For sale MLS# 2183101 · 53 days on the market
$855,000
It starts with a call with an agent.
157 S 800 E, Salt Lake City, UT 84102
About this home
Fabulous U of U and downtown multi-unit rental and/or group home facility with new paint and carpet! Fabulous value with room to increase rents throughout! Current rent rates are low and have not been raised in years! This multi-unit property was originally built as an elderly care facility that required overhead water sprinklers, which are currently in place. The property is licensed and used for multi-unit rentals that allow apartment and single-room tenants up to 10 Doors. There is one 2-Bedroom, one-bath and a 1-Bedroom, one-bath apartment on the main floor. There are 8 single room rentals on the second floor that share a common kitchen area and 2 1/2 full baths. This property is perfect "As Is" or can be developed into an Airbnb, Hostel Group Home, or Apartments. The boiler is only a couple of years old, is 90%+ efficient, and represents a $30,000 investment. The roof is also in excellent condition, providing additional peace of mind for the buyer.
Written by the listing agent.
Location
The market in Salt Lake City today
$855,000 is 5% below the median asking price in Salt Lake City.
At $143 per sqft it asks 52% 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
- $4,738
- Property tax
- $375
- Home insurance
- $110
10% down ($85,500), 30-year fixed at 6.25%. Tax from the MLS record; insurance is an estimate. Not a loan offer.
Details
- Style
- Stories: 2
- Garage
- 5 cars
- Lot
- 0.22 acres
- Parking
- Parking: Uncovered, Detached
- Heating
- Gas: Radiant, Hot Water, >= 95% efficiency
- Flooring
- Carpet, Hardwood, Linoleum, Vinyl
See all 15 details
- Roof
- Asphalt
- Construction
- Stucco
- Water
- Culinary
- Sewer
- Sewer: Connected, Sewer: Public
- Effective year built
- 1991
- County
- Salt Lake
- Faces
- West
- Zoning
- Multi-Family
- Terms
- Cash, Commercial Fin. Req., Seller Finance
- Entry (Foyer)
- Lighting
- Curb & Gutter
- Fenced: Part
- Road: Paved
- Secluded
- Sidewalks
- View: Mountain
- Private
- Mountain(s)
See all 15 features
Exterior
- Entry (Foyer)
- Lighting
Lot features
- Curb & Gutter
- Fenced: Part
- Road: Paved
- Secluded
- Sidewalks
- View: Mountain
- Private
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. · Salt Lake
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Listing courtesy of Masters Utah Real Estate / Terry Cononelos. Based on information from UtahRealEstate.com as of 9/3/2026 3:01 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.