61% of Utah Homeowners Face Surprise Tax

53% Chance of September Rate Cut; Salt Lake City 8 Unit Listed for $156k/Unit

Author

David Robinson
July 16, 2025

> Featured Listings

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Located just minutes from Down Town Salt Lake City. This 8 plex is currently 100% leased with section 8 Mod Rehab with Housing. The building is sold as-is. Rents currently sitting at 900/unit.

Great location in the heart of Spanish Fork. Vintage brick 6plex. Rents are 4 @ 985, 2 @ 925. Great value-add opportunity.

Investment Opportunity – The Royal Inn Don't miss this rare opportunity to own a 24-room motel located in a growing and increasingly popular area of town. This well-maintained property offers strong current income with significant upside potential as the surrounding community continues to expand. With high occupancy this property is already a solid performer. There's ample room for revenue growth as updates and enhancements are made to the guest rooms and amenities. Whether you're a seasoned investor or new to hospitality, the Royal Inn offers a stable cash flow and the chance to increase returns through strategic improvements.

I personally work with a limited number of serious buyers to acquire 4-50 unit multifamily properties in Utah—sourced through my private pipeline of pre-market and off-market deals.
These opportunities come from years of direct-to-owner outreach, long-standing broker relationships, and my private network of over 4,000 investors. Click the button above to learn more.

Great opportunity to own a legal triplex in the heart of the Salt Lake Valley. Close to freeway access, Sugarhouse, and Millcreek Commons, this triplex is always in demand. Priced $51,000 under a recent appraisal, has a newer roof, hardwood floors, and with just a little sweat equity this place will really shine. Sitting on a large quarter acre lot, this triplex offers three, 1-bed/1-bath residences, ample off street parking, shared laundry facilities, and separate gas and electric meters, this is an opportunity you don't want to miss.

Canovo Group may not be the listing brokerage for the above properties. The information provided is not guaranteed and should not be relied upon to make investment decisions. Buyers should complete their own analysis and due diligence before making any investment.

> Sold Multi-Unit Listings

> Utah Market Data

Multi-Unit (2+ Units) Data

Snapshot of July 16, 2024 compared to 2025

  • The number of active multi-unit listings on 7/16/2025 is up 29% compared to 2024.

  • The number of under contract multi-unit listings on 7/16/2025 is down 3.4% compared to 2024

Single Family Data

Snapshot of July 16, 2024 compared to 2025

  • The number of active single family listings on 7/16/2025 is up 30% compared to 2024.

  • The number of under contract single family listings on 7/16/2025 is up 2.1% compared to 2024

> Rates & Financing

Mortgage Rates as of 7/16/2025

> Headlines & Insights

Utah Headlines

A new report shows that 61.2% of Utah homeowners may face capital gains taxes if they sell, thanks to outdated IRS exclusions that haven’t been adjusted since 1997—even as Utah home prices have soared.

Main takeaways:

  • Over 60% of Utah homeowners have gains exceeding the $250,000 federal exclusion for individuals, while 16.1% exceed the $500,000 threshold for couples—triggering federal and state tax liabilities.

  • Utah’s flat 4.5% capital gains tax on top of federal taxes can cut tens of thousands from seller profits, especially in hot markets like Salt Lake City, Provo, and St. George.

  • With more owners staying put to avoid taxes, housing inventory remains tight—a dynamic known as the "stay-put penalty."

National Headlines

September Cut Now Likely – Over half of traders now expect the Fed to cut rates at its September 17 meeting. According to the CME FedWatch Tool, there’s a 54.3% chance of a 0.25% rate cut, while 44.3% expect no change. Falling inflation and tariff uncertainty are shifting expectations.

Price Drops Hit Hard – Nearly one-third of the 100 biggest U.S. housing markets are seeing home prices fall, as higher mortgage rates and growing inventory cool demand. Prices are dropping fastest in places like Cape Coral, Austin, and several California cities, while the Northeast and Midwest still show gains.

Rents Hold, Outlook Cools – Despite economic uncertainty and new tariffs, U.S. rent growth is projected to hit 2.3% over the next year, with San Jose and Pittsburgh leading gains. Supply is slowing, but over 100,000 new apartments are still coming in just five major markets, including New York and Phoenix.

David Robinson

Principal Broker/Owner

Whenever you’re ready, here are a few ways I can help you:

1. Access David’s Private Deal Flow: Get access to my private pipeline of pre-market and off-market multi-unit deals.

2. Free Property Valuation: Thinking about selling or exchanging or refinancing? Request a Free Property Valuation.

3. Free 15-Minute Strategy Call: Whether you're a new or experienced investor, this quick call is a chance to talk through your goals, learn more about our services, explore investment options, or get feedback on a current property or project.