$1,450,000

Proudly presented by Pride & Property Realty, an exceptional investment opportunity in the heart of Salt Lake City's desirable East Central neighborhood, ideally situated between Downtown Salt Lake City and the University of Utah. This charming 1904 Queen Anne Victorian offers five fully occupied apartments, combining historic architectural character with strong rental performance. Featuring over 5,000 square feet, the property includes four 1-bedroom residences and one spacious 3-bedroom, 3-bathroom apartment, providing a versatile and desirable unit mix. A standout feature is the stunning top-floor penthouse, a beautifully remodeled 1-bedroom, 1-bathroom residence with high-end finishes and two private patios with impressive views of Salt Lake City. The property generates $100,200 in annual scheduled rental income, with rents having increased approximately 43% since 2020. Additional highlights include six off-street parking spaces, separate electrical meters, shared laundry facilities, storage, private entrances, and the timeless appeal of a historic Victorian home. Major HVAC, plumbing, and electrical improvements were previously completed, blending classic character with modern functionality. The property's central location offers convenient access to the University of Utah, downtown employment, medical centers, restaurants, shopping, and public transportation. Whether you're expanding an existing portfolio or acquiring your first five-unit multifamily investment, this property presents a compelling opportunity to own a distinctive, income-producing asset in one of Salt Lake City's most established neighborhoods. Please do not disturb tenants.