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1066 E MARKEA AVE, Salt Lake City, UT 84102
$1,049,000
Reduced from $1,075,000 · 2 days ago
1066 E MARKEA AVE, Salt Lake City, UT 84102
Units
2
Price/Unit
$524,500
Price/Sqft
$317
Est Gross Yield
6.5%
$68,376/yr est.
Property Details
Unit Mix
| Type | Count | Beds | Baths | Sqft | Rent/Mo |
|---|---|---|---|---|---|
| 3BR / 2BA | 2 | 3 | 2 | 1,719 | $3,200/mo |
| Total | 2 | 6 | 4 | 3,438 | $6,400/mo |
Unit mix data is reported by the seller or listing agent through the MLS and may be inaccurate or incomplete. Buyers should independently verify all information and conduct their own due diligence before making any investment decisions.
Description
Excellent investment opportunity just three blocks from the University of Utah! This side-by-side duplex was extensively remodeled in 2019 with major updates including plumbing, electrical, kitchens, bathrooms, windows, HVAC, and more. Both units have been freshly painted, and the east unit features brand-new carpet, making it move-in ready for a new tenant or owner-occupant. The west unit is leased on a new 12-month lease at $3,190 per month, providing immediate, stable income. The east unit is available for primary residency and offers approximately 150 additional square feet, a private fenced yard, off-street parking, and strong rental potential with projected rents exceeding the west unit. Whether you're looking to expand your investment portfolio or live in one unit while generating rental income from the other, this turnkey property is a rare opportunity in a highly desirable location close to campus, downtown, hospitals, and public transportation.
Listed by Michael Egan · Windermere Real Estate
Location
1066 E MARKEA AVE, Salt Lake City, UT 84102
Proforma
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Cap Rate
4.33%
Cash-on-Cash
-0.91%
Cash Flow
-$299/mo
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Pro forma estimates are based on assumptions, not guaranteed, and should not be relied upon.
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© 2026 UtahRealEstate.com. All rights reserved. Based on information from the Wasatch Front Regional Multiple Listing Service, Inc. as of 7/29/2026, 7:18:29 PM. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or the MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Listing data provided by UtahRealEstate.com.