Apartment Acquisitions · Sandy
Sell Your Commercial Property In Sandy, UT
Own a commercial apartment building of five or more units in Sandy? We purchase multifamily properties around Historic Sandy, Sandy Civic Center, and the rest of Salt Lake County, and we review every deal against a clear buy box.
- Clear feedback on your deal, typically within 48 hours
- 5 to 100+ units, stabilized or distressed, listed or off-market
- Owners, agents, and brokers welcome — every conversation is confidential
We buy:Tired landlordsEstate & trust sales1031 exchangesDeferred maintenanceHigh vacancyPartnership splits
Where We Look: Historic Sandy · Sandy Civic Center · Granite · Draper — Salt Lake County, UT
Market Snapshot
Renter Demand In Sandy
Sandy, Utah is a Salt Lake County suburb of 94,291 residents where renters hold 24.8% of households and median gross rent is $1,777 a month (ACS 2020-2024). Owners who want to sell commercial property in Sandy, UT face 6,049 homes in 5+ unit buildings, a median year built of 1985, and a 2025 property tax rate of 0.9333% in tax area AAT. This profile gathers the Census, HUD, and Utah statute data an apartment owner needs before talking to a buyer. Skyline Capital Investments buys 5+ unit apartment buildings in Sandy and across Salt Lake County.
Canyons School District
Canyons School District, which serves Sandy, enrolled 32,289 students on October 1, 2024, per its 2024-25 financial report.Intermountain Alta View Hospital
Alta View Hospital, at 9660 South 1300 East, serves Sandy, Draper, Cottonwood Heights, White City and Midvale.The Cairns city center
Sandy City adopted a 25-year master plan for The Cairns, its planned city center, in January 2017.Our Buy Box
What We Buy In Sandy
Asset Type
Multifamily, 5+ Units
Apartment buildings and income-producing residential.
Size
5 – 100+ Units
Sweet spot: 15–25 units.
Condition
Stabilized To Distressed
Value-add, mismanaged, and high-vacancy properties welcome.
Deal Types
Listed Or Off-Market
Direct-to-owner, pocket listings, portfolios.
Local Market Data
Sandy Apartment Market
Figures gathered October 2026 from public market data.
Who rents in Sandy, UT
Renters occupy 24.8% of Sandy households, or 8,313 renter households, per ACS 2020-2024 tenure data. Utah overall stands at 29.8% and Salt Lake County at 33.9%.
Buildings with 5 or more units hold 6,049 Sandy homes, 17.4% of 34,790 housing units, per ACS table B25024. Another 42.0% of Sandy homes predate 1980 (B25034).
Sandy rents and affordability
Sandy's median gross rent is $1,777 a month, above Utah's $1,496 and Salt Lake County's $1,592 (ACS 2020-2024). Median household income in Sandy is $112,176, and 44.0% of Sandy renters spend 30% or more of income on rent (B25070).
HUD's FY2027 fair market rents for Salt Lake County, below, are the benchmark buyers see. Owners ready to sell commercial real estate in Sandy, UT can set their own rents against them.
| Unit type | HUD FY2027 FMR |
|---|---|
| Efficiency | $1,202 |
| One-bedroom | $1,349 |
| Two-bedroom | $1,615 |
| Three-bedroom | $2,143 |
| Four-bedroom | $2,439 |
Property taxes in Salt Lake County
Sandy tax area AAT carried a 2025 total rate of 0.009333, or $9.33 per $1,000 of taxable value, per the Salt Lake County 2025 tax rate file. Utah taxes property on fair market value as of January 1 under Utah Code 59-2-103.
On a $2,000,000 apartment building, that rate yields $18,666 a year with no reduction. The 45% residential reduction applies to each property that is a tenant's primary residence under 59-2-103(6)(b)(ii), cutting taxable value to $1,100,000 and tax to $10,266. An owner planning to sell commercial property in Sandy, UT can show a buyer both figures.
Sandy City's own levy is 0.001049, or $2,098 on $2,000,000. Valuation appeals are due by the later of September 15 or 45 days after the notice (Utah Code 59-2-1004).
Utah landlord rules for Sandy buildings
- Sandy may not control rents on private residential property without express Legislature approval (Utah Code 57-20-1).
- Owners must return the deposit balance with an itemized list of deductions within 30 days after the renter vacates (Utah Code 57-17-3).
- A tenant who stays three business days after a written pay-or-quit notice is in unlawful detainer (Utah Code 78B-6-802).
What it means for a Sandy owner
A Sandy building with 5 or more units sits among just 17.4% of local homes, in a market where rents run above the Utah median.
An owner who wants to sell commercial property in Sandy, UT should start with the rent roll and tax bill. Anyone ready to sell your apartment building in Sandy can run numbers in our cap rate calculator, then see how Skyline Capital Investments buys 5+ unit apartment buildings. Owners who sell commercial real estate in Sandy, UT can reach our team through that page.
Local Knowledge
Sandy Seller Checklist
More about selling in Utah →Investing in Sandy? See apartment syndications in Sandy →
- Sandy has 6,049 homes in 5+ unit buildings, 17.4% of units, per ACS 2020-2024.
- Selling commercial property in Sandy starts with a rent roll set against HUD's FY2027 county fair market rents.
- Run the 2025 tax rate of 0.009333 both with and without the 45% tenant residence reduction.
Seller Guides
Selling A Building In Sandy
Learn More
Taxes & Rules For Sandy Property
The Utah rules that shape any deal in Sandy: what a sale costs in tax, how buildings are taxed, what landlords must follow, and how to defer gains.
Sandy Seller FAQ
How much is property tax on a $2 million apartment building in Sandy, UT?
At the 2025 Salt Lake County rate of 0.009333 for Sandy tax area AAT, a $2,000,000 building owes $18,666 with no reduction. With the 45% residential reduction for tenants' primary residences, taxable value is $1,100,000 and tax is $10,266.
How do I sell commercial property in Sandy, UT if the building is older?
Sandy's median year built is 1985, and 42.0% of homes predate 1980 (ACS 2020-2024). An older building competes with a large share of similar stock, so a clear rent roll and current tax bill help a buyer underwrite it.
What happens to tenants when I sell commercial real estate in Sandy, UT?
Sandy cannot impose rent control without Legislature approval (Utah Code 57-20-1). Deposit balances and itemized deductions are due within 30 days after a renter vacates (57-17-3). Tenants in place keep those protections through a sale.
Does Utah's 45% residential reduction apply to rental apartments?
Yes for a tenant's primary residence. Utah Code 59-2-103(6)(b)(ii) allows the 45% reduction for each residential property that is the primary residence of a tenant. Appeals of valuation are due by the later of September 15 or 45 days after notice.
What do buyers look at when you sell multifamily property in Sandy?
Buyers compare rents to the market. Sandy's median gross rent is $1,777 against $1,496 for Utah, and 44.0% of Sandy renters spend 30% or more of income on rent (ACS 2020-2024). Rent roll and age of the building follow.
Do I need to fix up my Sandy building before selling?
No. We price in deferred maintenance, vacancy, and below-market rents ourselves, so you can sell the property as it stands.
Do you work with Sandy brokers and agents?
We do. Agents can bring us listed or pocket-listing deals in Sandy, and we keep every conversation confidential.
Is it possible to sell rental property in Sandy without evicting tenants?
It is. We buy apartment buildings occupied, and tenants stay on their current leases. Skyline Capital Investments is a commercial real estate buyer of 5+ unit buildings, so occupied properties are the norm for us.
What do I need to sell my apartment building in Sandy?
An address and unit count are enough to start. A current rent roll and trailing twelve-month statement let us move to a written offer faster.
Submit A Deal
Get An Offer Review In Sandy
Send the address, unit count, and asking price if you have one. We keep every conversation confidential.
