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Multi-Family Homes for Sale in Lake Point, Utah
Lake Point sits at the north end of Tooele Valley, tucked between the Oquirrh Mountains and the south shore of the Great Salt Lake. It's an unincorporated pocket of Tooele County, about 25 minutes from Salt Lake City International Airport via I-80, which is what keeps rental demand healthy here — tenants get a real commute to the SLC valley without paying Salt Lake County prices. Multi-family inventory in Lake Point is genuinely limited. The area is dominated by single-family homes on larger lots, including horse properties along Lake Point Bench and Saddleback, so when a duplex, triplex, or small fourplex hits the market it tends to move quickly to investors who already know the Tooele rental landscape.
Buyers looking at small multi-family here are usually doing one of two things: house-hacking with an FHA or VA loan to live in one unit while renting the others, or adding a cash-flowing rental to a portfolio that already includes properties in Tooele, Stansbury Park, or Grantsville. Rents have climbed alongside the broader Wasatch Front market, and vacancy stays low because the closest competing inventory is in Tooele proper, 10 minutes south. Property taxes in Tooele County also run lower than Salt Lake or Utah County, which helps the numbers pencil. Browse the active listings below to see what's currently on the market in Lake Point, and check back often since this category turns over in just a few properties at a time.
May 2026 · Lake Point market
Live from the Utah MLS — what's actually happening in Lake Point right now.
Median sale
$599,990
3 closed in May 2026
Median DOM
29 days
listing → contract
Sale-to-list
100.3%
of final list price
Unsold inventory
22
active + pending
2 matching · page 1 of 1
Active listings
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Common questions
About multi-family homes in Lake Point.
What counts as a multi-family property in Lake Point? ▾
On the MLS, multi-family in Lake Point typically means duplexes, triplexes, fourplexes, or small apartment buildings on a single parcel. Larger complexes are rare out here — most inventory is duplex-style with separate entrances and metered utilities. Anything over four units usually trades as a commercial listing rather than residential.
Why is multi-family inventory limited in Lake Point? ▾
Lake Point is a small unincorporated community in Tooele County with mostly single-family zoning and a lot of larger lots, including horse properties. Multi-family parcels exist but turn over slowly, so it's common to see only a handful of active listings at any given time. Setting up a saved search with alerts is the practical move.
What rents can owners expect in the Lake Point area? ▾
Rents here track closer to Tooele and Stansbury Park than to Salt Lake City. Three-bedroom units in a duplex typically rent in the $1,800–$2,300 range depending on condition, garage, and yard. The 20-minute commute to the SLC valley via I-80 keeps demand steady from workers who want a shorter drive than living further out in Tooele or Grantsville.
Are short-term rentals allowed in Lake Point? ▾
Lake Point falls under Tooele County's unincorporated zoning rules, and short-term rental regulations there are stricter than in tourist areas like Park City or St. George. Most multi-family owners run them as long-term rentals on 12-month leases. Verify current county code and any HOA restrictions before assuming an STR strategy will pencil.
What financing works for a small multi-family here? ▾
If you'll live in one unit, FHA and VA loans both allow 2–4 unit purchases with low down payments, and lenders can count a portion of projected rent toward your qualifying income. For pure investment buys, expect 20–25% down on a conventional loan with rates typically 0.5–0.75% above owner-occupied pricing. A local lender familiar with Tooele County appraisals helps.
How does Lake Point compare to Tooele or Stansbury Park for rental investing? ▾
Lake Point sits right at the mouth of the canyon on the way into Tooele Valley, so it's the closest Tooele County community to Salt Lake — about 25 minutes to the airport. Prices per unit tend to run slightly under Stansbury Park and similar to north Tooele, while tenant demand benefits from the I-80 commute. Inventory is thinner, but turnover and vacancy are usually low.