1169 E 200 S
Salt Lake City, UT 84102
MLS #2085851

> 4 Units for Sale

Nestled in the heart of Salt Lake City's desirable Central City neighborhood, 1169 E 200 S is a 5,212 SF, well-maintained and character-rich seven-unit multifamily property offering timeless appeal, thoughtful updates, and strong tenant demand. Just minutes from the University of Utah and surrounded by walkable access to dining, shopping, and entertainment, this property presents an exceptional opportunity for investors seeking stability and upside. Originally constructed in 1924, this timeless property features two distinct structures: a front-facing building with five one-bedroom units and a rear duplex comprising a studio and a two-bedroom, one-bath residence. The rear duplex presents a unique opportunity for owner-occupants: it can be utilized as a private single-family home with exclusive access to the spacious backyard. This setup allows the owner to reside onsite while generating income from the five-unit front building-an exceptional "house hacking" opportunity at a larger, more lucrative scale. The property blends historic charm-such as original stained-glass windows-with modern updates that enhance tenant comfort and operational efficiency. UNIT CONFIGURATION: Rear Duplex: - Studio + 2BD/1BA - The 2-bedroom unit features a rare and desirable amenity: a large, private yard-uncommon for multifamily properties in the area. - Original stained-glass windows add unique character, while all other windows have been updated. Front 5-Unit Building: - Five distinct 1-bedroom units, each showcasing early 20th-century charm and unique layouts. Rental & Income Potential According to Rentometer, market-rate rents in the area average: Studios: $1,323 1-Bedrooms: $1,438 2-Bedrooms: $1,662 Current average rents at the property are: Studios: $995 1-Bedrooms: $1,300 2-Bedrooms: $1,795 With several units renting below market, there is clear value add potential through strategic rent adjustments and continued modernization. Additionally, the unique features of certain units- such as private yard space and historic architectural elements-offer opportunities to command premium rents.