PROPERTY DETAILS
About This Property
This home for sale at 1162 E 400 S Salt Lake City, UT 84102 has been listed at $2,300,000 and has been on the market for 269 days.
Full Description
**PRICE IMPROVEMENT** Dont miss this rare chance to own a large 8-plex in one of Salt Lake Citys most desirable rental markets! Ideally located within 5 minutes walking distance to the University of Utah, near public transit, and downtown Salt Lake City, this property offers an unbeatable location for tenants. Each of the eight units boasts a spacious 1,100 sq. ft. layout featuring 2 bedrooms and 1 bathroom. With cosmetic renovation potential, there is a great opportunity to increase rents and maximize returns. No Seller Financing Available. Prior owner rented to students by the bed with four beds per two bedroom up to 32 beds. A buyer could explore going back to this option, and may be able to get around $600/bed x 32 = $19,200/mo x 12 = $230,400/yr. This option is not guaranteed but may be something to look into. Currently the units are rented individually, some by the room. All measurements are provided as a courtesy. Buyer to verify all information independently. Owner/Agent.
Property Highlights
- Ideally located within 5 minutes walking distance to the University of Utah, near public transit, and downtown Salt Lake City, this property offers an unbeatable location for tenants. .
- **PRICE IMPROVEMENT** Dont miss this rare chance to own a large 8-plex in one of Salt Lake Citys most desirable rental markets!
- Each of the eight units boasts a spacious 1,100 square feet layout featuring 2 bedrooms and 1 bathroom. .
- Prior owner rented to students by the bed with four beds per two bedroom up to 32 beds. .
- Currently the units are rented individually, some by the room. .
- 2 bedroom, 1 bathroom home with thoughtful layout
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General Information
-
Price
$2,300,000 200.0k
-
Days on Market
269
-
Area
Salt Lake City; So. Salt Lake
-
Total Bedrooms
16
-
Total Bathrooms
8
-
House Size
9563 Sq Ft
-
Neighborhood
-
Address
1162 E 400 S Salt Lake City, UT 84102
-
Listed By
Investment Realty Advisors LLC
-
HOA
NO
-
Lot Size
0.27
-
Price/sqft
240.51
-
Year Built
1973
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MLS
2071896
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Garage
2 car garage
-
Status
Active
-
City
-
Term Of Sale
Cash,Conventional,Exchange
Inclusions
- Microwave
- Range
- Refrigerator
Interior Features
- Disposal
- Range/Oven: Free Stdng.
Building and Construction
- Roof: Membrane
- Exterior:
- Construction: Brick
- Foundation Basement:
Garage and Parking
- Garage Type: No
- Garage Spaces: 2
- Carport: 1
Land Description
- Sidewalks
- Sprinkler: Auto-Full
- Terrain
- Flat
- View: Mountain
Price History
May 14, 2025
$2,300,000
Price decreased:
-$200,000
$240.51/sqft
Apr 24, 2025
$2,500,000
Price decreased:
-$200,000
$261.42/sqft
Apr 07, 2025
$2,700,000
Price decreased:
-$200,000
$282.34/sqft
Mar 21, 2025
$2,900,000
Just Listed
$303.25/sqft
Mortgage Calculator
Estimated Monthly Payment
$0
Principal & Interest
$0
Property Tax (est)
$0
Home Insurance
$0
Loan Amount:
$0
Total Interest Paid:
$0
Total Amount Paid:
$0
Neighborhood Information
PLAT F
Salt Lake City, UT
Located in the PLAT F neighborhood of Salt Lake City
Nearby Schools
- Elementary: Bennion (M Lynn)
- High School: Bryant
- Jr High: Bryant
- High School: East
Some errands can be accomplished on foot. Good Transit is available, with 15 nearby routes: 14 bus, 1 rail, 0 other. This area very Bikeable - it's convenient to use a bike for most trips.
Other Property Info
- Area: Salt Lake City; So. Salt Lake
- Zoning: Multi-Family
- State: UT
- County: Salt Lake
- This listing is courtesy of:: Joseph Mills Investment Realty Advisors LLC.
435-485-7070.
Utilities
Natural Gas Connected
Electricity Connected
Sewer Connected
Water Connected
Based on information from UtahRealEstate.com as of 2025-03-21 11:13:02. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or the MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. IDX information is provided exclusively for consumers’ personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Housing Act and Utah Fair Housing Act, which Acts make it illegal to make or publish any advertisement that indicates any preference, limitation, or discrimination based on race, color, religion, sex, handicap, family status, or national origin.
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