1162 E 400 S, Salt Lake City, UT 84102
Local realty services provided by:ERA Realty Center
1162 E 400 S,Salt Lake City, UT 84102
$2,300,000
- 16 Beds
- 8 Baths
- 9,563 sq. ft.
- Multi-family
- Active
Listed by:joseph mills
Office:investment realty advisors llc.
MLS#:2071896
Source:SL
Price summary
- Price:$2,300,000
- Price per sq. ft.:$240.51
About this home
**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.
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Home facts
- Year built:1973
- Listing ID #:2071896
- Added:191 day(s) ago
- Updated:September 29, 2025 at 11:02 AM
Rooms and interior
- Bedrooms:16
- Total bathrooms:8
- Living area:9,563 sq. ft.
Heating and cooling
- Heating:Gas: Central
Structure and exterior
- Roof:Membrane
- Year built:1973
- Building area:9,563 sq. ft.
- Lot area:0.27 Acres
Schools
- High school:East
- Middle school:Bryant
- Elementary school:Bennion (M Lynn)
Utilities
- Water:Water Connected
- Sewer:Sewer Connected, Sewer: Connected
Finances and disclosures
- Price:$2,300,000
- Price per sq. ft.:$240.51
- Tax amount:$11,645
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