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Investment Properties for Sale in South Salt Lake, Utah
South Salt Lake sits in a sweet spot for rental investors: it's a small, 7-square-mile city wedged between downtown Salt Lake, Millcreek, and West Valley, with direct access to I-15, I-80, and the S-Line streetcar that runs through the Central Pointe TRAX station. Rents have climbed steadily as renters get priced out of Sugar House and the Avenues, and South Salt Lake still has older 1940s–1970s brick bungalows, duplexes, fourplexes, and small apartment buildings that pencil better than most other Salt Lake County submarkets. Zoning is also unusually flexible — large stretches along State Street, 3300 South, and the Downtown South Salt Lake area allow mixed-use and higher-density redevelopment, which is why you'll see a steady churn of teardown and ADU activity here.
Cash-flow math works because entry prices on small multifamily typically land well below comparable buildings in Salt Lake proper, while tenant demand stays strong thanks to proximity to the U of U, Westminster, the downtown job core, and the growing tech and medical employers along the Wasatch Front. Property taxes run roughly 0.55–0.65% of assessed value, and Utah remains a landlord-friendly state with relatively fast eviction timelines. The listings here span single-family rentals near Granite High, duplexes off 500 East, older fourplexes near Columbus Center, and the occasional small commercial-residential mixed-use parcel. Browse the active listings below to see what's currently on the market.
June 2026 · South Salt Lake market
Live from the Utah MLS — what's actually happening in South Salt Lake right now.
Median sale
$513,250
10 closed in June 2026
Median DOM
2 days
listing → contract
Sale-to-list
99.0%
of final list price
Unsold inventory
53
active + pending
22 matching · page 1 of 1
Active listings
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Common questions
About investment properties in South Salt Lake.
What kinds of investment properties are common in South Salt Lake? ▾
The inventory leans toward older single-family rentals, duplexes, triplexes, and fourplexes built between roughly 1945 and 1980. You'll also see small apartment buildings (8–24 units) along State Street and 3300 South, plus redevelopment parcels in the Downtown South Salt Lake overlay zone where higher-density mixed-use is allowed.
What rents can I expect in South Salt Lake? ▾
As of recent market data, single-family rentals typically pull $1,800–$2,400/month, two-bed units in duplexes and fourplexes run $1,300–$1,700, and renovated one-beds land around $1,100–$1,400. Proximity to the S-Line streetcar and Central Pointe TRAX commands a premium.
Is South Salt Lake landlord-friendly? ▾
Utah overall is one of the more landlord-friendly states — no rent control, no statewide just-cause eviction, and a relatively quick unlawful detainer process (often 3–4 weeks). South Salt Lake itself requires a business license for rentals and runs a Good Landlord Program that offers a license fee discount in exchange for tenant screening standards.
Are short-term rentals (Airbnb) allowed? ▾
South Salt Lake restricts short-term rentals fairly tightly — most STRs require the property to be an owner-occupied primary residence, and non-owner-occupied nightly rentals are generally not permitted. Investors here build their numbers around long-term leases, not nightly stays.
What about ADUs and adding units to existing properties? ▾
South Salt Lake allows internal and detached ADUs in most residential zones, subject to lot size, parking, and owner-occupancy rules. For investors, the bigger play is often in the mixed-use corridors where R-M and TSA zoning permit substantial density increases on State Street, 3300 South, and near the S-Line.
How do property taxes and insurance affect cash flow here? ▾
Salt Lake County property taxes on non-primary residences are assessed at the full rate (no 45% primary-residence exemption), so investors pay roughly 1.0–1.2% of assessed value annually instead of the ~0.6% an owner-occupant pays. Build that into your underwriting — it's the single biggest line item that catches out-of-state buyers off guard.