1175 S 300 E, Salt Lake City, UT 84111

• 4 beds |
• 5 baths |
• 2,900 sqft

Property Description

Exceptional opportunity in the highly desirable Liberty Wells neighborhood, just minutes from downtown Salt Lake City and Sugar House. This charming 5-plex offers immediate income with significant upside potential. Current rents are below market due to long-term tenants, all on month-to-month leases, providing flexibility for a new owner to reposition and increase returns. The property features a well-maintained main house (built in 1902) with two one-bedroom units and one studio, plus a separate building with two additional one-bedroom apartments. Each unit offers functional layouts with kitchens or kitchenettes and individual heating systems (in main home, shared in back dwelling), appealing to a wide tenant base. Recent capital improvements include a new water line from the street to the home (2025), updated main house plumbing (2025), water heater replacement for the back building (2021), and new refrigerator in Unit #3 (2022)-reducing near-term maintenance concerns. Situated in a walkable location near restaurants, shopping, and entertainment, this property combines historic character with strong rental demand. Ideal for investors seeking a value-add asset with both immediate cash flow and long-term appreciation potential. Off street parking and conveinant on street parking. Buyer and buyer's agent to verify all information, including square footage. Estimated market rents (conservative Liberty Wells / Sugarhouse range): 1-bed units: ~$1,100$1,250 Studio: ~$900$1,000 Projected Stabilized Monthly Income (mid-range): (4 $1,175) + $950 = $5,650/month Projected Annual Income: $67,800 Projected NOI: $67,800 $11,448 = $56,352 Stabilized Cap Rate (at $850,000): 6.63%

Listing Status:

Active

Date Added:

March 28, 2026

Data Last Updated:

June 26, 2026 at 1:42PM

Listing Office:

Windermere Real Estate (Draper) : 801-449-9400

Listing Agent:

Connie S Elliott : 801-558-3672

MLS ID:

2146633

Interior

• General: DisposalRange/Oven: Free Stdng.
• Laundry: Electric Dryer Hookup
• Flooring: CarpetLinoleumTile
• Heating: ElectricGas: CentralGas: Stove

Exterior

• General: Entry (Foyer)LightingPorch: Open
• Style: Five-Plex
• Parking: Parking: UncoveredParking spaces: 5

Construction

• Roofing: Asphalt
• Windows: Blinds
• General: Blt./Standing

Location

• Originating MLS: UtahRealEstate.com
• School District: Salt Lake
• County: Salt Lake

Lot

• Topography: Curb & GutterFenced: PartRoad: PavedSidewalksSprinkler: Auto-PartTerrainFlat
• Landscaping: Landscaping: FullMature Trees
• Zoning: Multi-Family16-07-382-006
• Current Use: Residential

Utilities

• Utilities: Natural Gas ConnectedElectricity ConnectedSewer ConnectedSewer: PublicWater Connected
• Water: Culinary
• Sewer: Sewer: ConnectedSewer: Public

Financial

• Source: UtahRealEstate.com