Salt Lake City Homes with Five-Plex Style

Welcome to Salt Lake City, Utah—a vibrant metropolis nestled against the stunning backdrop of the Wasatch Mountains. Known for its rich history, diverse culture, and breathtaking natural beauty, Salt Lake City is a place where urban living meets outdoor adventure. With a population that embraces a mix of tradition and innovation, this city offers a unique blend of opportunities, from thriving businesses to world-class dining and entertainment.

One of the most intriguing housing options in this dynamic city is the five-plex style home. Perfectly suited for both investors and homeowners seeking a multifamily living arrangement, five-plexes offer a fantastic opportunity to enjoy the benefits of property ownership while maximizing rental income. Each unit within these homes is designed to provide comfort and privacy, making them ideal for families, young professionals, or anyone looking for a community-oriented lifestyle.

Living in a five-plex in Salt Lake City means you’re never far from the action. Enjoy easy access to local parks, hiking trails, and cultural landmarks, including the iconic Salt Lake Temple and the bustling downtown area. With a strong sense of community, residents can partake in seasonal festivals, farmers' markets, and outdoor activities that celebrate the region's stunning landscapes.

Whether you’re looking to invest or find a unique home for yourself, Salt Lake City’s five-plex style residences offer an unparalleled opportunity to experience all that this remarkable city has to offer. Come discover your new home in this thriving urban oasis!

Newest Salt Lake City Homes with Five-Plex Style

$2,650,000

15 Beds ⋅ 13 Baths ⋅ 2174593 MLS

Rare investment and homeownership opportunity in a fast-growing corridor! 821 W Townhomes is a newly constructed, 5-unit boutique development showcasing bold contemporary architecture with sleek dark vertical siding, rich brickwork, overhead cantilever design, and high-end modern finishes throughout. Designed with versatility and functionality in mind, the community offers a mix of spacious 3-bedroom residential layouts with attached garages along with a standout end-unit live/work space fully permitted for ground-floor commercial use. Each unit features an sun-drenched open floor plan, low-maintenance luxury vinyl plank flooring, matte black fixtures, ductless mini-split climate systems, and a chef's kitchen equipped with clean white shaker cabinetry, stainless steel appliances, and quartz countertops with waterfall island seating. Whether looking to acquire the full 5-unit portfolio, lease high-demand units, or live in one while running a business or generating rental income, this development delivers turn-key luxury and long-term value.

821 W 800 S, Salt Lake City

$1,600,000

7 Beds ⋅ 5 Baths ⋅ 2169501 MLS

***GRAND OPENING SUNDAY 7/5 11-2 PM*** Beautifully built, well maintained, one-of-a-kind 5-PLEX that can seamlessly CONVERT into a 3 OR 4 PLEX, which creates an incredibly rare opportunity to obtain HIGHLY PREFERABLE <4 UNIT FINANCING... Historic charm, vaulted ceilings, quality finishes, stained glass, heated flooring, WOLF Range, wooden Pella doors & windows. The superb finishes allow for rents 20% higher than comps! Fantastic high demand location for long term, STRs, MTRs, now & in the future for 2034 Olympics. Perfect for owner occupants with low FHA/VA or conventional loans or investors looking for a CREATIVE cheap financing strategy! TENANT OCCUPIED, 24 HOUR NOTICE REQUIRED. ***Copy, paste & VIEW MATTERPORT TOUR BEFORE REQUESTING A SHOWING*** https://my.matterport.com/show/?m=XCfnoS4ZmcU

128 S 1000 E, Salt Lake City

$1,150,000

6 Beds ⋅ 5 Baths ⋅ 2164454 MLS

Rare opportunity to own a well-maintained 5-Plex in Salt Lake City's desirable Avenues neighborhood. Just minutes from downtown, the University of Utah, hospitals, restaurants, shopping, and public transit, this property is ideally located for tenants who want to be close to work, school, and everything the city has to offer. The property has seen major updates, including new plumbing throughout, along with other improvements that help reduce maintenance and keep the units attractive to renters. Its strong location has contributed to consistent tenant demand and low vacancy over the years. The Avenues continues to be one of Salt Lake City's most sought-after neighborhoods, making this an excellent opportunity for investors looking for a solid income-producing property with long-term upside. **Please do not disturb tenants. Showings require advance notice, and access to all units may not be available until an offer has been accepted. Buyer to verify all information, including square footage.

201 N I St, Salt Lake City

$850,000

4 Beds ⋅ 5 Baths ⋅ 2146633 MLS

Exceptional opportunity in the highly desirable Liberty Wells neighborhood, just minutes from downtown Salt Lake City and Sugar House. This charming 5-plex offers immediate income with significant upside potential. Current rents are below market due to long-term tenants, all on month-to-month leases, providing flexibility for a new owner to reposition and increase returns. The property features a well-maintained main house (built in 1902) with two one-bedroom units and one studio, plus a separate building with two additional one-bedroom apartments. Each unit offers functional layouts with kitchens or kitchenettes and individual heating systems (in main home, shared in back dwelling), appealing to a wide tenant base. Recent capital improvements include a new water line from the street to the home (2025), updated main house plumbing (2025), water heater replacement for the back building (2021), and new refrigerator in Unit #3 (2022)-reducing near-term maintenance concerns. Situated in a walkable location near restaurants, shopping, and entertainment, this property combines historic character with strong rental demand. Ideal for investors seeking a value-add asset with both immediate cash flow and long-term appreciation potential. Off street parking and conveinant on street parking. Buyer and buyer's agent to verify all information, including square footage. Estimated market rents (conservative Liberty Wells / Sugarhouse range): 1-bed units: ~$1,100$1,250 Studio: ~$900$1,000 Projected Stabilized Monthly Income (mid-range): (4 $1,175) + $950 = $5,650/month Projected Annual Income: $67,800 Projected NOI: $67,800 $11,448 = $56,352 Stabilized Cap Rate (at $850,000): 6.63%

1175 S 300 E, Salt Lake City

$1,899,000

10 Beds ⋅ 5 Baths ⋅ 2135108 MLS

PREMIUM TURN-KEY MULTIFAMILY INVESTMENT. Thoughtfully restored and extensively improved, this unique fully furnished 5-plex stands apart from typical multifamily offerings by combining historic character with modern systems, quality finishes, and true turn-key operation. Situated in a highly desirable Eastside Downtown Salt Lake City location near the University of Utah, TRAX, and major employment centers, the property benefits from consistent demand among students, working professionals, and long-term residents seeking quality housing in one of Salt Lake City's most convenient locations. Each of the five apartments features two bedrooms, one full bathroom, a comfortable living area, and dining space. All units have been upgraded with remote-controlled mini-split heating and cooling systems, providing individual climate control in every room. Residents enjoy private front porches or decks, a shared rear patio, on-site laundry facilities, and designated parking. Current rents have remained largely unchanged for several years, providing potential future upside while maintaining exceptional occupancy and tenant retention. Extensive improvements and upgrades to the property's interior and infrastructure have significantly reduced future maintenance concerns, creating an attractive ownership experience for investors who prefer managing an asset rather than a renovation project. Combined with a strong occupancy history, this property offers a rare blend of stability, quality, and long-term investment potential. Listing agent is related to Seller.

937 E 300 S, Salt Lake City

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