Contacts

Joseph Mills

Investment Realty Advisors

Property Details

Property Type Multi-Family
Property Size 27,980 SF
Units 31
Lot Size 2.51 Acre
Property Tenancy Multi-Tenant
Year Built 1969
Year Renovated 2023
Date Updated Jun 19, 2025

Nestled in the core of Salt Lake County, Murray is fondly referred to as the “Hub of Salt Lake County.” Its central position provides residents with convenient access to major transportation routes, including I-15 and I-215, as well as TRAX light rail. Murray boasts a thriving economic landscape supported by various industries, making it an attractive area for both businesses and residents. Local amenities include diverse retail options, quality healthcare facilities such as Intermountain Medical Center, and abundant recreational opportunities at nearby parks and trails. Its blend of suburban comfort and urban access continues to draw steady rental demand and long-term property appreciation.This newly renovated 39-unit multifamily property offers an exceptional buy-and-hold opportunity in the heart of Murray, Utah. Originally built in 1969, it has been tastefully upgraded in 2023, featuring modern interiors and community amenities. Residents enjoy a brand-new fitness center, resident lounge, fire pits, and a spacious BBQ courtyard for social gatherings. Each unit comes with an individual locked storage room, while assigned covered parking ensures convenience and security. The property spans 2.6 acres, providing ample green space for relaxation and recreation. With 79.49% occupancy, there’s immediate room to increase rental income by leasing the remaining eight vacant units. Proximity to shopping, healthcare, and public transit boosts the property’s long-term investment appeal. Priced at $10,500,000, this complex presents robust upside potential in one of Utah’s most vibrant submarkets.

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Getting around

39/100
Walk Score ®
33/100
Transit Score ®
44/100
Bike Score ®

City Murray, UT
Neighborhood Murray
Zip Code 84107
Market Salt Lake City

Points of Interest

Rideshare

0.79 miles
Murray Central

1.07 miles
Fashion Place West

1.35 miles
Murray North

2.06 miles
Midvale Center

2.71 miles
Bingham Junction

2.79 miles
Meadowbrook

2.82 miles
Historic Gardner

3.58 miles
Historic Sandy

4.09 miles
Sandy Expo

4.65 miles

Phillips 66

0.37 miles
Chevron

0.82 miles
Sinclair

0.90 miles
ChargePoint

0.98 miles
Kum And Go

0.99 miles
Sam's Club

1.32 miles
Holiday Oil

1.42 miles
Shell

1.53 miles
Tesla Supercharger

1.91 miles
Blink

3.32 miles

Grandview Parking Lot

0.89 miles
Park 'n' Ride

2.31 miles
Church Parking

2.79 miles
UTA park and ride

2.80 miles
Parking Lot A

3.40 miles
Parking Lot P

3.46 miles
Parking Lot B

3.47 miles
Parking Lot O

3.47 miles
Parking Lot N

3.50 miles
Parking Lot R

3.51 miles

Sandman Motel

0.42 miles
TownePlace Suites Salt Lake City Murray

0.54 miles
Residence Inn

0.58 miles
Holiday Inn Express & Suites

1.01 miles
Home2 Suites by Hilton Salt Lake City-Murray, UT

1.16 miles
Comfort Inn

1.27 miles
Crystal Inn Hotel & Suites

1.38 miles
Econo Lodge

1.52 miles
Holiday Inn Express

1.90 miles
Royal Inn Motel

1.91 miles

Burlington

0.71 miles
Macey's

0.74 miles
Macy's

0.77 miles
Big Lots

0.78 miles
Nordstrom

0.83 miles
Dillard's

0.99 miles
Sprouts Farmers Market

1.08 miles
Ross

1.13 miles
Smith's

1.46 miles
Walmart Supercenter

1.76 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker

Joseph Mills

Investment Realty Advisors