UT
Tooele
Lake Point
84074
1884 E SHEPARD LN
1884 E SHEPARD LN, Lake Point, UT 84074
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Listing Type
Multi Family
Listing Status
active
37
$1,500,000

Home Details for 1884 E SHEPARD LN

Price
$1,500,000
Type
Residential Income
Bedrooms
4
Bathrooms
2.0
Square feet
2880
Year built
2001
Lot size acres
1.1
County
Tooele
Garage
2
Days on site
122
MLS Listing#
2096777
Property Description

Rare Lake Point Duplex with Acreage, Mountain Views & Horse Property Rights. Discover a rare investment or house-hack opportunity in beautiful Lake Point! This charming 1.10-acre duplex offers the freedom of no HOA, horse property rights, and incredible potential-live in one unit and rent out the other, or keep both as part of your growing portfolio. Built in 2001 and lovingly maintained by the original owners, each unit includes a one-car garage, central air and heat, and Kinetico filtered water at the kitchen sink, plus a shared water softener. Both units feature walkout unfinished basements with exterior entries-a rare setup that provides the opportunity to finish and add even more rental income down the road. Enjoy peaceful, rural living with open mountain views and plenty of space for animals, trailers, or future development. The City of Lake Point may allow an ADU on the excess land in the future (buyer to verify). You'll love being just 25 minutes from Salt Lake City, with easy I-80 access, Lake Point Park nearby, and a bus stop less than half a block away. This property is one of only five grandfathered duplexes in Lake Point-a true limited inventory gem. Annual gross income is approximately $44,590, with a 2024 NOI of $38,600 and both leases secured through 2026. The sale includes two separate water rights for culinary and irrigation use. This duplex may be sold alone or alongside the nearby 0.18-acre buildable lot (MLS# 2096867), making it ideal for investors or those pursuing a 1031 exchange. Don't miss this chance to own one of Lake Point's rare multi-unit properties!

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Property Features
  • Utilities
    • Natural Gas Available
    • Natural Gas Connected
    • Electricity Connected
    • Sewer Connected
    • Water Connected
  • Heating Information
    • Central
    • Natural Gas
    • Forced Air
  • Cooling Information
    • None
  • Garage
    • 1
  • Parking
    • Attached
School Information
School Information for 1884 E SHEPARD LN, Lake Point, UT 84074
Elementary School
Old Mill
Middle School
Tooele
High School
Stansbury
Listing Courtesy: Real Broker, LLC - 801-505-9668
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: 2025-10-16 17:16:04
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EXIT REALTY ASCENDANCY
70 S Main St., Tooele, UT 84074
Office
435 228 6281
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