MLS #2072561 | 427 E 1st Ave, Salt Lake City

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Triplex for Sale

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.

Price Insights

Current price
Price per sq ft
Price per finished sq ft

$959,000
$248 / square foot
$248 / finished sq ft

57 Days on the Market

Status: Available

Schools, Inclusions, & Exclusions

Dryer, Range, Range Hood, Refrigerator, Washer
Inclusions are often re-negotiated during contract negotiation.

No items have been listed as excluded.

Salt Lake School District

Elementary: Wasatch
Middle: Bryant
Senior: West

The Numbers

Interior :
Style :
Year built :
Lot acres :
Lot sq ft :

3,872 square feet
Style: 2 Story
1901
.11 acres
4,792 square feet

Home Features & Amenities

Features: Walk-in Closet, Disposal, Oven: Gas, Gas Range, Free Standing Range/Oven, Dishwasher: Built-In
Flooring: Carpet, Hardwood, Tile
Window Coverings: Blinds
Heating: Electric, Forced Air, Central Gas
Utilities: Natural Gas Connected, Electricity Connected, Sewer Connected, Water Connected

Exterior: Brick
Roof: Asphalt
Style: 2 Story

Lot Size: 0.11 Acres (4, 792 sqft)
Salt Lake County
Lot Info: Curb & Gutter, Partially Fenced, Paved Road, Secluded, Sidewalks
Subdivision: Avenues

Private Showing

For showing appointments, call Anna Sears, Realtor^® to view the home at 427 E 1st Ave in Salt Lake City. Give Anna Sears, Realtor^® a call at (801) 680-2662.

427 E 1st Ave was listed on Mar 24th, 2025 by KW South Valley Keller Williams, a real estate brokerage. 801-676-5700 is the contact info for the listing brokerage contact assigned for this listing.

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