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Castle Heights 141 E 1st Ave 32 Unit Apartment Building $9,351,570 CAD ($292,237 CAD/Unit) Salt Lake City, UT 84103
Executive Summary
Located in the heart of downtown Salt Lake City's Avenues neighborhood, Castle Heights Apartments is one of the cities most iconic multifamily buildings. 32-units just steps from Temple Square, City Creek, dining, employment, and public transit. The property includes 27 one-bedroom units, 4 studios, and 1 two-bedroom. Some interior cosmetic upgrades were completed in 2021, including new cabinets, countertops, and stainless steel appliance, but more work remains. Offered at $215,625 per unit, this is a compelling value-add opportunity in a premier, walkable downtown location with strong long-term upside.
Property Facts
| Price | $9,351,570 CAD | Building Class | C |
| Price Per Unit | $292,237 CAD | Lot Size | 0.38 AC |
| Sale Type | Investment | Building Size | 30,838 SF |
| No. Units | 32 | No. Stories | 4 |
| Property Type | Multifamily | Year Built/Renovated | 1930/2021 |
| Property Subtype | Apartment | Parking Ratio | 0.81/1,000 SF |
| Apartment Style | Mid-Rise | ||
| Zoning | RMF-75 - RMF - 75 | ||
| Price | $9,351,570 CAD |
| Price Per Unit | $292,237 CAD |
| Sale Type | Investment |
| No. Units | 32 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.38 AC |
| Building Size | 30,838 SF |
| No. Stories | 4 |
| Year Built/Renovated | 1930/2021 |
| Parking Ratio | 0.81/1,000 SF |
| Zoning | RMF-75 - RMF - 75 |
Amenities
Unit Amenities
- Washer/Dryer
- Heating
- Kitchen
- Refrigerator
- Range
- Views
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 4 | - | 600 |
| 1+1 | 27 | - | 620 - 750 |
| 2+1 | 1 | - | 875 |
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Walk Score®
Very Walkable (83)
Bike Score®
Very Bikeable (83)
Property Taxes
| Parcel Number | 09-31-379-018-0000 | Improvements Assessment | $3,989,325 CAD |
| Land Assessment | $4,208,206 CAD | Total Assessment | $8,197,532 CAD |
Property Taxes
Parcel Number
09-31-379-018-0000
Land Assessment
$4,208,206 CAD
Improvements Assessment
$3,989,325 CAD
Total Assessment
$8,197,532 CAD
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Castle Heights | 141 E 1st Ave
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