1175 300, Salt Lake City, UT 84111
4BD/—BA Residential in Salt Lake City, UT 84111. 2,900 sqft. Built 1902. Listed at $850,000. MLS #2146633.
4BD/—BA Residential in Salt Lake City, UT 84111. 2,900 sqft. Built 1902. Listed at $850,000. MLS #2146633.
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%
Property Type
Residential
Property Style
> 4 Units
Architectural Style
Five-Plex
County
Salt Lake
Zoning
Multi-Family
Construction
Brick,Cedar,Stone,Stucco
Lot Size
0.21 sq ft
Condition
Blt./Standing
MLS #
2146633
Property Type
Residential
Property Style
> 4 Units
Architectural Style
Five-Plex
County
Salt Lake
Zoning
Multi-Family
Construction
Brick,Cedar,Stone,Stucco
Lot Size
0.21 sq ft
Condition
Blt./Standing
MLS #
2146633
List Price
$850,000
Annual Taxes
$4,165
Home Warranty
No
List Price
$850,000
Annual Taxes
$4,165
Home Warranty
No
Heating
Electric,Gas: Central,Gas: Stove
Roof
Asphalt
Flooring
Carpet,Linoleum,Tile
Materials
Brick,Cedar,Stone,Stucco
Laundry
Electric Dryer Hookup
Patio & Porch
Porch: Open
Water Source
Culinary
Sewer
Sewer: Connected,Sewer: Public
Heating
Electric,Gas: Central,Gas: Stove
Roof
Asphalt
Flooring
Carpet,Linoleum,Tile
Materials
Brick,Cedar,Stone,Stucco
Laundry
Electric Dryer Hookup
Patio & Porch
Porch: Open
Water Source
Culinary
Sewer
Sewer: Connected,Sewer: Public
Covered Spaces
0
Total Parking
5
Covered Spaces
0
Total Parking
5
Why this is a deal
Classification
Great Deal (vs Similar)
Deal Score
100/100
vs Similar Homes
81% below
vs Market Median
27% above
Area Growth (YoY)
-0.3%
Deal Score Breakdown
100/100 · 1 qualifying signal
Priced 81% below the median of similar listings
LT net cashflow +$15/mo (+0.3% return on ownership cost) · STR net cashflow -$2,572/mo (-44.4% return). Uses the better of LT or STR against total monthly ownership cost (P&I, tax, insurance, HOA, maintenance).
Priced 27% above the per-subtype city median
-0.3% year-over-year ZHVI growth in this area
No price reduction from original list
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
Monthly Rent
$6,593/mo
Range: $4,898 – $8,289
Net Monthly Cash Flow
+$15 /mo (+$175/yr)
Monthly rental income
Monthly ownership cost
Coverage
114%
Net /mo
+$15
DSCR
1.35
Est. Annual Revenue
$55,118/yr
$389/night · 39% occupancy · $132/bedroom · $0.42/sqft
Net Monthly Cash Flow
−$2,572 /mo (−$30,867/yr)
Monthly STR income
Monthly ownership cost
Coverage
79%
Net /mo
−$2,572
DSCR
0.75
Best Download
10 Gbps
Best Upload
10 Gbps
Fiber Available
Yes
Providers
14
Available Providers
$580,150
+47% vs median
47 days
664
$199,900 – $7,995,000
$4,165
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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Daryn Edmunds - High Road Properties

Salt Lake City Real Estate Broker Focused on Pricing, Positioning, and Results

Devin Tanner - Utah Realtor
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