1175 S 300 E, Salt Lake City, UT, 84111
About This Home
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%
Getting Around
Somewhat Walkable
Good Transit
Biker's ParadiseSchools
Construction
Condition
- Property condition: Blt./Standing
- Year built: 1902
Materials
- Roof: Asphalt
- Construction materials: Brick,Cedar,Stone,Stucco
Notable Dates
- Major remodel year: 2000
Type & Style
- Home type: MultiFamily
- Property subType: Multi Family
Interior
Appliances
- Appliances included: Disposal,Free-Standing Range
- Laundry features: Electric Dryer Hookup
Bedrooms & Bathrooms
- Bedrooms: 4
- Bathrooms: 5
Features
- Window features: Blinds
- Flooring: Carpet,Linoleum,Tile
Heating
- Heating features: Electric,Central,Gas Stove
Interior Area
- Total structure area: 2,900
- Total interior livable area: 2,900 sqft
Property
Details
- Parcel number: 1607382006
- Attached to another structure: Yes
- Zoning: 1105
- Zoning description: Multi-Family
Features
- Patio & porch: Porch,Open Porch
- Exterior features: Entry (Foyer),Lighting
- Fencing: Partial
- Topography of land: Terrain
- Residential vegetation: Landscaping: Full,Mature Trees
Lot
- Lot size: 9,147 sqft
- Features: Curb & Gutter,Sprinkler: Auto-Part
- Lot size dimensions: 0.0 x 0.0 x 0.0
Parking
- Total spaces: 5
- Parking features: Open
- Has uncovered spaces: Yes
- Uncovered spaces: 5
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Earthquake
- Winter Weather
How This Home’s Risks Compare
FEMA Declared Disasters Across Utah Counties
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $4,298 | $51,576 |
| Home Insurance | $209 | $2,508 |
| Property Taxes | $679 | $8,148 |
| Electricity | $176 | $2,112 |
| Total | $5,362 | $64,344 |
Income You'd Need if You Spent...
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
No zestimate history available
Price History
| Date | Event | Price |
|---|---|---|
| 2026-03-29 | Price change | $850,000 |
| 2026-01-12 | Price change | $900,000 |
| 2025-11-07 | Price change | $925,000 |
| 2025-10-20 | Listed for sale | $975,000 |
View on Zillow