Coldwell Banker Home Page
Local Realty Service Provided By: Coldwell Banker Preferred Properties
Property view
Listing view 2
Listing view 3

3910 S 1040 E, 
Millcreek, UT 84124

$2,100,000


16

Beds


8

Baths


7,376

Sq Ft


Multi-Family

Active

Listed by

Evan Clark

Marcus & Millichap Real Estate Investment Services Of Atlanta, Inc

303-328-2050

Last updated:

May 6, 2026, 11:05 AM

MLS#

2151403

Source:

SL

About This Home

3910 S 1040 E

Marcus & Millichap is pleased to present this exclusive listing of a core+ multifamily asset in Salt Lake City's Millcreek corridor, one of the region's most resilient rental submarkets. The property is being offered individually as part of a two-property, 16-unit portfolio, with the seller preferring a package sale but willing to consider individual offers. The investment thesis is straightforward: in-place cash flow paired with clearly defined upside through natural tenant turnover and ancillary income strategies. In-place rents reflect a tenured resident base, with an average tenancy of approximately two and a half years, signaling stability while presenting a mark-to-market opportunity as units turn. The asset benefits from strong demographic tailwinds driven by Utah's sustained population growth and a widening mortgage-to-rent affordability gap that continues to push would-be buyers into the rental market. Square footage figures are provided as a courtesy estimate only. Buyer is advised to obtain an independent measurement. Do not disturb tenants. Contact listing agent for financials or to schedule a tour.

Home Facts

Multi-Family

8 Baths

16 Bedrooms

Built in 1968

Price Summary

2,100,000

$284 per Sq. Ft.

MLS #:

2151403

Last Updated:

May 6, 2026, 11:05 AM

Added:

a month ago


Rooms & Interior

Bedrooms

Total Bedrooms:

16

Bathrooms

Total Bathrooms:

8

Interior

Living Area:

7,376 Sq. Ft.


Structure

Structure

Building Area:

7,376 Sq. Ft.

Year Built:

1968


Lot

Lot Size (Sq. Ft):

12,196


Finances & Disclosures

Finances

Price:

$2,100,000

Price per Sq. Ft:

$284 per Sq. Ft.

Source:SL
The information being provided by Utahrealestate.Com is for the consumer’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The information is deemed reliable but not guaranteed and should therefore be independently verified. © 2026 Utahrealestate.Com All rights reserved.

Contact an Agent

Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Contact, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If a Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby's International Realty®). I acknowledge that I have read and agree to the terms of use and privacy notice.

Contact an Agent

Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Contact, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If a Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby's International Realty®). I acknowledge that I have read and agree to the terms of use and privacy notice.