Multifamily
Mansfield
550 Mansfield Ave S, Salt Lake City, UT 84106
Listing Price: $1,700,000
Investment Overview
Marcus & Millichap is pleased to present Mansfield Ave, an 8-unit multifamily community located along Salt Lake City’s 3300 South corridor near Brickyard Plaza. The property features an all two-bedroom unit mix with functional layouts and presents a compelling value-add opportunity, with in-place rents estimated 25%–35% below market and clear upside through targeted interior upgrades and repositioning.
Mansfield Ave benefits from excellent access to I-80, I-15, public transit, and major employment centers throughout the Salt Lake Valley, enhancing tenant appeal and supporting long-term occupancy. Its location, favorable unit configuration, and opportunity for continued NOI growth position the asset as an attractive investment for buyers seeking a well-located, high-potential property.
Mansfield
Investment Highlights
- VALUE-ADD UPSIDE: In-place rents are 25%–35% below market, creating clear upside through targeted interior renovations and repositioning.
- INFILL, TRANSIT-ORIENTED LOCATION: Located near Brickyard Plaza along the 3300 South corridor, offering convenient access to retail, transit, and major employment centers.
- FAVORABLE TWO-BEDROOM UNIT MIX: All two-bedroom layouts appeal to a broad renter base, supporting stable occupancy and durable rental demand.
Listing Price: $1,700,000
Investment Highlights
- VALUE-ADD UPSIDE: In-place rents are 25%–35% below market, creating clear upside through targeted interior renovations and repositioning.
- INFILL, TRANSIT-ORIENTED LOCATION: Located near Brickyard Plaza along the 3300 South corridor, offering convenient access to retail, transit, and major employment centers.
- FAVORABLE TWO-BEDROOM UNIT MIX: All two-bedroom layouts appeal to a broad renter base, supporting stable occupancy and durable rental demand.
Investment Overview
Marcus & Millichap is pleased to present Mansfield Ave, an 8-unit multifamily community located along Salt Lake City’s 3300 South corridor near Brickyard Plaza. The property features an all two-bedroom unit mix with functional layouts and presents a compelling value-add opportunity, with in-place rents estimated 25%–35% below market and clear upside through targeted interior upgrades and repositioning. Mansfield Ave benefits from excellent access to I-80, I-15, public transit, and major employment centers throughout the Salt Lake Valley, enhancing tenant appeal and supporting long-term occupancy. Its location, favorable unit configuration, and opportunity for continued NOI growth position the asset as an attractive investment for buyers seeking a well-located, high-potential property.
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