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1175 S 300 E , Salt Lake City, UT 84111
$850,000
Est. Payment: $4,163.91/mo
4 Bed
5 Bath
2900 Sqft
Status: active | Days on site: 231
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VCR-C15903466 - VCR-C159091383,VCR-C159052275

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House Description

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 the 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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Highlights

Listed by Connie S Elliott , 801-558-3672 Windermere Real Estate (Draper) , 801-449-9400. Wasatch Front Multiple Listing Service

Property Type

Multi-Family
Lot/Acreage
0.21

Year Built

1902

County

Salt Lake

Area

Salt Lake City; So. Salt Lake

 School District

Salt Lake

Listing ID

2146633

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Interior Features

Bedrooms and Bathrooms
  • ▪ Bedrooms:4
  • ▪ Bathrooms:5
  • ▪ Full Bathrooms:
Floor:Carpet,Linoleum,Tile
Other:Disposal,Range/Oven: Free Stdng.
Other:Culinary

Exterior Features

Lot:Curb & Gutter,Fenced: Part,Road: Paved,Sidewalks,Sprinkler: Auto-Part
Lot Dimensions:0.0x0.0x0.0
Garage Capacity:5
Zoning:1105
Roof:Asphalt
Others:Entry (Foyer),Lighting,Porch: Open,Blt./Standing
Sewer:Sewer: Connected,Sewer: Public
Parking Features:Parking: Uncovered
Principal Interest
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
$4,164
Taxes
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
$347

Home Price

$850,000

Home Price

Loan Details

30 yrs
6.198%

Interest Rate

Loan Type

Down Payment

20%
$170,000

Down Payment

Down Payment %

All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$4,163.91

Principal

Taxes

Principal Taxes HOA Total
Monthly $4,163.91 $347.08 $0.00 $4,510.99
Yearly $49,966.88 $4,165.00 $0.00 $54,131.88
Total $1,499,006.37 $124,950.00 $0.00 $1,623,956.37
Lender profile image
Preferred1765470255 Lender1765470255
My Title 1765470255
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Market insight data is pulled from the same city as the listing being viewed (Salt Lake City, UT).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Information deemed reliable but not guaranteed accurate. Buyer to verify all information.The multiple listing information is provided by Wasatch Front Regional Multiple Listing Service, Inc. from a copyrighted compilation of listings. The compilation of listings and each individual listing are © 2014 Wasatch Front Regional Multiple Listing Service, Inc., All Rights Reserved. The information provided is for consumers, personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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Data last updated: 2026-06-27T10:09:28.000Z

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