Updated-Interior
For Sale
$865,000
1470 S EDISON St, Salt Lake City, UT 84115
Residential, Salt Lake City, UT
Property Size2,726 SF
Lot Size0.16 Acres
Price / SF$317.31
Days on Market54
Property Features for 1470 S EDISON St
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Zoning
Multi-Family, Commercial
Zoning description
R1500
Bedrooms
6
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 3, Bathroom 4, Bedroom 6, Bedroom 3, Bathroom 1, Bathroom 2, Bedroom 5, Bedroom 2, Bedroom 1, Bedroom 4
Parking
7
Parking features
Covered
Window features
Blinds
Patio and Porch features
Deck
Interior features
Kitchen: Updated, Oven: Gas, Range: Gas
Exterior features
Balcony, Basement Entrance, Deck; Covered, Double Pane Windows, Lighting
Subdivision
CAPITOL
Lot features
Curb & Gutter, Fenced: Full, Road: Paved, Sidewalks, Sprinkler: Auto- Part, View: Mountain
Elementary school
Whittier
Middle school
Hillside
High school
Highland
Elementary school district
Salt Lake
Middle school district
Salt Lake
High school district
Salt Lake
Standard status
Active
APN
16-18-106-010
Size
2,726 SF
Lot size
0.16 Acres
Taxes and HOA fees
Tax Annual Amount
4479
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas, Forced Air, Central
Amenities
Google Fiber
cellar storage
mountain views
Building Details
Year built
1923
Floors in Building
2
Number of units
4
Flooring type
Laminate, Carpet, Tile
Building materials
Brick, Cedar
Roof type
Asphalt
Architectural style
Other
Listing Agency:
KW WESTFIELD · Keller Williams Realty
(801) 850-5600
Listed By:
Jeff Eaves
(801) 860-1166
Added: Aug 14
Changed: Sep 13
Last Checked: Oct 6 at 1:06PM
MLS# 2179617
Copyright © 2026 UtahRealEstate.com. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Built in 1923, this 2,726-square-foot quadplex contains four residential units and has received updates to its kitchens, bathrooms, flooring, and many windows. Each unit has separate gas and electric meters, while two units have Google Fiber. The building includes covered outdoor areas, double-pane windows, gas forced-air heating, and a 690-square-foot cellar with five 5x8 storage compartments. The cellar can be rented to tenants for $25 each per month.
The 0.16-acre property is located in Salt Lake City's Ballpark neighborhood, near Salt Lake Community College's South City Campus and Smith's Ballpark. Seven off-street parking spaces are located behind the building. The property is zoned Multi-Family, Commercial, with access to downtown, Liberty Park, TRAX, freeways, and the airport.
The 0.16-acre property is located in Salt Lake City's Ballpark neighborhood, near Salt Lake Community College's South City Campus and Smith's Ballpark. Seven off-street parking spaces are located behind the building. The property is zoned Multi-Family, Commercial, with access to downtown, Liberty Park, TRAX, freeways, and the airport.
Key Highlights
- Four residential units within a 2,726‑square‑foot quadplex
- 690‑square‑foot cellar with five 5x8 storage compartments
- Seven off‑street parking spaces behind the building
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$36,353
Cap Rate
4.20%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$727,060
$727.1K
Cap Rate 7%
$519,329
$519.3K
Cap Rate 9%
$403,922
$403.9K
Market Conditions
NOI Build-Up for 2,726 SF
Gross rent
$55.0K $20.16/SF
− Vacancy
−$3.0K −$1.11/SF
EGI
$51.9K $19.05/SF
− OpEx
−$15.6K −$5.72/SF
NOI
$36.4K $13.34/SF
Area
Salt Lake City, UT
Vacancy
5.50%
Lease Rate
$20.16 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$727,060
Cap Rate 7%
$519,329
Cap Rate 9%
$403,922
Alternative Uses
Best Use
Multifamily LT 5
$519.3K
$454.4K – $605.9K
NOI $36,353 @ 7.0% cap · market cap 4.20%
Second Best
Apartment 5plus
$482.4K
$422.1K – $562.9K
NOI $33,771 @ 7.0% cap · market cap 3.90%
Theoretical Best
Office A
$734.4K
$642.6K – $856.8K
NOI $51,410 @ 7.0% cap · market cap 5.94%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
4
Residential units
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,330
Businesses Nearby
Explore this area
Business Placement
Demographics for 84115, UT
27,588
Population
13,899
Households
2
Avg Household Size
33
Median Age
33%
College-Educated
85%
High-School Grad
6.1 sq mi
ZIP Area
4,523
Density / Sq Mi
$61,505
Median Household Income
$43,785
Median Earnings
$1,263
Median Rent
$396,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Quadplex - Four-unit property with separate utility metering, off-street parking, and a rentable storage cellar.
Where is this quadplex located?
The property is located at 1470 S EDISON St Salt Lake City, UT.
What is the asking price?
The asking price for this property is $865,000.
What are key features of this property?
This property features: Four residential units within a 2,726‑square‑foot quadplex; 690‑square‑foot cellar with five 5x8 storage compartments; Seven off‑street parking spaces behind the building
