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1219 E KENSINGTON S AVE, Salt Lake City, UT 84105
$900,000
1219 E KENSINGTON S AVE, Salt Lake City, UT 84105
Units
3
Price/Unit
$300,000
Price/Sqft
$361
Est Gross Yield
5.6%
$50,388/yr est.
Property Details
Unit Mix
| Type | Count | Beds | Baths | Sqft | Rent/Mo |
|---|---|---|---|---|---|
| 2BR / 1BA | 1 | 2 | 1 | 843 | $2,100/mo |
| 2BR / 1BA | 1 | 2 | 1 | 725 | $2,000/mo |
| 1BR / 1BA | 1 | 1 | 1 | 721 | $1,400/mo |
| Total | 3 | 5 | 3 | 2,289 | $5,500/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
Rare opportunity to acquire a high-performing Sugar House investment property with the owner currently in the process of obtaining city approval for a legal duplex with an ADU. Producing a true 6% cap rate based on accurate rent rolls and operating expenses, this well-maintained asset offers immediate cash flow in one of Salt Lake City's most desirable rental markets. The property features two spacious 2-bedroom/1-bath units plus a remodeled lower-level 1-bedroom unit, each with private outdoor space and a dedicated garage-a rare amenity that attracts quality tenants and supports strong occupancy. Major capital improvements include a new roof and new HVAC mini-split systems installed in 2024, along with updated kitchens, mature landscaping, and a secluded yard. Ideally located near the McClelland Trail and within walking distance of Westminster University, the property benefits from a deep and consistent tenant pool. DO NOT DISTURB TENANTS. Offers subject to inspection. Square footage provided as a courtesy estimate only. Buyer to verify all information
Listed by Joe Pierson · Real Broker, LLC
Location
1219 E KENSINGTON S AVE, Salt Lake City, UT 84105
Proforma
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Cap Rate
3.72%
Cash-on-Cash
-2.54%
Cash Flow
-$715/mo
Quick estimates only. Switch to Detailed for full line-item control.
Pro forma estimates are based on assumptions, not guaranteed, and should not be relied upon.
DISCLAIMER: The information provided on this website, including property details, pricing, projections, and availability, is for informational purposes only and may change without notice. While Canovo Group, LLC strives to maintain accurate and up-to-date information, we do not guarantee its completeness or accuracy. Users should independently verify all information and property details, including availability and any leasing conditions, with the listing agent or property owner before making any decisions. Canovo Group, LLC is not responsible for any errors, omissions, or third-party content and makes no representations or warranties regarding the properties listed. Neither Canovo Group, LLC nor its affiliates are acting as your real estate agent or broker, nor do we represent or endorse any properties or parties unless expressly stated in a separate written agreement. This website is not an offer or solicitation to buy, sell, or lease any property. All transactions are the sole responsibility of the parties involved.
© 2026 UtahRealEstate.com. All rights reserved. Based on information from the Wasatch Front Regional Multiple Listing Service, Inc. as of 6/18/2026, 12:05:05 AM. 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.