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1162 E 400 S, Salt Lake City, UT 84102
$2,300,000
1162 E 400 S, Salt Lake City, UT 84102
Units
8
Price/Unit
$287,500
Price/Sqft
$241
Est Gross Yield
6.7%
$153,984/yr est.
Property Details
Unit Mix
| Type | Count | Beds | Baths | Sqft | Rent/Mo |
|---|---|---|---|---|---|
| 2BR / 1BA | 1 | 2 | 1 | 1,105 | $1,440/mo |
| 2BR / 1BA | 1 | 2 | 1 | 1,105 | $1,600/mo |
| 2BR / 1BA | 1 | 2 | 1 | 1,105 | $1,440/mo |
| 2BR / 1BA | 1 | 2 | 1 | 1,105 | $1,600/mo |
| 2BR / 1BA | 1 | 2 | 1 | 1,105 | $1,700/mo |
| 2BR / 1BA | 1 | 2 | 1 | 1,105 | $1,645/mo |
| 2BR / 1BA | 1 | 2 | 1 | 1,105 | $1,645/mo |
| 2BR / 1BA | 1 | 2 | 1 | 1,105 | $1,440/mo |
| Total | 8 | 16 | 8 | 8,840 | $12,510/mo |
Unit mix data is reported by the seller or listing agent through the MLS and may be inaccurate or incomplete. Buyers should independently verify all information and conduct their own due diligence before making any investment decisions.
Description
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.
Listed by Porter Criddle · Investment Realty Advisors LLC
Location
1162 E 400 S, Salt Lake City, UT 84102
Proforma
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Cap Rate
4.45%
Cash-on-Cash
-0.60%
Cash Flow
-$430/mo
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Pro forma estimates are based on assumptions, not guaranteed, and should not be relied upon.
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© 2026 UtahRealEstate.com. All rights reserved. Based on information from the Wasatch Front Regional Multiple Listing Service, Inc. as of 5/6/2026, 6:32:43 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. Properties may or may not be listed by the office/agent presenting the information. Listing data provided by UtahRealEstate.com.