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MLS #2153631
This home for sale at 3135 S 200 E South Salt Lake, UT 84115 has been listed at $1,200,000.
Don't miss this rare chance to acquire a true legal conforming 4-plex with assumable seller financing at 5.5%. All four units are 2BD/1BA at 832 sq ft each, generating $6,135/month in gross rental income. The seller financing is an all-inclusive trust deed on an existing note amortized over 30 years with a balloon due October 31, 2030 - a qualified buyer with approximately $428,000 down steps directly into the note and locks in below-market financing on day one. The property has been comprehensively updated in the last three years: new roof, new furnaces and A/C units, brand new kitchens with granite countertops and soft-close cabinetry, new appliances and washer/dryers in every unit, new tile bathrooms, new electrical panels, and a full french drain. All four units have separate gas and electric meters, covered carport parking, and full laundry hookups. There is zero deferred maintenance and no capital improvements on the horizon - just clean, stable cash flow in a strong Salt Lake rental market. Always full occupancy. DO NOT DISTURB TENANTS. Make offers subject to inspection. Call listing agent prior to writing offer. Square footage per appraiser measurement - buyer to verify all information.
Located in TEN AC PLAT A, South Salt Lake.
Most errands can be accomplished on foot. Strong transit options available. It's convenient to bike for trips.
Live rates from Radiant Mortgage · Salt Lake County tax · estimate only
Tyler Slesk is our preferred mortgage lender — not your real estate agent. Reach out for rates, pre-approval, or affordability questions.
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South Salt Lake, UT · approximate location
Listed by: Joe Pierson · Real Broker, LLC.
Source: UtahRealEstate.com.
Information deemed reliable but not guaranteed. All measurements and calculations of area should be independently verified.
Based on information from UtahRealEstate.com as of May 19, 2026. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or the MLS. All information should be independently reviewed and verified for accuracy. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Publisher's notice: All real estate advertised herein is subject to the Federal Fair Housing Act and Utah Fair Housing Act, which Acts make it illegal to make or publish any advertisement that indicates any preference, limitation, or discrimination based on race, color, religion, sex, handicap, family status, or national origin.
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How this property sits against recent sales in the area.
This listing: $1,200,000 — 156.7% above the median sale price.
South Salt Lake market — Residential
Latest data through April 2026.
Median sale price
$467,500
-2.6% year over year
Median days on market
61
-48 days year over year
Sale-to-list ratio
92.7%
-2.08pp year over year
Homes sold last month
4
-4 year over year
