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220 E LESLIE AVE, Salt Lake City, UT 84115
$799,800
Reduced from $799,900 · today
220 E LESLIE AVE, Salt Lake City, UT 84115
Units
4
Price/Unit
$199,950
Price/Sqft
$333
Est Gross Yield
6.9%
$55,296/yr est.
Property Details
Unit Mix
| Type | Count | Beds | Baths | Sqft | Rent/Mo |
|---|---|---|---|---|---|
| 1BR / 1BA | 1 | 1 | 1 | 600 | $1,319/mo |
| 1BR / 1BA | 1 | 1 | 1 | 600 | $1,319/mo |
| 1BR / 1BA | 1 | 1 | 1 | 600 | $1,319/mo |
| 1BR / 1BA | 1 | 1 | 1 | 600 | $1,319/mo |
| Total | 4 | 4 | 4 | 2,400 | $5,276/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
$5,276/month or $63,312/year gross rent! Turnkey fourplex with no vacancy in the heart of South Salt Lake. Solid brick, side by side units fully updated with modern kitchens w/stainless steel appliances, updated bathrooms, durable flooring, and in unit laundry with front loading washer/dryer included. Each unit features 2 efficient ductless mini split heat pump systems for year round heating and cooling. Extensive updates include new: roof, windows, kitchens, baths, countertops, tile, plumbing, electrical, water heaters, asphalt, concrete, and appliances, plus a beautiful white vinyl fence in excellent condition for added privacy and curb appeal. Thoughtfully renovated with accessibility in mind, including ADA-friendly bathroom/kitchen/laundry layouts, single-level living + no step entry. Tenants enjoy off street parking, private locking storage sheds, and additional street parking. Strong rental history with no missed payments and additional upside through optional storage, parking, or pet rent. Prime location near downtown, freeways, TRAX, SLCC, and the University of Utah, tucked into a quiet residential pocket surrounded by well kept single family homes. Clean, low maintenance, and easy to manage investment with immediate cash flow.
Listed by Danielle H Lonardo · KW Utah Realtors Keller Williams
Location
220 E LESLIE AVE, Salt Lake City, UT 84115
Proforma
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Cap Rate
4.60%
Cash-on-Cash
-0.21%
Cash Flow
-$53/mo
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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 6/23/2026, 5:03:37 PM. 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.