119 K St, Salt Lake City, Utah 84103

$1,490,000

Overview

Property ID: HZ2141710

Residential
Property Type

10
Bedrooms

15
Bathrooms

8513 Sqft
Area Size

Description

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.

Address

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Address: 119 K St, Salt Lake City, Utah 84103
City: Salt Lake City
State/county: UT
Zip/Postal Code: 84103
Country: US

Details

Updated on October 8, 2026 at 10:40 pm

Property ID HZ2141710
Price $1,490,000
Property Size 8513 Sqft
Land Area 0.39 Acres
Bedrooms 10
Bathrooms 15
Year Built 1905
Property Type Residential
Property Status Pending

Additional details

Listing Terms Cash, Conventional
Roof Asphalt
Utilities Natural Gas Connected, Electricity Connected, Sewer Connected, Water Connected
Sewer Sewer: Connected
County Salt Lake
Property Type Residential
Parking Covered, Detached
Elementary School Wasatch
Middle School Bryant
High School West