3508 S WASHINGTON BLVD photo 1
1 / 27
> 4 Units
Active
4Days on Market

$1,150,000

$237/sqft+3.6%/yrHome values in the 84403 zip code have grown an average of 3.6% per year over the last 5 years.
Mountain View

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About This Property

I'm interested

Rare opportunity to own a highly updated 5-plex with established nightly rental income and significant upside. Two units are currently operating as successful nightly rentals, two more have been fully remodeled and are nearly ready to launch, and the fifth is occupied month-to-month at $1,200/month. Gross potential income is approximately $98,000+ annually. Originally built in 1929, this property underwent a major renovation in 2001 including new electrical, plumbing, insulation, and more. Ownership has continued to invest heavily in the building with a newer Slant/Fin boiler, high-efficiency Carrier heat pumps, and an 80-gallon commercial water heater. Two heat pumps were replaced under warranty in summer 2026. Strong short-term rental potential, and major systems already updated make this an unusually low-maintenance investment. For investors seeking STR income, there may also be attractive cost segregation and accelerated depreciation opportunities under current tax law. Buyer to verify tax benefits with their advisor. A lot of the hard work has already been done.

Property Features

Heating

Heat Pump,Hot Water,Hydronic

Flooring

Carpet

Interior Features

Basement Apartment,Disposal,Kitchen: Updated,Range/Oven: Free Stdng.

Exterior Features

Basement Entrance,Double Pane Windows,Lighting

Parking

Parking: Uncovered

Unit Breakdown

Type 1×2

2 bed · 1 bath · Square Feet: 810

$19,600/mo each

= $39,200/mo

Type 2×2

2 bed · 1 bath · Square Feet: 810

$19,600/mo each

= $39,200/mo

Type 3

2 bed · 1 bath · Square Feet: 1100

$19,600/mo

Total Actual Rent(5 units)

$98,000/mo

Location

Estimated Monthly Payment

$6,313/mo

Down Payment$230,000 (20%)
Principal & Interest$5,833
Property Tax$264/mo
Insurance (est.)$216/mo
Est. Total$6,313/mo

Based on 20% down, 6.529% rate, 30-yr fixed. For estimation only.

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MLS# 2180669• Tax ID: 05-117-0002

Courtesy of Britain R Sorensen, Equity Real Estate (Select) · 801-644-2557 · britainsorensen@gmail.com

Property data from UtahRealEstate.com. Home value index from Zillow Research (zillow.com/research/data). Walkability data from Walk Score. Rent estimates from Rentometer. Public records (owner + loan) from the Salt Lake County Recorder; loan rate estimated from FRED's 30-yr average at origination month, balance assumes a 30-yr fixed with no extra payments. Property valuations by Rocco Value. Information deemed reliable but not guaranteed.

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Estimated Monthly Payment

$6,313/mo

Down Payment$230,000 (20%)
Principal & Interest$5,833
Property Tax$264/mo
Insurance (est.)$216/mo
Est. Total$6,313/mo

Based on 20% down, 6.529% rate, 30-yr fixed. For estimation only.

Generic estimate. Create an account to enter your down payment, rate, and cash on hand for a number tailored to you.

Create account & personalize

MLS# 2180669• Tax ID: 05-117-0002

Courtesy of Britain R Sorensen, Equity Real Estate (Select) · 801-644-2557 · britainsorensen@gmail.com

Property data from UtahRealEstate.com. Home value index from Zillow Research (zillow.com/research/data). Walkability data from Walk Score. Rent estimates from Rentometer. Public records (owner + loan) from the Salt Lake County Recorder; loan rate estimated from FRED's 30-yr average at origination month, balance assumes a 30-yr fixed with no extra payments. Property valuations by Rocco Value. Information deemed reliable but not guaranteed.

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Schools

Elementary

Odyssey

Middle School

Mount Ogden

High School

Ogden

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