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    1162 E 400 S Salt Lake City, UT 84102

    For Sale
    $2,300,000

    MULTI_FAMILY - Other - Salt Lake City, UT

    Property size:
    9,563 SF
    Lot size:
    0.27 Acres
    Days on Market:
    31
    Last Refresh:
    Dec 6 at 7:06 am

    Property Features for 1162 E 400 S

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Window features
    Blinds
    Zoning
    Multi-Family
    Rooms
    Bedroom 13, Bedroom 3, Bathroom 2, Bedroom 2, Bathroom 4, Bedroom 9, Bathroom 3, Bathroom 5, Bedroom 11, Bathroom 1, Bedroom 1, Bedroom 15, Bedroom 8, Bathroom 7, Bathroom 8, Bedroom 7, Bedroom 10, Bedroom 5, Bedroom 16, Bedroom 6, Bedroom 4, Bathroom 6, Bedroom 12, Bedroom 14
    Bedrooms
    16
    Bathrooms
    8
    APN
    16-05-408-055
    Parking
    12
    Parking features
    Covered
    Interior features
    Disposal, Range/Oven: Free Stdng.
    Size
    9,563 SF
    Lot size
    0.27 Acres

    Utilities

    Heating system
    Central, Natural Gas

    Building Details

    Year built
    1973
    Floors in Building
    3
    Number of units
    8
    Flooring type
    Vinyl, Carpet, Laminate
    Building materials
    Brick
    Roof type
    Membrane
    Architectural style
    Other

    Investment Realty Advisors, LLC (801) 971-2542 [email protected]

    Listing agent Joseph Mills (435) 485-7070

    Listing date Nov 6, 2025

    MLS# 2071896 Listing URL

    Copyright © 2025 UtahRealEstate.com. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Spacious 8-Plex Near University

    This 8-plex property is located in a desirable rental market in Salt Lake City, within a 5-minute walking distance to the University of Utah and near public transit and downtown Salt Lake City. Each of the eight units features a spacious 1,100 sq. ft. layout with 2 bedrooms and 1 bathroom. The property offers cosmetic renovation potential to increase rents and maximize returns. The 9,563 sq ft multi-family property sits on a 0.27-acre lot. The prior owner rented to students by the bed, with four beds per two-bedroom unit, accommodating up to 32 beds. A buyer could explore returning to this option. Currently, the units are rented individually, some by the room. The property is zoned for multi-family use.
    Property Profile Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Hair Salon Dental Office Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Salt Lake City
    County
    Salt Lake
    State
    Utah
    Longitude
    -111.857468
    Latitude
    40.760251

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    FAQs

    What type of property is this?
    Apartment building - Large 8-unit property near the University of Utah.
    Where is this apartment building located?
    The property is located at 1162 E 400 S Salt Lake City, UT.
    What is the asking price?
    The asking price for this property is $2,300,000.
    What are key features of this property?
    This property features: - Prime location: Walking distance to the University of Utah, near public transit, and downtown Salt Lake City.; - Large 8-plex in a desirable rental market.; - **Spacious units:** Each unit features 1,100 sq. ft. with 2 bedrooms and 1 bathroom.
    (435) 485-7070
    Request Owner's contact information
    1162 E 400 S Salt Lake City, UT 84102
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1162 E 400 S Salt Lake City, UT 84102
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