Homes for sale - 1169 E 200 S, Salt Lake City, UT 84102

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Distinction Real Estate

info@distinctionrealtygroup.com +1(801) 810-0101

$ 1,899,000

Est. payment | -/mo

8 Beds

7 Baths

5,212 SqFt

Save

$ 1,899,000

Est. payment | -/mo

Save

8 Beds

7 Baths

5,212 SqFt

Key Details

Property Type Multi-Family

Sub Type > 4 Units

Listing Status Active

Purchase Type For Sale

Square Footage 5,212 sqft

Price per Sqft $364

Subdivision Plat F

MLS Listing ID 2085851

Style Stories: 2

Bedrooms 8

Construction Status Blt./Standing

HOA Y/N No

Year Built 1924

Annual Tax Amount $5,446

Lot Size 10,890 Sqft

Acres 0.25

Lot Dimensions 0.0x0.0x0.0

Property Sub-Type > 4 Units

Property Description

Nestled in the heart of Salt Lake City's desirable Central City neighborhood, 1169 E 200 S is a 5,212 SF, well-maintained and character-rich seven-unit multifamily property offering timeless appeal, thoughtful updates, and strong tenant demand. Just minutes from the University of Utah and surrounded by walkable access to dining, shopping, and entertainment, this property presents an exceptional opportunity for investors seeking stability and upside. PROPERTY OVERVIEW Originally constructed in 1924, this timeless property features two distinct structures: a front-facing building with five one-bedroom units and a rear duplex comprising a studio and a two-bedroom, one-bath residence. The rear duplex presents a unique opportunity for owner-occupants: it can be utilized as a private single-family home with exclusive access to thespacious backyard. This setup allows the owner to reside onsite while generating income from the five-unit front building-an exceptional "house hacking" opportunity at a larger, more lucrative scale. The property blends historic charm-such as original stained-glass windows-with modern updates that enhance tenant comfort and operational efficiency UNIT CONFIGURATION: Rear Duplex: - Studio + 2BD/1BA - The 2-bedroom unit features a rare and desirable amenity: a large, private yard-uncommon for multifamily properties in the area. -Original stained-glass windowsadd unique character, while all other windows have been updated. Front 5-Unit Building: - Five distinct 1-bedroom units, each showcasing early 20th-century charm andunique layouts. RECENT CAPITAL IMPROVEMENTS: Ownership has invested in a number ofkey upgradesacross the property, including mechanical systems, appliances, windows, and roofreplacement in 2014. Rental & Income Potential According to Rentometer, market-rate rents in the area average: Studios: $1,323 1-Bedrooms: $1,438 2-Bedrooms: $1,662 Current average rents at the property are: Studios: $995 1-Bedrooms: $1,300 2-Bedrooms: $1,795 With several units renting below market, there is clear value add potential through strategic rent adjustments and continued modernization. Additionally, the unique features of certain units- such asprivate yardspace and historic architectural elements-offer opportunities to command premium rents. Seller Financing Not Available.

Location

State UT

County Salt Lake

Area Salt Lake City; So. Salt Lake

Interior

Fireplace No

Exterior

View Y/N No

Present Use Residential

Private Pool No

Building

New Construction No

Construction Status Blt./Standing

Schools

Elementary Schools None/Other

Middle Schools None/Other

High Schools None/Other

Others

Senior Community No

Tax ID 16-05-251-031

Listed by Pathway Properties, LLC

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(801) 810-0101

info@distinctionrealtygroup.com

11240 S River Heights Dr, South Jordan, UT, 84095, USA

1169 E 200 S Salt Lake City, UT 84102