Multifamily Community in Murray,
For Sale
Contact for pricing
247 Vine St, Murray, UT 84107
Well-located multifamily community with income and appreciation potential.
Property Size24,846 SF
Price / SF$317.96
Days on Market169
Property Features for 247 Vine St
General Information
Standard status
Active
Size
24,846 SF
Class
B
Total Parking Spaces
37
Property subtype
Multifamily
Investment Type
Value Add
Net Operating Income
$426,691
Building Details
Year Built
1970
Year Renovated
2020
Buildings
2
Stories
3
Units
31
Listing Agency:
Newmark Mountain West
Listed By:
Kristopher Mortensen · License #UT 9789720-SA00
Source:
Crexi
Added: Feb 24
Changed: Aug 8
Last Checked: Aug 11 at 5:36AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Newmark Mountain West
Investment Insights
Based on property information with market context.
Parkview On Vine is a multifamily community located on Vine Street in Murray, Utah. Situated in a supply-constrained rental corridor of Salt Lake County, the property benefits from access to I-15, I-215, State Street retail, and Intermountain Medical Center. The property is a professionally maintained multifamily community situated across two legal parcels, providing efficient site layout, functional unit designs, and tenant appeal. The property features curb presence, on-site parking, and a location within a residential neighborhood supported by demographics and rental demand. The asset is positioned to capitalize on Murray’s central location, employment base, and proximity to retail and transit infrastructure. Parkview On Vine offers investors a combination of in-place cash flow and future upside through continued rent growth, operational efficiencies, and strategic interior upgrades. The property size is 24846 square feet.
Key Highlights
- Prime location in Murray, Utah, with immediate access to I‑15, I‑215, State Street retail, and Intermountain Medical Center.
- Situated in a supply‑constrained rental corridor with stable demographics and long‑term rental demand.
- Professionally maintained multifamily community with attractive curb presence and on‑site parking.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,507
Businesses Nearby
Explore this area
Business Placement
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
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Multifamily property - Well-located multifamily community with income and appreciation potential.
Where is this multifamily property located?
The property is located at 247 Vine St Murray, UT.
What is the asking price?
The asking price for this property is $7,900,000.
What are key features of this property?
This property features: Prime location in Murray, Utah, with immediate access to I‑15, I‑215, State Street retail, and Intermountain Medical Center.; Situated in a supply‑constrained rental corridor with stable demographics and long‑term rental demand.; Professionally maintained multifamily community with attractive curb presence and on‑site parking.
