1175 S 300 E, Salt Lake City, UT 84111
Local realty services provided by:Better Homes and Gardens Real Estate Momentum
1175 S 300 E,Salt Lake City, UT 84111
$850,000
- 4 Beds
- 5 Baths
- 2,900 sq. ft.
- Multi-family
- Active
Listed by: connie s elliott
Office: windermere real estate (draper)
MLS#:2146633
Source:SL
Price summary
- Price:$850,000
- Price per sq. ft.:$293.1
About this home
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. Estimated market rents (conservative Liberty Wells / Sugarhouse range): 1-bed units: ~$1,100$1,250 Studio: ~$900$1,000 Projected Stabilized Monthly Income (mid-range): (4 $1,175) + $950 = $5,650/month Projected Annual Income: $67,800 Projected NOI: $67,800 $11,448 = $56,352 Stabilized Cap Rate (at $850,000): 6.63%...
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Home facts
- Year built:1902
- Listing ID #:2146633
- Added:92 day(s) ago
- Updated:June 29, 2026 at 11:18 AM
Rooms and interior
- Bedrooms:4
- Total bathrooms:5
- Flooring:Carpet, Linoleum, Tile
- Kitchen Description:Disposal, Range/Oven: Free Stdng.
- Living area:2,900 sq. ft.
Heating and cooling
- Heating:Electric, Gas: Central, Gas: Stove
Structure and exterior
- Roof:Asphalt
- Year built:1902
- Building area:2,900 sq. ft.
- Lot area:0.21 Acres
- Lot Features:Curb & Gutter, Fenced: Partial, Flat, Road: Paved, Sidewalks, Sprinkler: Auto-Partial
- Architectural Style:Five-Plex
- Construction Materials:Brick, Cedar, Stone, Stucco
- Exterior Features:Entry (Foyer), Lighting, Porch: Open
Schools
- High school:Highland
- Middle school:Clayton
- Elementary school:Liberty
Utilities
- Water:Culinary, Water Connected
- Sewer:Sewer Connected, Sewer: Connected, Sewer: Public
Finances and disclosures
- Price:$850,000
- Price per sq. ft.:$293.1
- Tax amount:$4,165
Features and amenities
- Laundry features:Electric Dryer Hookups
Parking
- Total parking spaces:5
- Parking description:Parking: Uncovered
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