this was salt lake city’s first neighborhood, established in the 1850s. it sits above salt lake city’s downtown area, giving you the feel of being above it all, while still in the middle of everything. homes are nestled on the sides of the foothills to the north of the city. residents tend to be politically progressive. homes have a well-tended, “artsy” feel. the avenues is the home of many professionals in salt lake who want a short commute to downtown, the university of utah or the capitol. that vibe meshes nicely with the older, victorian architecture of the homes you will find here. memory grove and city creek canyon are popular areas for hiking and outdoor recreation.
This sixplex multi-family property is located in Salt Lake’s highly desirable Avenues neighborhood, positioned on a prominent corner lot with convenient access to downtown, the University of Utah, area parks, dining, and the region’s extensive trail systems. The property is currently configured as six different conforming units within a single structure, consisting primarily of studio and one-bedroom layouts. The asset offers immediate income with continued demand driven by its exceptional location. The structure itself is in original condition and will require significant updating, presenting a clear opportunity for a future owner to renovate, reposition, or evaluate alternative long-term strategies for the site. Buyers are encouraged to conduct their own due diligence regarding potential improvements, redevelopment considerations, and any requirements associated with the property’s historic designation. Additional features include open off-street parking at the rear of the property, ample surrounding street parking, mature landscaping, and shared laundry and storage areas. This is a rare opportunity to acquire a well-located parcel in one of the City’s most consistently sought-after neighborhoods, offering both in-place income and the potential to reimagine the property over time.
