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1884 E Shepard Ln, 
Lake Point, UT 84074

$1,500,000


4

Beds


2

Baths


2,880

Sq Ft


Multi-Family


Virtual Tour

Active

Listed by

Ryan J Konen

Charlotte A Konen

Real Broker, LLC.

801-505-9668

Last updated:

October 22, 2025, 11:02 AM

MLS#

2096777

Source:

SL

About This Home

1884 E Shepard Ln

Rare Lake Point Duplex with Acreage, Mountain Views & Horse Property Rights. Discover a rare investment or house-hack opportunity in beautiful Lake Point! This charming 1.10-acre duplex offers the freedom of no HOA, horse property rights, and incredible potential-live in one unit and rent out the other, or keep both as part of your growing portfolio. Built in 2001 and lovingly maintained by the original owners, each unit includes a one-car garage, central air and heat, and Kinetico filtered water at the kitchen sink, plus a shared water softener. Both units feature walkout unfinished basements with exterior entries-a rare setup that provides the opportunity to finish and add even more rental income down the road. Enjoy peaceful, rural living with open mountain views and plenty of space for animals, trailers, or future development. The City of Lake Point may allow an ADU on the excess land in the future (buyer to verify). You'll love being just 25 minutes from Salt Lake City, with easy I-80 access, Lake Point Park nearby, and a bus stop less than half a block away. This property is one of only five grandfathered duplexes in Lake Point-a true limited inventory gem. Annual gross income is approximately $44,590, with a 2024 NOI of $38,600 and both leases secured through 2026. The sale includes two separate water rights for culinary and irrigation use. This duplex may be sold alone or alongside the nearby 0.18-acre buildable lot (MLS# 2096867), making it ideal for investors or those pursuing a 1031 exchange. Don't miss this chance to own one of Lake Point's rare multi-unit properties!

Home Facts

Multi-Family

2 Baths

4 Bedrooms

Built in 2001

Price Summary

1,500,000

$520 per Sq. Ft.

MLS #:

2096777

Last Updated:

October 22, 2025, 11:02 AM

Added:

4 month(s) ago


Rooms & Interior

Bedrooms

Total Bedrooms:

4

Bathrooms

Total Bathrooms:

2

Interior

Living Area:

2,880 Sq. Ft.


Structure

Structure

Building Area:

2,880 Sq. Ft.

Year Built:

2001


Lot

Lot Size (Sq. Ft):

47,916


Finances & Disclosures

Finances

Price:

$1,500,000

Price per Sq. Ft:

$520 per Sq. Ft.

Source:SL
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