Four-Plex Apartment
For Sale
$1,475,000
1130 N 200 W, Bountiful, UT 84010
MULTI_FAMILY - Other - Bountiful, UT
Property Size6,113 SF
Lot Size0.36 Acres
Price / SF$241.29
Days on Market174
Property Features for 1130 N 200 W
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Zoning
Multi-Family
Zoning description
RM-13
Bedrooms
16
Bathrooms
8
Full bathrooms
8
Rooms
Bathroom 5, Bedroom 3, Bedroom 7, Bathroom 3, Bedroom 11, Bedroom 6, Bedroom 10, Bedroom 8, Bathroom 4, Bedroom 13, Bedroom 12, Bedroom 9, Bedroom 5, Bedroom 15, Bathroom 1, Bathroom 8, Bathroom 7, Bedroom 16, Bedroom 1, Bathroom 2, Bedroom 2, Bedroom 4, Bathroom 6, Bedroom 14
Parking
8
Patio and Porch features
Porch
Interior features
Disposal, Gas Log, Range/Oven: Free Stdng., Dishwasher: Built-In
Exterior features
Basement Entrance, Double Pane Windows, Entry (Foyer), Porch: Open, Walkout
Fireplace
1
Lot features
Fenced: Part, Road: Paved, Sidewalks, Sprinkler: Auto- Full, View: Mountain
Elementary school
None/Other
Middle school
None/Other
High school
None/Other
Elementary school district
Davis
Middle school district
Davis
High school district
Davis
Subdivision
Bntfl; NSL; Cntrvl; WdX; Frmtn
Standard status
Active
APN
03-003-0135
Size
6,113 SF
Lot size
0.36 Acres
Taxes and HOA fees
Tax Annual Amount
6458
Utilities
Heating system
Forced Air
Building Details
Year built
1996
Number of units
4
Flooring type
Hardwood, Tile, Carpet
Building materials
Brick
Roof type
Asphalt
Architectural style
Other
Listing Agency:
Oakwood Realty & Property Management 8 Corp
(801) 916-0771
Listed By:
Russ James
(801) 916-0771
Added: Feb 19
Changed: Aug 5
Last Checked: Aug 12 at 9:06AM
MLS# 2138273
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Investment Insights
Based on property information with market context.
This four-plex apartment building on a 0.36-acre lot totals 6,113 square feet and was built in 1996. The property is constructed with brick and features forced-air heating, double-pane windows, and asphalt roofing. Units include vaulted ceilings, gas fireplaces, and 4-bedroom, 2-bath layouts. Each unit has a 1-car garage, and the interior package includes built-in dishwasher, disposal, range/oven, hardwood, tile, and carpet finishes.
The exterior offers a porch and walkout configuration, plus a basement entrance. The property carries two tax ID numbers and has separate water meters for each unit. Tenants currently pay all utilities except sewer and secondary water for sprinklers.
The City indicates the property can possibly be separated and condominiumized for separate sale. Two units tax IDs and fully occupied status are in place, and showings require an accepted offer.
The exterior offers a porch and walkout configuration, plus a basement entrance. The property carries two tax ID numbers and has separate water meters for each unit. Tenants currently pay all utilities except sewer and secondary water for sprinklers.
The City indicates the property can possibly be separated and condominiumized for separate sale. Two units tax IDs and fully occupied status are in place, and showings require an accepted offer.
Key Highlights
- 0.36‑acre four‑plex totaling 6,113 SF built in 1996 with brick construction
- Four 4‑bedroom, 2‑bath units with vaulted ceilings and gas fireplaces
- 1‑car garage per unit
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$75,051
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.09%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,501,020
$1.5M
Cap Rate 7%
$1,072,157
$1.1M
Cap Rate 9%
$833,900
$833.9K
Market Conditions
NOI Build-Up for 6,113 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$118.5K $19.38/SF
− Vacancy
−$11.3K −$1.84/SF
EGI
$107.2K $17.54/SF
− OpEx
−$32.2K −$5.26/SF
NOI
$75.1K $12.28/SF
Area
Davis County, UT
Vacancy
9.50%
Lease Rate
$19.38 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,501,020
Cap Rate 7%
$1,072,157
Cap Rate 9%
$833,900
Alternative Uses
Best Use
Multifamily LT 5
$1.07M
$938.1K – $1.25M
NOI $75,051 @ 7.0% cap · market cap 5.09%
Second Best
Apartment 5plus
$993.4K
$869.2K – $1.16M
NOI $69,536 @ 7.0% cap · market cap 4.71%
Theoretical Best
Office A
$1.41M
$1.24M – $1.65M
NOI $98,829 @ 7.0% cap · market cap 6.70%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
1,933
Businesses Nearby
Explore this area
Business Placement
Demographics for 84010, UT
48,439
Population
16,103
Households
3
Avg Household Size
35
Median Age
46%
College-Educated
98%
High-School Grad
38.0 sq mi
ZIP Area
1,275
Density / Sq Mi
$102,038
Median Household Income
$45,472
Median Earnings
$1,458
Median Rent
$486,000
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Quadplex - Fully occupied four-unit property with separate water meters and 1-car garages per unit under multi-family zoning.
Where is this quadplex located?
The property is located at 1130 N 200 W Bountiful, UT.
What is the asking price?
The asking price for this property is $1,475,000.
What are key features of this property?
This property features: 0.36‑acre four‑plex totaling 6,113 SF built in 1996 with brick construction; Four 4‑bedroom, 2‑bath units with vaulted ceilings and gas fireplaces; 1‑car garage per unit
