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259 S MONTGOMERY ST, Salt Lake City, UT 84104
$785,000
Reduced from $805,000 · 1 day ago
259 S MONTGOMERY ST, Salt Lake City, UT 84104
Units
4
Price/Unit
$196,250
Price/Sqft
$228
Est Gross Yield
10.0%
$78,768/yr est.
Property Details
Unit Mix
| Type | Count | Beds | Baths | Sqft | Rent/Mo |
|---|---|---|---|---|---|
| 2BR / 1BA | 1 | 2 | 1 | 862 | $1,450/mo |
| 2BR / 1BA | 1 | 2 | 1 | 862 | $1,750/mo |
| Total | 2 | 4 | 2 | 1,724 | $3,200/mo |
Unit mix data is reported by the seller or listing agent through the MLS and may be inaccurate or incomplete. Buyers should independently verify all information and conduct their own due diligence before making any investment decisions.
Description
Excellent investment opportunity in a prime Salt Lake City location! This well-maintained four-unit property offers strong rental appeal with current rents ranging from $1,450$1,750 per unit. $1750 unit has a section 8 voucher paid by the government on the first of each month. Each unit features an open floor plan, in-unit washer and dryer, and central A/C installed approximately two years ago. The property also includes Google Fiber internet, an irrigation system (currently set to minimum due to the drought), eight dedicated parking stalls, a newly paved parking lot, a private dumpster, and four private storage units, providing valuable amenities for tenants and additional appeal for future residents. Ideally located just 8 minutes from Salt Lake City International Airport and 7 minutes from downtown Salt Lake City, with convenient access to major roads, employment centers, dining, shopping, and entertainment (including the newly proposed Power District Ballpark) . A compelling opportunity for investors seeking a well-located multifamily property with desirable tenant amenities and strong long-term potential. Listing Agent (Camden) is the owner, so please give me a call with any questions. Please do not disturb tenants.
Listed by Camden Smith · ABRAXIA REAL ESTATE, LLC
Location
259 S MONTGOMERY ST, Salt Lake City, UT 84104
Proforma
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Cap Rate
3.34%
Cash-on-Cash
-3.57%
Cash Flow
-$877/mo
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Pro forma estimates are based on assumptions, not guaranteed, and should not be relied upon.
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© 2026 UtahRealEstate.com. All rights reserved. Based on information from the Wasatch Front Regional Multiple Listing Service, Inc. as of 10/15/2026, 2:07:53 PM. 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. Listing data provided by UtahRealEstate.com.