119 K St, Salt Lake City, UT, 84103
About This Home
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 miles from Downtown SLC and 1.7 miles from the University of Utah, ensuring historically near-zero vacancy and a premium tenant base. Ideal value-add opportunity to command top-tier returns in one of SLC's highest-barrier-to-entry neighborhoods. Square footage figures are provided as a courtesy based on County records; buyer is advised to obtain an independent measurement and verify all information to their own satisfaction.
Getting Around
Very Walkable
Good Transit
Very BikeableSchools
Construction
Condition
- Property condition: Blt./Standing
- Year built: 1905
Materials
- Roof: Asphalt
Notable Dates
- Major remodel year: 1980
Type & Style
- Home type: MultiFamily
- Property subType: Multi Family
Interior
Bedrooms & Bathrooms
- Bedrooms: 10
- Bathrooms: 15
Interior Area
- Total structure area: 8,513
- Total interior livable area: 8,513 sqft
Property
Details
- Parcel number: 0932353023
- Zoning: SR-1A
- Zoning description: Multi-Family
Features
- Has view: Yes
- View description: Mountain(s),Valley
- Topography of land: Terrain Grad Slope
Lot
- Lot size: 0.39 Acres
- Features: Gentle Sloping
- Lot size dimensions: 0.0 x 0.0 x 0.0
Parking
- Total spaces: 8
- Parking features: Covered
- Covered spaces: 8
- Carport: Yes
- Carport spaces: 8
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Earthquake
- Winter Weather
How This Home’s Risks Compare
FEMA Declared Disasters Across Utah Counties
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $8,545 | $102,540 |
| Home Insurance | $388 | $4,656 |
| Property Taxes | $704 | $8,448 |
| Electricity | $516 | $6,200 |
| Total | $10,153 | $121,836 |
Income You'd Need if You Spent...
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
No zestimate history available
Price History
| Date | Event | Price |
|---|---|---|
| 2026-04-16 | Price change | $1,950,000 |
| 2026-03-07 | Listed for sale | $2,100,000 |
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