937 E 300 S photo 1
1 / 64
> 4 Units
$201,000 reduction
Active
202Days on Market

$1,899,000

$334/sqft+2.0%/yrHome values in the 84102 zip code have grown an average of 2.0% per year over the last 5 years.

$2,100,000↓$201,000 (10%)Aug 7

Mountain View

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About This Property

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PREMIUM TURN-KEY MULTIFAMILY INVESTMENT. Thoughtfully restored and extensively improved, this unique 5-plex stands apart from typical multifamily offerings by combining historic character with modern systems, quality finishes, and true turn-key operation. Situated in a highly desirable Eastside Downtown Salt Lake City location near the University of Utah, TRAX, and major employment centers, the property benefits from consistent demand among students, working professionals, and long-term residents seeking quality housing in one of Salt Lake City's most convenient locations. Each of the five apartments features two bedrooms, one full bathroom, a comfortable living area, and dining space. All units have been upgraded with remote-controlled mini-split heating and cooling systems, providing individual climate control in every room. Residents enjoy private front porches or decks, a shared rear patio, on-site laundry facilities, and designated parking. Current rents have remained largely unchanged for several years, providing potential future upside while maintaining exceptional occupancy and tenant retention. Extensive improvements and upgrades to the property's interior and infrastructure have significantly reduced future maintenance concerns and costs, creating an attractive ownership experience for investors who prefer managing an asset rather than a renovation project. Combined with a strong occupancy history, this property offers a rare blend of stability, quality, and long-term investment potential. Listing agent is related to Seller.

Property Features

Heating

Forced Air

Flooring

Carpet,Tile

Interior Features

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

Exterior Features

Basement Entrance,Deck; Covered,Double Pane Windows,Patio: Covered,Patio: Open

Unit Breakdown

Type 1

0 bath · Square Feet: 1100

$2,150/mo

Type 2

0 bath · Square Feet: 1100

$2,300/mo

Type 3

2 bed · 1 bath · Square Feet: 1100

$2,100/mo

Type 4

2 bed · 1 bath · Square Feet: 1100

$2,400/mo

Type 5

2 bed · 1 bath · Square Feet: 972

$1,800/mo

Total Actual Rent(5 units)

$10,750/mo

Location

Estimated Monthly Payment

$10,500/mo

Down Payment$379,800 (20%)
Principal & Interest$9,631
Property Tax$513/mo
Insurance (est.)$356/mo
Est. Total$10,500/mo

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

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MLS# 2135108• Tax ID: 16-05-182-025

Courtesy of Lucile Walbeck, Lift Realty · 801-792-4847 · lucy@liftrealty.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

$10,500/mo

Down Payment$379,800 (20%)
Principal & Interest$9,631
Property Tax$513/mo
Insurance (est.)$356/mo
Est. Total$10,500/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# 2135108• Tax ID: 16-05-182-025

Courtesy of Lucile Walbeck, Lift Realty · 801-792-4847 · lucy@liftrealty.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

Wasatch

Middle School

Bryant

High School

East

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