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119 K St , Salt Lake City, UT 84103
$1,800,000
Est. Payment: $8,817.68/mo
10 Bed
15 Bath
8513 Sqft
Status: active | Days on site: 104
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VCR-C15903466 - VCR-C159091383,VCR-C159052275

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House 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.
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Highlights

Listed by Zach Droubay , 801-210-1461 and Harrison Littledike , 385-333-7841 Bybee & Co Realty, LLC , 801-210-1461. Wasatch Front Multiple Listing Service

Property Type

Multi-Family
Lot/Acreage
0.39

Year Built

1905

County

Salt Lake

Area

Salt Lake City: Avenues Area

 School District

Salt Lake

Listing ID

2141710

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Interior Features

Bedrooms and Bathrooms
  • ▪ Bedrooms:10
  • ▪ Bathrooms:15
  • ▪ Full Bathrooms:

Exterior Features

Lot:Road: Paved,Sidewalks,Terrain: Grad Slope,View: Mountain,View: Valley
Lot Dimensions:0.0x0.0x0.0
Garage Capacity:8
Zoning:SR-1A
Roof:Asphalt
Others:Blt./Standing
Sewer:Sewer: Connected
Parking Features:Covered
Principal Interest
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
$8,818
Taxes
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
$1,316

Home Price

$1,800,000

Home Price

Loan Details

30 yrs
6.198%

Interest Rate

Loan Type

Down Payment

20%
$360,000

Down Payment

Down Payment %

All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$8,817.68

Principal

Taxes

Principal Taxes HOA Total
Monthly $8,817.68 $1,316.00 $0.00 $10,133.68
Yearly $105,812.21 $15,792.00 $0.00 $121,604.21
Total $3,174,366.42 $473,760.00 $0.00 $3,648,126.42
Lender profile image
Preferred1765470255 Lender1765470255
My Title 1765470255
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Market insight data is pulled from the same city as the listing being viewed (Salt Lake City, UT).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Information deemed reliable but not guaranteed accurate. Buyer to verify all information.The multiple listing information is provided by Wasatch Front Regional Multiple Listing Service, Inc. from a copyrighted compilation of listings. The compilation of listings and each individual listing are © 2014 Wasatch Front Regional Multiple Listing Service, Inc., All Rights Reserved. The information provided is for consumers, personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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Data last updated: 2026-06-28T12:45:00.000Z

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