UT
Salt Lake
Millcreek
84124
3910 S 1040 E
3910 S 1040 E, Millcreek, UT 84124
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Listing Type
Multi Family
Listing Status
Active
15
$2,100,000

Home Details for 3910 S 1040 E

Price
$2,100,000
Type
Residential Income
Bedrooms
16
Total Bathrooms
8
Square feet
7376
Year built
1968
Lot size acres
0.28
County
Salt Lake
MLS Listing#
2151403
Property Description

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.

Property Features
  • Cooling Information
    • None
  • Heating Information
    • None
School Information
School Information for 3910 S 1040 E, Millcreek, UT 84124
Elementary School
James E. Moss
Middle School
Bonneville
High School
Cottonwood
Listing Courtesy: Marcus & Millichap Real Estate Investment Services of Atlanta, INC - 303-328-2050
Wasatch Front Regional MLS logoBased on information from the Wasatch Front Regional Multiple Listing Service, Inc. 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.
Last Updated: 2026-05-08 19:13:37
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EXIT REALTY LEGACY
4516 South 700 East Suite 190, Murray, UT 84107
Goose Hoeft
License #: 14246756-SA00
Sales Representative
Office
801 438 0246
Agent
385 535 6037
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