220 LESLIE, Salt Lake City, UT 84115
4BD/—BA Residential in Salt Lake City, UT 84115. 2,400 sqft. Built 1967. Listed at $799,900. MLS #2153669.
4BD/—BA Residential in Salt Lake City, UT 84115. 2,400 sqft. Built 1967. Listed at $799,900. MLS #2153669.
$5,276/month or $63,312/year gross rent! Turnkey fourplex with no vacancy in the heart of South Salt Lake. Solid brick, side by side units fully updated with modern kitchens w/stainless steel appliances, updated bathrooms, durable flooring, and in unit laundry with front loading washer/dryer included. Each unit features 2 efficient ductless mini split heat pump systems for year round heating and cooling. Extensive updates include new: roof, windows, kitchens, baths, countertops, tile, plumbing, electrical, water heaters, asphalt, concrete, and appliances, plus a beautiful white vinyl fence in excellent condition for added privacy and curb appeal. Thoughtfully renovated with accessibility in mind, including ADA-friendly bathroom/kitchen/laundry layouts, single-level living + no step entry. Tenants enjoy off street parking, private locking storage sheds, and additional street parking. Strong rental history with no missed payments and additional upside through optional storage, parking, or pet rent. Prime location near downtown, freeways, TRAX, SLCC, and the University of Utah, tucked into a quiet residential pocket surrounded by well kept single family homes. Clean, low maintenance, and easy to manage investment with immediate cash flow.
Property Type
Residential
Property Style
Quadruplex
Architectural Style
Side By Side
County
Salt Lake
Zoning
Multi-Family
Construction
Brick
Lot Size
0.14 sq ft
Condition
Blt./Standing
MLS #
2153669
Property Type
Residential
Property Style
Quadruplex
Architectural Style
Side By Side
County
Salt Lake
Zoning
Multi-Family
Construction
Brick
Lot Size
0.14 sq ft
Condition
Blt./Standing
MLS #
2153669
List Price
$799,900
Original Price
$824,900
Home Warranty
No
List Price
$799,900
Original Price
$824,900
Home Warranty
No
Heating
Electric,Heat Pump
Roof
Asphalt
Flooring
Laminate,Tile
Materials
Brick
Laundry
Electric Dryer Hookup
Water Source
Culinary
Sewer
Sewer: Connected,Sewer: Public
Heating
Electric,Heat Pump
Roof
Asphalt
Flooring
Laminate,Tile
Materials
Brick
Laundry
Electric Dryer Hookup
Water Source
Culinary
Sewer
Sewer: Connected,Sewer: Public
Covered Spaces
0
Total Parking
4
Covered Spaces
0
Total Parking
4
Why this is a deal
Classification
Great Deal (vs Similar)
Deal Score
95/100
vs Similar Homes
27% below
vs Market Median
29% above
Price Reduced
3.0%
Area Growth (YoY)
0.9%
Deal Score Breakdown
95/100 · 1 qualifying signal
Priced 27% below the median of similar listings
3% price reduction from original list — seller may be motivated
Priced 29% above the per-subtype city median
0.9% year-over-year ZHVI growth in this area
STR net cashflow -$2,153/mo (-42.6% 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
$49,706/yr
$395/night · 39% occupancy · $131/bedroom · $0.43/sqft
Net Monthly Cash Flow
−$2,152 /mo (−$25,828/yr)
Monthly STR income
Monthly ownership cost
Coverage
82%
Net /mo
−$2,153
DSCR
0.73
Elementary
Woodrow WilsonMiddle School
Granite ParkHigh School
CottonwoodSchool District
Granite
Best Download
8 Gbps
Best Upload
8 Gbps
Fiber Available
Yes
Providers
13
Available Providers
$570,000
+40% vs median
57 days
615
$184,000 – $7,995,000
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.
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

Daryn Edmunds - High Road Properties

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