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Renovated Apartment Building with Fitness Center
For Sale
$9,500,000

404 E 5600 S, Murray, UT 84107

Residential, Murray, UT

Property Size38,374 SF
Lot Size2.60 Acres
Price / SF$247.56
Days on Market541

Property Features for 404 E 5600 S

General Information

Property type Residential Multi Family
Property subtype Other
Zoning Multi-Family
Zoning description R-M-15
Bedrooms 47
Bathrooms 48
Full bathrooms 48
Rooms Bathroom 15, Bathroom 30, Bedroom 42, Bathroom 24, Bathroom 14, Bedroom 4, Bedroom 40, Bathroom 10, Bathroom 9, Bathroom 19, Bathroom 11, Bedroom 1, Bedroom 8, Bathroom 4, Bedroom 32, Bathroom 22, Bedroom 34, Bathroom 48, Bathroom 21, Bathroom 23, Bathroom 33, Bathroom 44, Bedroom 37, Bedroom 20, Bathroom 43, Bedroom 2, Bedroom 22, Bathroom 40, Bathroom 39, Bedroom 3, Bedroom 39, Bedroom 9, Bathroom 7, Bathroom 1, Bathroom 3, Bathroom 38, Bedroom 18, Bedroom 15, Bathroom 12, Bedroom 43, Bedroom 21, Bathroom 28, Bedroom 26, Bedroom 6, Bathroom 25, Bathroom 32, Bathroom 45, Bedroom 47, Bathroom 13, Bedroom 24, Bedroom 23, Bedroom 10, Bathroom 46, Bathroom 31, Bedroom 30, Bathroom 35, Bedroom 33, Bedroom 35, Bedroom 46, Bedroom 29, Bathroom 18, Bathroom 16, Bedroom 44, Bathroom 26, Bathroom 36, Bedroom 41, Bedroom 16, Bathroom 41, Bedroom 19, Bedroom 7, Bathroom 34, Bathroom 8, Bedroom 25, Bedroom 31, Bathroom 5, Bedroom 27, Bathroom 20, Bedroom 17, Bathroom 47, Bathroom 29, Bathroom 17, Bedroom 5, Bedroom 36, Bathroom 37, Bedroom 13, Bathroom 2, Bathroom 27, Bathroom 6, Bedroom 45, Bathroom 42, Bedroom 14, Bedroom 28, Bedroom 12, Bedroom 11, Bedroom 38
Parking features Covered
Interior features Alarm: Fire, Disposal, Kitchen: Updated, Range/Oven: Free Stdng., Dishwasher: Built-In
Exterior features Entry (Foyer)
Accessibility Accessible Elevator Installed
Lot features Curb & Gutter, Road: Paved
Elementary school None/Other
Middle school None/Other
High school None/Other
Subdivision Murray; Taylorsvl; Midvale
Standard status Active
APN 22-18-177-045
Size 38,374 SF
Lot size 2.60 Acres

Taxes and HOA fees

Tax Annual Amount 2873

Utilities

Heating system Forced Air

Amenities

resident lounge
fitness center
fire pits
BBQ courtyard
large grass areas
community laundry rooms
assigned covered parking
on-site management
individual locked storage room

Building Details

Year built 1969
Floors in Building 3
Number of units 39
Architectural style Other
Listing Agency: Investment Realty Advisors LLC
Listed By: Joseph Mills · License #5652815
Added: Mar 19, 2025 Changed: Sep 2 Last Checked: Sep 10 at 9:06AM
MLS# 2093496

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Investment Insights

Based on property information with market context.

This 39-unit apartment property contains 38,374 square feet on 2.6 acres and was originally built in 1969 before renovation work in 2023. Apartment interiors include luxury plank flooring, quartz countertops, stainless steel GE appliances, updated cabinetry, full-height backsplashes, air conditioning, and open-concept layouts. Every unit includes a large locked storage room, while the building provides elevator access, community laundry rooms, and assigned covered parking.

Resident-oriented improvements include a fitness center, lounge, fire-pit areas, and a furnished BBQ courtyard. The property is zoned Multi-Family and has 79.49% occupancy, with eight vacant units identified in the property information. Murray access includes proximity to TRAX, I-15, I-215, Intermountain Medical Center, shopping, parks, and trails. On-site professional management is also included.

Key Highlights

  • 39‑unit apartment property with 38,374 square feet on 2.6 acres
  • Renovated in 2023; originally built in 1969
  • 79.49% occupancy with eight vacant units

Property Analytics

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Current Use

Apartment buildings

Suggested Use

Top Pick Restaurant Real Estate Agency Food Market Grocery & Convenience Store Hair Salon (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

39
Residential units
79.5%
Occupancy
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

1,282
Businesses Nearby

Demographics for 84107, UT

37,713
Population
17,287
Households
2.2
Avg Household Size
34
Median Age
38%
College-Educated
93%
High-School Grad
7.5 sq mi
ZIP Area
5,028
Density / Sq Mi
$73,469
Median Household Income
$46,098
Median Earnings
$1,387
Median Rent
$426,000
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Updated multifamily community with covered parking, private storage, and shared resident amenities.
Where is this apartment building located?
The property is located at 404 E 5600 S Murray, UT.
What is the asking price?
The asking price for this property is $9,500,000.
What are key features of this property?
This property features: 39‑unit apartment property with 38,374 square feet on 2.6 acres; Renovated in 2023; originally built in 1969; 79.49% occupancy with eight vacant units
More about this property
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