About 1162 E 400 S
**PRICE IMPROVEMENT** Don't miss this rare chance to own a large 8-plex in one of Salt Lake City's most desirable rental markets! Ideally located within 5 minutes walking distance to the University of Utah, near public transit, and downtown Salt Lake City, this property offers an unbeatable location for tenants. Each of the eight units boasts a spacious 1,100 sq. ft. layout featuring 2 bedrooms and 1 bathroom. With cosmetic renovation potential, there is a great opportunity to increase rents and maximize returns. No Seller Financing Available. Prior owner rented to students by the bed with four beds per two bedroom up to 32 beds. A buyer could explore going back to this option, and may be able to get around $600/bed x 32 = $19,200/mo x 12 = $230,400/yr. This option is not guaranteed but may be something to look into. Currently the units are rented individually, some by the room. All measurements are provided as a courtesy. Buyer to verify all information independently. Owner/Agent.
Features of 1162 E 400 S
| MLS® # | 2071896 |
|---|---|
| Price | $2,300,000 |
| Bedrooms | 16 |
| Bathrooms | 8.00 |
| Square Footage | 9,563 |
| Acres | 0.27 |
| Year Built | 1973 |
| Type | Residential |
| Sub-Type | > 4 Units |
| Style | Stories: 3 |
| Status | Active |
Community Information
| Address | 1162 E 400 S |
|---|---|
| Area | Salt Lake City; So. Salt Lake |
| Subdivision | PLAT F |
| City | Salt Lake City |
| County | Salt Lake |
| State | UT |
| Zip Code | 84102 |
Amenities
| Utilities | Natural Gas Connected, Electricity Connected, Sewer Connected, Water Connected |
|---|---|
| Parking Spaces | 8 |
| Parking | Covered |
| # of Garages | 2 |
| View | Mountain(s) |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Interior | Carpet, Laminate, Vinyl |
|---|---|
| Interior Features | Disposal, Range/Oven: Free Stdng. |
| Heating | Gas: Central |
| Fireplace | No |
Exterior
| Lot Description | Sidewalks, Sprinkler: Auto-Full, View: Mountain |
|---|---|
| Windows | Blinds |
| Roof | Membrane |
| Construction | Brick |
School Information
| District | Salt Lake |
|---|---|
| Elementary | Bennion (M Lynn) |
| Middle | Bryant |
| High | East |
Additional Information
| Date Listed | March 21st, 2025 |
|---|---|
| Days on Market | 204 |
| Zoning | Multi-Family |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Agent | Joseph Mills |
|---|---|
| Office | Investment Realty Advisors LLC |
| Contact Info | 435-485-7070 |