This home for sale at 1169 E 200 S Salt Lake City, UT 84102 has been listed at $1,899,000 and has been on the market for 73 days.
Full Description
Nestled in the heart of Salt Lake Citys desirable Central City neighborhood, 1169 E 200 S is a 5,212 SF, well-maintained and character-rich seven-unit multifamily property offering timeless appeal, thoughtful updates, and strong tenant demand. Just minutes from the University of Utah and surrounded by walkable access to dining, shopping, and entertainment, this property presents an exceptional opportunity for investors seeking stability and upside. Originally constructed in 1924, this timeless property features two distinct structures: a front-facing building with five one-bedroom units and a rear duplex comprising a studio and a two-bedroom, one-bath residence. The rear duplex presents a unique opportunity for owner-occupants: it can be utilized as a private single-family home with exclusive access to the spacious backyard. This setup allows the owner to reside onsite while generating income from the five-unit front building-an exceptional house hacking opportunity at a larger, more lucrative scale. The property blends historic charm-such as original stained-glass windows-with modern updates that enhance tenant comfort and operational efficiency. UNIT CONFIGURATION: Rear Duplex: - Studio + 2BD/1BA - The 2-bedroom unit features a rare and desirable amenity: a large, private yard-uncommon for multifamily properties in the area. - Original stained-glass windows add unique character, while all other windows have been updated. Front 5-Unit Building: - Five distinct 1-bedroom units, each showcasing early 20th-century charm and unique layouts. Rental & Income Potential According to Rentometer, market-rate rents in the area average: Studios: $1,323 1-Bedrooms: $1,438 2-Bedrooms: $1,662 Current average rents at the property are: Studios: $995 1-Bedrooms: $1,300 2-Bedrooms: $1,795 With several units renting below market, there is clear value add potential through strategic rent adjustments and continued modernization. Additionally, the unique features of certain units- such as private yard space and historic architectural elements-offer opportunities to command premium rents.
Property Highlights
Originally constructed in 1924, this timeless property features two distinct structures: a front-facing building with five one-bedroom units and a rear duplex comprising a studio and a two-bedroom, one-bath residence.
The rear duplex presents a unique opportunity for owner-occupants: it can be utilized as a private single-family home with exclusive access to the spacious backyard.
UNIT CONFIGURATION: Rear Duplex: - Studio + 2BD/1BA - The 2-bedroom unit features a rare and desirable amenity: a large, private yard-uncommon for multifamily properties in the area.
- Original stained-glass windows add unique character, while all other windows have been updated.
Additionally, the unique features of certain units- such as private yard space and historic architectural elements-offer opportunities to command premium rents.
The home for sale at 1169 E 200 S Salt Lake City,
UT 84102 has been listed at $1,899,000 and has
been on the market for 73 days.
Nestled in the heart of Salt Lake Citys desirable Central City neighborhood, 1169 E 200 S is a 5,212 SF, well-maintained and character-rich seven-unit multifamily property offering timeless appeal, thoughtful updates, and strong tenant demand. Just minutes from the University of Utah and surrounded by walkable access to dining, shopping, and entertainment, this property presents an exceptional opportunity for investors seeking stability and upside. Originally constructed in 1924, this timeless property features two distinct structures: a front-facing building with five one-bedroom units and a rear duplex comprising a studio and a two-bedroom, one-bath residence. The rear duplex presents a unique opportunity for owner-occupants: it can be utilized as a private single-family home with exclusive access to the spacious backyard. This setup allows the owner to reside onsite while generating income from the five-unit front building-an exceptional house hacking opportunity at a larger, more lucrative scale. The property blends historic charm-such as original stained-glass windows-with modern updates that enhance tenant comfort and operational efficiency. UNIT CONFIGURATION: Rear Duplex: - Studio + 2BD/1BA - The 2-bedroom unit features a rare and desirable amenity: a large, private yard-uncommon for multifamily properties in the area. - Original stained-glass windows add unique character, while all other windows have been updated. Front 5-Unit Building: - Five distinct 1-bedroom units, each showcasing early 20th-century charm and unique layouts. Rental & Income Potential According to Rentometer, market-rate rents in the area average: Studios: $1,323 1-Bedrooms: $1,438 2-Bedrooms: $1,662 Current average rents at the property are: Studios: $995 1-Bedrooms: $1,300 2-Bedrooms: $1,795 With several units renting below market, there is clear value add potential through strategic rent adjustments and continued modernization. Additionally, the unique features of certain units- such as private yard space and historic architectural elements-offer opportunities to command premium rents.
Most 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.
This listing is courtesy of:: David A Galant Pathway Properties, LLC.
385-423-8589.
Based on information from UtahRealEstate.com as of 2025-05-17 15:43:44. 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.
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