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.
For sale
Price cut: $21K (4/30)
$959,000
427 E 1st Ave, Salt Lake City, UT 84103
5beds
4baths
3,872sqft
Est.:
Triplex
Built in 1901
-- sqft lot
$930,800 Zestimate®
$248/sqft
$-- HOA
What's special
Detached two-car garage
- 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#: 2072561

Travel times
Tour with a buyer’s agent
Tour with a buyer’s agent
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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