$1,500,000

1884 E SHEPARD LN, Lake Point, UT 84074

  • 4 beds |
  • 2 baths |
  • 2,880 sqft
  • Property Icon Duplex
  • Property Year Built Icon Built in 2001
  • Property Lot Size Icon1.1acre lot
  • Property Parking Icon 2 car garage
  • Property Price Per Square Feet Icon $521/sqft
  • Property List Date Icon Listed 9 months ago

Property Description

Rare Lake Point Duplex with Acreage, Mountain Views & Horse Property Rights. Discover a rare investment or house-hack opportunity in beautiful Lake Point! This charming 1.10-acre duplex offers the freedom of no HOA, horse property rights, and incredible potential-live in one unit and rent out the other, or keep both as part of your growing portfolio. Built in 2001 and lovingly maintained by the original owners, each unit includes a one-car garage, central air and heat, and Kinetico filtered water at the kitchen sink, plus a shared water softener. Both units feature walkout unfinished basements with exterior entries-a rare setup that provides the opportunity to finish and add even more rental income down the road. Enjoy peaceful, rural living with open mountain views and plenty of space for animals, trailers, or future development. The City of Lake Point may allow an ADU on the excess land in the future (buyer to verify). You'll love being just 25 minutes from Salt Lake City, with easy I-80 access, Lake Point Park nearby, and a bus stop less than half a block away. This property is one of only five grandfathered duplexes in Lake Point-a true limited inventory gem. Annual gross income is approximately $44,590, with a 2024 NOI of $38,600 and both leases secured through 2026. The sale includes two separate water rights for culinary and irrigation use. This duplex may be sold alone or alongside the nearby 0.18-acre buildable lot (MLS# 2096867), making it ideal for investors or those pursuing a 1031 exchange. Don't miss this chance to own one of Lake Point's rare multi-unit properties!

Listing Status:
Active
Date Added:
June 23, 2025
Data Last Updated:
April 4, 2026 at 7:40AM
Listing Office:
Real Broker, LLC : 801-505-9668
Listing Agent:
Ryan Konen : 928-208-9254
MLS ID:
2096777
  • General: DisposalFloor DrainsRange/Oven: Free Stdng.Dishwasher: Built-In
  • Laundry: Electric Dryer Hookup
  • Flooring: CarpetTile
  • Heating: Forced AirGas: Central
  • General: Bay Box WindowsDouble Pane WindowsWalkout
  • Style: Stories: 1
  • Parking: Parking spaces: 2
  • Roofing: Asbestos Shingle
  • Windows: Blinds
  • General: Blt./Standing
  • Originating MLS: UtahRealEstate.com
  • School District: Tooele
  • County: Tooele
  • Topography: Sprinkler: Auto-FullTerrain: MountainView: Mountain
  • Landscaping: Landscaping: Part
  • Zoning: Multi-Family10-027-C-0018
  • View: Mountain(s)View
  • Current Use: Residential
  • Utilities: Natural Gas ConnectedElectricity ConnectedSewer ConnectedWater Connected
  • Water: CulinaryRights: Owned
  • Sewer: Sewer: Connected
  • Source: UtahRealEstate.com

This listing courtesy of Ryan Konen , Real Broker, LLC

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

O

Old Mill Elementary School

92 Lodestone Way, Tooele, UT, 84074

Grades KG-6

2.70 miles away

T

Tooele Junior High School

411 W Vine St, Tooele, UT, 84074

Grades 7-8

10.39 miles away

S

Stansbury High School

5300 N Aberdeen Ln, Tooele, UT, 84074

Grades 9-12

4.05 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.