$1,999,000

100% VACANT | MAJOR INFRASTRUCTURE UPGRADES | VALUE-ADD OPPORTUNITY | FORMER LICENSED RECOVERY RESIDENCE Exceptional opportunity to acquire The George, a historic 14-unit brick apartment building in Salt Lake City's desirable Central City neighborhood. Offering approximately 11,564 square feet, the property features ten one-bedroom and four two-bedroom apartments, each with… Read More its own private kitchen and bathroom. SUBSTANTIAL CAPITAL IMPROVEMENTS ALREADY COMPLETED. The current nonprofit owner has invested significantly in the property's core infrastructure, including comprehensive electrical and plumbing upgrades, a modernized boiler heating system, tankless water heaters supported by a high-capacity hot water storage system, and building-wide fire suppression and monitoring systems. Interior improvements include updated flooring, carpeting, and paint. The apartments retain their historic character and practical, industrial-style finishes, including exposed conduit and mechanical piping. This presents an opportunity for investors to enhance the interiors while benefiting from substantial existing infrastructure improvements. IMMEDIATE ACCESS FOR RENOVATION OR LEASE-UP. All 14 apartments are vacant, allowing a purchaser to implement improvements, establish new market-rate leases, or pursue another permitted residential use without coordinating around existing tenants. ESTABLISHED RECOVERY-HOUSING HISTORY. The property previously operated as a recovery residence licensed through the Utah Department of Health and Human Services. The owner voluntarily relocated its recovery-housing operations in preparation for the property sale. The building's established residential configuration, upgraded mechanical systems, and fire protection infrastructure may also appeal to organizations seeking recovery housing, transitional housing, or other specialized residential facilities. Any new operation is subject to applicable approvals and licensing. INVESTMENT HIGHLIGHTS 14 self-contained apartments - 10 one-bedroom and 4 two-bedroom units Approximately 11,564 square feet on a 0.22-acre parcel Attractive acquisition basis of approximately $142,786 per apartment Major electrical, plumbing, heating, and life-safety upgrades Modernized boiler and high-capacity domestic hot water system Updated flooring, carpet, and interior paint Entire building vacant and available for immediate buyer planning Central City location near downtown employment, dining, shopping, and public transportation Opportunity for conventional multifamily leasing or specialized residential operation INVESTOR FINANCIAL PACKAGE AVAILABLE. Seller-prepared financial materials include historical operating expenses, documented recovery-residence operating history, nearby rental comparables, and a market-rent-based stabilized income projection. The George offers investors an opportunity to acquire a distinctive historic multifamily property with significant infrastructure improvements already in place and the flexibility to pursue their own leasing and improvement strategy. Read Less

Courtesy of Michael Lund, Realtypath LLC (Preferred) 801-386-5908

Listing Snapshot

Days Online

158

Last Updated

Nov 11, 2026

Property Type

> 4 Units

Beds

Square Ft.

11,564

Lot Size

0.22 Acres

Year Built

1913

MLS Number

2163456

Additional Details

Building

Built in 1913, Built in 1991 (effective), Living area: 11564.0, Living area units: Square Feet, Construction Materials: Brick

Disclosures

Exterior Features

Patio/Porch Features: Covered, Patio: Covered

Floors

Carpet, Hardwood

Heating

Steam

Lot

0.22 acres, Dimensions: 0.0x0.0x0.0, Landscaping: Full

Parking

6 carport spaces, 6 covered spaces, 3 open parking spaces, 9 total parking spaces

Property

Blt./Standing

Roof

Asphalt

Sewer

Sewer: Connected, Sewer: Public

Taxes

Parcel Number: 16-05-153-009, Annual Amount: $14,400, Zoning: Multi-Family, Zoning description: RMF 45

Utilities

Natural Gas Connected, Electricity Connected, Sewer Connected, Sewer: Public, Water Connected, Water Source: Culinary

Windows

Shades

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