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    4350 S 900 E Millcreek, UT 84124

    Sponsored
    For Sale
    $16,890,000

    MULTI_FAMILY - Other - Millcreek, UT

    Property size:
    43,985 SF
    Lot size:
    1.43 Acres
    Days on Market:
    69
    Last Refresh:
    Jan 20 at 9:06 am

    Property Features for 4350 S 900 E

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Property condition
    Under Construction
    Standard status
    Active
    Zoning
    Multi-Family
    Rooms
    Bathroom 38, Bathroom 57, Bathroom 26, Bathroom 84, Bathroom 55, Bathroom 6, Bathroom 22, Bedroom 39, Bathroom 93, Bathroom 8, Bedroom 54, Bathroom 11, Bathroom 59, Bathroom 67, Bathroom 78, Bathroom 52, Bedroom 62, Bedroom 42, Bedroom 36, Bedroom 35, Bathroom 9, Bathroom 76, Bathroom 40, Bedroom 13, Bathroom 41, Bathroom 43, Bathroom 30, Bedroom 25, Bedroom 40, Bathroom 3, Bedroom 8, Bathroom 54, Bedroom 10, Bathroom 73, Bathroom 21, Bathroom 44, Bedroom 55, Bedroom 48, Bathroom 32, Bedroom 44, Bathroom 37, Bathroom 36, Bedroom 15, Bathroom 5, Bathroom 88, Bathroom 68, Bedroom 63, Bathroom 13, Bathroom 2, Bathroom 29, Bathroom 49, Bathroom 85, Bedroom 57, Bedroom 11, Bathroom 15, Bedroom 31, Bedroom 45, Bedroom 61, Bathroom 92, Bathroom 50, Bedroom 52, Bedroom 14, Bedroom 19, Bathroom 80, Bedroom 51, Bathroom 12, Bedroom 65, Bathroom 83, Bedroom 59, Bedroom 22, Bathroom 25, Bathroom 71, Bathroom 53, Bedroom 5, Bathroom 58, Bathroom 64, Bathroom 61, Bathroom 81, Bathroom 66, Bathroom 79, Bedroom 58, Bedroom 34, Bathroom 48, Bedroom 3, Bathroom 39, Bedroom 53, Bathroom 56, Bathroom 70, Bathroom 77, Bathroom 19, Bedroom 33, Bathroom 65, Bathroom 91, Bathroom 82, Bathroom 24, Bedroom 29, Bathroom 16, Bathroom 75, Bedroom 12, Bedroom 6, Bedroom 4, Bathroom 18, Bedroom 1, Bathroom 87, Bathroom 33, Bathroom 28, Bathroom 34, Bedroom 26, Bedroom 20, Bathroom 86, Bathroom 14, Bathroom 42, Bathroom 47, Bathroom 23, Bedroom 47, Bathroom 89, Bedroom 16, Bedroom 23, Bedroom 66, Bedroom 18, Bathroom 20, Bathroom 72, Bedroom 56, Bathroom 10, Bathroom 27, Bathroom 63, Bedroom 30, Bedroom 7, Bedroom 17, Bedroom 32, Bathroom 60, Bedroom 21, Bathroom 31, Bedroom 43, Bathroom 17, Bathroom 51, Bedroom 50, Bathroom 46, Bedroom 64, Bedroom 60, Bathroom 4, Bedroom 9, Bedroom 46, Bedroom 28, Bedroom 49, Bedroom 24, Bathroom 62, Bedroom 27, Bathroom 1, Bathroom 69, Bathroom 90, Bathroom 7, Bedroom 38, Bedroom 37, Bathroom 74, Bathroom 45, Bedroom 41, Bedroom 2, Bathroom 35
    Bedrooms
    66
    Bathrooms
    93
    APN
    22-05-176-013
    Parking
    75
    Size
    43,985 SF
    Lot size
    1.43 Acres

    Building Details

    Year built
    2025
    Floors in Building
    3
    Number of units
    32
    Architectural style
    Other

    We can help!

    Listing Contact
    John Loveday

    Equity Utah Real Estate (800) 785-9995 [email protected]

    Listing agent John Loveday (801) 917-5597

    Listing date Nov 13, 2025

    MLS# 2075169 Listing URL

    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.

    Learn more

    Property Insight Report

    Overview

    New 32-Unit Millcreek Complex

    This is a new 32-unit complex located in Millcreek. The property features thirty-one high-end townhomes with premium interior finishes, including quartz waterfall countertops, modern cabinetry, and high-efficiency HVAC systems. Ample windows provide an abundance of natural daylight. Each unit includes Google Fiber and a tandem two-car garage. The property has a common area pickleball/sport court and one corner commercial unit. The location is on the east side, close to ski resorts, downtown Salt Lake City, schools, and shopping. The first units are estimated to be finished in July, with full project completion slated for November. Each unit will have its own tax ID, allowing for future flexibility in sales. The property is zoned for multi-family use and has a lot size of 1.43 acres. The property size is 43,985 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Millcreek
    County
    Salt Lake
    State
    Utah
    Longitude
    -111.865807
    Latitude
    40.67688

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    FAQs

    What type of property is this?
    Apartment building - New 32-unit complex in Millcreek, near Salt Lake City.
    Where is this apartment building located?
    The property is located at 4350 S 900 E Millcreek, UT.
    What is the asking price?
    The asking price for this property is $16,890,000.
    What are key features of this property?
    This property features: - Brand new 32-unit townhome complex in Millcreek.; - High-end interior finishes: quartz waterfall countertops, modern cabinetry.; - Every unit includes a tandem 2-car garage.
    (801) 910-1893
    Request Owner's contact information
    4350 S 900 E Millcreek, UT 84124
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    Millcreek, UT 84124
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    4350 S 900 E Millcreek, UT 84124
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    We can help!
    Listing Contact
    John Loveday
    (801) 910-1893
    Learn more
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