JoinServicesInsightsPeopleAbout Us
USAUTSalt Lake CityPlat F1169 E 200 S
View of front of house | Image 1
Link Copied
$1,899,000

1169 E 200 S, Salt Lake City, UT

Real Estate

For Sale

$--,---,---
870
  • Key Facts
  • Description
  • Map

Key Facts

Type Multi Family
Levels Residential
Size 5212 sqft
Garage No
Taxes $5,446
Days Active 1
Lot Size 
Approx. Age 1924
Avg. Price Per Sqft $364
MLS® Number 2085851

Property Address: 

Average square foot calculated using Size range provided by listing agent.

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.Show Description
-
No Data
Walk Score®
-
No Data
Transit Score®
-
No Data
Bike Score®
MLS® Number2085851
Laundry Level
Central VacNo
FireplaceNo
Acreage0.25
Exterior
GarageNo
Approx. Age1924
Basement
Driveway
Garage Spaces
Heat
A/C
Heating Fuel

Extras

Similar Listings

Like what you see?

Complete the form and we'll be in touch. No login necessary.

Add a Comment

Get notified of price or status changes by saving this listing