14-Unit Townhome
884 Rowley #106, Millcreek, UT 84107
For Sale
$6,719,000
Newly built rental homes feature private tandem garages, upgraded interiors, and access to shared recreation areas.
Property Size19,600 SF
Price / SF$342.81
Days on Market293
Property Features for 884 Rowley #106
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Zoning
Units
Multifamily Units
Parking per Unit
Taxes and HOA fees
Annual Taxes
Amenities
Common area pickleball/sport court and park
Picnic Area
Playground
Disposal
Range/Oven: Built-In
Dishwasher: Built-In
Building Details
Building Size
Year Built
Stories
Units
Listing Agency:
Equity Real Estate (Advantage)
(801) 917-5597
Listed By:
John Loveday
(801) 910-1893
Source:
Majestyrealestategroup
Added: Jan 22
Changed: Nov 8
Last Checked: Nov 9 at 8:29PM
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 Equity Real Estate (Advantage)
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Investment Insights
Based on property information with market context.
This 14-unit rental townhome offering totals 19,600 square feet and was built in 2026. Residences feature quartz waterfall countertops, modern cabinetry, high-efficiency HVAC, Google Fiber, ample windows, and individual tandem two-car garages. The property is zoned Multi-Family.
Shared amenities include a pickleball and sport court, park, picnic area, and playground. The Millcreek location is described as close to ski resorts, downtown Salt Lake, schools, and shopping.
Shared amenities include a pickleball and sport court, park, picnic area, and playground. The Millcreek location is described as close to ski resorts, downtown Salt Lake, schools, and shopping.
Key Highlights
- 14 rental townhomes totaling 19,600 square feet
- Built in 2026
- Each home has a tandem two‑car garage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$242,814
Cap Rate
3.61%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,856,280
$4.9M
Cap Rate 7%
$3,468,771
$3.5M
Cap Rate 9%
$2,697,933
$2.7M
Market Conditions
NOI Build-Up for 19,600 SF
Gross rent
$465.7K $23.76/SF
− Vacancy
−$24.2K −$1.24/SF
EGI
$441.5K $22.52/SF
− OpEx
−$198.7K −$10.14/SF
NOI
$242.8K $12.39/SF
Area
Salt Lake County, UT
Vacancy
5.20%
Lease Rate
$23.76 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,856,280
Cap Rate 7%
$3,468,771
Cap Rate 9%
$2,697,933
Alternative Uses
Best Use
Apartment 5plus
$3.47M
$3.04M – $4.05M
NOI $242,814 @ 7.0% cap · market cap 3.61%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$5.28M
$4.62M – $6.16M
NOI $369,637 @ 7.0% cap · market cap 5.50%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
14
Residential units
Location Intelligence
Trade Area within ½ mile
2,228
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
$426,000
Median Home Value
Market
Average Price Trend$/SF for Apartment buildings in Salt Lake County, UT
Properties on Market for Apartment buildings in Salt Lake County
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - Newly built rental homes feature private tandem garages, upgraded interiors, and access to shared recreation areas.
Where is this apartment building located?
The property is located at 884 Rowley #106 Millcreek, UT.
What is the asking price?
The asking price for this property is $6,719,000.
What are key features of this property?
This property features: 14 rental townhomes totaling 19,600 square feet; Built in 2026; Each home has a tandem two‑car garage
