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$10,000 Closing Credit¹
#2031077, Brian Clinger, Listing Office: Coldwell Banker Realty (Salt Lake-Sugar House)
$2,300,000 List price
369 S 1000 E Salt Lake City, UT 84102
$10,000
Closing credit¹
8 beds
8 baths
5,960 sqft
0.2 acres
$386 / sqft
Multi-Family
Property details
About 369 S 1000 E
369 South 8-Plex | 8 Units | Heart of Salt Lake City - Adjacent to University of Utah & Downtown Salt Lake City | Renovated In 2022 | 100% Occupancy 369 S 1000 E, Salt Lake City, UT $2,300,000 Purchase Price 5.92% Cap Rate $136,046.57 Net Operating Income $1,646 Average Lease Rate (Per Unit) 100% Occupancy Peterson Team is proud to present an exceptional multifamily investment opportunity, this recently renovated 8-plex property is located in the highly sought-after University neighborhood, directly adjacent to the University of Utah. Offering an attractive combination of proximity to both educational and transportation hubs, this property benefits from its location near a TRAX station, making it an excellent choice for tenants who desire easy access to downtown Salt Lake City, just minutes away. CALL FOR OFFERS: MARCH 27, 2025 If you'd like to receive an Offering Memorandum, reach out to me directly! Description: New water heaters and HVAC systems New driveway and front porch New LVP flooring New washer and dryer Security system with cameras New padlocks and doors Exterior paint Roof replaced within the last 5 years High Demand Area: Prime location near the University of Utah, with easy access to TRAX and downtown Salt Lake City, ensuring strong tenant demand and consistent rental income Two (2) 2 bedroom 1 bath Six (6) 1 bedroom 1 bathroom Each unit includes dishwasher, stove/oven, fridge, & washer/dryer 2022 New Water heaters and HVAC 2022 New Driveway / Front Porch 2022 New Padlocks and Door 2022 Exterior Paint Updated LVP Flooring HIK Vision Security System Camera Roof recently replaced 1 Parking Stall Per Tenant New Trex Boards on Deck Google Fiber All units separately metered (gas/electric)
Highlights
Home typeMulti Family
StatusActive
Size5,960 sqft
Lot size0.2 Acres
Year built1961
MLS #2068439
Summary
- MLS Number: 2068439
- MLS Name: UtahRealEstate.com
- Office Name: LEGEND PARTNERS ll, LLC
- Office Email: speterson@legendcommercial.com
- Listing Agent: Skyler Peterson
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: 3/14/2025, 12:20:51 PM 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
369 S 1000 E
$10,000
closing credit¹
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Price information
Property sales
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Tax history
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Nearby schools
9
Wasatch School
Public District KG-6
0.6 mi
•30 R St
8
Emerson School
Public District KG-6
1.4 mi
•1017 E 1370 S
8
Ensign School
Public District PK-6
1.5 mi
•775 E 12th Ave
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 $33,850. Most Salt Lake City, UT residents have annual incomes less than $<35k. The most common type of family is single, no kids. Typical level of education for residents in this area is post secondary degree.
How much money do the neighbors make?
52%
<35k
28%
35k-100k
17%
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
5%
Single, with Kids
16%
Married, No Kids
5%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
6%
<11 yrs old
3%
12-17 yrs old
58%
18-34 yrs old
28%
35-64 yrs old
5%
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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This home is located at 369 S 1000 E in Salt Lake City, UT and zip code 84102 in the East Central neighborhood. This 5,960 square foot home, which was built in 1961, sits on a 0.20 acre lot. Features: 8 bedrooms, 8 bathrooms. It has been listed on Rocket Homes since March 6, 2025 and is currently priced at $2,300,000.
The inventory of homes for sale in Salt Lake City, UT between January and February 2025 increased by 48%. While the average time on the market in February 2025 was 78 days, the median list price was $573,661.
From Rocket Homes Real Estate and based on county public records data.