1 month on rocket

48 E 200 N, Salt Lake City, UT, 84103

$899,444

Home List Price

$10,000*

Closing Credit

3 Bedrooms
3 Baths
1,929 SqFt
$466/SqFt
Multi

Location

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48 E 200 N, Salt Lake City$899,444

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeTriplex
Year Built1888
HeatingForced Air
MLS #2028030
Lot Size0.10 Acres
StatusActive

About 48 E 200 N

INVEST OR OCCUPY! SCHEDULE A SHOWING TODAY! SUBMIT AN OFFER! OWN IN THE CAPITOL HILL HISTORIC DISTRICT! Steps from Capitol Hill discover The Moroni Heber Kimball House at 48 East 2nd North. The timeless original features, impeccable condition, and unimaginable location make this a fantastic property to own. Modernize or preserve? Choose your path and desired cosmetic upgrades to make this property the envy of many. Formerly owned by Heber Kimball, a leader in the early Latter Day Saint movement who served as one of the original twelve apostles; then sold to William Spry who was the third governor of the State of Utah and the U.S. Marshal for Utah. This income-generating triplex has exceptional tenant retention and represents an incredible investment opportunity. 48 East 2nd North is also an irreplaceable component of The Capitol Hill Historic District. This Folk Victorian property is estimated to be built circa 1888 in an esteemed neighborhood of incredible landmarks. Long tenured tenants, some of whom have called this place home for decades, drive consistent revenue and low operating expenses making this one an obvious choice. Zoned RMF-75, there is optionality as a multi-family, single-family, or short-term rental. Additional features include a laundry room on the south side of the building along with individual gas and electricity meters. All other expenses are allotted pro-rata to each unit paid by the tenants for easy management. The monthly rental charges for each one-bedroom unit at The Moroni Heber Kimball House are gross amounts of $1,053, $993, and $1,223, which includes a trash valet subscription fee, property tax fee, a media package fee, and additional charges based on monthly water usage. Almost $40,000 in stable gross yearly revenue with the ability for rental income growth potential consistent with the averages in The Capitol Hill neighborhood for one bedroom rentals which average between $1,400 and $1,600 depending on the source. All leases expire in September 2025 each with historically strong leasing periods. All of the tenants have parking passes directly behind the house. Tenants have everything: parking; trash valet, beautiful big windows; two-single-level-living floorplans; vaulted ceiling in the upstairs apartment; individual meters; updated features; and historic charm. The Heber Kimball floorplans are an outstanding feature not many historic properties contain because they feature great ceiling height and very little obsolescent unfunctional spaces. This property truly stands out as a rarity with no sales history in Utah's online multiple listing service records, making this a once-in-a-lifetime chance to own a piece of Salt Lake City's rich history. The property is also listed as a single-family residence, subject to county-approved conversion as an additional option to its future owner see MLS #2028035. Don't miss out on this extraordinary opportunity to own a historic, revenue-generating property in one of Salt Lake City's most coveted areas. Only a handful of historic buildings are listed each year in The Capitol Hill Historic District, and each one offers something unique, this treasured triplex may just become your favorite acquisition yet. Upon request, a rental income statement is available. Contact the listing agent for more details or your agent today.

Property Details

Property Features

Property Information:

  • Architectural Style: Stories: 2
  • Year Built: 1888
  • Stories: 0
  • Living Area: 1,929 SqFt

Listing Office:

  • Office Name: KW Salt Lake City Keller Williams Real Estate
  • Office Phone: (801) 326-8800
  • Listing Agent: Sydney Rosenblatt

Interior Features

Interior Information:

  • Flooring Type: Carpet, Linoleum
  • Interior: Vaulted Ceilings

Bedroom and Bathroom Information:

  • Total Bedroom Count: 3

Exterior Features

Exterior Information:

  • Private Pool: No
  • Exterior: Double Pane Windows, Patio: Covered, Porch: Open, Stained Glass Windows

Parking Information:

  • Attached Garage: No

Lot Features

Lot Information:

  • Lot: Curbs, Sidewalk, Sprinklers
  • Lot Size: 0.10 Acres

Utilities

Utilities Information:

  • Heating: Forced Air

Price Information

Listing Price Info

Price Summary:

  • List Price: $899,444
  • Price Per SqFt: $466/SqFt

Tax Information:

  • Annual Amount: $1,148
  • Tax Year: 2021
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Housing Market Comparison

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

Med. List Price

$599.1K

Med. Price/SqFt

$326

Avg. Days On Market

73

48 E 200 N vs Salt Lake City

43 DAYS ON ROCKET

-30 Days

$899,444

+$300.2K More

$466/SqFt

+$139 More

KEY TAKEAWAY

This property is $300.2K more than the Median List Price and $139/SqFt more 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: #2028030

Listing Office:

  • Office Name: KW Salt Lake City Keller Williams Real Estate
  • Office Phone: (801) 326-8800
  • Listing Agent: Sydney Rosenblatt

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: 11/21/2024, 6:20:50 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2021$1,148$177,000
2020$1,147$93,885
2019$973$76,505
2017$990$126,400

History based on county public records data.

Payment Calculator

$4,557

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$2,763

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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-206063
3
/10
  • Mary W. Jackson School

  • 750 W 200 N

  • 1.21 miles

  • Public District Grades PK-6

school-card-donut-206064
8
/10
  • Ensign School

  • 775 E 12th Ave

  • 1.41 miles

  • Public District Grades PK-6

school-card-donut-206065
9
/10
  • Wasatch School

  • 30 R St

  • 1.69 miles

  • Public District Grades KG-6

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $44,808. Most Salt Lake City, UT residents have annual incomes between $35k-100k. Most families are single, no kids. The majority of residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas


Rocket Homes›Utah›Salt Lake County›Salt Lake City›84103›48 E 200 N

This home is located at 48 E 200 N in Salt Lake City, UT and zip code 84103 in the Kimball neighborhood. This 1,929 square foot home, which was built in 1888, sits on a 0.10 acre lot. Features: 3 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since October 09, 2024 and is currently priced at $899,444.

The number of listings in Salt Lake City, UT increased by 43% between September 2024 and October 2024. In October 2024, listings were on the market for 73 days. During the same period, the median list price in this real estate market was $599,158.

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

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