4 months on rocket

1488 S 400 E Unit 1-4, Salt Lake City, UT, 84115

$1,147,900

Home List Price

$10,000*

Closing Credit

8 Bedrooms
8 Baths
3,960 SqFt
$290/SqFt
Multi

Location

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1488 S 400 E Unit 1-4, Salt Lake City$1,147,900

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeQuadruplex
Year Built1979
MLS #2011561
Lot Size0.22 Acres
StatusActive

About 1488 S 400 E Unit 1-4

Charming Fourplex in Prime Location! Discover this fantastic fourplex nestled in an amazing location right by Liberty Park, with easy access to downtown and Sugarhouse. This property boasts a high rental demand, making it a savvy investment opportunity! All units have been meticulously updated over the past 5-6 years, featuring new carpets, fresh paint, modern appliances, stylish lighting, and renovated bathrooms. Potential for Increased Cash Flow: Current rents are below market rates, offering a significant opportunity to boost your income by adjusting the rent. Tenants handle their own utilities, while the owner covers water, sewer, and garbage services. Each unit is designed in a townhouse style, 2 bedrooms, one bath each complete with a cozy backyard. End units boast larger back and side yards, potentially commanding higher rents. All units are currently tenant-occupied, ensuring immediate rental income. This property is a rare find with its desirable location, modern upgrades, and income potential. Don't miss out on this exceptional investment opportunity! Please Note that there will not be showings without an accepted offer. Thank you!

Property Details

Property Features

Property Information:

  • Architectural Style: Side By Side
  • Year Built: 1979
  • Stories: 0
  • Living Area: 3,960 SqFt

Listing Office:

  • Office Name: Century 21 Harman Realty
  • Office Phone: (801) 224-2010
  • Listing Agent: LUCY CHICO

Interior Features

Bedroom and Bathroom Information:

  • Total Bedroom Count: 8

Exterior Features

Exterior Information:

  • Private Pool: No

Parking Information:

  • Attached Garage: No

Lot Features

Lot Information:

  • Lot Size: 0.22 Acres

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,147,900
  • Price Per SqFt: $290/SqFt
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Housing Market Comparison

See how this home compares to others in Salt Lake City, UT.

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Salt Lake City, UT

City

Med. List Price

$599.1K

Med. Price/SqFt

$326

Avg. Days On Market

73

1488 S 400 E Unit 1-4 vs Salt Lake City

125 DAYS ON ROCKET

+52 Days

$1,147,900

+$548.7K More

$290/SqFt

-$37 Less

KEY TAKEAWAY

This property is $548.7K more than the Median List Price and $37/SqFt less than other homes in Salt Lake City, UT.

Based on homes listed in October 2024

MLS Details

MLS Information:

  • MLS Name: UtahRealEstate.com
  • MLS Number: #2011561

Listing Office:

  • Office Name: Century 21 Harman Realty
  • Office Phone: (801) 224-2010
  • Listing Agent: LUCY CHICO

IDXBased on information from UtahRealEstate.com 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. Information deemed reliable but not guaranteed accurate. The compilation of listings and each individual listing are Copyright © 2024 UtahRealEstate.com All rights reserved.


Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 11/17/2024, 9:20:49 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

We're sorry, we currently don't have sales or tax history data for this listing.

Payment Calculator

$5,797

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$3,508

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NMLS#3030

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-566915
6
/10

  • Whittier School

  • 1600 S 300 E

  • 0.20 miles

  • Public District Grades PK-6

school-card-donut-566916
8
/10

  • Hawthorne School

  • 1675 S 600 E

  • 0.50 miles

  • Public District Grades KG-6

school-card-donut-566917
2
/10

  • Liberty School

  • 1090 S Roberta St

  • 0.57 miles

  • Public District Grades PK-6

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $34,853. The most common annual income of people living in Salt Lake City, UT is less than $35k. The most common type of family is single, no kids. The most common level of education of people living in this area is post secondary degree.

All data provided by Home Junction and Claritas

Rocket Homes›Utah›Salt Lake County›Salt Lake City›84115›1488 S 400 E Unit 1-4

This home is located at 1488 S 400 E Unit 1-4 in Salt Lake City, UT and zip code 84115 in the Whittier neighborhood. This 3,960 square foot home, which was built in 1979, sits on a 0.22 acre lot. Features: 8 bedrooms, 8 bathrooms. It has been listed on Rocket Homes since July 15, 2024 and is currently priced at $1,147,900.

The number of listings in Salt Lake City, UT increased by 43% between September 2024 and October 2024. In October 2024 median list price was $599,158 and the average listing age was 73 days.

From Rocket Homes Real Estate and based on county public records data.

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