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Union Meadows Apartments 978 E South Union Ave 73 Unit Apartment Building For Sale Midvale, UT 84047
Investment Highlights
- Embedded Value-Add Upside
- Strong Long-Term Demand Drivers
- Premier Fort Union Corridor Location
Executive Summary
Cushman & Wakefield, as exclusive advisor, is pleased to present the opportunity to acquire Union Meadows Apartments (“Union Meadows” or the “Property”), a 73-unit, garden-style apartment community located in Midvale, Utah. Union Meadows presents a rare opportunity to acquire a well-located multifamily asset in one of the Salt Lake Valley’s most established and accessible infill submarkets, offering strong rental demand and meaningful upside through strategic renovations and operational enhancement.
Originally constructed in 1986, Union Meadows offers investors the opportunity to acquire a quality suburban community with a functional unit mix in a location defined by exceptional connectivity, surrounding retail amenities, and proximity to major employment corridors. Positioned near the Fort Union / Union Park area, the Property benefits from immediate access to some of the region’s strongest daily-needs and destination retail, as well as convenient access to the broader Salt Lake Valley, supporting long-term renter appeal.
Union Meadows combines in-place cash flow with a clear value-add component, creating an attractive opportunity for investors to drive NOI growth through thoughtful interior upgrades, continued revenue optimization, and improved asset positioning over the hold period. As housing affordability remains a challenge across the Salt Lake Valley, the Property is well positioned to benefit from durable renter demand and long-term appreciation in a high-barrier-to-entry location.
Originally constructed in 1986, Union Meadows offers investors the opportunity to acquire a quality suburban community with a functional unit mix in a location defined by exceptional connectivity, surrounding retail amenities, and proximity to major employment corridors. Positioned near the Fort Union / Union Park area, the Property benefits from immediate access to some of the region’s strongest daily-needs and destination retail, as well as convenient access to the broader Salt Lake Valley, supporting long-term renter appeal.
Union Meadows combines in-place cash flow with a clear value-add component, creating an attractive opportunity for investors to drive NOI growth through thoughtful interior upgrades, continued revenue optimization, and improved asset positioning over the hold period. As housing affordability remains a challenge across the Salt Lake Valley, the Property is well positioned to benefit from durable renter demand and long-term appreciation in a high-barrier-to-entry location.
Property Facts
| Sale Type | Investment | Lot Size | 3.60 AC |
| No. Units | 73 | Building Size | 71,250 SF |
| Property Type | Multifamily | Average Occupancy | 99% |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Garden | Year Built | 1986 |
| Building Class | B | Parking Ratio | 2.05/1,000 SF |
| Zoning | RM-25 | ||
| Sale Type | Investment |
| No. Units | 73 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | B |
| Lot Size | 3.60 AC |
| Building Size | 71,250 SF |
| Average Occupancy | 99% |
| No. Stories | 3 |
| Year Built | 1986 |
| Parking Ratio | 2.05/1,000 SF |
| Zoning | RM-25 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 24 | - | 930 |
| 2+2 | 49 | - | 1,000 |
1 1
Moderately walkable
60/100
Moderately drivable
70/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 22-29-179-023-0000 | Improvements Assessment | $15,764,999 CAD |
| Land Assessment | $7,958,270 CAD | Total Assessment | $23,723,269 CAD |
Property Taxes
Parcel Number
22-29-179-023-0000
Land Assessment
$7,958,270 CAD
Improvements Assessment
$15,764,999 CAD
Total Assessment
$23,723,269 CAD
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Union Meadows Apartments | 978 E South Union Ave
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