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1175 S 300

Salt Lake City, UT 84111
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Bed 4

Bed

Bath 5

Bath

SqFt2,900

Sqft

Acres0.21

Acre(Lot)

Exceptional opportunity in the highly desirable Liberty Wells neighborhood, just minutes from downtown Salt Lake City and Sugar House. This charming 5-plex offers immediate income with significant upside potential. Current rents are below market due to long-term tenants, all on month-to-month leases, providing flexibility for a new owner to reposition and increase returns. The property features a well-maintained main house (built in 1902) with two one-bedroom units and one studio, plus a separate building with two additional one-bedroom apartments. Each unit offers functional layouts with kitchens or kitchenettes and individual heating systems (in main home, shared in back dwelling), appealing to a wide tenant base. Recent capital improvements include a new water line from the street to th e home (2025), updated main house plumbing (2025), water heater replacement for the back building (2021), and new refrigerator in Unit #3 (2022)-reducing near-term maintenance concerns. Situated in a walkable location near restaurants, shopping, and entertainment, this property combines historic character with strong rental demand. Ideal for investors seeking a value-add asset with both immediate cash flow and long-term appreciation potential. Off street parking and conveinant on street parking. Buyer and buyer's agent to verify all information, including square footage. Estimated market rents (conservative Liberty Wells / Sugarhouse range): 1-bed units: ~$1,100$1,250 Studio: ~$900$1,000 Projected Stabilized Monthly Income (mid-range): (4 $1,175) + $950 = $5,650/month Projected Annual Income: $67,800 Projected NOI: $67,800 $11,448 = $56,352 Stabilized Cap Rate (at $850,000): 6.63%

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Detail Ic Property Details

Property Type : Residential

Price : $850,000

AD Id : 79997857

MLS Id : 2146633

Beds : 4

Lot Size : 0.21 Acre

Living Area Size : 2,900

Year Built : 1902

County : Salt Lake

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Feature Features

  • Bedroom Information

    Total beds: 4

    Bathroom Information

    Total Baths: 5
  • Flooring Information

    Carpet, Linoleum, Tile
  • Roofing Information

    Asphalt
  • Interior Features

    Roof: Asphalt Appliances: Disposal, Oven, Range Laundry Features: Electric Dryer Hookup Window Features: Window Coverings, Blinds
  • Heating & Cooling

    Has Heating: Yes Heating: Central, Natural Gas, Electric Cooling: None

  • Building Information

    Year Built: 1902 Building Area Total: 2900 Construction Materials: Brick, Cedar, Stone, Stucco Frontage Length: 0.0 Patio And Porch Features: Porch Private Pool: No
  • Exterior Features

    Exterior Features: Lighting

  • Lot Information

    Lot Dimensions: 0.0x0.0x0.0 Main Square Feet: 0.21 Acres Lot Size Acres: 0.21 Lot Size Square Feet: 9147.6

  • Listing Price Information

    Listing Price: $850000 Cash, Conventional

  • Tax Information

    Parcel Number: 16-07-382-006 Annual Tax: $4165

  • Parking Information

    Parking Total: 5

  • School Information

    Elementary School: Liberty
    Junior High School: Clayton
    Senior High School: Highland
  • Utility Information

    Natural Gas Available, Natural Gas Connected, Electricity Connected, Sewer Connected, Water Connected
  • Location Information

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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
63 S 400, Salt Lake City, UT, 84111 $6,000,000 27 32 32,000 32,000 SqFt
352 E Hampton Ave, Salt Lake City, UT, 84111 $774,900 6 4 3,732 3,732 SqFt
977 S 300, Salt Lake City, UT, 84111 $690,000 5 2 1,992 1,992 SqFt

Based on information from the Wasatch Front Regional Multiple Listing Service, Inc. as of 06/16/2026 @ 21:38. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or the MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

ByOwner last updated this listing 06/16/2026 @ 21:38

MLS: 2146633 LISTED BY: Connie Elliott, Windermere Real Estate (Draper) 801-449-9400 SOURCE: UtahRealEstate (Wasatch Front)

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