- Price cut 9%
235 W 400 N, Salt Lake City, UT 84103
$1,599,000
Originally listed at $1,750,000
Est. $9,785/mo
- Beds
- 8
- Baths
- 5
- Sq ft
- 3,550
- Built
- 1940
Why this home stands out
- 9% price reduction from original list
- 71.0 days on market — potential negotiation opportunity
About this home
Exceptional investment opportunity in the heart of downtown Salt Lake City! This beautifully maintained 5-plex offers an ideal blend of timeless character and modern convenience in one of the city's most desirable rental locations. Just minutes from the vibrant downtown district, tenants will enjoy easy access to shopping, dining, entertainment, TRAX, and I-15, making commuting throughout the Salt Lake Valley effortless. The property is also conveniently located near Temple Square, the Utah State Capitol, and the Gateway entertainment district, with countless restaurants, coffee shops, parks, and cultural attractions nearby. Thoughtfully designed and well cared for, this multi-family property provides an attractive living experience for tenants while offering strong long-term investment potential. Whether you're looking to expand your portfolio or own a prime income-producing property in one of Utah's fastest-growing markets, this downtown 5-plex is an opportunity you won't want to miss.
Features
- Closet: Walk-In
- Disposal
- Gas Log
- Kitchen: Updated
- Range: Gas
- Dishwasher: Built-In
- Smart Thermostat(s)
- Double Pane Windows
- Patio: Covered
- Porch: Open
Agents
Connect with your buyer agent
Get local guidance on this home from Juston.
Salt Lake County Realtor | Smart Real Estate. Lasting Legacy.
20 yrs experience
Listed by Jeremy Martin
Omada Real Estate
MLS #2176148
Your message goes only to Juston.
See the deal analysis, value and rental income
Ask Juston how this home rates as a deal, what it should sell for, and what it could earn as a long-term or short-term rental.
- Deal score
- Estimated value
- Rental income
Schools
Salt Lake- Washington
Elementary
- Bryant
Middle School
- West
High School
- Salt Lake Arts Academy
K-8 School · 2.0 mi
56% proficient - Salt Lake Center for Science Education
High School · 2.1 mi
59% proficient - Emerson School
K-8 School · 2.6 mi
58% proficient
Nearby
Recreation
81 / 100- Local Park · Pugsley Ouray Park787 ft
- Trailhead · Ensign Peak1.2 mi
- Golf Course · Roots Disc Golf Course2.2 mi
- State Park · Jordan River OHV State Park3.2 mi
Show 2 more
- Airport · Salt Lake City Intl Airport4.1 mi
- Ski Resort · Solitude Mountain Resort19 mi
Everyday needs
74 / 100- School · West High1312 ft
- Restaurant · Leatherby's Family Creamery0.7 mi
- Cafe · Old Cuss1.7 mi
- Fire Station · Salt Lake City Fire Station Number 62.0 mi
Show 9 more
- Bank · Zions Bank2.1 mi
- Pharmacy · SavOn Pharmacy2.1 mi
- Grocery · Lucky2.1 mi
- Park · Meadows Community Park2.3 mi
- Doctors · Erica N. Baiden2.4 mi
- Gas Station · 7-Eleven Fuel2.4 mi
- EV Charging · ChargePoint Charging Station2.4 mi
- Hospital · VA Medical Hospital3.8 mi
- Gym · Wild Yogi5.1 mi
Internet
Excellent · fiber · 100/100Utah Telecommunication Open Infrastructure Agency
Fiber · 10 Gbps
Google Fiber
Fiber · 8 Gbps
Quantum Fiber
Fiber · 2 Gbps
All 13 providers
- Utah Telecommunication Open Infrastructure AgencyFiber10 Gbps10 Gbps
- Google FiberFiber8 Gbps8 Gbps
- Quantum FiberFiber2 Gbps1 Gbps
- XfinityCable2 Gbps2 Gbps
- SenaWaveFixed Wireless1 Gbps1 Gbps
- SenaWaveFiber1 Gbps1 Gbps
- Utah BroadbandFixed Wireless1 Gbps1 Gbps
- VerizonFixed Wireless1 Gbps75 Mbps
- StarlinkSatellite280 Mbps30 Mbps
- CenturyLinkDSL140 Mbps20 Mbps
- AT&TFixed Wireless100 Mbps20 Mbps
- HughesNetSatellite100 Mbps5 Mbps
- T-MobileFixed Wireless100 Mbps20 Mbps
- Viasat IncSatellite100 Mbps3 Mbps
Home details
Property
- Type
- Residential
- Style
- > 4 Units
- Architectural style
- Five-Plex
- Year built
- 1940
- Stories
- 0
- Condition
- Blt./Standing
- Construction
- Brick,Stone
- Subdivision
- PLAT A
- County
- Salt Lake
- Zoning
- Multi-Family
- MLS #
- 2176148
Costs
- List price
- $1,599,000
- Original price
- $1,750,000
- Annual taxes
- $8,635
- Home warranty
- No
Lot and parking
- Lot
- 9,583 sqft
- Lot features
- Curb & Gutter,Fenced: Part,Road: Paved,Sprinkler: Auto-Full
- Covered spaces
- 0
- Total parking
- 5
Systems
- Heating
- Gas: Central,Heat Pump
- Roof
- Asphalt
- Flooring
- Laminate,Tile
- Patio and porch
- Covered,Porch: Open
- Water
- Culinary
- Sewer
- Sewer: Connected
All home details50 details
Property Info
- Property Type
- Residential
- Property Style
- > 4 Units
- Architectural Style
- Five-Plex
- Condition
- Blt./Standing
- MLS #
- 2176148
- County
- Salt Lake
- Subdivision
- PLAT A
- Year Built
- 1940
- New Construction
- No
- Stories
- 0
- Total Rooms
- 0
- Living Area
- 3,550 sq ft
- Lot Size (Acres)
- 0.22
- Lot Size
- 9,583.2 sq ft
- Zoning
- Multi-Family
Bedrooms & Baths
- Bedrooms
- 8
- Total Bathrooms
- 5
Financial
- List Price
- $1,599,000
- Original Price
- $1,750,000
- HOA
- No
- Annual Taxes
- $8,635
- Home Warranty
- No
Structure
- Construction
- Brick,Stone
- Roof
- Asphalt
- Flooring
- Laminate,Tile
- Heating
- Gas: Central,Heat Pump
- Patio & Porch
- Covered,Porch: Open
Lot & Land
- Lot Features
- Curb & Gutter,Fenced: Part,Road: Paved,Sprinkler: Auto-Full
- Topography
- Curb & Gutter, Fenced: Part, Road: Paved, Sprinkler: Auto-Full, Terrain, Flat
- Waterfront
- No
- Horse Property
- No
Parking
- Garage
- No
- Carport
- No
- Covered Spaces
- 0
- Open Parking
- 5
- Total Parking
- 5
- ADU
- No
Amenities
- Fireplace
- No
- Pool
- No
- Spa/Hot Tub
- No
Utilities
- Water Source
- Culinary
- Sewer
- Sewer: Connected
- Utilities
- Natural Gas Connected,Electricity Connected,Sewer Connected,Water Connected
Schools
- Elementary
- Washington
- Middle School
- Bryant
- High School
- West
- Elementary District
- Salt Lake
Timeline
- Listed
- Aug 3, 2026
- Days on Market
- 71
- Status
- Active
Salt Lake City market
Explore Salt Lake CitySalt Lake City median
$548,900
This home: 191% above
Days to sell
54
Utah: 70
Homes for sale
801
Price range
$185k – $8M
Sale to list
98%
Market
Buyer's market
SafetyHigh Crime · 147.1 incidents per 1,000 residents · 217% above the Utah average
Safety rating 1.0 out of 10.
Violent
28.7
per 1,000 · national 3.6
Property
83.9
per 1,000 · national 17.6
vs Utah
+217%
46.4 per 1,000 statewide
vs Salt Lake
+118%
67.5 per 1,000 countywide
Society
34.5
per 1,000
Population 212,675 · 2024 reports · Local rates use NIBRS; national rates use FBI UCR index crimes, which count fewer offense types.
Location
PLAT A235 W 400 N, Salt Lake City, UT 84103
Open in map searchCommon questions
About 235 W 400 N, Salt Lake City, UtahWhat is the asking price for 235 W 400 N, Salt Lake City?
235 W 400 N, Salt Lake City is listed at $1,599,000 ($450/sqft). The original list price was $1,750,000, representing a reduction of $151,000. This listing is currently active and available for showings.
Is 235 W 400 N, Salt Lake City a good deal?
Propaired's AI deal analysis classifies this property as a "Standard" with a deal score of 68/100. Key deal signals: 9% price reduction from original list; 71.0 days on market — potential negotiation opportunity. This analysis considers price relative to comparables, days on market, price reductions, and market conditions.
Is 235 W 400 N, Salt Lake City a good investment property?
Based on market rental data, this property has an estimated annual rent of $44,967 with a gross rental yield of 2.8%. Net rental yield (after estimated expenses): 1.8%. Estimated debt service coverage ratio (DSCR): 0.38. Investor score: 21/100. These are estimates based on area comparables.
What lifestyle features does 235 W 400 N, Salt Lake City offer?
Propaired's AI has identified 3 lifestyle features for this property: Green & Sustainable, Investor Special, Pet Friendly. The primary lifestyle niche is "investor_special." These tags are derived from MLS data, property features, and location analysis.
What recreation is near 235 W 400 N, Salt Lake City?
This property has a recreation score of 81/100. Nearby recreation includes: Ensign Peak trailhead (1.2 mi); Pugsley Ouray Park park (0.1 mi); Roots Disc Golf Course (2.2 mi); Jordan River OHV State Park (3.2 mi). Skiing: Solitude Mountain Resort (19.0 mi). Utah offers world-class outdoor recreation year-round, from skiing to hiking to national parks.
What amenities and services are near 235 W 400 N, Salt Lake City?
This property has an amenity proximity score of 74/100. Nearby services include: Grocery: Lucky (2.1 mi); Hospital: VA Medical Hospital (3.8 mi); Pharmacy: SavOn Pharmacy (2.1 mi); Dining: Leatherby's Family Creamery (0.7 mi). Gas station: 2.4 miles. Gym: Wild Yogi (5.1 mi).
All 8 questions
What schools serve 235 W 400 N, Salt Lake City?
Assigned schools: Elementary: Washington; Middle: Bryant; High: West. There are 3 schools within 3 miles of this property. The highest-rated nearby school is Salt Lake Center for Science Education with a 59% state performance score (2.1 miles away). School district: Salt Lake.
What is the internet speed at 235 W 400 N, Salt Lake City?
This property has a broadband score of 100/100 (Excellent). Best available speed: 10000 Mbps download / 10000 Mbps upload. Fiber internet is available at this address. Available providers: AT&T (100 Mbps, Fixed Wireless); CenturyLink (140 Mbps, DSL); Google Fiber (8000 Mbps, Fiber). Total providers: 13.
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