Multi-Family Home with Mother-in-Law
464 E 10TH Ave N Salt Lake City, UT 84103
464 E 10TH Ave N, Salt Lake City, UT, 84103
$650,000
For Sale
$650,000
MULTI_FAMILY - Other - Salt Lake City, UT
Property Size1,456 SF
Lot Size0.11 Acres
Price / SF$446.43
Days on Market21
Property Features for 464 E 10TH Ave N
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Zoning
- Multi-Family
- Bedrooms
- 3
- Bathrooms
- 2
- Rooms
- Bedroom 1, Bedroom 2, Basement, Bedroom 3, Bathroom 1, Bathroom 2
- Parking
- 5
- Parking features
- Covered
- Window features
- Blinds
- Patio and Porch features
- Patio
- Interior features
- Basement Apartment, Disposal, Kitchen: Second, Mother-in-Law Apt., Oven: Gas, Range/Oven: Free Stdng., Dishwasher: Built-In
- Exterior features
- Basement Entrance, Walkout, Patio: Open
- Standard status
- Active
- APN
- 09-31-277-003
- Size
- 1,456 SF
- Lot size
- 0.11 Acres
Taxes and HOA fees
- Tax Annual Amount
- 2969
Utilities
- Sewer type
- Public Sewer
- Heating system
- Central, Natural Gas, Forced Air
Building Details
- Year built
- 1940
- Number of units
- 2
- Flooring type
- Carpet, Tile
- Building materials
- Cedar
- Roof type
- Asphalt
- Architectural style
- Other
- Additional Structures
- Other
Listing Agency
REDFIN CORPORATION
(801) 613-7062
7090 Union Park Ave Suite 210, Midvale, UT
Listed by
Dean Cotter
(801) 913-4696
Added: Jun 28 Checked: Jul 18 at 3:06 pm
MLS# 2172458
Listing URL
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Investment Insights
Based on property information with market context.
This 1940 bungalow is presented as a legally built multi-family property, retaining original charm and featuring a mother-in-law apartment. The layout supports flexible occupancy, with an upstairs living option and a separate downstairs unit for rental income potential.
Located at 464 E 10TH Ave N in Salt Lake City, the property is described as minutes from downtown and Memory Grove and within walking distance to LDS Hospital, the Avenues branch of the city library, and Smith’s Grocery.
The offering is listed with a total building size of 1,456 square feet and a lot size of 0.11 acres. Multi-family zoning is noted for the site.
Located at 464 E 10TH Ave N in Salt Lake City, the property is described as minutes from downtown and Memory Grove and within walking distance to LDS Hospital, the Avenues branch of the city library, and Smith’s Grocery.
The offering is listed with a total building size of 1,456 square feet and a lot size of 0.11 acres. Multi-family zoning is noted for the site.
Key Highlights
- 1940 classic bungalow legally built with a mother‑in‑law apartment plus basement apartment
- Basement features a basement entrance and walkout access
- Open patio and patio area included
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $29.4k | $20.16 |
| − Vacancy | −$1.6k | −$1.11 |
| EGI | $27.7k | $19.05 |
| − OpEx | −$8.3k | −$5.72 |
| NOI | $19.4k | $13.34 |
1,456 SF · lease $20.16/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$277.4K
$242.7K – $323.6K
NOI $19,417 @ 7.0% cap · market cap 2.99%
Second Best
Apartment 5plus
$257.7K
$225.5K – $300.6K
NOI $18,038 @ 7.0% cap · market cap 2.78%
Theoretical Best
Office A
$392.3K
$343.2K – $457.7K
NOI $27,459 @ 7.0% cap · market cap 4.22%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - 1940 bungalow legally built with a mother-in-law apartment and multifamily zoning.
Where is this duplex located?
The property is located at 464 E 10TH Ave N Salt Lake City, UT.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: 1940 classic bungalow legally built with a mother‑in‑law apartment plus basement apartment; Basement features a basement entrance and walkout access; Open patio and patio area included
