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42 W 500 N, Salt Lake City, UT 84103
$1,025,000
42 W 500 N, Salt Lake City, UT 84103
Units
3
Price/Unit
$341,667
Price/Sqft
$381
Est Gross Yield
6.6%
$67,572/yr est.
Property Details
Unit Mix
| Type | Count | Beds | Baths | Sqft | Rent/Mo |
|---|---|---|---|---|---|
| 2BR / 2BA | 1 | 2 | 2 | 1,344 | $2,520/mo |
| 2BR / 1BA | 1 | 2 | 1 | 672 | $1,800/mo |
| 2BR / 1BA | 1 | 2 | 1 | 672 | $2,200/mo |
| Total | 3 | 6 | 4 | 2,688 | $6,520/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
Prime Investment Area with good income, in Salt Lake City behind Utah State Capital and the highly desired Marmalade District! Live, work, and invest here! Gorgeous view of the Capital, Park, Mountains, & Valley, this REMODELED Triplex + Studio INTERIOR has been recently RENOVATED & UPDATED from the Studs Up! 2023 NEW- Plumbing, New Electrical, double pane Windows, Walls, Fixtures, HVAC, Lighting, Appliances & more finished with required permits! "Don't Judge A Book By It's Cover!" The Exterior still could use some paint & updates, but the value that has been added to this interior is great investment! The hardest part is done! Approved as a Legal non-conforming Triplex + Studio Apt w Separate Basement Entrance. RENTAL INCOME as much as $6620 per month. Largest Unit #40 Rent $2520 is (easy vacant for showings) has studio apt with 7th Room (non-egress). Unit #42 Rents $1800 has tenants., Unit #44 Rents vary seasonally averages $2200 Furnished (bottom west side). Tenant occupied units need at least 24 Hr notice. Please don't bother tenants. Buyer to verify all. Square footage figures are provided as a courtesy estimate only and were obtained from County . Buyer is advised to obtain an independent measurement.
Listed by Cherie Orellana · Platinum Place Realty
Location
42 W 500 N, Salt Lake City, UT 84103
Proforma
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Cap Rate
4.38%
Cash-on-Cash
-0.78%
Cash Flow
-$250/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 6/21/2026, 12:37:51 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.