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141 E 1st Ave, Salt Lake City, UT 84103

$6,550,000
: 30
BD
: 32
BA
: 30,838
SqFt

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List Price: $6,550,000
Status: ACTIVE
MLS#: 2136339
Price Change: ▼ $150,000 1776216036
Year Built: 1930
Sq. Ft.: 30,838
Property Type: > 4 Units
Bedrooms: 30
Bathrooms: 32
County: Salt Lake
City: Salt Lake City
Region: Salt Lake City: Avenues Area

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Property Description

Located in the heart of downtown Salt Lake City's Avenues neighborhood, Castle Heights Apartments is one of the cities most iconic multifamily buildings. 32-units just steps from Temple Square, City Creek, dining, employment, and public transit. The property includes 27 one-bedroom units, 4 studios, and 1 two-bedroom. Some interior cosmetic upgrades were completed in 2021, including new cabinets, countertops, and stainless steel appliance, but more work remains. Offered at UNDER $210,000 per unit, this is a compelling value-add opportunity in a premier, walkable downtown location with strong long-term upside.

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Additional Information

Taxes: $30,739
Acres: 0.38
Elementary School: Wasatch
Middle School: Bryant
High School: West
Heating: Gas: Radiant