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$2,300,000
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Property Description
Rare opportunity to acquire a large-unit 8-plex steps from the University of Utah. Each of the eight units offers approximately 1,100 square feet with a 2-bedroom / 1-bathroom layout, an ideal configuration for both traditional leasing and student-oriented rental models. Strong location within walking distance to campus, transit, and downtown Salt Lake City supports consistent tenant demand. The property offers cosmetic value-add potential and operational upside through rental strategy improvements. Historically operated under multiple leasing structures, providing flexibility for investors to optimize income (buyer to verify). Owner/Agent.
Full Property Details
Full Property Details for 1162 E 400 S
General
- Price: $2,300,000
- Taxes: $12,164
- Status: Active
- Type: Multi-Family
- Source: WFR
- MLS ID: 2155284
- Updated: 5/4/2026
- Added to Site: 9 day(s) ago
Interior
- Interior Features: Disposal, Range/Oven: Free Stdng.
- Flooring: Carpet, Laminate, Vinyl
Rooms
Bathrooms
- Total Bathrooms: 8
Bedrooms
- Total Bedrooms: 16
Parking
- Garage: Yes
- Garage Spaces: 2
- Carports: Yes
- Carport Spaces: 8
- Covered Spaces: 10
- Total Spaces: 12
- Parking Features: Covered
Location
- Area: Salt Lake City; So. Salt Lake
- County: Salt Lake
- Subdivision: PLAT F
- Cross Streets: 400
School Information
- Elem School District: Salt Lake
- Midd School District: Salt Lake
- High School District: Salt Lake
- Elementary School: Bennion (M Lynn)
- Middle School: Bryant
- High School: East
Heating & Cooling
- Heating Type: Gas: Central
Utilities
- Sewer: Sewer: Connected
- Utility Description: Natural Gas Connected, Electricity Connected, Sewer Connected, Water Connected
Structural Information
- Property Detached: Yes
- Architectural Style: Stories: 3
- Construction: Brick
- Exterior Const.: Brick
- Roof: Membrane
- Windows: Blinds
- Square Feet: 9,563
- Living Area: 9,563 Sq. Ft.
- Current Bldg. Use: Residential
- Year Built: 1973
- Property Condition: Blt./Standing
Lot Features
- Property View: Mountain(s)
- Lot Size (Acres): 0.27
- Lot Size (Sq. Ft.): 11,761.2
- Lot Size: .27
- Landscape: Landscaping: Full
- Topography: Sidewalks, Sprinkler: Auto-Full, Terrain, Flat, View: Mountain
- Lot Features: Sidewalks, Sprinkler: Auto-Full, View: Mountain
- Trees/Vegetation: Landscaping: Full
- Zoning: R-2
Financial Considerations
- Tax Amount: $12,164
- Terms: Cash, Conventional, Exchange
Disclosures and Reports
- Property ID: 16-05-408-055
Listed by Investment Realty Advisors LLC
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Schools
Schools serving 1162 E 400 S
School District:Salt Lake City School District
| Name | Grades | Distance |
|---|---|---|
M Lynn Bennion School 429 South 800 East, Salt Lake City, UT 84102 | PK-6 | 0.5 mi |
Innovations K-8 1700 South State Street, Salt Lake City, UT 84115 | K-8 | 2.3 mi |
Salt Lake Center for Science Education Bryant 40 South 800 East, Salt Lake City, UT 84102 | 7-8 | 0.8 mi |
East High School 840 South 1300 East, Salt Lake City, UT 84102 | 9-12 | 0.7 mi |
Innovations High School 1700 South State Street, Salt Lake City, UT 84115 | 9-12 | 2.4 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 1162 E 400 S
Date
Details
Price
Change
Source
5/04/2026
Listed
$2,300,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 1162 E 400 S
Year
Property Taxes
Change
Tax Assessment
Change
2024
$11,645
—
$2,393,500
96%
2024
$11,645
-3%
$1,222,045
-45%
2023
$12,014
2%
$2,209,600
9%
2022
$11,732
40%
$2,024,400
54%
2021
$8,396
-3%
$1,311,700
1%
2020
$8,697
4%
$1,293,200
101%
2019
$8,368
16%
$643,885
-36%
2017
$7,203
—
$1,004,000
9%
2017
$7,203
8%
$919,400
14%
2016
$6,653
-1%
$806,400
5%
2015
$6,714
-4%
$771,400
-3%
2014
$6,985
10%
$796,000
15%
2013
$6,351
—
$692,500
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 1162 E 400 S
1162 E 400 S, Salt Lake City, UT 84102 (MLS# 2155284) is a Multi-Family property with 8 units containing 16 bedrooms and 0 full bathrooms. 1162 E 400 S is currently listed for $2,300,000 and was received on May 04, 2026. Want to learn more about 1162 E 400 S? Do you have questions about finding other Multi-Family real estate for sale in East Central? You can browse all East Central real estate or contact a Coldwell Banker agent to request more information.

