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Triplex

Active

5Days on Market

$1,295,000

$402/sqft+2.0%/yrHome values in the 84102 zip code have grown an average of 2.0% per year over the last 5 years.

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About This Property

I'm interested

Rare 9th & 9th fully-leased triplex offering immediate cash flow in one of Salt Lake City's most walkable, high-demand neighborhoods. Each of the three spacious two-bedroom/one-bathroom units features a fully renovated basement providing flexible bonus space, plus a rare urban perk: six off-street parking spaces. Situated in a location where tenants stay long-term, this property offers unmatched everyday convenience. Residents can walk directly across the street to Smith's Marketplace, grab coffee or dinner at local favorites like Coffee Garden, Pago, and Pizza Nono, or enjoy an afternoon at nearby Liberty Park. Excellent transit connectivity via the 900 East bus line and TRAX Red Line makes commuting to the University of Utah, downtown or the airport effortless - all while sitting 30 minutes from world-class skiing. A turnkey investment in SLC's premier urban core. All units are fully occupied and income-producing. Please do not disturb the tenants. Interior showings will be arranged upon submission of an offer with proof of funds or lender pre-approval. A complete offering package - including detailed income and expense figures - are available to support your offer. Unit 2 is offered furnished, with all furnishings included in the sale.

Property Features

Heating

Forced Air,Gas: Central

Flooring

Carpet,Tile

Laundry

Electric Dryer Hookup

Interior Features

Disposal,Kitchen: Updated,Range/Oven: Built-In,Dishwasher: Built-In

Exterior Features

Double Pane Windows,Patio: Covered,Patio: Open

Parking

Parking: Uncovered

Unit Breakdown

Type 1

2 bed · 1 bath · Square Feet: 1073

$2,530/mo

Type 2

2 bed · 1 bath · Square Feet: 1073

$2,715/mo

Type 3

2 bed · 1 bath · Square Feet: 1073

$2,745/mo

Total Actual Rent(3 units)

$7,990/mo

Location

Estimated Monthly Payment

$7,212/mo

Down Payment$259,000 (20%)

Principal & Interest$6,568

Property Tax$401/mo

Insurance (est.)$243/mo

Est. Total$7,212/mo

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

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MLS# 2180259• Tax ID: 16-08-179-012

Courtesy of Catherine (Mimi) Chen, Niche Homes · 801-888-6801 · catherine@nichehomes.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.