119 K ST, Salt Lake City, UT 84103
Salt Lake County
Key Facts
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.
Property Information
Property Type
Residential
Sub-Type
Multi Family
Year Built
1905
Living Area
8,513 sq ft
Lot Size
0.39 acres
Lot Dimensions
0.0x0.0x0.0
Parking Spaces
8
Zoning
Multi-Family
Days on Market
104
MLS® Listing#
2141710
Property Features
Cooling
Heating
Parking
Roof
Utilities
Schools
- Elementary:
- Wasatch
- Middle:
- Bryant
- High:
- West
Financial Details
HOA
None
Annual Taxes
$15,792
Parcel Number
09-32-353-023
Directions
There are two structures. The 119 K Street address is the northernmost building on the property.
Affordability Calculator
$360,000
Estimated monthly payment
$9,580/mo
Principal $1,440,000 · Est. interest $2,008,928 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Salt Lake City, UT
- $643,816
- Median Listing Price
- 66
- Median Days on Market
- 2,028
- Median Sq Ft
- $322
- Median Price / Sq Ft
- 3,139
- Active Listings
- This home’s price is 180% above the area median.
- Its price per sq ft is 34% below the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Salt Lake City, UT.
Location
Points of Interest in Salt Lake City, UT
Showing the Salt Lake City area map.
Nearby Schools
Bryant Middle School
Elementary · 0.3 mi away
The Other Side Academy
School · 0.4 mi away
Pinyon Montessori
Elementary · 0.5 mi away
The Open Classroom
Elementary · 0.5 mi away
City Academy
School · 0.6 mi away
Wasatch Elementary School
Elementary · 0.6 mi away
The Madeleine Choir School
Secondary · 0.8 mi away
Ensign Elementary School
Elementary · 0.8 mi away
Bennion Elementary School
Elementary · 0.9 mi away
Violin Making School of America
School · 0.9 mi away
University of Utah Math Majors
School · 1.1 mi away
Ukids - Presidents Circle
School · 1.2 mi away
Judge Memorial Catholic High School
Secondary · 1.3 mi away
Our Lady of Lourdes Catholic School
Secondary · 1.3 mi away
CCNS Preschool
School · 1.3 mi away
Community Cooperative Nursery School
School · 1.3 mi away
American Academy
School · 1.4 mi away
American Heritage School - Salt Lake Campus
School · 1.4 mi away
Tanner Humanities Center
School · 1.4 mi away
McGillis School
Secondary · 1.4 mi away
Commute Calculator
Nearby Homes
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Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 1261 E ALAMEDA AVE S, Salt Lake City, UT | $1,350,000 | 10 | 4 | 3,960 |
| 535 W 2530 N 41-46, Cedar City, UT | $1,415,000 | 16 | 9 | 7,104 |
| 535 W 2530 N 23-28, Cedar City, UT | $1,415,000 | 16 | 9 | 7,212 |
| 679 E 2ND AVE N, Salt Lake City, UT | $1,587,000 | 11 | 10 | 5,287 |
| 937 E 300 S, Salt Lake City, UT | $1,899,900 | 10 | 5 | 5,678 |
| 828 S 500 E, Salt Lake City, UT | $1,900,000 | 15 | 9 | 6,068 |
Moving Cost Estimate
EXIT Agents in Salt Lake City
Listing Courtesy: Bybee & Co Realty, LLC - 801-210-1461
Last Updated: 2026-03-06