Active

404 E 5600

Murray, UT 84107

$9,500,000 $40,052/Mo

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Overview

Bed

Bath

38,374

Sqft

2.60

Acres(Lot)

Description

This newly renovated 39-unit multifamily property offers an exceptional buy-and-hold opportunity in the heart of Murray, Utah. Originally built in 1969, it has been tastefully upgraded in 2023, featuring modern interiors and community amenities. Residents enjoy a brand-new fitness center, resident lounge, fire pits, and a spacious BBQ courtyard for social gatherings. Each unit comes with an individual locked storage room, while assigned covered parking ensures convenience and security. The property spans 2.6 acres, providing ample green space for relaxation and recreation. With 79.49% occupancy, there's immediate room to increase rental income by leasing the remaining eight vacant units. Proximity to shopping, healthcare, and public transit boosts the property's long-term investment appeal . Priced at $9,500,000, this complex presents robust upside potential in one of Utah's most vibrant submarkets. Location Description (Murray, Utah) Nestled in the core of Salt Lake County, Murray is fondly referred to as the "Hub of Salt Lake County." Its central position provides residents with convenient access to major transportation routes, including I-15 and I-215, as well as TRAX light rail. Murray boasts a thriving economic landscape supported by various industries, making it an attractive area for both businesses and residents. Local amenities include diverse retail options, quality healthcare facilities such as Intermountain Medical Center, and abundant recreational opportunities at nearby parks and trails. Its blend of suburban comfort and urban access continues to draw steady rental demand and long-term property appreciation. Highlights Located in the Heart of Murray Easy Access to Public Transit Unique Building Conversion Perfect Buy & Hold Asset Renovated in 2023 Additional amenities include: Resident lounge Brand-new fitness center Fire Pits Large Grass Areas BBQ courtyard with seating Community laundry rooms Assigned resident parking spots with covered parking On-site professional management team Elevator access Individual large, locked storage room included with each unit Short distance to Trax, IMC, and shopping Luxury Plank Flooring Quartz countertops Moen chrome fixtures Stainless steel GE kitchen appliances Microwave Refrigerator 4 burner range electric stove Dishwasher Disposal Two-tone kitchen cabinetry Air conditioning in all units Panoramic views Open-concept floorplans Full-height backsplash Undermount stainless steel sinks

Property Details

Property Type : Residential

Price : $9,500,000

AD Id : 80005649

MLS Id : 2093496

Beds : 47

Lot Size : 2.60 Acres

Living Area Size : 38,374

Year Built : 1969

County : Salt Lake

Map

What's Nearby

Nearby Areas

Features

Bedroom Information

Total beds: 47

Bathroom Information

Total Baths: 48
Interior Features

Elevator Appliances: Dishwasher, Disposal, Oven, Range
Heating & Cooling

Has Heating: Yes Heating: Forced Air Cooling: None

Building Information

Year Built: 1969 Building Area Total: 38374 Frontage Length: 0.0 Private Pool: No

Lot Information

Lot Dimensions: 0.0x0.0x0.0 Main Square Feet: 2.6 Acres Lot Size Acres: 2.6 Lot Size Square Feet: 113256

Listing Price Information

Listing Price: $9500000 Original Price: $10500000

Tax Information

Parcel Number: 22-18-177-045 Annual Tax: $2873

Parking Information

Covered

School Information

Elementary School: None/Other

Junior High School: None/Other

Senior High School: None/Other
Utility Information

Electricity Connected, Sewer Connected, Water Connected
Location Information

Security Features: Fire Alarm

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Based on information from the Wasatch Front Regional Multiple Listing Service, Inc. as of 06/04/2026 @ 06:37. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or the MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

ByOwner last updated this listing 06/04/2026 @ 06:37

MLS: 2093496 LISTED BY: Joseph Mills, Investment Realty Advisors LLC 435-485-7070 SOURCE: UtahRealEstate (Wasatch Front)