Four-Unit Mixed-Use
For Sale
$1,200,000
116 B St, Salt Lake City, UT 84103
MultiFamily, Salt Lake City, UT
Property Size3,750 SF
Lot Size0.17 Acres
Price / SF$320
Days on Market180
Property Features for 116 B St
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning description
Residential, Multi-Family, Mixed Zoning, Business
Bedrooms
6
Bathrooms
6
Full bathrooms
6
Rooms
Bathroom 2, Bathroom 5, Bathroom 6, Bedroom 6, Bedroom 3, Bathroom 3, Bedroom 1, Bathroom 4, Bedroom 4, Bedroom 5, Bedroom 2, Bathroom 1
Subdivision
Outside Area
Standard status
Active
APN
09-31-451-005
Size
3,750 SF
Lot size
0.17 Acres
Taxes and HOA fees
Tax Annual Amount
5590
Utilities
Heating system
Electric (Heating)
Cooling system
Central Air
Building Details
Year built
1891
Floors in Building
2
Number of units
4
Roof type
Asphalt
Listing Agency:
EXP REALTY LLC (So Utah)
(801) 499-6087
Listed By:
Tobin Prince
(801) 300-1087
Added: Apr 10
Changed: Oct 2
Last Checked: Oct 6 at 4:06AM
MLS# 26-271212
Copyright © 2026 Washington County Board of Realtors. 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 property at 116 B St includes 3,750 square feet on a 0.17-acre lot. The building dates to 1891 and has central air, electric heating, and an asphalt roof. Property records identify six bedrooms and six bathrooms. Updates have been completed over time, and off-street parking is provided.
The property is zoned Retail/Residential (Mixed-Use), adding flexibility to its existing multifamily configuration. It is located in Salt Lake City near downtown, LDS Hospital, the University of Utah, and public transit. All four units are currently occupied, with showings available by appointment and proper notice.
The property is zoned Retail/Residential (Mixed-Use), adding flexibility to its existing multifamily configuration. It is located in Salt Lake City near downtown, LDS Hospital, the University of Utah, and public transit. All four units are currently occupied, with showings available by appointment and proper notice.
Key Highlights
- Four‑unit property with all units currently occupied
- 3,750 square feet on a 0.17‑acre lot
- Retail/Residential (Mixed‑Use) zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$50,009
Cap Rate
4.17%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,000,180
$1.0M
Cap Rate 7%
$714,414
$714.4K
Cap Rate 9%
$555,656
$555.7K
Market Conditions
NOI Build-Up for 3,750 SF
Gross rent
$75.6K $20.16/SF
− Vacancy
−$4.2K −$1.11/SF
EGI
$71.4K $19.05/SF
− OpEx
−$21.4K −$5.72/SF
NOI
$50.0K $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%
$1,000,180
Cap Rate 7%
$714,414
Cap Rate 9%
$555,656
Alternative Uses
Best Use
Multifamily LT 5
$714.4K
$625.1K – $833.5K
NOI $50,009 @ 7.0% cap · market cap 4.17%
Second Best
Apartment 5plus
$663.7K
$580.7K – $774.3K
NOI $46,457 @ 7.0% cap · market cap 3.87%
Theoretical Best
Office A
$1.01M
$884.0K – $1.18M
NOI $70,721 @ 7.0% cap · market cap 5.89%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
4
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
5,365
Businesses Nearby
Explore this area
Business Placement
Demographics for 84103, UT
22,788
Population
13,528
Households
1.7
Avg Household Size
36
Median Age
66%
College-Educated
98%
High-School Grad
20.5 sq mi
ZIP Area
1,112
Density / Sq Mi
$81,386
Median Household Income
$54,787
Median Earnings
$1,374
Median Rent
$710,700
Median Home Value
Check the figures for this property
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 - Occupied units, off-street parking, and central access support an established multifamily operation.
Where is this quadplex located?
The property is located at 116 B St Salt Lake City, 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‑unit property with all units currently occupied; 3,750 square feet on a 0.17‑acre lot; Retail/Residential (Mixed‑Use) zoning
