48 E 200 N Active Save Request In-Person Tour Request Virtual Tour
Salt Lake City,UT 84103
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
Square Footage 1,929 sqft
Price per Sqft $466
Subdivision Capitol Hill Historic District
MLS Listing ID 2028030
Style Stories: 2
Bedrooms 3
Construction Status Blt./Standing
HOA Y/N No
Year Built 1888
Annual Tax Amount $2,322
Lot Size 4,356 Sqft
Acres 0.1
Lot Dimensions 0.0x0.0x0.0
Property Description
Steps from Capitol Hill discover The Moroni Heber Kimball House at 48 East 2nd North. Formerly owned by Heber Kimball, a leader in the early Latter Day Saint movement who served as one of the original twelve apostles; then sold to William Spry who was the third governor of the State of Utah and the U.S. Marshal for Utah. This income-generating triplex has exceptional tenant retention and represents an incredible investment opportunity. 48 East 2nd North is also an irreplaceable component of The Capitol Hill Historic District. This Folk Victorian property is estimated to be built circa 1888 in an esteemed neighborhood of incredible landmarks. Long tenured tenants, some of whom have called this place home for decades, drive consistent revenue and low operating expenses. Zoned RMF-75, there is optionality as a multi-family, single-family, or short-term rental. Additional features include a shared laundry room on the south side of the building along with individual gas and electricity meters. All other expenses are allotted pro-rata to each unit paid by the tenants. The monthly rental charges for each one-bedroom unit at The Moroni Heber Kimball House are $1,053, $993, and $1,223, which includes a trash valet subscription fee, property tax fee, a media package fee, and additional charges based on monthly water usage. All leases expire in September 2025 each with historically strong leasing periods. This property truly stands out as a rarity with no sales history in Utah's online multiple listing service records, making this a once-in-a-lifetime chance to own a piece of Salt Lake City's rich history. The property is also listed as a single-family residence, subject to county-approved conversion as an additional option to its future owner see utahrealestate.com/2028035. Don't miss out on this extraordinary opportunity to own a historic, revenue-generating property in one of Salt Lake City's most coveted areas. Only a handful of historic buildings are listed each year in The Capitol Hill Historic District, and each one offers something unique, this treasured triplex may just become your favorite acquisition yet. Upon request, a rental income statement is available. Contact the listing agent for more details.
Location
State UT
County Salt Lake
Area Salt Lake City: Avenues Area
Zoning Single-Family, Multi-Family, Short Term Rental Allowed
Interior
Interior Features See Remarks,Vaulted Ceilings
Heating Gas: Central
Flooring Carpet,Linoleum
Inclusions Dryer, Washer
Fireplace false
Window Features Blinds
Exterior
Exterior Feature See Remarks,Double Pane Windows,Patio: Covered,Porch: Open,Stained Glass Windows
Utilities Available Natural Gas Connected,Electricity Connected,Sewer Connected,Water Connected
Waterfront No
View Y/N No
Roof Type Pitched,Tile
Present Use Residential
Topography Curb & Gutter, Road: Paved, Sidewalks, Sprinkler: Auto-Full, Drip Irrigation: Auto-Part
Accessibility Single Level Living
Porch Covered,Porch: Open
Private Pool false
Building
Lot Description Curb & Gutter,Road: Paved,Sidewalks,Sprinkler: Auto-Full,Drip Irrigation: Auto-Part
Faces North
Sewer Sewer: Connected
Water Culinary
Structure Type Brick
New Construction No
Construction Status Blt./Standing
Schools
Elementary Schools Bonneville
Middle Schools Hillside
High Schools East
School District Salt Lake
Others
Senior Community No
Tax ID 09-31-309-034
Acceptable Financing Cash,Conventional,FHA,VA Loan
Horse Property No
Listing Terms Cash,Conventional,FHA,VA Loan