1884 SHEPARD, Lake Point, UT 84074
4BD/—BA Residential in Lake Point, UT 84074. 2,880 sqft. Built 2001. Listed at $1,500,000. MLS #2096777.
4BD/—BA Residential in Lake Point, UT 84074. 2,880 sqft. Built 2001. Listed at $1,500,000. MLS #2096777.
$1,500,000
Rare Lake Point Duplex with Acreage, Mountain Views & Horse Property Rights. Discover a rare investment or house-hack opportunity in beautiful Lake Point! This charming 1.10-acre duplex offers the freedom of no HOA, horse property rights, and incredible potential-live in one unit and rent out the other, or keep both as part of your growing portfolio. Built in 2001 and lovingly maintained by the original owners, each unit includes a one-car garage, central air and heat, and Kinetico filtered water at the kitchen sink, plus a shared water softener. Both units feature walkout unfinished basements with exterior entries-a rare setup that provides the opportunity to finish and add even more rental income down the road. Enjoy peaceful, rural living with open mountain views and plenty of space for animals, trailers, or future development. The City of Lake Point may allow an ADU on the excess land in the future (buyer to verify). You'll love being just 25 minutes from Salt Lake City, with easy I-80 access, Lake Point Park nearby, and a bus stop less than half a block away. This property is one of only five grandfathered duplexes in Lake Point-a true limited inventory gem. Annual gross income is approximately $44,590, with a 2024 NOI of $38,600 and both leases secured through 2026. The sale includes two separate water rights for culinary and irrigation use. This duplex may be sold alone or alongside the nearby 0.18-acre buildable lot (MLS# 2096867), making it ideal for investors or those pursuing a 1031 exchange. Don't miss this chance to own one of Lake Point's rare multi-unit properties!
Property Type
Residential
Property Style
Duplex
Architectural Style
Stories: 1
Subdivision
THOMASVILLE
County
Tooele
Zoning
Multi-Family
Construction
Aluminum,Brick,Frame
Lot Size
1.1 sq ft
Condition
Blt./Standing
MLS #
2096777
Property Type
Residential
Property Style
Duplex
Architectural Style
Stories: 1
Subdivision
THOMASVILLE
County
Tooele
Zoning
Multi-Family
Construction
Aluminum,Brick,Frame
Lot Size
1.1 sq ft
Condition
Blt./Standing
MLS #
2096777
List Price
$1,500,000
Annual Taxes
$4,053
Home Warranty
No
List Price
$1,500,000
Annual Taxes
$4,053
Home Warranty
No
Heating
Forced Air,Gas: Central
Roof
Asbestos Shingle
Flooring
Carpet,Tile
Materials
Aluminum,Brick,Frame
Laundry
Electric Dryer Hookup
Water Source
Culinary,Rights: Owned
Sewer
Sewer: Connected
View
Mountain(s)
Heating
Forced Air,Gas: Central
Roof
Asbestos Shingle
Flooring
Carpet,Tile
Materials
Aluminum,Brick,Frame
Laundry
Electric Dryer Hookup
Water Source
Culinary,Rights: Owned
Sewer
Sewer: Connected
View
Mountain(s)
Garage Spaces
2
Covered Spaces
2
Total Parking
2
Garage Spaces
2
Covered Spaces
2
Total Parking
2
Select agents you'd like to hear from. They'll be notified of your interest — your contact details stay private until you choose to respond.
Salt Lake City Real Estate Broker Focused on Pricing, Positioning, and Results
Devin Tanner - Utah Realtor
Your inquiry goes to the listing agent.
Fast Response
Typically within 2 hours during business hours
Built with AI to help you find your perfect home
Powered by AI • Secured by Supabase • Trusted by Agents