$2,300,000
$600K PRICE DROP

1162 E 400 S Salt Lake City, UT 84102

East Central Neighborhood

Estimated payment $13,563/month

Total Views 9,164
16 Beds
8 Baths
9,563 Sq Ft
$241 Price per Sq Ft

Highlights

  • Mountain View
  • No HOA
  • Central Heating
  • Wasatch Elementary School Rated A-
  • Landscaped
  • 2 Car Garage

About This Home

**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.

Listing Agent

Joseph Mills

Investment Realty Advisors LLC License #5652815 Listed on: 03/21/2025

Co-Listing Agent

Porter Criddle

Investment Realty Advisors LLC License #11505630

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,645

Year Built

  • Built in 1973

Lot Details

  • 0.27 Acre Lot
  • Landscaped
  • Sprinkler System

Parking

  • 2 Car Garage
  • 2 Open Parking Spaces
  • 8 Carport Spaces

Home Design

  • Brick Exterior Construction
  • Membrane Roofing

Interior Spaces

  • 9,563 Sq Ft Home
  • Blinds
  • Mountain Views

Kitchen

  • Free-Standing Range
  • Disposal

Flooring

  • Carpet
  • Laminate
  • Vinyl

Bedrooms and Bathrooms

  • 16 Bedrooms
  • 8 Bathrooms

Schools

  • Bennion Elementary School
  • Bryant Middle School
  • East High School

Utilities

  • No Cooling
  • Central Heating
  • Natural Gas Connected

Community Details

  • No Home Owners Association
  • 8 Units
  • Plat F Subdivision

Listing and Financial Details

  • Assessor Parcel Number 16-05-408-055

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,645

Year Built

Built in 1973

Lot Details

0

Parking

2

Listing Details

  • Property Sub Type: > 4 Units
  • Prop. Type: Residential
  • Horses: No
  • Lot Size Acres: 0.27
  • Lot Size: 0.0x0.0x0.0
  • Co List Office Mls Id: 69369
  • Co List Office Phone: 435-485-7070
  • Inclusions: Microwave, Range, Refrigerator
  • Ownership: Agent Owned
  • Subdivision Name: PLAT F
  • Architectural Style: Stories: 3
  • Carport Y N: Yes
  • Garage Yn: Yes
  • New Construction: No
  • Property Attached Yn: No
  • Year Built: 1973
  • Accessory Dwelling Unit: No
  • Special Features: None
  • Stories: 0

Interior Features

  • Private Spa: No
  • Total Bedrooms: 16
  • Fireplace: No
  • Flooring: Carpet, Laminate, Vinyl
  • Interior Amenities: Disposal, Range/Oven: Free Stdng.
  • Living Area: 9563.0
  • Window Features: Blinds

Exterior Features

  • Lot Features: Sidewalks, Sprinkler: Auto-Full, View: Mountain
  • Pool Private: No
  • Topography: Sidewalks, Sprinkler: Auto-Full, Terrain, Flat, View: Mountain
  • View: Mountain(s)
  • View: Yes
  • Waterfront: No
  • Home Warranty: No
  • Construction Type: Brick
  • Property Condition: Blt./Standing
  • Roof: Membrane

Garage/Parking

  • Attached Garage: No
  • Carport Spaces: 8.0
  • Covered Parking Spaces: 10.0
  • Garage Spaces: 2.0
  • Open Parking Spaces: 2.0
  • Open Parking: No
  • Parking Features: Covered
  • Total Parking Spaces: 12.0

Utilities

  • Cooling Y N: No
  • Heating: Gas: Central
  • Heating Yn: Yes
  • Sewer: Sewer: Connected
  • Utilities: Natural Gas Connected, Electricity Connected, Sewer Connected, Water Connected

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Elementary School: Bennion (M Lynn)
  • Junior High Dist: Salt Lake
  • High School: East
  • Middle Or Junior School: Bryant

Lot Info

  • Current Use: Residential
  • Lot Size Sq Ft: 11761.2
  • Parcel #: 16-05-408-055
  • Zoning Description: R-2
  • Zoning: Multi-Family

Multi Family

  • Number Of Units Total: 8

Tax Info

  • Tax Annual Amount: 11645.0

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/14/2025 05/14/25 Price Changed $2,300,000 -8.0% $241 / Sq Ft
04/24/2025 04/24/25 Price Changed $2,500,000 -7.4% $261 / Sq Ft
04/07/2025 04/07/25 Price Changed $2,700,000 -6.9% $282 / Sq Ft
03/21/2025 03/21/25 For Sale $2,900,000 -- $303 / Sq Ft
Source: UtahRealEstate.com

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Source: UtahRealEstate.com

MLS Number: 2071896

UtahRealEstate.com

Utah Salt Lake County Salt Lake City 84102 East Central

1162 E 400 S, Salt Lake City, UT

This home is located at 1162 E 400 S, Salt Lake City, UT 84102 and is currently priced at $2,300,000, approximately $240 per square foot. This property was built in 1973. 1162 E 400 S is a home located in Salt Lake County with nearby schools including Bennion Elementary School, Wasatch Elementary School, and East High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

UtahRealEstate.com IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS. Licensor is only providing the MLS Content and not other sources of data provided in the Product.

Based 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.

Nearby Homes
Joseph Mills
Listing Agent
Joseph Mills
Section Image
Investment Realty Advisors LLC
(385) 402-6493