48 E 200 N
Salt Lake City, UT 84103
MLS #2028030

Triplex for Sale

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.