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163 S 600 E, Salt Lake City, UT 84102
$1,450,000Multifamily at 163 S 600 E, Salt Lake City, UT
163 S 600 E, Salt Lake City, UT 84102
Units
5
Price/Unit
$290,000
Price/Sqft
$288
Est Gross Yield
6.1%
$87,756/yr est.
Property Details
Unit Mix
| Type | Count | Beds | Baths | Sqft | Rent/Mo |
|---|---|---|---|---|---|
| 1BR / 1BA | 1 | 1 | 1 | 550 | $1,475/mo |
| 1BR / 1BA | 1 | 1 | 1 | 460 | $1,175/mo |
| 1BR / 1BA | 1 | 1 | 1 | 510 | $1,200/mo |
| 3BR / 3BA | 1 | 3 | 3 | 1,600 | $2,500/mo |
| 1BR / 1BA | 1 | 1 | 1 | 590 | $2,000/mo |
| Total | 5 | 7 | 7 | 3,710 | $8,350/mo |
Unit mix data is reported by the seller or listing agent through the MLS and may be inaccurate or incomplete. Buyers should independently verify all information and conduct their own due diligence before making any investment decisions.
Description
Proudly presented by Pride & Property Realty, an exceptional investment opportunity in the heart of Salt Lake City's desirable East Central neighborhood, ideally situated between Downtown Salt Lake City and the University of Utah. This charming 1904 Queen Anne Victorian offers five fully occupied apartments, combining historic architectural character with strong rental performance. Featuring over 5,000 square feet, the property includes four 1-bedroom residences and one spacious 3-bedroom, 3-bathroom apartment, providing a versatile and desirable unit mix. A standout feature is the stunning top-floor penthouse, a beautifully remodeled 1-bedroom, 1-bathroom residence with high-end finishes and two private patios with impressive views of Salt Lake City. The property generates $100,200 in annual scheduled rental income, with rents having increased approximately 43% since 2020. Additional highlights include six off-street parking spaces, separate electrical meters, shared laundry facilities, storage, private entrances, and the timeless appeal of a historic Victorian home. Major HVAC, plumbing, and electrical improvements were previously completed, blending classic character with modern functionality. The property's central location offers convenient access to the University of Utah, downtown employment, medical centers, restaurants, shopping, and public transportation. Whether you're expanding an existing portfolio or acquiring your first five-unit multifamily investment, this property presents a compelling opportunity to own a distinctive, income-producing asset in one of Salt Lake City's most established neighborhoods. Please do not disturb tenants.
Listed by Bryce Abplanalp · Pride and Property Realty LLC
Location
163 S 600 E, Salt Lake City, UT 84102
Proforma
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Cap Rate
4.02%
Cash-on-Cash
-1.74%
Cash Flow
-$788/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 11/12/2026, 9:07:51 AM. 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.