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**PRICE IMPROVEMENT** Don't miss this rare chance to own a large 8-plex in one of Salt Lake City's 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.
| DAYS ON MARKET | 47 | LAST UPDATED | 4/24/2025 |
|---|---|---|---|
| TRACT | PLAT F | YEAR BUILT | 1973 |
| COMMUNITY | Salt Lake City; So. Salt Lake | GARAGE SPACES | 2.0 |
| COUNTY | Salt Lake | STATUS | Active |
| PROPERTY TYPE(S) | Multi Family |
| Elementary School | Bennion (M Lynn) |
|---|---|
| Jr. High School | Bryant |
| High School | East |
| PRICE HISTORY | |
| Prior to Apr 7, '25 | $2,900,000 |
|---|---|
| Apr 7, '25 - Apr 24, '25 | $2,700,000 |
| Apr 24, '25 - Today | $2,500,000 |
| ADDITIONAL DETAILS | |
| AIR | None |
|---|---|
| APPLIANCES | Disposal, Oven, Range |
| AREA | Salt Lake City; So. Salt Lake |
| CONSTRUCTION | Brick |
| GARAGE | Yes |
| HEAT | Central, Natural Gas |
| LOT | 0.27 acre(s) |
| LOT DIMENSIONS | 0.0x0.0x0.0 |
| PARKING | Covered |
| STYLE | Stories: 3 |
| SUBDIVISION | PLAT F |
| TAXES | 11645 |
| UTILITIES | Natural Gas Available, Natural Gas Connected, Electricity Connected, Sewer Connected, Water Connected |
| VIEW | Yes |
| VIEW DESCRIPTION | Mountain(s) |
| ZONING | R-2 |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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Listed with Investment Realty Advisors LLC
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