1150 400, Salt Lake City, UT 84111
4BD/—BA Residential in Salt Lake City, UT 84111. 2,370 sqft. Built 1910. Listed at $990,000. MLS #2135582.
4BD/—BA Residential in Salt Lake City, UT 84111. 2,370 sqft. Built 1910. Listed at $990,000. MLS #2135582.
An exceptional investment opportunity in the heart of Salt Lake City. This well-maintained fourplex delivers reliable, market-rate rental income with all units consistently leased - a true turn-key income property with a proven performance history. Recent capital improvements including electrical, plumbing, roof, and interior upgrades have positioned this asset for continued stability and minimal maintenance. Ideally located within walking distance to Liberty Park and just minutes from 9th & 9th, Salt Lake Community College, and public transportation, this property benefits from deep tenant demand and long-term rental durability. Additional highlights include excellent off-street parking, efficient unit layouts, and a coveted location that continues to attract quality renters drawn to convenience, walkability, and easy access to downtown amenities. A rare opportunity to acquire a stabilized, income-producing fourplex in one of Salt Lake City's most sought-after rental corridors.
Property Type
Residential
Property Style
Quadruplex
Architectural Style
Stories: 2
Subdivision
FIVE ACRE
County
Salt Lake
Zoning
Multi-Family
Construction
Clapboard
Lot Size
0.2 sq ft
Condition
Blt./Standing
MLS #
2135582
Property Type
Residential
Property Style
Quadruplex
Architectural Style
Stories: 2
Subdivision
FIVE ACRE
County
Salt Lake
Zoning
Multi-Family
Construction
Clapboard
Lot Size
0.2 sq ft
Condition
Blt./Standing
MLS #
2135582
List Price
$990,000
Original Price
$1,190,000
Annual Taxes
$6,104
Home Warranty
No
List Price
$990,000
Original Price
$1,190,000
Annual Taxes
$6,104
Home Warranty
No
Heating
Gas: Central
Roof
Asphalt
Flooring
Carpet,Tile,Vinyl
Materials
Clapboard
Sewer
Sewer: Connected,Sewer: Public
View
Mountain(s)
Heating
Gas: Central
Roof
Asphalt
Flooring
Carpet,Tile,Vinyl
Materials
Clapboard
Sewer
Sewer: Connected,Sewer: Public
View
Mountain(s)
Covered Spaces
0
Total Parking
4
Covered Spaces
0
Total Parking
4
Why this is a deal
Classification
Great Deal (vs Similar)
Deal Score
93/100
vs Similar Homes
18% below
vs Market Median
39% above
Price Reduced
16.8%
Area Growth (YoY)
-0.9%
Deal Score Breakdown
93/100 · 2 qualifying signals
17% price reduction from original list — seller may be motivated
Priced 18% below the median of similar listings
Priced 39% above the per-subtype city median
-0.9% year-over-year ZHVI growth in this area
STR net cashflow -$3,962/mo (-57.9% return). Uses the better of LT or STR against total monthly ownership cost (P&I, tax, insurance, HOA, maintenance).
Ensemble scoring: the best single signal sets the floor, secondary qualifying signals (≥60) each add 5 points up to +20. A home that strongly wins on one dimension is already a great deal — it doesn't need to tick every box.
Why this classification
Est. Annual Revenue
$49,333/yr
$395/night · 39% occupancy · $131/bedroom · $0.43/sqft
Net Monthly Cash Flow
−$3,962 /mo (−$47,541/yr)
Monthly STR income
Monthly ownership cost
Coverage
60%
Net /mo
−$3,962
DSCR
0.57
Best Download
8 Gbps
Best Upload
8 Gbps
Fiber Available
Yes
Providers
11
Available Providers
$575,000
+72% vs median
55 days
621
$184,000 – $7,995,000
$6,104
High Crime
28.7
per 1,000
83.9
per 1,000
34.5
per 1,000
147.1
per 1,000
National rates use FBI UCR Index Crimes. Local rates use NIBRS which may include additional offense categories.
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