$1,049,900

SELLER FINANCING AVAILABLE: 20% down, 6% rate, 30-year amortization, 3-year balloon (~$5,036/month P&I). Rare six-unit multifamily on a corner lot in the heart of Salt Lake City, sold as three contiguous parcels totaling approximately 0.24 acres. Built in 1926 and thoughtfully converted to six units: a studio, four one-bedrooms, and… Read More a large basement two-bedroom, approximately 5,067 square feet in all. The character carries through: hardwood floors in five units, fireplaces in Units 1 and 2, boiler heat with radiators in every unit, and updated baths in Units 1, 2 and 3. The two-bedroom basement apartment offers two walk-in closets and newer LVP flooring. Free shared laundry and a fenced yard are on site. Tenants pay their own electricity in Units 1 through 5; owner pays gas, water, sewer, garbage, and electricity for Unit 6 and common areas. The big-ticket items are already handled: roof and boiler approximately 6 years old, exterior paint approximately 2 years old, sewer line relined approximately 3 years ago, and water line replaced and upgraded. Ten off-street parking spaces, including 3 tandem bays, is a genuine rarity in this neighborhood. Three of the one-bedrooms are renting below market, with more than $11,000 a year in rent upside, giving a new owner the chance to immediately unlock equity within a highly desired downtown neighborhood. Two units are Section 8 with contracts a new owner can take over. The location sells itself: walk to Trolley Square, Whole Foods, and Trader Joe's, two blocks to TRAX, and minutes from the University of Utah. The zoning adds a second layer of opportunity: the building sits on RMF-30 multi-family zoning, while the two parcels fronting E Markea Ave are zoned SR-3, which allows for new residential construction. Today those back parcels carry the off-street parking and yard that serve the building. For a buyer willing to look ahead, they offer real long-term potential, and we encourage buyers to explore the possibilities with Salt Lake City. Sold as-is; please note foundation settling on the north side of the building; contact the listing agent for details and documentation. Sale includes three parcels: 16-05-163-025 (243 S 800 E, primary parcel), 16-05-163-026 (817 E Markea Ave) and 16-05-163-027 (821 E Markea Ave). Combined, the site offers approximately 147' of continuous frontage along E Markea Ave and 70.5' along 800 East. All units are occupied and will be shown with an accepted offer. Property Summary, Unit Summaries, floor plans, rent roll, expense detail and repair bid available from the listing agent. Buyer & buyer's agent to verify zoning, development potential, square footage and all other information. DO NOT DISTURB TENANTS. Read Less

Courtesy of Keaton Godfrey, Utah's Wise Choice Real Estate 801-679-9474

Listing Snapshot

Days Online

Last Updated

Nov 11, 2026

Property Type

> 4 Units

Beds

Square Ft.

5,067

Lot Size

0.24 Acres

Year Built

1926

MLS Number

2190633

Additional Details

Property Access

Frontage Length: 70.5

Appliances & Equipment

Other equipment: Fireplace Equipment

Building

Built in 1926, Built in 1994 (effective), Living area: 5067.0, Living area units: Square Feet, Building faces West, Construction Materials: Brick

Disclosures

Exterior Features

Patio/Porch Features: Porch: Open, Awning(s), Basement Entrance, Entry (Foyer), Porch: Open

Fireplaces

Fireplace Equipment

Floors

Carpet, Hardwood, Linoleum, Tile

Heating

Hot Water, Hydronic

Interior Features

Alarm: Fire, Basement Apartment, Mother-in-Law Apt., Range/Oven: Free Stdng., Dishwasher: Built-In

Laundry

Electric Dryer Hookup

Lot

0.24 acres, Dimensions: 70.5x147.0x0.0, Additional Land Available, Corner Lot, Curb & Gutter, Fenced: Full, Road: Paved, Sidewalks, Sprinkler: Auto-Full, Topography: Additional Land Available, Corner Lot, Curb & Gutter, Fenced: Full, Road: Paved, Sidewalks, Sprinkler: Auto-Full, Landscaping: Full, Mature Trees

Parking

10 open parking spaces, 10 total parking spaces, Parking: Uncovered

Property

Blt./Standing

Roof

Asphalt

Sewer

Sewer: Connected, Sewer: Public

Taxes

Parcel Number: 16-05-163-025, Annual Amount: $4,632, Zoning: Multi-Family, Zoning description: RMF-30

Utilities

Natural Gas Connected, Electricity Connected, Sewer Connected, Sewer: Public, Water Connected, Water Source: Culinary

Windows

Blinds

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