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1046 S LINCOLN, Salt Lake City, UT 84105
$1,225,000
Reduced from $1,245,000 · today
1046 S LINCOLN, Salt Lake City, UT 84105
Type
SFR
List Price
$1.23M
Price/Sqft
$406
Est Gross Yield
3.2%
$39,144/yr est.
Property Details
Description
TWO HOMES. ONE PROPERTY. INCREDIBLE INVESTMENT OPPORTUNITY! Live in one and rent the other, generate potential rental income from both, or enjoy both as a single-family property with space for multigenerational living. More than an ADU, better than a basement apartment, and ideal for a mother-in-law apartment arrangement! Two complete, independent residences, beautifully restored in 2024, in Salt Lake City's highly desirable 9th & 9th Belmont neighborhood. 1046 S Lincoln Street: A stunning 1907 Victorian featuring 3 beds, 2 baths, remodeled kitchen with gas range, vaulted ceilings, marble countertops, and a luxurious private upstairs primary suite with marble walk-in shower, dual vanities, and walk-in closet. 938 E Herbert Avenue: A charming updated bungalow with 2 beds, 1 bath, full kitchen, separate entrance, 794 finished SF plus 287 unfinished basement SF. Both homes feature separate gas, electric, and water meters. Minutes from Liberty Park, Sugar House, University of Utah, Westminster University, and downtown Salt Lake City. Whether you're an investor, homeowner, or looking to keep loved ones close, this is a rare opportunity to own TWO homes on ONE parcel in an unbeatable location! Schedule your private showing today!
Listed by Michael Diamond · Coldwell Banker Realty (Park City-Newpark)
Location
1046 S LINCOLN, Salt Lake City, UT 84105
Proforma
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Cap Rate
2.12%
Cash-on-Cash
-6.80%
Cash Flow
-$2,605/mo
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Pro forma estimates are based on assumptions, not guaranteed, and should not be relied upon.
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© 2026 UtahRealEstate.com. All rights reserved. Based on information from the Wasatch Front Regional Multiple Listing Service, Inc. as of 11/10/2026, 3:25:19 PM. 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. Listing data provided by UtahRealEstate.com.