275 W 500 N Salt Lake City, UT 84103
Capitol Hill NeighborhoodEstimated payment $5,524/month
Total Views
3,383
6
Beds
3
Baths
3,557
Sq Ft
$262
Price per Sq Ft
Highlights
- RV or Boat Parking
- Lake View
- Mature Trees
- West High Rated A
- Updated Kitchen
- Wood Flooring
About This Home
Three-unit property located in the heart of the Marmalade district, across the street from the library. It is in a prime location a few blocks from downtown, the freeway on-ramp, and the university. This re-emerging community lends to walkability with various points of interest such as The Delta Center, Ace Hardware, coffee shops, restaurants, and schools. The Marmalade Plaza redevelopment project, across the street, will be a great place for you or your tenants to walk dogs or a take a casual stroll. Close to the new 300 west walkable corridor that could boost property values in the area. With full tenant occupancy until June, this turnkey property can produce a profit, or the primary resident can offset mortgage payments with rent. Under new Fannie Mae guidelines, multi units only require X down payment. All units have their own washer and dryer. A new tankless water heater and generator as well as all electrical updated. Separate electrical box for top and bottom unit. The 1,100 sq. ft. garage is a key feature of the property. The garage has the option of subdividing for storage for each unit and increase rents. Or if the city will allow, a fourth unit could be constructed adding more rental income. Great opportunity to start your investment portfolio!
Listing Agent
Whitney Lyle
Equity Real Estate (Solid) License #13427238
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $3,987
Year Built
- Built in 1906
Lot Details
- 5,227 Sq Ft Lot
- Partially Fenced Property
- Landscaped
- Corner Lot
- Mature Trees
Parking
- 4 Car Garage
- RV or Boat Parking
Property Views
- Lake
- Mountain
Home Design
- Triplex
- Brick Exterior Construction
Interior Spaces
- 3,557 Sq Ft Home
- Double Pane Windows
- Blinds
- Screened Porch
- Electric Dryer Hookup
Kitchen
- Updated Kitchen
- Built-In Range
- Free-Standing Range
- Dishwasher
- Granite Countertops
- Disposal
Flooring
- Wood
- Carpet
- Tile
Bedrooms and Bathrooms
- 6 Bedrooms
- Walk-In Closet
- 3 Bathrooms
Basement
- Exterior Basement Entry
- Apartment Living Space in Basement
Outdoor Features
- Screened Patio
Schools
- Washington Elementary School
- Bryant Middle School
- West High School
Utilities
- No Cooling
- Heating System Uses Steam
- Natural Gas Connected
Community Details
- No Home Owners Association
- 3 Units
Listing and Financial Details
- Assessor Parcel Number 08-36-254-001
Map
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 04/17/2025 04/17/25 | For Sale | $932,000 | -- | $262 / Sq Ft |
Source: UtahRealEstate.com
Similar Homes in Salt Lake City, UT
Source: UtahRealEstate.com
MLS Number: 2078452
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