1. Utah
  2. Salt Lake City
  3. 275 W 500 N
$850,000

275 W 500 N, Salt Lake City, UT 84103

  • 6 beds |
  • 3 baths |
  • 3,557 sqft
  • Property Icon Triplex
  • Property Year Built Icon Built in 1906
  • Property Lot Size Icon5,227sqft lot
  • Property Parking Icon 4 car garage
  • Property Price Per Square Feet Icon $239/sqft
  • Property List Date Icon Listed 4 months ago

Property Description

Three-unit property located in the heart of the Marmalade district, across the street from the library. It is in a prime location a few blocks from downtown, the freeway on-ramp, and the university. This re-emerging community lends to walkability with various points of interest such as The Delta Center, Ace Hardware, coffee shops, restaurants, and schools. Close to the new 300 west walkable corridor that could boost property values in the area. With full tenant occupancy until June, this turnkey property can produce a profit, or the primary resident can offset mortgage payments with rent. All units have their own washer and dryer. A new tankless water heater and generator as well as all electrical updated. Separate electrical box for top and bottom unit. The 1,100 sq. ft. garage is a key feature of the property. The garage has the option of subdividing for storage for each unit and increase rents. Or if the city will allow, a fourth unit could be constructed adding more rental income. Great opportunity to start your investment portfolio!

Listing Status:
Active
Date Added:
April 17, 2025 at 06:00AM
Listing Office:
Equity Real Estate (Solid) : 801-499-6463
Listing Agent:
Whitney Lyle : 801-499-6463
MLS ID:
2078452
  • General: Basement ApartmentCloset: Walk-InDisposalKitchen: UpdatedRange/Oven: Built-InRange/Oven: Free Stdng.Granite CountertopsDishwasher: Built-In
  • Laundry: Electric Dryer Hookup
  • Flooring: CarpetHardwoodTile
  • Heating: Hot Water

This listing courtesy of Whitney Lyle, Equity Real Estate (Solid)

Monthly Payment

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

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Location

Schools Nearby

W

Washington School

420 N 200 W, Salt Lake City, UT, 84103

Grades PK-6

0.18 miles away

S

Salt Lake Center for Science Education Bryant

40 S 800 E, Salt Lake City, UT, 84102

Grades 7-8

1.76 miles away

W

West High School

241 N 300 W, Salt Lake City, UT, 84103

Grades 7-12

0.37 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.

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