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$5,200,000
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Property Description
Well located 20-unit apartment community along Highland Drive in Holladay, one of Salt Lake County's most established and desirable residential submarkets. The property has benefited from recent capital improvements, with 13 of the 20 units renovated, providing immediate upside and strong tenant appeal. Holladay is known for its high household incomes, strong rental demand, and limited multifamily supply. The property offers excellent access to I-215, I-80, Downtown Salt Lake City, the University of Utah, Sugar House, and major employment centers, while being surrounded by mature neighborhoods, retail, dining, and everyday services. Renovated units feature updated interiors that attract long-term tenants, while the remaining units offer a clear path for continued renovations and future rent growth. The property's visibility along Highland Drive, combined with the strength of the Holladay market, supports durable cash flow and long-term appreciation. A compelling opportunity for investors seeking a core-plus / value-add multifamily asset in a high-barrier, supply-constrained Salt Lake County location.
Full Property Details
Full Property Details for 4109 S Highland Dr
General
- Price: $5,200,000
- Taxes: $21,859
- Status: Active
- Type: Multi-Family
- Source: WFR
- MLS ID: 2126802
- Updated: 12/16/2025
- Added to Site: 35 day(s) ago
Rooms
Bathrooms
- Total Bathrooms: 32
Bedrooms
- Total Bedrooms: 36
Parking
- Parking Features: Covered, Parking: Uncovered
Location
- Area: Holladay; Millcreek
- County: Salt Lake
- Cross Streets: 1700
School Information
- Elem School District: Granite
- Midd School District: Granite
- High School District: Granite
- Elementary School: Crestview
- Middle School: Wasatch
- High School: Olympus
Heating & Cooling
- Heating Type: Gas: Central
Utilities
- Sewer: Sewer: Connected
- Utility Description: Natural Gas Connected, Electricity Connected, Sewer Connected, Water Connected
Structural Information
- Architectural Style: Stories: 2
- Roof: Asphalt
- Square Feet: 17,754
- Living Area: 17,754 Sq. Ft.
- Current Bldg. Use: Residential
- Year Built: 2000
- Property Condition: Blt./Standing
Lot Features
- Lot Size (Acres): 1.06
- Lot Size (Sq. Ft.): 46,173.6
- Lot Size: 1.06
- Zoning: RM
Financial Considerations
- Tax Amount: $21,859
Disclosures and Reports
- Property ID: 22-04-201-032
Listed by Newmark Mountain West
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Schools
Schools serving 4109 S Highland Dr
School District:Granite School District
| Name | Grades | Distance |
|---|---|---|
Crestview School, Salt Lake City, UT 2100 E Lincoln Lane, Salt Lake City, UT 84124 | K-5 | 0.7 mi |
Olympus Jr High School 2217 E 4800 S, Salt Lake City, UT 84117 | 6-8 | 1.2 mi |
Olympus High School 4055 S 2300 E, Salt Lake City, UT 84124 | 9-12 | 1 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 4109 S Highland Dr
Date
Details
Price
Change
Source
12/13/2025
Listed
$5,200,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 4109 S Highland Dr
Year
Property Taxes
Change
Tax Assessment
Change
2024
$21,589
3%
$4,091,800
7%
2024
$21,042
-6%
$3,808,700
-3%
2023
$22,308
—
$3,934,500
-1%
2022
$22,366
16%
$3,964,200
34%
2021
$19,273
7%
$2,967,200
8%
2020
$18,072
28%
$2,745,400
139%
2019
$14,069
23%
$1,150,160
-44%
2017
$11,392
—
$2,047,500
18%
2017
$11,392
6%
$1,729,300
5%
2016
$10,761
-16%
$1,642,700
-10%
2015
$12,758
-6%
$1,816,800
-5%
2014
$13,618
17%
$1,908,200
21%
2013
$11,686
—
$1,576,700
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 4109 S Highland Dr
4109 S Highland Dr, Holladay, UT 84124 (MLS# 2126802) is a Multi-Family property with 20 units containing 36 bedrooms and 0 full bathrooms. 4109 S Highland Dr is currently listed for $5,200,000 and was received on December 13, 2025. Want to learn more about 4109 S Highland Dr? Do you have questions about finding other Multi-Family real estate for sale in Holladay? You can browse all Holladay real estate or contact a Coldwell Banker agent to request more information.

