For sale MLS# 2153631 · 182 days on the market
$1,200,000
It starts with a call with an agent.
3135 S 200 E, South Salt Lake, UT 84115
About this home
Don't miss this rare chance to acquire a true legal conforming 4-plex with assumable seller financing at 5.5%. All four units are 2BD/1BA at 832 sq ft each, generating $6,135/month in gross rental income. The seller financing is an all-inclusive trust deed on an existing note amortized over 30 years with a balloon due October 31, 2030 - a qualified buyer with approximately $428,000 down steps directly into the note and locks in below-market financing on day one. The property has been comprehensively updated in the last three years: new roof, new furnaces and A/C units, brand new kitchens with granite countertops and soft-close cabinetry, new appliances and washer/dryers in every unit, new tile bathrooms, new electrical panels, and a full french drain. All four units have separate gas and electric meters, covered carport parking, and full laundry hookups. There is zero deferred maintenance and no capital improvements on the horizon - just clean, stable cash flow in a strong Salt Lake rental market. Always full occupancy. DO NOT DISTURB TENANTS. Make offers subject to inspection. Call listing agent prior to writing offer. Square footage per appraiser measurement - buyer to verify all information.
Written by the listing agent.
Location
Living in South Salt Lake
South Salt Lake is a city in Salt Lake County and a core inner suburb of Salt Lake City, part of the Salt Lake City metropolitan area.
- 26,777 residents (2020)
- 2 rail stations
- 4 named trails
- 11 named parks
Monthly payment
- Principal & interest
- $6,650
- Property tax
- $563
- Home insurance
- $110
10% down ($120,000), 30-year fixed at 6.25%. Tax from the MLS record; insurance is an estimate. Not a loan offer.
Details
- Style
- Up And Down
- Lot
- 0.18 acres
- Subdivision
- TEN AC PLAT A
- Parking
- Covered, Detached
- Heating
- Forced Air, Gas: Central
- Flooring
- Carpet, Laminate
See all 15 details
- Roof
- Asphalt
- Construction
- Brick
- Water
- Culinary
- Sewer
- Sewer: Connected, Sewer: Public
- Effective year built
- 2022
- County
- Salt Lake
- Faces
- West
- Zoning
- Single-Family
- Terms
- Cash, Conventional, FHA, Seller Finance, VA Loan
- Disposal
- Kitchen: Updated
- Range/Oven: Free Stdng.
- Double Pane Windows
- Entry (Foyer)
- Lighting
- Secured Building
- Curb & Gutter
- Sidewalks
- Sprinkler: Auto-Full
See all 18 features
Interior
- Disposal
- Kitchen: Updated
- Range/Oven: Free Stdng.
Exterior
- Double Pane Windows
- Entry (Foyer)
- Lighting
- Secured Building
Lot features
- Curb & Gutter
- Sidewalks
- Sprinkler: Auto-Full
- View: Mountain
- Drip Irrigation: Auto-Full
View
- Mountain(s)
Utilities
- Natural Gas Connected
- Electricity Connected
- Sewer Connected
- Sewer: Public
- Water Connected
Schools
Assigned schools as reported to the MLS by the listing agent. Boundaries change; confirm enrollment with the district. · Granite
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Listing courtesy of Real Broker, LLC / Joe Pierson. Based on information from UtahRealEstate.com as of 10/1/2026 9:13 PM. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or the MLS. All information should be independently reviewed and verified for accuracy.