Multi-Family Homes for Sale in Salt Lake City, Utah

On the Salt Lake MLS, multi-family typically means duplexes, triplexes, and fourplexes — two to four units on one parcel under a single deed. Anything five units and up is treated as commercial and listed separately. Most of what trades in the city sits in the duplex and fourplex range, often older homes converted decades ago.

Central City, Liberty Wells, Ballpark, Poplar Grove, Rose Park, and the blocks around the University of Utah see the most multi-family inventory. Sugar House and 9th & 9th have some too, but prices there run noticeably higher. The Avenues has a handful of legacy duplexes carved out of larger Victorian homes.

Yes — owner-occupied two-to-four unit properties qualify for FHA financing with as little as 3.5% down, and rental income from the other units can often help you qualify. VA loans work similarly for eligible buyers with zero down. This is the most common path first-time house-hackers use in Salt Lake.

As of recent market data, two-bedroom units in the central neighborhoods generally rent in the $1,400–$1,800 range, with newer or remodeled units pushing higher. Proximity to downtown, TRAX lines, and the U drives the strongest rent growth. Older fourplexes with original kitchens tend to lag the market until updated.

Salt Lake City has been actively rezoning to encourage more housing, but legal unit counts still matter — some properties advertised as duplexes were never permitted as such. Always pull the certificate of occupancy or check with SLC Planning before closing. ADUs are now allowed in most residential zones, which can add a unit to a single-family purchase.

Small multi-family in Salt Lake moves slower than single-family because the buyer pool is narrower — mostly investors and house-hackers. Well-priced, cash-flowing properties in Liberty Wells or 9th & 9th still see multiple offers, while dated fourplexes can sit for 60+ days. Cap rates in the city generally land in the 5–6% range.