Remodeled Four-Unit
For Sale
$1,200,000
270 E CENTER St, Bountiful, UT 84010
Residential, Bountiful, UT
Property Size5,792 SF
Lot Size0.33 Acres
Price / SF$207.18
Days on Market53
Property Features for 270 E CENTER St
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Zoning
Single-Family
Bedrooms
12
Bathrooms
8
Full bathrooms
8
Rooms
Bathroom 5, Bedroom 4, Bedroom 10, Bedroom 6, Bathroom 1, Bathroom 3, Bedroom 2, Bedroom 3, Bedroom 8, Bedroom 1, Bathroom 4, Bathroom 6, Bedroom 5, Bathroom 8, Bedroom 9, Bathroom 7, Bathroom 2, Bedroom 11, Bedroom 12, Bedroom 7
Parking
16
Parking features
Covered, Open
Window features
Blinds
Interior features
Alarm: Fire, Range/Oven: Free Stdng., Dishwasher: Built-In
Exterior features
Basement Entrance
Lot features
Corner Lot, Fenced: Part, Secluded, Sidewalks, Sprinkler: Auto- Full
Elementary school
Holbrook
Middle school
Millcreek
High school
Bountiful
Elementary school district
Davis
Middle school district
Davis
High school district
Davis
Subdivision
Bntfl; NSL; Cntrvl; WdX; Frmtn
Standard status
Active
APN
03-031-0039
Size
5,792 SF
Lot size
0.33 Acres
Taxes and HOA fees
Tax Annual Amount
6807
Utilities
Sewer type
Public Sewer
Heating system
Central, Natural Gas
Amenities
in-unit laundry hookups
Building Details
Year built
1996
Floors in Building
2
Number of units
4
Flooring type
Carpet, Laminate
Building materials
Aluminum, Brick
Roof type
Asphalt
Architectural style
Other
Listing Agency:
Equity Real Estate (Select)
(801) 589-5800
Listed By:
Matthew Larson
(801) 725-5666
Added: Aug 3
Changed: Sep 24
Last Checked: Sep 24 at 6:06PM
MLS# 2176971
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.
This four-unit residential property contains 5,792 square feet across four three-bedroom, two-bath units averaging approximately 1,448 square feet each. Every unit includes in-unit laundry hookups and a dedicated garage. Three units have been remodeled, while the fourth offers additional improvement potential. Separate gas and electric meters serve the units, which are fully occupied under month-to-month tenancies.
The property sits on a 0.33-acre corner lot with mature landscaping at 270 E Center St in Bountiful, Utah. It provides access to historic downtown Bountiful and I-15. Built in 1996, the improvements include aluminum and brick construction, central natural-gas heating, asphalt roofing, public sewer, open and covered parking, and a basement entrance. The zoning is identified as Single-Family.
The property sits on a 0.33-acre corner lot with mature landscaping at 270 E Center St in Bountiful, Utah. It provides access to historic downtown Bountiful and I-15. Built in 1996, the improvements include aluminum and brick construction, central natural-gas heating, asphalt roofing, public sewer, open and covered parking, and a basement entrance. The zoning is identified as Single-Family.
Key Highlights
- Four 3‑bedroom, 2‑bath units averaging approximately 1,448 square feet each
- 5,792‑square‑foot multifamily property on a 0.33‑acre corner lot
- Three units remodeled; fourth unit offers additional improvement potential
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
$71,110
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
5.93%
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%
$1,422,200
$1.4M
Cap Rate 7%
$1,015,857
$1.0M
Cap Rate 9%
$790,111
$790.1K
Market Conditions
NOI Build-Up for 5,792 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
$112.2K $19.38/SF
− Vacancy
−$10.7K −$1.84/SF
EGI
$101.6K $17.54/SF
− OpEx
−$30.5K −$5.26/SF
NOI
$71.1K $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%
$1,422,200
Cap Rate 7%
$1,015,857
Cap Rate 9%
$790,111
Alternative Uses
Best Use
Multifamily LT 5
$1.02M
$888.9K – $1.19M
NOI $71,110 @ 7.0% cap · market cap 5.93%
Second Best
Apartment 5plus
$941.2K
$823.6K – $1.10M
NOI $65,885 @ 7.0% cap · market cap 5.49%
Theoretical Best
Office A
$1.34M
$1.17M – $1.56M
NOI $93,640 @ 7.0% cap · market cap 7.80%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
4
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,763
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Four spacious residential units offer private garages, laundry hookups, and a mix of updated interiors on a landscaped corner lot.
Where is this quadplex located?
The property is located at 270 E CENTER St Bountiful, UT.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Four 3‑bedroom, 2‑bath units averaging approximately 1,448 square feet each; 5,792‑square‑foot multifamily property on a 0.33‑acre corner lot; Three units remodeled; fourth unit offers additional improvement potential
