For sale MLS# 2155284 · 175 days on the market
$2,300,000
It starts with a call with an agent.
1162 E 400 S, Salt Lake City, UT 84102
About this home
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.
Written by the listing agent.
Location
The market in Salt Lake City today
$2,300,000 is 156% above the median asking price in Salt Lake City.
At $241 per sqft it asks 19% less than the median in the city.
49% of the listings for sale have lowered their price at least once.
From the listings for sale, as of October 26, 2026. Asking prices only: Utah does not make sold prices public.
Living in Salt Lake City
Salt Lake City is the capital and most populous city of Utah, founded in 1847 and located in a valley near the Great Salt Lake.
- 199,723 residents (2020)
- 24 rail stations
- 79 named trails
- 101 named parks
Monthly payment
- Principal & interest
- $12,745
- Property tax
- $1,014
- Home insurance
- $110
10% down ($230,000), 30-year fixed at 6.25%. Tax from the MLS record; insurance is an estimate. Not a loan offer.
Details
- Style
- Stories: 3
- Garage
- 2 cars
- Lot
- 0.27 acres
- Subdivision
- PLAT F
- Parking
- Covered
- Heating
- Gas: Central
See all 13 details
- Flooring
- Carpet, Laminate, Vinyl
- Roof
- Membrane
- Construction
- Brick
- Sewer
- Sewer: Connected
- County
- Salt Lake
- Zoning
- Multi-Family
- Terms
- Cash, Conventional, Exchange
- Disposal
- Range/Oven: Free Stdng.
- Sidewalks
- Sprinkler: Auto-Full
- View: Mountain
- Mountain(s)
- Natural Gas Connected
- Electricity Connected
- Sewer Connected
- Water Connected
Schools
Assigned schools as reported to the MLS by the listing agent. Boundaries change; confirm enrollment with the district. · Salt Lake
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Listing courtesy of Investment Realty Advisors LLC / Porter Criddle. Based on information from UtahRealEstate.com as of 5/4/2026 2:11 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.