Mansfield Ave
Multifamily | 8 Units | $212,500/unit
Marketing description
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.
Investment highlights
Strong Value-Add Opportunity: Current rents are 25-35% below market, providing significant upside potential through strategic interior renovations and repositioning to capture market-rate pricing.
Prime Location: Situated near Brickyard Plaza and along the 3300 South transit corridor, offering residents excellent access to retail, dining, public transportation, and major thoroughfares throughout the Salt Lake Valley.
Favorable Unit Mix: All 2-bedroom units appeal to diverse tenant demographics including young professionals, small families, and roommates, supporting strong occupancy and rental stability.
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