1884 E Shepard Ln, Lake Point, UT 84074
Local realty services provided by:Better Homes and Gardens Real Estate Momentum
1884 E Shepard Ln,Lake Point, UT 84074
$1,500,000
- 4 Beds
- 2 Baths
- 2,880 sq. ft.
- Multi-family
- Active
Listed by:ryan j konen
Office:real broker, llc.
MLS#:2096777
Source:SL
Price summary
- Price:$1,500,000
- Price per sq. ft.:$520.83
About this home
Charming Rural Duplex with Horse Property No HOA! This rare 1.10-acre duplex in beautiful Lake Point offers the best of both worlds-live in one unit and rent out the other, or add it to your investment portfolio! With horse property rights, there's plenty of room for animals, trailers, gardens, or future development. The City of Lake Point may allow an ADU on the excess land in the future (buyer to verify). Built in 2001 and lovingly maintained by the original owners, this duplex features walkout unfinished basements with exterior entries-a rare opportunity to finish the space and increase rental income. Each unit includes a one-car garage, central air and heat, Kinetico filtered water at the kitchen sink, and a shared water softener. Enjoy a peaceful, rural lifestyle with mountain views, no HOA, and a bus stop less than half a block away. Lake Point Park, I-80 access, and Salt Lake City (just 25 minutes away) are all nearby. There are only five grandfathered duplexes in Lake Point-this is your chance to own a piece of that limited inventory. Annual gross income: $44,590. NOI for 2024: $38,600, with rent steadily increasing year over year. Both have signed leases into 2026. Includes two separate water rights for both culinary and irrigation use. May be sold alone or with the nearby 0.18-acre buildable lot (MLS# 2096867). Don't miss this rare find!
Contact an agent
Home facts
- Year built:2001
- Listing ID #:2096777
- Added:84 day(s) ago
- Updated:September 30, 2025 at 11:01 AM
Rooms and interior
- Bedrooms:4
- Total bathrooms:2
- Living area:2,880 sq. ft.
Heating and cooling
- Heating:Forced Air, Gas: Central
Structure and exterior
- Roof:Asbestos Shingle
- Year built:2001
- Building area:2,880 sq. ft.
- Lot area:1.1 Acres
Schools
- High school:Stansbury
- Middle school:Tooele
- Elementary school:Old Mill
Utilities
- Water:Culinary, Water Connected
- Sewer:Sewer Connected, Sewer: Connected
Finances and disclosures
- Price:$1,500,000
- Price per sq. ft.:$520.83
- Tax amount:$4,053
New listings near 1884 E Shepard Ln
- New$820,000Active7 beds 6 baths5,196 sq. ft.
1897 E Rock Hollow Rd, Lake Point, UT 84074
MLS# 2114101Listed by: ZANDER REAL ESTATE TEAM PLLC - $639,990Active6 beds 4 baths3,249 sq. ft.
8483 N Colette St, Lake Point, UT 84074
MLS# 2110242Listed by: EQUITY REAL ESTATE (ADVANTAGE) - $625,000Active3 beds 3 baths4,036 sq. ft.
1225 E Blue Moon Dr, Lake Point, UT 84074
MLS# 2109202Listed by: RE/MAX ASSOCIATES - $699,990Active3 beds 3 baths4,516 sq. ft.
8645 N Halloran Ct #1323, Lake Point, UT 84074
MLS# 2109054Listed by: RICHMOND AMERICAN HOMES OF UTAH, INC - $649,990Active4 beds 3 baths3,663 sq. ft.
2080 E Dolan Dr #1332, Lake Point, UT 84074
MLS# 2107683Listed by: RICHMOND AMERICAN HOMES OF UTAH, INC - $600,000Active5 beds 4 baths3,420 sq. ft.
1904 E Rock Hollow Rd, Lake Point, UT 84074
MLS# 2106597Listed by: SHEPHERD REAL ESTATE GROUP, LLC - $769,000Active3 beds 2 baths3,612 sq. ft.
8260 N Strasser Ct #429, Lake Point, UT 84074
MLS# 2106202Listed by: REAL ESTATE ESSENTIALS - $935,000Pending6 beds 3 baths4,202 sq. ft.
1662 E Cluff Ln N, Lake Point, UT 84074
MLS# 2104926Listed by: SUMMIT SOTHEBY'S INTERNATIONAL REALTY - $554,990Active3 beds 2 baths4,152 sq. ft.
1921 E Burger St #1418, Lake Point, UT 84074
MLS# 2102785Listed by: RICHMOND AMERICAN HOMES OF UTAH, INC - $519,990Active3 beds 2 baths3,280 sq. ft.
1835 E Burger St #1419, Lake Point, UT 84074
MLS# 2102729Listed by: RICHMOND AMERICAN HOMES OF UTAH, INC