#2067363, Michael Lund, Listing office: Realtypath LLC (Preferred)
$2,300,000 List price
1162 E 400 S Salt Lake City, UT 84102
$10,000
Closing credit¹
16 beds
8 baths
9,563 sqft
0.3 acres
$241 / sqft
Multi-Family
Property details
About 1162 E 400 S
**PRICE IMPROVEMENT** Don't miss this rare chance to own a large 8-plex in one of Salt Lake City's most desirable rental markets! Ideally located within 5 minutes walking distance to the University of Utah, near public transit, and downtown Salt Lake City, this property offers an unbeatable location for tenants. Each of the eight units boasts a spacious 1,100 sq. ft. layout featuring 2 bedrooms and 1 bathroom. With cosmetic renovation potential, there is a great opportunity to increase rents and maximize returns. No Seller Financing Available. Prior owner rented to students by the bed with four beds per two bedroom up to 32 beds. A buyer could explore going back to this option, and may be able to get around $600/bed x 32 = $19,200/mo x 12 = $230,400/yr. This option is not guaranteed but may be something to look into. Currently the units are rented individually, some by the room. All measurements are provided as a courtesy. Buyer to verify all information independently. Owner/Agent.
Highlights
Home typeMulti Family
HeatingForced Air
StatusActive
Size9,563 sqft
Lot size0.27 Acres
Year built1973
ParkingCovered
MLS #2071896
Garage2 spaces
ViewMountain(s)
Summary
- Flooring Type: Carpet, Laminate, Vinyl
- Interior: Disposal, Range/Oven: Free Stdng.
- Total Bedroom Count: 16
- Garage Space: 2 spaces
- Attached Garage: No
- Private Pool: No
- Parking: Covered
- View: Mountain(s)
- Architectural Style: Stories: 3
- Heating: Forced Air
- List Price: $2,300,000
- Price/SqFt: $240
- Annual Tax Amount: $11,644
- Tax Year: 2024
- Lot: Sidewalk, Sprinklers
- Year Built: 1973
- Stories: 0
- Living Area: 9,563 SqFt
- Lot Size: 0.27 Acres
- MLS Number: 2071896
- MLS Name: UtahRealEstate.com
- Office Name: Investment Realty Advisors LLC
- Office Phone: (435) 485-7070
- Listing Agent: Joseph Mills
Based on information from UtahRealEstate.com All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or the MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Information deemed reliable but not guaranteed accurate. The compilation of listings and each individual listing are Copyright © 2025 UtahRealEstate.com All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 6/20/2025, 12:45:28 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$2,300,000
1162 E 400 S
$10,000
closing credit¹
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Price information
Property sales
We're sorry, we currently don't have property sales data for this listing.
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $1,222,045 | $11,644 |
| 2023 | $2,209,600 | $12,014 |
| 2022 | $2,024,400 | $11,732 |
| 2021 | $1,311,700 | $8,396 |
| 2020 | $711,260 | $8,696 |
| 2019 | $643,885 | $7,369 |
| 2017 | $919,400 | $7,203 |
History based on county public records data.
Nearby schools
9
Wasatch School
Public District KG-6
0.7 mi
•30 R St
8
Emerson School
Public District KG-6
1.4 mi
•1017 E 1370 S
8
Uintah School
Public District KG-6
1.4 mi
•1571 E 1300 S
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $41,691. Typical income of Salt Lake City, UT residents is less than $<35k annually. Typical family type is single, no kids. Typical level of education for residents in this area is post secondary degree.
How much money do the neighbors make?
43%
<35k
42%
35k-100k
12%
100k-200k
3%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
Doctorate
What types of families live nearby?
74%
Single, No Kids
4%
Single, with Kids
14%
Married, No Kids
8%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
9%
<11 yrs old
2%
12-17 yrs old
64%
18-34 yrs old
21%
35-64 yrs old
4%
65+ yrs old
What do the neighbors do for fun?
Music Concerts
Tennis
Major League Soccer (MLS)
Where do the neighbors shop?
H&M
Crate & Barrel
Banana Republic
Where do the neighbors go to eat?
Chipotle
Starbucks
Jack In The Box
What do the neighbors drive?
Volkswagen
BMW
Toyota
What do the neighbors listen to?
Rhythmic Contemporary Hits
News
Jazz
All data provided by Home Junction and Claritas
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Frequently asked questions
About 1162 E 400 S
The listing price of 1162 E 400 S property is $2,300,000.
The property 1162 E 400 S is a multi located in Salt Lake City, Utah, 84102.
Active Listing: 1162 E 400 S is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 1162 E 400 S are: Wasatch School (GreatSchools Rating 9/10), Emerson School (GreatSchools Rating 8/10), Uintah School (GreatSchools Rating 8/10), Salt Lake Center for Science Education Bryant (GreatSchools Rating 3/10), Salt Lake Arts Academy (GreatSchools Rating 8/10), Clayton Middle School (GreatSchools Rating 7/10), East High School (GreatSchools Rating 3/10), City Academy (GreatSchools Rating 6/10), Horizonte Instruction & Training Center (GreatSchools Rating 1/10).
According to the records, the last property tax for 2024 is $11,644 (source: MLS/based on county public records data).
The property 1162 E 400 S is 9,563 SqFt (source: MLS/tax record).
The year of construction for 1162 E 400 S is 1973.
This home is located at 1162 E 400 S in Salt Lake City, UT and zip code 84102 in the East Central neighborhood. This 9,563 square foot home, which was built in 1973, sits on a 0.27 acre lot. Features: 16 bedrooms, 8 bathrooms. It has been listed on Rocket Homes since March 25, 2025 and is currently priced at $2,300,000.
In May 2025 in Salt Lake City, UT there were 56.8% more homes for sale than in April. In May 2025, listings were on the market for 66 days. During the same period, the median list price in this real estate market was $629,639.
From Rocket Homes Real Estate and based on county public records data.