119 K St
Salt Lake City, UT 84103
10
Bed
15
Bath
8,513Sqft
0.39Acre(Lot)
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 mile
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
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Bedroom Information
Total beds: 10Bathroom Information
Total Baths: 15 -
Roofing Information
Asphalt -
Interior Features
Roof: Asphalt -
Heating & Cooling
Heating: None Cooling: None
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Building Information
Year Built: 1905 Building Area Total: 8513 Frontage Length: 0.0 Private Pool: No View: Mountain(s), Valley
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Lot Information
Lot Dimensions: 0.0x0.0x0.0 Main Square Feet: 0.39 Acres Lot Size Acres: 0.39 Lot Size Square Feet: 16988.4
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Listing Price Information
Listing Price: $1930000 Original Price: $2100000 Cash, Conventional
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Tax Information
Parcel Number: 09-32-353-023 Annual Tax: $15792
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Parking Information
Parking Total: 8 Covered
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School Information
Elementary School: WasatchJunior High School: BryantSenior High School: West -
Utility Information
Natural Gas Available, Natural Gas Connected, Electricity Connected, Sewer Connected, Water Connected -
Location Information
Direction: There are two structures. The 119 K Street address is the northernmost building on the property.
How much is this property worth?
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 201 N I St, Salt Lake City, UT, 84103 | $1,249,000 | 6 | 5 | 4,272 | 4,272 SqFt |
| 120 G St, Salt Lake City, UT, 84103 | $4,450,000 | 27 | 15 | 13,077 | 13,077 SqFt |
| 135 B St, Salt Lake City, UT, 84103 | $865,000 | 3 | 4 | 3,000 | 3,000 SqFt |
| 107 E B St, Salt Lake City, UT, 84103 | $7,495,000 | 45 | 28 | 21,548 | 21,548 SqFt |
| 227 N Spencer Ct, Salt Lake City, UT, 84103 | $3,599,999 | 30 | 22 | 13,866 | 13,866 SqFt |
| 146 E 2nd Ave Ave, Salt Lake City, UT, 84103 | $4,345,000 | 28 | 21 | 14,850 | 14,850 SqFt |
| 141 E 1st Ave, Salt Lake City, UT, 84103 | $6,550,000 | 30 | 32 | 30,838 | 30,838 SqFt |
| 537 N Darwin St, Salt Lake City, UT, 84103 | $825,000 | 4 | 4 | 2,442 | 2,442 SqFt |
| 475 N Wall St, Salt Lake City, UT, 84103 | $1,900,000 | 16 | 8 | 7,000 | 7,000 SqFt |
| 679 E 2nd Ave, Salt Lake City, UT, 84103 | $1,587,000 | 11 | 10 | 5,287 | 5,287 SqFt |
Similar Multifamily To 119 K St
Nearby For Sale
Based on information from the Wasatch Front Regional Multiple Listing Service, Inc. as of 06/17/2026 @ 01:35. 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 06/17/2026 @ 01:35
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