Four-Unit Residential
For Sale
$1,075,000
116 N B ST, Salt Lake City, UT 84103
The occupied property has off-street parking and a Retail/Residential (Mixed-Use) zoning designation.
Property Size3,750 SF
Price / SF$286.67
Days on Market295
Property Features for 116 N B ST
General Information
Standard status
Active
Size
3,750 SF
Property subtype
Quadruplex
Zoning
Retail/Residential (Mixed-Use)
Occupancy
100%
Site & Location
Neighborhood
Capitol Hill
Public Transit
Yes
Additional Details
Multifamily Units
4
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$5,590
Amenities
off-street parking
Building Details
Building Size
3,750 SF
Year Built
1891
Listing Agency:
EXP Realty, LLC
Listed By:
Tobin Prince
(801) 618-3030
Source:
Doxeygroup
Added: Jan 13
Changed: Oct 27
Last Checked: Nov 3 at 6:47AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of EXP Realty, LLC
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Investment Insights
Based on property information with market context.
This 3,750-square-foot residential property contains four units, all currently occupied, with off-street parking. Built in 1891, the building has received updates over the years. Its zoning designation is Retail/Residential (Mixed-Use).
The property is at 116 N B ST in Salt Lake City, near downtown, LDS Hospital, the University of Utah, and public transit. Tenant access requires an appointment with proper notice.
The property is at 116 N B ST in Salt Lake City, near downtown, LDS Hospital, the University of Utah, and public transit. Tenant access requires an appointment with proper notice.
Key Highlights
- Four‑unit property with all units currently occupied
- 3,750 square feet
- Retail/Residential (Mixed‑Use) zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$50,009
Cap Rate
4.65%
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 4.65%
Second Best
Apartment 5plus
$663.7K
$580.7K – $774.3K
NOI $46,457 @ 7.0% cap · market cap 4.32%
Theoretical Best
Office A
$1.01M
$884.0K – $1.18M
NOI $70,721 @ 7.0% cap · market cap 6.58%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Quadplex - The occupied property has off-street parking and a Retail/Residential (Mixed-Use) zoning designation.
Where is this quadplex located?
The property is located at 116 N B ST Salt Lake City, UT.
What is the asking price?
The asking price for this property is $1,075,000.
What are key features of this property?
This property features: Four‑unit property with all units currently occupied; 3,750 square feet; Retail/Residential (Mixed‑Use) zoning
