Monterey Apartments
23-Unit Value-add by University of Utah
Marketing description
Marcus & Millichap is pleased to present 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, Monterey presents a compelling value-add opportunity in a market known for its economic resilience, consistent renter demand, and long-term growth trajectory.
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: Extremely well-maintained with no deferred maintenance.
Listing Contacts
Valuation Calculator
Valuation Metrics
Map
Zoning
Broker Selected Comps View More Comps
Property History
Tax History
Similar Properties
Additional Information
Is there information that looks off?
