Property Facts
Investor Special – Rare Fixer Upper 4-5 Plex in the Avenues 📍423 E 1st Avenue, Salt Lake City, UT 84103 Opportunity knocks in one of Salt Lake City's most desirable and historic neighborhoods. This classic 4-5 plex in the Avenues is ready for a savvy investor to roll up their sleeves and bring it back to life. Whether you're looking to renovate and rent, flip, or hold for long-term appreciation, this is the value-add project you've been waiting for. Highlights: • True Fixer Upper – This property needs substantial work but offers incredible upside. Ideal for investors who aren't afraid of a project and know how to unlock potential through thoughtful renovation. • Solid Bones & Great Layout – Each of the four units has its own entrance. With a mix of (2) 1-bedroom units and (2) 2-bedroom units, there's room for solid rental income once updates are made. • Prime Location – Just blocks from downtown Salt Lake, the University of Utah, and City Creek, this location is always in demand. Walkable to shops, restaurants, and transit. • Parking is a Plus – Rare for the area, this property offers parking for 4+ cars in the back plus additional off-street options-a valuable amenity in this neighborhood. • Upside Potential – Rehab and rent, flip for profit, or convert to high-end rentals. Comparable renovated fourplexes in the area command significantly higher rents and values. ________________________________________ Investor Notes: • INVESTOR OPEN, Sat, June 14 at 10am. Offers subject to inspection if you are unable to attend the investor open. • PLEASE DO NOT DISTURB TENANTS – Property is occupied. • Sold as-is – Seller will make no repairs. Cash, hard money, or renovation loan preferred. • Check with Salt Lake City for expansion or ADU potential.
Property Features
Interior Features
Exterior Features
Other Features
Totals
Unit Configuration
Zoning Information
Schools
Designated Schools
Nearby Schools
| GreatSchools Rating | School Name | Grades | Distance |
|---|---|---|---|
| Salt Lake Virtual School Public Middle School, High School |
7-12 | 0.30 mi | |
| Salt Lake Virtual Elementary Public Elementary, Middle School |
K-8 | 0.30 mi | |
| Open Classroom Preschool, Elementary, Middle School |
0.15 mi | ||
| Salt Lake District Preschool, Elementary, Middle School, High School |
0.30 mi | ||
| Madeleine Choir School Private Preschool, Elementary, Middle School |
PK-8 | 0.33 mi | |
| City Academy Charter Middle School, High School |
7-12 | 0.39 mi | |
| Salt Lake Center for Science Education Bryant Public Middle School |
7-8 | 0.42 mi | |
| Odyssey House Childrens Services (YIC) Public Middle School, High School |
7-12 | 0.44 mi | |
| M Lynn Bennion School Public Preschool, Elementary |
PK | 0.91 mi | |
| Rowland Hall Secondary Private Preschool, Elementary, Middle School, High School |
PK-12 | 0.92 mi | |
| K12 International Academy Private Elementary, Middle School, High School |
K-12 | 0.94 mi | |
| The Keystone School Private Middle School, High School |
6-12 | 0.94 mi | |
| Wasatch School Public Elementary |
K-6 | 1.01 mi | |
| Ensign School Public Preschool, Elementary |
PK | 1.01 mi | |
| Washington School Public Preschool, Elementary |
PK | 1.16 mi |
School data provided by GreatSchools.
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Listing Broker
Coldwell Banker Realty (Salt Lake-Sugar House)
2180 S. 1300 E. #140
Salt Lake City, UT 84106
801-488-5300