PROPERTY DETAILS
About This Property
This home for sale at 427 E 1ST AVE Salt Lake City, UT 84103 has been listed at $935,000 and has been on the market for 129 days.
Full Description
Seller is open to offering flexible seller financing options with a strong down payment. Willing to negotiate a rate that works for both parties-creating a win-win opportunity for the right buyer. Also, current studio leases end in May then go month to month. Those market rents for the area are $1200-$1325 right now. The main unit is occupied by the owner. However, market rents suggest $3300-$4300 for a 3 bedroom space in this prime location. Contact the listing agent for full details. Full of character and charm, this classic craftsman-style triplex sits in the heart of the Avenues, one of Salt Lake Citys most sought-after neighborhoods. A fantastic investment opportunity, this legal triplex features separate electric meters, a detached two-car garage, and several recent upgrades, including a new HVAC system (2023), a new main waterline (2024), and new carpet in the main unit (2024). Whether youre an owner-occupant or an investor, this property offers consistent rental demand with its proximity to the University of Utah and downtown. Enjoy nearby historic charm, scenic trails, and some of the citys best dining just minutes away. With the option to convert back into a single-family home, the possibilities are endless. Dont miss this rare opportunity to own a piece of Salt Lake Citys history in an unbeatable location.
Property Highlights
- However, market rents suggest $3300-$4300 for a 3 bedroom space in this prime location.
- A fantastic investment opportunity, this legal triplex features separate electric meters, a detached two-car garage, and several recent upgrades, including a new HVAC system (2023), a new main waterline (2024), and new carpet in the main unit (2024).
- Spacious home with 5 bedrooms. Perfect for a growing family.
- Generous living space with 3,872 square feet. Plenty of room for everyone.
- 2 car garage with plenty of storage space. Ideal for vehicle enthusiasts.
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General Information
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Price
$935,000 24.0k
-
Days on Market
129
-
Area
Salt Lake City: Avenues Area
-
Total Bedrooms
5
-
Total Bathrooms
4
-
House Size
3872 Sq Ft
-
Neighborhood
-
Address
427 E 1ST AVE Salt Lake City, UT 84103
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Listed By
Wiser Real Estate, LLC
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HOA
NO
-
Lot Size
0.11
-
Price/sqft
241.48
-
Year Built
1901
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MLS
2072561
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Garage
2 car garage
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Status
Active
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City
-
Term Of Sale
Cash,Conventional,FHA,VA Loan
Inclusions
- Dryer
- Range
- Range Hood
- Refrigerator
- Washer
Interior Features
- Closet: Walk-In
- Disposal
- Oven: Gas
- Range: Gas
- Range/Oven: Free Stdng.
- Dishwasher: Built-In
Exterior Features
- Balcony
- Entry (Foyer)
- Out Buildings
- Porch: Open
Building and Construction
- Roof: Asphalt
- Exterior: Balcony,Entry (Foyer),Out Buildings,Porch: Open
- Construction: Brick
- Foundation Basement:
Garage and Parking
- Garage Type: No
- Garage Spaces: 2
Land Description
- Curb & Gutter
- Fenced: Part
- Road: Paved
- Secluded Yard
- Sidewalks
Price History
Jul 15, 2025
$935,000
Price decreased:
-$24,000
$241.48/sqft
Apr 30, 2025
$959,000
Price decreased:
-$21,000
$247.68/sqft
Apr 10, 2025
$980,000
Price decreased:
-$5,000
$253.10/sqft
Mar 25, 2025
$985,000
Just Listed
$254.39/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
AVENUES
Salt Lake City, UT
Located in the AVENUES neighborhood of Salt Lake City
Nearby Schools
- Elementary: Wasatch
- High School: Bryant
- Jr High: Bryant
- High School: West
Most errands can be accomplished on foot. Good Transit is available, with 17 nearby routes: 14 bus, 3 rail, 0 other. This area very Bikeable - it's convenient to use a bike for most trips.
Other Property Info
- Area: Salt Lake City: Avenues Area
- Zoning: Single-Family, Multi-Family
- State: UT
- County: Salt Lake
- This listing is courtesy of:: David Wiser Wiser Real Estate, LLC.
Utilities
Natural Gas Connected
Electricity Connected
Sewer Connected
Water Connected
Based on information from UtahRealEstate.com as of 2025-03-25 13:52:31. 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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