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Multi-Family Homes for Sale in Salt Lake City, Utah
Multi-family properties in Salt Lake City occupy a unique position in the Wasatch Front market. Duplexes, triplexes, and fourplexes are scattered across established neighborhoods like Sugar House, Glendale, Rose Park, and the Avenues — areas where older housing stock from the mid-20th century was built with rental income in mind from the start. Salt Lake City's population has grown steadily over the past decade, driven by the tech corridor along the I-15 corridor, the University of Utah's expanding enrollment, and a regional job market that continues to pull workers from outside the state. That consistent demand for rentals keeps vacancy rates low and gives multi-family owners a real cushion against carrying costs. Prices for a Salt Lake City duplex have generally ranged from the mid-$400,000s to well over $700,000 depending on lot size, unit condition, and proximity to TRAX light-rail stops — a detail that matters enormously to renters who commute downtown without a car.
Buying a multi-family home here is a different calculation than buying a single-family residence. Owner-occupying one unit while renting the others — often called "house hacking" — is a popular entry point for first-time investors, and FHA financing allows as little as 3.5% down on owner-occupied properties up to four units. Zoning is another important variable: Salt Lake City's ongoing transit-oriented development push has rezoned corridors near TRAX and the S-Line streetcar to allow higher-density use, which can affect long-term value. An experienced agent familiar with local zoning overlays, rent control conversations at the city council level, and neighborhood-by-neighborhood cap rates will make a real difference in due diligence. Browse the active listings below to see what's currently on the market.
June 2026 · Salt Lake City market
Live from the Utah MLS — what's actually happening in Salt Lake City right now.
Median sale
$597,075
206 closed in June 2026
Median DOM
3 days
listing → contract
Sale-to-list
99.0%
of final list price
Unsold inventory
819
active + pending
62 matching · page 2 of 3
Active listings
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Common questions
About multi-family homes in Salt Lake City.
What counts as a multi-family property in Salt Lake City? ▾
On the Salt Lake MLS, multi-family typically means duplexes, triplexes, and fourplexes — two to four units on one parcel under a single deed. Anything five units and up is treated as commercial and listed separately. Most of what trades in the city sits in the duplex and fourplex range, often older homes converted decades ago.
Which Salt Lake neighborhoods have the most duplexes and fourplexes? ▾
Central City, Liberty Wells, Ballpark, Poplar Grove, Rose Park, and the blocks around the University of Utah see the most multi-family inventory. Sugar House and 9th & 9th have some too, but prices there run noticeably higher. The Avenues has a handful of legacy duplexes carved out of larger Victorian homes.
Can I use an FHA loan to buy a duplex or fourplex if I live in one unit? ▾
Yes — owner-occupied two-to-four unit properties qualify for FHA financing with as little as 3.5% down, and rental income from the other units can often help you qualify. VA loans work similarly for eligible buyers with zero down. This is the most common path first-time house-hackers use in Salt Lake.
What kind of rents do Salt Lake City multi-family units bring in? ▾
As of recent market data, two-bedroom units in the central neighborhoods generally rent in the $1,400–$1,800 range, with newer or remodeled units pushing higher. Proximity to downtown, TRAX lines, and the U drives the strongest rent growth. Older fourplexes with original kitchens tend to lag the market until updated.
Are there zoning rules I should know about before buying? ▾
Salt Lake City has been actively rezoning to encourage more housing, but legal unit counts still matter — some properties advertised as duplexes were never permitted as such. Always pull the certificate of occupancy or check with SLC Planning before closing. ADUs are now allowed in most residential zones, which can add a unit to a single-family purchase.
How competitive is the multi-family market here right now? ▾
Small multi-family in Salt Lake moves slower than single-family because the buyer pool is narrower — mostly investors and house-hackers. Well-priced, cash-flowing properties in Liberty Wells or 9th & 9th still see multiple offers, while dated fourplexes can sit for 60+ days. Cap rates in the city generally land in the 5–6% range.