3910 S 1040 E, Millcreek, UT 84124

Millcreek
Local realty services provided by:Better Homes and Gardens Real Estate Momentum
3910 S 1040 E,Millcreek, UT 84124
$2,100,000
  • 16 Beds
  • 8 Baths
  • 7,376 sq. ft.
  • Multi-family
  • Active
Listed by: evan clark
Office: marcus & millichap real estate investment services of atlanta, inc
MLS#:2151403
Source:SL

Price summary

  • Price:$2,100,000
  • Price per sq. ft.:$284.71

About this home

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...

Contact an agent

contact an agent

Yes, I would like more information. Please use and/or share my information with a BHGRE®  affiliated agent to contact me about my real estate needs. By clicking Send message, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If a BHGRE®  affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (CENTURY 21® , Coldwell Banker® , Corcoran® , ERA® , Sotheby's International Realty® ). I acknowledge that I have read and agree to theTerms of useandPrivacy notice

Home facts

  • Year built:1968
  • Listing ID #:2151403
  • Added:7 day(s) ago
  • Updated:April 25, 2026 at 11:16 AM

Rooms and interior

  • Bedrooms:16
  • Total bathrooms:8
  • Living area:7,376 sq. ft.

Structure and exterior

  • Year built:1968
  • Building area:7,376 sq. ft.
  • Lot area:0.28 Acres

Schools

  • High school:Cottonwood
  • Middle school:Bonneville
  • Elementary school:James E. Moss

Finances and disclosures

  • Price:$2,100,000
  • Price per sq. ft.:$284.71
  • Tax amount:$12,803

Parking

  • Total parking spaces:12
  • Carport spaces:8

New listings near 3910 S 1040 E