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1631 S 500 E, Salt Lake City, UT 84105
$814,900
Reduced from $839,900 · 2 days ago
1631 S 500 E, Salt Lake City, UT 84105
Units
4
Price/Unit
$203,725
Price/Sqft
$322
Est Gross Yield
7.2%
$58,512/yr est.
Property Details
Unit Mix
| Type | Count | Beds | Baths | Sqft | Rent/Mo |
|---|---|---|---|---|---|
| 1BR / 1BA | 1 | 1 | 1 | 1,024 | $1,195/mo |
| 1BR / 1BA | 1 | 1 | 1 | 466 | — |
| Unit 3 | 1 | 0 | 2 | 671 | $1,081/mo |
| Unit 4 | 1 | 0 | 0 | 662 | $925/mo |
| Total | 4 | 2 | 4 | 2,823 | $3,201/mo |
Unit mix data is reported by the seller or listing agent through the MLS and may be inaccurate or incomplete. Buyers should independently verify all information and conduct their own due diligence before making any investment decisions.
Description
IMPROVED PRICE! AGENTS - SEE REMARKS & SHOWING INSTRUCTIONS! Step into the timeless character of this beautiful turn-of-the-century property, now featuring a brand-new roof just completed on Memorial Day weekend! This legal non-conforming fourplex is ideally situated just blocks from Liberty Park, offering exceptional access to downtown, freeway connections, dining, shopping, and everyday conveniences. All four units boast an outstanding rental history, with virtually no vacancy over the past 10+ years - a rare investment opportunity in a highly desirable location. The property includes a large detached garage with additional storage space and added income potential, and there is a ton of parking both at the back of the home and also the area adjacent to the backyard. Photos and video walk-throughs are available in the attached property measurement report, please submit offers subject to inspection and contact agent for current showing information. Three units are tenant occupied and may be shown upon receipt of an accepted offer. Contact agent for additional details. Square footage figures are provided as a courtesy estimate only and were obtained from an appraiser measurement completed in May 2026. Buyer is advised to obtain an independent measurement.
Listed by Leilani Cole · MJA Real Estate, LLC
Location
1631 S 500 E, Salt Lake City, UT 84105
Proforma
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Cap Rate
4.44%
Cash-on-Cash
-0.62%
Cash Flow
-$158/mo
Quick estimates only. Switch to Detailed for full line-item control.
Pro forma estimates are based on assumptions, not guaranteed, and should not be relied upon.
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© 2026 UtahRealEstate.com. All rights reserved. Based on information from the Wasatch Front Regional Multiple Listing Service, Inc. as of 6/18/2026, 12:06:17 AM. 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. Listing data provided by UtahRealEstate.com.