PARKVIEW ON VINE
Multifamily | 31 Units | $254,839/unit
Marketing description
Parkview On Vine is a well-located multifamily community situated along Vine Street in the heart of Murray, Utah. Positioned within one of Salt Lake County’s most established and supply-constrained rental corridors, the property benefits from immediate access to I-15, I-215, State Street retail, and Intermountain Medical Center.
The offering consists of a professionally maintained multifamily community situated across two legal parcels, providing efficient site layout, functional unit designs, and strong tenant appeal. The property features attractive curb presence, on-site parking, and a location embedded within a mature residential neighborhood supported by stable demographics and longterm rental demand.
Parkview On Vine offers investors a combination of in-place cash flow and future upside through continued rent growth, operational efficiencies, and strategic interior upgrades where applicable.
The asset is well positioned to capitalize on Murray’s central location, strong employment base, and proximity to major retail and transit infrastructure. Priced at $8,200,000, Parkview On Vine represents an opportunity to acquire a stabilized multifamily investment in a high-demand Salt Lake County submarket with durable fundamentals and long-term appreciation potential.
Investment highlights
• Located in central Murray with convenient access to I-15 and I-215.
• Proximity to major employment centers including Intermountain Medical Center.
• Strong rental demand supported by population and job growth in Salt Lake County.
• Well-maintained multifamily community.
• Attractive curb appeal and desirable unit layouts.
• On-site parking and common area amenities.
• Potential to increase rents to market levels.
• Mark-to-Market Rent Growth – Opportunity to continue aligning in-place rents with current Murray market levels as leases roll, capturing organic revenue growth without significant capital expenditure.
• Interior Upgrade Premiums – Selective unit renovations (fixtures, flooring, cabinetry, appliances) can drive measurable rent premiums and improve tenant retention.
• Strong Long-Term Demand Drivers – Continued job growth, medical employment expansion, and central valley infill location support sustainable occupancy and long-term rental appreciation.
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