1175 S 300 E Salt Lake City, UT 84111

PROPERTY DETAILS

The home for sale at 1175 S 300 E Salt Lake City, UT 84111 has been listed at $850,000 and has been on the market for 35 days.

Exceptional opportunity in the highly desirable Liberty Wells neighborhood, just minutes from downtown Salt Lake City and Sugar House. This charming 5-plex offers immediate income with significant upside potential. Current rents are below market due to long-term tenants, all on month-to-month leases, providing flexibility for a new owner to reposition and increase returns. The property features a well-maintained main house (built in 1902) with two one-bedroom units and one studio, plus a separate building with two additional one-bedroom apartments. Each unit offers functional layouts with kitchens or kitchenettes and individual heating systems (in main home, shared in back dwelling), appealing to a wide tenant base. Recent capital improvements include a new water line from the street to the home (2025), updated main house plumbing (2025), water heater replacement for the back building (2021), and new refrigerator in Unit #3 (2022)-reducing near-term maintenance concerns. Situated in a walkable location near restaurants, shopping, and entertainment, this property combines historic character with strong rental demand. Ideal for investors seeking a value-add asset with both immediate cash flow and long-term appreciation potential. Off street parking and conveinant on street parking. Buyer and buyers agent to verify all information, including square footage. Estimated market rents (conservative Liberty Wells / Sugarhouse range): 1-bed units: ~$1,100$1,250 Studio: ~$900$1,000 Projected Stabilized Monthly Income (mid-range): (4 $1,175) + $950 = $5,650/month Projected Annual Income: $67,800 Projected NOI: $67,800 $11,448 = $56,352 Stabilized Cap Rate (at $850,000): 6.63%