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$ 1,899,000
Est. payment /mo
New
1169 E 200 S Salt Lake City, UT 84102
8 Beds
7 Baths
5,212 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type > 4 Units
Listing Status Active
Purchase Type For Sale
Square Footage 5,212 sqft
Price per Sqft $364
Subdivision Plat F
MLS Listing ID 2085851
Style Stories: 2
Bedrooms 8
Construction Status Blt./Standing
HOA Y/N No
Year Built 1924
Annual Tax Amount $5,446
Lot Size 10,890 Sqft
Acres 0.25
Lot Dimensions 0.0x0.0x0.0
Property Sub-Type > 4 Units
Property Description
Nestled in the heart of Salt Lake City's desirable Central City neighborhood, 1169 E 200 S is a 5,212 SF, well-maintained and character-rich seven-unit multifamily property offering timeless appeal, thoughtful updates, and strong tenant demand. Just minutes from the University of Utah and surrounded by walkable access to dining, shopping, and entertainment, this property presents an exceptional opportunity for investors seeking stability and upside. PROPERTY OVERVIEW Originally constructed in 1924, this timeless property features two distinct structures: a front-facing building with five one-bedroom units and a rear duplex comprising a studio and a two-bedroom, one-bath residence. The rear duplex presents a unique opportunity for owner-occupants: it can be utilized as a private single-family home with exclusive access to thespacious backyard. This setup allows the owner to reside onsite while generating income from the five-unit front building-an exceptional "house hacking" opportunity at a larger, more lucrative scale. The property blends historic charm-such as original stained-glass windows-with modern updates that enhance tenant comfort and operational efficiency UNIT CONFIGURATION: Rear Duplex: - Studio + 2BD/1BA - The 2-bedroom unit features a rare and desirable amenity: a large, private yard-uncommon for multifamily properties in the area. -Original stained-glass windowsadd unique character, while all other windows have been updated. Front 5-Unit Building: - Five distinct 1-bedroom units, each showcasing early 20th-century charm andunique layouts. RECENT CAPITAL IMPROVEMENTS: Ownership has invested in a number ofkey upgradesacross the property, including mechanical systems, appliances, windows, and roofreplacement in 2014. Rental & Income Potential According to Rentometer, market-rate rents in the area average: Studios: $1,323 1-Bedrooms: $1,438 2-Bedrooms: $1,662 Current average rents at the property are: Studios: $995 1-Bedrooms: $1,300 2-Bedrooms: $1,795 With several units renting below market, there is clear value add potential through strategic rent adjustments and continued modernization. Additionally, the unique features of certain units- such asprivate yardspace and historic architectural elements-offer opportunities to command premium rents. Seller Financing Not Available.
Location
State UT
County Salt Lake
Area Salt Lake City; So. Salt Lake
Interior
Fireplace No
Exterior
View Y/N No
Present Use Residential
Private Pool No
Building
New Construction No
Construction Status Blt./Standing
Schools
Elementary Schools None/Other
Middle Schools None/Other
High Schools None/Other
Others
Senior Community No
Tax ID 16-05-251-031
Listed by Pathway Properties, LLC