About 275 W 500 N
Three-unit property located in the heart of the Marmalade district, across the street from the library. It is in a prime location a few blocks from downtown, the freeway on-ramp, and the university. This re-emerging community lends to walkability with various points of interest such as The Delta Center, Ace Hardware, coffee shops, restaurants, and schools. Full tenant occupancy (all on month to month leases), this turnkey property can produce a profit, or the primary resident can offset mortgage payments with rent. All units have their own washer and dryer. A new tankless water heater and generator as well as all electrical updated. Separate electrical box for top and bottom unit. The 1,100 sq. ft. garage is a key feature of the property. The garage has the option of subdividing for storage for each unit and increase rents. Or if the city will allow, a fourth unit could be constructed adding more rental income. Great opportunity to start your investment portfolio!
Features of 275 W 500 N
| MLS® # | 2078452 |
|---|---|
| Price | $835,000 |
| Bedrooms | 6 |
| Bathrooms | 3.00 |
| Square Footage | 3,557 |
| Acres | 0.12 |
| Year Built | 1906 |
| Type | Residential |
| Sub-Type | Triplex |
| Style | Up And Down |
| Status | Active |
Community Information
| Address | 275 W 500 N |
|---|---|
| Area | Salt Lake City: Avenues Area |
| City | Salt Lake City |
| County | Salt Lake |
| State | UT |
| Zip Code | 84103 |
Amenities
| Utilities | Natural Gas Connected, Electricity Connected, Sewer Connected, Water Connected |
|---|---|
| Parking | Rv Parking |
| # of Garages | 4 |
| View | Lake, Mountain(s) |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Interior | Carpet, Hardwood, Tile |
|---|---|
| Interior Features | Basement Apartment, Closet: Walk-In, Disposal, Kitchen: Updated, Range/Oven: Built-In, Range/Oven: Free Stdng., Granite Countertops, Dishwasher: Built-In |
| Heating | Hot Water |
| Fireplace | No |
Exterior
| Exterior Features | Basement Entrance, Bay Box Windows, Double Pane Windows, Lighting, Porch: Screened |
|---|---|
| Lot Description | Corner Lot, Curb & Gutter, Fenced: Part, Road: Paved, Sidewalks, View: Lake, View: Mountain |
| Windows | Blinds, Drapes |
| Roof | Asphalt |
| Construction | Brick, Frame |
School Information
| District | Salt Lake |
|---|---|
| Elementary | Washington |
| Middle | Bryant |
| High | West |
Additional Information
| Date Listed | April 17th, 2025 |
|---|---|
| Days on Market | 177 |
| Zoning | Multi-Family |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Agent | Whitney Lyle |
|---|---|
| Office | Equity Real Estate (Solid) |
| Contact Info | 801-499-6463 |