1162 400, Salt Lake City, UT 84102
16BD/—BA Residential in Salt Lake City, UT 84102. 9,563 sqft. Built 1973. Listed at $2,300,000. MLS #2155284.
16BD/—BA Residential in Salt Lake City, UT 84102. 9,563 sqft. Built 1973. Listed at $2,300,000. MLS #2155284.
Rare opportunity to acquire a large-unit 8-plex steps from the University of Utah. Each of the eight units offers approximately 1,100 square feet with a 2-bedroom / 1-bathroom layout, an ideal configuration for both traditional leasing and student-oriented rental models. Strong location within walking distance to campus, transit, and downtown Salt Lake City supports consistent tenant demand. The property offers cosmetic value-add potential and operational upside through rental strategy improvements. Historically operated under multiple leasing structures, providing flexibility for investors to optimize income (buyer to verify). Owner/Agent.
Property Type
Residential
Property Style
> 4 Units
Architectural Style
Stories: 3
Subdivision
PLAT F
County
Salt Lake
Zoning
Multi-Family
Construction
Brick
Lot Size
0.27 sq ft
Condition
Blt./Standing
MLS #
2155284
Property Type
Residential
Property Style
> 4 Units
Architectural Style
Stories: 3
Subdivision
PLAT F
County
Salt Lake
Zoning
Multi-Family
Construction
Brick
Lot Size
0.27 sq ft
Condition
Blt./Standing
MLS #
2155284
List Price
$2,300,000
Annual Taxes
$12,164
Home Warranty
No
List Price
$2,300,000
Annual Taxes
$12,164
Home Warranty
No
Heating
Gas: Central
Roof
Membrane
Flooring
Carpet,Laminate,Vinyl
Materials
Brick
Sewer
Sewer: Connected
View
Mountain(s)
Heating
Gas: Central
Roof
Membrane
Flooring
Carpet,Laminate,Vinyl
Materials
Brick
Sewer
Sewer: Connected
View
Mountain(s)
Garage Spaces
2
Covered Spaces
10
Total Parking
12
Garage Spaces
2
Covered Spaces
10
Total Parking
12
Why this is a deal
Classification
Great Deal (vs Market)
Deal Score
82/100
vs Similar Homes
28% above
vs Market Median
20% below
Area Growth (YoY)
-0.8%
Deal Score Breakdown
82/100 · 1 qualifying signal
Priced 20% below the per-subtype city median
Priced 28% above the median of similar listings
-0.8% year-over-year ZHVI growth in this area
STR net cashflow -$8,303/mo (-53.4% return). Uses the better of LT or STR against total monthly ownership cost (P&I, tax, insurance, HOA, maintenance).
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
Est. Annual Revenue
$124,096/yr
$395/night · 39% occupancy · $131/bedroom · $0.43/sqft
Net Monthly Cash Flow
−$8,302 /mo (−$99,626/yr)
Monthly STR income
Monthly ownership cost
Coverage
67%
Net /mo
−$8,303
DSCR
0.63
Best Download
8 Gbps
Best Upload
8 Gbps
Fiber Available
Yes
Providers
11
Available Providers
$570,000
+304% vs median
57 days
615
$184,000 – $7,995,000
$12,164
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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