Well located 20-unit apartment community along Highland Drive in Holladay, one of Salt Lake County's most established and desirable residential submarkets. The property has benefited from recent capital improvements, with 13 of the 20 units renovated, providing immediate upside and strong tenant appeal. Holladay is known for its high household incomes, strong rental demand, and limited multifamily supply. The property offers excellent access to I-215, I-80, Downtown Salt Lake City, the University of Utah, Sugar House, and major employment centers, while being surrounded by mature neighborhoods, retail, dining, and everyday services. Renovated units feature updated interiors that attract long-term tenants, while the remaining units offer a clear path for continued renovations and future rent growth. The property's visibility along Highland Drive, combined with the strength of the Holladay market, supports durable cash flow and long-term appreciation. A compelling opportunity for investors seeking a core-plus / value-add multifamily asset in a high-barrier, supply-constrained Salt Lake County location.
Property Features
Bedrooms
Bathrooms
- Total Bathrooms: 32
- Partial Bathrooms: 0
- Full Bathrooms: 32
Heating and Cooling
- Heating Features: Gas: Central
- Heating: Yes
Exterior and Lot Features
Land Info
- Lot Size Acres: 1.06
- Lot Size Dimensions: 0.0x0.0x0.0
- Lot Size Square Feet: 46174
Garage and Parking
- Parking Features: Covered, Parking: Uncovered
Homeowners Association
- Association: No
- Calculated Total Monthly Association Fees: 0
- Senior Community: No
School Information
- Elementary School: Crestview
- Elementary School District: Granite
- High School: Olympus
- High School District: Granite
- Middle School: Wasatch
- Middle or Junior School District: Granite
Multi-Unit Info
Rental Info
Other Property Info
- Annual Tax Amount: 21859
- Source Listing Status: Active
- County: Salt Lake
- Cross Street: 1700
- Current Use: Residential
- Disclaimer: Information not guaranteed. Buyer to verify all information.
- Source Property Type: Residential
- Area: Holladay; Millcreek
- Source Neighborhood: Holladay; Millcreek
- Parcel Number: 22-04-201-032
- Postal City: Holladay
- Zoning Description: RM
- Property Subtype: > 4 Units
Building and Construction
- Total Square Feet Living: 17754
- Year Built: 2000
- Building Area Total: 17754
- Living Area Units: Square Feet
- Property Age: 26
- Property Attached: No
- Property Condition: Blt./Standing
- Roof: Asphalt
- Levels or Stories: 0
- Architectural Style: Stories: 2
Utilities
- Sewer: Sewer: Connected
- Natural Gas Connected
- Electricity Connected
- Sewer Connected
- Water Connected