Townhouse-Style
For Sale
$850,000
1215 E GORDON AVE, Layton, UT 84040
Townhouse-style design provides added privacy, with covered carports and private storage sheds serving each unit.
Property Size2 SF
Price / SF$214.65
Days on Market8
Property Features for 1215 E GORDON AVE
General Information
Standard status
Active
Size
2 SF
Total Parking Spaces
4
Property subtype
Quadruplex
Site & Location
Highway Access
Yes
Utilities to Site
Yes
Additional Details
Gross Income
$64,140
Building Details
Building Size
2 SF
Year Built
1971
Buildings
1
Tenancy
Multi
Listing Agency:
Rock Canyon Real Estate LLC
(385) 309-7824
Listed By:
Joshua Spackman
(385) 309-7824
Source:
Liftrealty
Added: Jul 28
Changed: Aug 3
Last Checked: Aug 4 at 5:34AM
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 Rock Canyon Real Estate LLC
Investment Insights
Based on property information with market context.
This 1971 townhouse-style fourplex contains 3960 square feet across four units. Each residence offers two bedrooms, 1.5 bathrooms, washer and dryer hookups, central heating, and evaporative cooling. The layout places no units above or below one another, while every unit includes a covered carport and private storage shed. Several residences feature laminate flooring and updated tub and shower surrounds.
Tenants pay their own gas and electricity, with the owner responsible for water, sewer, and trash. The property is located in Layton with access to Highway 89, shopping, schools, and major employers. An adjacent fourplex is also available for purchase, providing an option to assemble an eight-unit portfolio.
Tenants pay their own gas and electricity, with the owner responsible for water, sewer, and trash. The property is located in Layton with access to Highway 89, shopping, schools, and major employers. An adjacent fourplex is also available for purchase, providing an option to assemble an eight-unit portfolio.
Key Highlights
- Four‑unit townhouse‑style property at 1215 E GORDON AVE, Layton, UT 84040
- 3960 square feet across four residential units
- Each unit includes 2 bedrooms and 1.5 bathrooms
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 | $76.7k | $19.38 |
| − Vacancy | −$7.3k | −$1.84 |
| EGI | $69.5k | $17.54 |
| − OpEx | −$20.8k | −$5.26 |
| NOI | $48.6k | $12.28 |
3,960 SF · lease $19.38/SF/yr · vacancy 9.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$694.5K
$607.7K – $810.3K
NOI $48,618 @ 7.0% cap · market cap 5.72%
Second Best
Apartment 5plus
$643.5K
$563.1K – $750.8K
NOI $45,045 @ 7.0% cap · market cap 5.30%
Theoretical Best
Office A
$914.6K
$800.3K – $1.07M
NOI $64,022 @ 7.0% cap · market cap 7.53%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
69
Businesses Nearby
Explore this area
Business Placement
Demographics for 84040, UT
26,687
Population
9,454
Households
2.8
Avg Household Size
35
Median Age
46%
College-Educated
97%
High-School Grad
24.2 sq mi
ZIP Area
1,103
Density / Sq Mi
$123,297
Median Household Income
$55,607
Median Earnings
$1,796
Median Rent
$486,300
Median Home Value
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 - Townhouse-style design provides added privacy, with covered carports and private storage sheds serving each unit.
Where is this quadplex located?
The property is located at 1215 E GORDON AVE Layton, UT.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: Four‑unit townhouse‑style property at 1215 E GORDON AVE, Layton, UT 84040; 3960 square feet across four residential units; Each unit includes 2 bedrooms and 1.5 bathrooms
