Listing Photo
Listing Photo
Listing Photo
Listing Photo
Listing Photo
Listing Agent: Evan Clark

$2,100,000

3910 S 1040 E
16Beds
0.0Baths
7376ft2
View All Photos of This Listing
Marcus & Millichap is pleased to present this exclusive listing of a core+ multifamily asset in Salt Lake City's Millcreek corridor, one of the region's most resilient rental submarkets. The property is being offered individually as part of a two-property, 16-unit portfolio, with the seller preferring a package sale but willing to consider individual offers. The investment thesis is straightforward: in-place cash flow paired with clearly defined upside through natural tenant turnover and ancillary income strategies. In-place rents reflect a tenured resident base, with an average tenancy of approximately two and a half years, signaling stability while presenting a mark-to-market opportunity as units turn. The asset benefits from strong demographic tailwinds driven by Utah's sustained population growth and a widening mortgage-to-rent affordability gap that continues to push would-be buyers into the rental market. Square footage figures are provided as a courtesy estimate only. Buyer is advised to obtain an independent measurement. Do not disturb tenants. Contact listing agent for financials or to schedule a tour.

MLS # 2151403

Listing maintained by Marcus & Millichap Real Estate Investment Services of Atlanta, INC. Posted on Apr 17, 2026 4:00 pm and last updated on May 8, 2026 11:53 pm. All times are in Universal Coordinated Time.

This information is believed to be accurate, but without warranty.

Property Features

  • Style: Stories: 2
  • Year Built: 1968