Date
Details
Price
Change
Source
4/17/2026
Listed
$2,100,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
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Property Description
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.
Full Property Details
Full Property Details for 3910 S 1040 E
General
- Price: $2,100,000
- Taxes: $12,803
- Status: Under Contract
- Type: Multi-Family
- Source: WFR
- MLS ID: 2151403
- Updated: 5/8/2026
- Added to Site: 38 day(s) ago
Rooms
Bathrooms
- Total Bathrooms: 8
Bedrooms
- Total Bedrooms: 16
Parking
- Carports: Yes
- Carport Spaces: 8
- Covered Spaces: 8
- Total Spaces: 12
Location
- Area: Holladay; Millcreek
- County: Salt Lake
- Subdivision: PLAT A
- Cross Streets: 1040
School Information
- Elem School District: Granite
- Midd School District: Granite
- High School District: Granite
- Elementary School: James E. Moss
- Middle School: Bonneville
- High School: Cottonwood
Structural Information
- Architectural Style: Stories: 2
- Square Feet: 7,376
- Living Area: 7,376 Sq. Ft.
- Current Bldg. Use: Residential
- Year Built: 1968
- Property Condition: Blt./Standing
Lot Features
- Lot Size (Acres): 0.28
- Lot Size (Sq. Ft.): 12,196.8
- Lot Size: .28
- Zoning: RM
Financial Considerations
- Tax Amount: $12,803
Disclosures and Reports
- Property ID: 16-32-451-009
Listed by Marcus & Millichap Real Estate Investment Services of Atlanta, INC
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Listing agent
— 3910 S 1040 E —
Marcus & Millichap Real Estate Investment Services of Atlanta, INC
303-328-2050
NMLS#: 1598647Get Pre-Approved Today
Schools
Schools serving 3910 S 1040 E
School District:Granite School District
| Name | Grades | Distance |
|---|---|---|
Spring Lane School 5315 S 1700 E, Salt Lake City, UT 84117 | PK-5 | 2.5 mi |
Bonneville Jr High School 5330 S 1660 E, Salt Lake City, UT 84117 | 6-8 | 2.4 mi |
Cottonwood High School 5715 S 1300 E, Salt Lake City, UT 84121 | 9-12 | 2.8 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 3910 S 1040 E
Tax History
Tax History for 3910 S 1040 E
Year
Property Taxes
Change
Tax Assessment
Change
2024
$12,677
—
$2,021,000
—
2024
$12,677
5%
$2,029,700
8%
2023
$12,121
31%
$1,873,300
31%
2022
$9,222
7%
$1,432,700
23%
2021
$8,635
3%
$1,163,100
9%
2020
$8,396
6%
$1,067,500
98%
2019
$7,899
26%
$539,550
-38%
2017
$6,266
—
$873,900
11%
2017
$6,266
12%
$785,200
11%
2016
$5,577
-2%
$705,500
5%
2015
$5,683
-7%
$672,900
-5%
2014
$6,111
18%
$707,800
22%
2013
$5,193
—
$580,300
—
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 3910 S 1040 E
3910 S 1040 E, Millcreek, UT 84124 (MLS# 2151403) is a Multi-Family property with 8 units containing 16 bedrooms and 0 full bathrooms. 3910 S 1040 E is currently listed for $2,100,000 and was received on April 17, 2026. Want to learn more about 3910 S 1040 E? Do you have questions about finding other Multi-Family real estate for sale in Millcreek? You can browse all Millcreek real estate or contact a Coldwell Banker agent to request more information.