Utah's Premier | OnX Realty

Five-Plex

1175 S 300 E

Salt Lake City , UT 84111

MLS#: 2146633

$850,000

Status: Active
Listing number: 2146633
Listing provided by: Windermere Real Estate (Draper)
Listing agent phone: None
Last update: 7 hours ago
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Property

Beds

4

Full Baths

None

1/2 Baths

None

Year Built

1902

Sq.Footage

2,900

Exceptional opportunity in the highly desirable Liberty Wells neighborhood, just minutes from downtown Salt Lake City and Sugar House. This charming 5-plex offers immediate income with significant upside potential. Current rents are below market due to long-term tenants, all on month-to-month leases, providing flexibility for a new owner to reposition and increase returns. The property features a well-maintained main house (built in 1902) with two one-bedroom units and one studio, plus a separate building with two additional one-bedroom apartments. Each unit offers functional layouts with kitchens or kitchenettes and individual heating systems (in main home, shared in back dwelling), appealing to a wide tenant base. Recent capital improvements include a new water line from the street to the home (2025), updated main house plumbing (2025), water heater replacement for the back building (2021), and new refrigerator in Unit #3 (2022)-reducing near-term maintenance concerns. Situated in a walkable location near restaurants, shopping, and entertainment, this property combines historic character with strong rental demand. Ideal for investors seeking a value-add asset with both immediate cash flow and long-term appreciation potential. Off street parking and conveinant on street parking. Buyer and buyer's agent to verify all information, including square footage.

Features & Amenities

Interior

  • Total Bedrooms

    4

  • Bathrooms

    N/A

  • Cooling YN

    NO

  • Cooling

    None

  • Fireplace YN

    NO

  • Heating YN

    YES

  • Heating

    Central, Natural Gas, Electric

  • Pet friendly

    N/A

Exterior

  • Garage

    No

  • Construction Materials

    Brick, Cedar, Stone, Stucco

  • Other Exterior Features

    Lighting

  • Patio and Porch Features

    Porch

  • Pool

    No

Area & Lot

  • Lot Size(acres)

    0.21

  • Property Type

    Residential Income

  • Property Sub Type

    Multi Family

  • Architectural Style

    Five-Plex

Price

  • Sales Price

    $850,000

  • Tax Amount

    $4,165

  • Zoning

    1105

  • Sq. Footage

    2, 900

  • Price/SqFt

    $293

HOA

  • Association

    No

School District

  • Elementary School

    Salt Lake

  • Middle School

    Clayton

  • High School

    Highland

Property Features

  • Senior Community YN

    NO

  • Sewer

    Public Sewer

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Location

County

Salt Lake

Elementary School

Salt Lake

Middle School

Clayton

High School

Highland

Listing Courtesy of Connie S Elliott , Windermere Real Estate (Draper)

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President / Real Estate Advisor

Damon Luke

Call Damon today to schedule a private showing.

(801) 882-4009

Damon@OnXrealty.com


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Exceptional opportunity in the highly desirable Liberty Wells neighborhood, just minutes from downtown Salt Lake City and Sugar House. This charming 5-plex offers immediate income with significant upside potential. Current rents are below market due to long-term tenants, all on month-to-month leases, providing flexibility for a new owner to reposition and increase returns. The property features a well-maintained main house (built in 1902) with two one-bedroom units and one studio, plus a separate building with two additional one-bedroom apartments. Each unit offers functional layouts with kitchens or kitchenettes and individual heating systems (in main home, shared in back dwelling), appealing to a wide tenant base. Recent capital improvements include a new water line from the street to the home (2025), updated main house plumbing (2025), water heater replacement for the back building (2021), and new refrigerator in Unit #3 (2022)-reducing near-term maintenance concerns. Situated in a walkable location near restaurants, shopping, and entertainment, this property combines historic character with strong rental demand. Ideal for investors seeking a value-add asset with both immediate cash flow and long-term appreciation potential. Off street parking and conveinant on street parking. Buyer and buyer's agent to verify all information, including square footage.

1175 S 300 E

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