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For sale
  • Price cut: $21K (4/30)
    $959,000

    427 E 1st Ave, Salt Lake City, UT 84103

    5beds
    4baths
    3,872sqft
    : 
    Triplex
    Built in 1901
    -- sqft lot
    $930,800 Zestimate®
    $248/sqft
    $-- HOA

    What's special

    Detached two-car garage
    Seller is open to offering flexible seller financing options with a strong down payment. Willing to negotiate a rate that works for both parties-creating a win-win opportunity for the right buyer. Also, current studio leases end in May then go month to month. Those market rents for the area are $1200-$1325 right now. The main unit is occupied by the owner. However, market rents suggest $3300-$4300 for a 3 bedroom space in this prime location. Contact the listing agent for full details. Full of character and charm, this classic craftsman-style triplex sits in the heart of the Avenues, one of Salt Lake City's most sought-after neighborhoods. A fantastic investment opportunity, this legal triplex features separate electric meters, a detached two-car garage, and several recent upgrades, including a new HVAC system (2023), a new main waterline (2024), and new carpet in the main unit (2024). Whether you're an owner-occupant or an investor, this property offers consistent rental demand with its proximity to the University of Utah and downtown. Enjoy nearby historic charm, scenic trails, and some of the city's best dining just minutes away. With the option to convert back into a single-family home, the possibilities are endless. Don't miss this rare opportunity to own a piece of Salt Lake City's history in an unbeatable location.
    14 days
    on Zillow
    |
    348
    |
    24
    |

    Zillow last checked: 7 hours ago

    Listing updated: June 05, 2025 at 03:18pm

    Listed by:

    David Wiser 801-498-0862,

    Wiser Real Estate, LLC,

    Kristy Wiser 801-520-4016,

    Wiser Real Estate, LLC

    Source: UtahRealEstate.com,MLS#: 2072561MLS Logo
    Travel times

    Tour with a buyer’s agent

    We’ll find a local expert to take you on a private tour of 427 E 1st Ave.

    Next available tour time:Tomorrow at 11am

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 5
    • Bathrooms: 4
    Heating
    • Electric, Forced Air, Central
    Appliances
    • Included: Disposal, Gas Oven, Gas Range, Free-Standing Range, Built In Dishwasher
    • Laundry: Electric Dryer Hookup
    Features
    • Walk-In Closet(s)
    • Flooring: Carpet, Hardwood, Tile
    • Windows: Blinds
    • Has fireplace: No
    Interior area
    • Total structure area: 3,872
    • Total interior livable area: 3,872 sqft

    Property

    Parking
    • Total spaces: 5
    • Parking features: Garage
    • Garage spaces: 2
    • Uncovered spaces: 3
    Features
    • Levels: Two
    • Patio & porch: Porch, Open Porch
    • Exterior features: Balcony, Entry (Foyer)
    • Fencing: Partial
    Lot
    • Size: 4,791.6 Square Feet
    • Features: Curb & Gutter, Secluded
    • Residential vegetation: Landscaping: Part, Mature Trees
    Details
    • Additional structures: Outbuilding
    • Parcel number: 0931480015
    • Zoning: RMF-35
    • Zoning description: Single-Family, Multi-Family

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Triplex
    • Attached to another structure: Yes
    Materials
    • Brick
    • Roof: Asphalt
    Condition
    • Blt./Standing
    • New construction: No
    • Year built: 1901

    Utilities & green energy

    • Water: Culinary
    • Utilities for property: Natural Gas Connected, Electricity Connected, Sewer Connected, Water Connected

    Community & HOA

    Community
    • Features: Sidewalks
    • Subdivision: Avenues
    HOA
    • Has HOA: No
    Location
    • Region: Salt Lake City

    Financial & listing details

    • Price per square foot: $248/sqft
    • Tax assessed value: $914,890
    • Annual tax amount: $4,795
    • Date on market: 3/25/2025
    • Listing terms: Cash,Conventional,FHA,Seller Finance,VA Loan
    • Inclusions: Dryer, Range, Range Hood, Refrigerator, Washer
    • Acres allowed for irrigation: 0
    • Electric utility on property: Yes
    • Road surface type: Paved
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