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McClelland Street Apartments 131 S McClelland St 5 Unit Apartment Building $1,200,000 ($240,000/Unit) Salt Lake City, UT 84102
Investment Highlights
- Attractive Small-Scale Value-Add with Clear Rent Upside
- Operational and Physical Upside with Limited Capital Requirements
- Prime East Central Location Near University of Utah and Transit
Executive Summary
Cushman & Wakefield, as exclusive advisor, is pleased to present the opportunity to acquire the McClelland Street Apartments (the “Property”), a 5-unit apartment community located in the vibrant East Central neighborhood of Salt Lake City, Utah.
Originally constructed in 1948 on a 0.13-acre site, the Property is a well-maintained brick walk-up building that offers classic appeal and strong value-add potential. The community features thoughtfully designed layouts with durable finishes and recent improvements, while maintaining opportunities for modernization and operational enhancements.
This Property represents a rare chance to acquire a well-located property with multiple paths for physical and income growth in one of the mountain west’s most desirable cities.
Originally constructed in 1948 on a 0.13-acre site, the Property is a well-maintained brick walk-up building that offers classic appeal and strong value-add potential. The community features thoughtfully designed layouts with durable finishes and recent improvements, while maintaining opportunities for modernization and operational enhancements.
This Property represents a rare chance to acquire a well-located property with multiple paths for physical and income growth in one of the mountain west’s most desirable cities.
Property Facts
| Price | $1,200,000 | Building Class | C |
| Price Per Unit | $240,000 | Lot Size | 0.13 AC |
| Sale Type | Investment | Building Size | 3,400 SF |
| No. Units | 5 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1948 |
| Property Subtype | Apartment | Parking Ratio | 1.47/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | R-MU - Residential/Mixed Use | ||
| Price | $1,200,000 |
| Price Per Unit | $240,000 |
| Sale Type | Investment |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.13 AC |
| Building Size | 3,400 SF |
| No. Stories | 2 |
| Year Built | 1948 |
| Parking Ratio | 1.47/1,000 SF |
| Zoning | R-MU - Residential/Mixed Use |
Amenities
Unit Amenities
- Air Conditioning
- Microwave
- Storage Space
- Heating
- Freezer
Site Amenities
- 24 Hour Access
- Laundry Facilities
- Tenant Controlled HVAC
- Storage Space
- Private Bathroom
- Smoke Detector
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Walk Score®
Very Walkable (75)
Bike Score®
Very Bikeable (87)
Property Taxes
| Parcel Number | 16-05-206-004-0000 | Improvements Assessment | $522,100 |
| Land Assessment | $296,300 | Total Assessment | $818,400 |
Property Taxes
Parcel Number
16-05-206-004-0000
Land Assessment
$296,300
Improvements Assessment
$522,100
Total Assessment
$818,400
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McClelland Street Apartments | 131 S McClelland St
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