Multifamily
The Monterey Apartments
1155 E 200 S, Salt Lake City, UT 84102
Listing Price: $5,300,000
Investment Overview
Marcus & Millichap is pleased to present The Monterey Apartments, a rare opportunity to acquire a well-maintained multifamily asset located near the University of Utah in one of Salt Lake City’s most established rental corridors. The property offers investors a value-add investment with immediate upside through targeted interior renovations.
Positioned in a high-demand pocket of Salt Lake City, Monterey benefits from durable tenant demand driven by its proximity to major employment, higher education, and healthcare anchors. With the potential to capture ~$250 rent premiums through interior upgrades, Monterrey presents a compelling value-add opportunity in a market known for its economic resilience, consistent renter demand, and long-term growth trajectory.
Listing Price: $5,300,000
Investment Highlights
- Prime University Proximity: Located near the University of Utah, a consistent driver of rental demand.
- Value-Add Potential: ~$250 rent upside through targeted interior renovations.
- Clean Asset: Well-maintained with no deferred maintenance
Investment Overview
Marcus & Millichap is pleased to present The Monterey Apartments, a rare opportunity to acquire a well-maintained multifamily asset located near the University of Utah in one of Salt Lake City’s most established rental corridors. The property offers investors a value-add investment with immediate upside through targeted interior renovations. Positioned in a high-demand pocket of Salt Lake City, Monterey benefits from durable tenant demand driven by its proximity to major employment, higher education, and healthcare anchors. With the potential to capture ~$250 rent premiums through interior upgrades, Monterrey presents a compelling value-add opportunity in a market known for its economic resilience, consistent renter demand, and long-term growth trajectory.
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