  • Year built:1905
  • Listing ID #:2141710
  • Added:55 day(s) ago
  • Updated:May 01, 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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