128 1000, Salt Lake City, UT 84102
7BD/—BA Residential in Salt Lake City, UT 84102. 4,900 sqft. Built 1910. Listed at $1,600,000. MLS #2169501.
7BD/—BA Residential in Salt Lake City, UT 84102. 4,900 sqft. Built 1910. Listed at $1,600,000. MLS #2169501.
***GRAND OPENING SUNDAY 7/5 11-2 PM*** Beautifully built, well maintained, one-of-a-kind 5-PLEX that can seamlessly CONVERT into a 3 OR 4 PLEX, which creates an incredibly rare opportunity to obtain HIGHLY PREFERABLE <4 UNIT FINANCING... Historic charm, vaulted ceilings, quality finishes, stained glass, heated flooring, WOLF Range, wooden Pella doors & windows. The superb finishes allow for rents 20% higher than comps! Fantastic high demand location for long term, STRs, MTRs, now & in the future for 2034 Olympics. Perfect for owner occupants with low FHA/VA or conventional loans or investors looking for a CREATIVE cheap financing strategy! TENANT OCCUPIED, 24 HOUR NOTICE REQUIRED. ***Copy, paste & VIEW MATTERPORT TOUR BEFORE REQUESTING A SHOWING*** https://my.matterport.com/show/?m=XCfnoS4ZmcU
Property Type
Residential
Property Style
Quadruplex
Architectural Style
Five-Plex
County
Salt Lake
Zoning
Multi-Family
Construction
Brick,Cedar,Stone
Lot Size
0.15 sq ft
Condition
Blt./Standing
MLS #
2169501
Property Type
Residential
Property Style
Quadruplex
Architectural Style
Five-Plex
County
Salt Lake
Zoning
Multi-Family
Construction
Brick,Cedar,Stone
Lot Size
0.15 sq ft
Condition
Blt./Standing
MLS #
2169501
List Price
$1,600,000
Annual Taxes
$7,984
Home Warranty
No
List Price
$1,600,000
Annual Taxes
$7,984
Home Warranty
No
Heating
Forced Air,Gas: Radiant,Radiant Floor
Roof
Wood
Flooring
Hardwood,Tile
Materials
Brick,Cedar,Stone
Patio & Porch
Covered,Patio: Open
Water Source
Culinary
Sewer
Sewer: Connected,Sewer: Public
View
Mountain(s)
Heating
Forced Air,Gas: Radiant,Radiant Floor
Roof
Wood
Flooring
Hardwood,Tile
Materials
Brick,Cedar,Stone
Patio & Porch
Covered,Patio: Open
Water Source
Culinary
Sewer
Sewer: Connected,Sewer: Public
View
Mountain(s)
Garage Spaces
3
Covered Spaces
3
Total Parking
8
Garage Spaces
3
Covered Spaces
3
Total Parking
8
Why this is a deal
Classification
Standard
Deal Score
65/100
vs Market Median
10% below
Area Growth (YoY)
-1.2%
Deal Score Breakdown
65/100 · 1 qualifying signal
Priced 10% below the per-subtype city median
LT net cashflow -$350/mo (-3.2% return on ownership cost) · STR net cashflow -$6,695/mo (-61.8% return). Uses the better of LT or STR against total monthly ownership cost (P&I, tax, insurance, HOA, maintenance).
-1.2% year-over-year ZHVI growth in this area
No price reduction from original list
Not enough comparable listings
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
$11,909/mo
Range: $9,459 – $14,359
Net Monthly Cash Flow
−$350 /mo (−$4,204/yr)
Monthly rental income
Monthly ownership cost
Coverage
110%
Net /mo
−$350
DSCR
1.30
Est. Annual Revenue
$70,894/yr
$389/night · 39% occupancy · $132/bedroom · $0.42/sqft
Net Monthly Cash Flow
−$6,694 /mo (−$80,334/yr)
Monthly STR income
Monthly ownership cost
Coverage
55%
Net /mo
−$6,695
DSCR
0.51
Best Download
10 Gbps
Best Upload
10 Gbps
Fiber Available
Yes
Providers
15
Available Providers
$587,500
+172% vs median
39 days
660
$175,000 – $7,995,000
$7,984
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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