UT
Salt Lake
Salt Lake City
84102
1162 E 400 S
1162 E 400 S, Salt Lake City, UT 84102
Share Listing
Listing Type
Multi Family
Listing Status
active
14
$2,300,000

Home Details for 1162 E 400 S

Price
$2,300,000
Type
Residential Income
Bedrooms
16
Bathrooms
8.0
Square feet
9563
Year built
1973
Lot size acres
0.27
County
Salt Lake
Garage
2
Days on site
182
MLS Listing#
2071896
Property Description

**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.

Property Features
  • Utilities
    • Natural Gas Available
    • Natural Gas Connected
    • Electricity Connected
    • Sewer Connected
    • Water Connected
  • Heating Information
    • Central
    • Natural Gas
  • Cooling Information
    • None
  • Parking
    • Covered
School Information
School Information for 1162 E 400 S, Salt Lake City, UT 84102
Elementary School
Bennion (M Lynn)
Middle School
Bryant
High School
East
Listing Courtesy: Investment Realty Advisors LLC - 435-485-7070
Wasatch Front Regional MLS logoBased on information from the Wasatch Front Regional Multiple Listing Service, Inc. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or the MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Last Updated: 2025-09-04 08:25:28
Transportation
Check the walk, transit, and bike score for
Neighborhood Market Statistics
See average values in the proximity of this property
Median Listing Price
Median Days on Site
Median Square Feet
Market statistics compiled from data from Wasatch Front Regional MLS.
EXIT REALTY LEGACY
4516 South 700 East Suite 190, Murray, UT 84107
Office
801 438 0246
Request more details
Code: