427 E 1st Ave
Salt Lake City, UT 84103
MLS #2072561

Triplex for Sale

Seller is open to offering flexible seller financing options with a strong down payment. Willing to negotiate a rate that works for both parties-creating a win-win opportunity for the right buyer. Also, current studio leases end in May then go month to month. Those market rents for the area are $1200-$1325 right now. The main unit is occupied by the owner. However, market rents suggest $3300-$4300 for a 3 bedroom space in this prime location. Contact the listing agent for full details. Full of character and charm, this classic craftsman-style triplex sits in the heart of the Avenues, one of Salt Lake City's most sought-after neighborhoods. A fantastic investment opportunity, this legal triplex features separate electric meters, a detached two-car garage, and several recent upgrades, including a new HVAC system (2023), a new main waterline (2024), and new carpet in the main unit (2024). Whether you're an owner-occupant or an investor, this property offers consistent rental demand with its proximity to the University of Utah and downtown. Enjoy nearby historic charm, scenic trails, and some of the city's best dining just minutes away. With the option to convert back into a single-family home, the possibilities are endless. Don't miss this rare opportunity to own a piece of Salt Lake City's history in an unbeatable location.