4345 & 4347 S Highland Dr — Sale in Holladay, UT

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: Holladay, UT 84124

Photos

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Investment Figures

Cap rate
5.18%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

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. Investment Highlights: • Portfolio Entry Point: Offered individually from a 16-unit, two-property portfolio. Seller prefers a package but will consider individual offers. • Core+ Cash Flow with Upside: Stable in-place income backed by ~2.5-year avg. tenancy, with mark-to-market opportunity as units turn.

Market Context

This multifamily in Holladay, UT is listed for sale. It is offered at an approximate 5.2% capitalization rate, a key benchmark for income-producing multifamily assets. Compare it against other multifamily listings for sale in Holladay, UT — view the full market.

As of Q4 2025, the Salt Lake City multifamily market showed a 5.2% vacancy rate, average asking rents near $1755.00/unit/mo, and rents up 0.1% year over year. Source: multiple brokerage reports, Q4 2025.

Tight vacancy keeps competition for quality space elevated.

Multifamily market FAQ

Is the Salt Lake City multifamily market tightening or softening?
Vacancy is around 5.2% (Q4 2025).

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