Townhouse-Style
New
For Sale
$850,000
1215 E GORDON Ave, Layton, UT 84040
MULTI_FAMILY - Other - Layton, UT
Property Size3,960 SF
Lot Size0.23 Acres
Price / SF$214.65
Days on Market5
Property Features for 1215 E GORDON Ave
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Zoning
Multi-Family
Bedrooms
8
Bathrooms
6
Full bathrooms
6
Rooms
Bathroom 6, Bathroom 1, Bedroom 7, Bedroom 1, Bedroom 6, Bedroom 2, Bedroom 8, Bathroom 2, Bedroom 3, Bathroom 3, Bathroom 5, Bathroom 4, Bedroom 4, Bedroom 5
Parking
4
Parking features
Covered
Elementary school
King
Middle school
Central Davis
High school
Layton
Elementary school district
Davis
Middle school district
Davis
High school district
Davis
Subdivision
Kaysville; Fruit Heights; Layton
Standard status
Active
APN
10-003-0002
Size
3,960 SF
Lot size
0.23 Acres
Taxes and HOA fees
Tax Annual Amount
4265
Utilities
Heating system
Central, Natural Gas
Amenities
washer/dryer hookups
central heating
evaporative (swamp) cooling
covered carport
private storage shed
laminate flooring
new tub/shower surrounds
Building Details
Year built
1971
Floors in Building
2
Number of units
4
Flooring type
Tile, Carpet, Laminate
Architectural style
Other
Listing Agency:
Rock Canyon Real Estate LLC
(801) 318-4483
Listed By:
Joshua Spackman
(385) 309-7824
Added: Jul 28
Changed: Jul 31
Last Checked: Aug 1 at 3:06AM
MLS# 2175574
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Investment Insights
Based on property information with market context.
Townhouse-style fourplex built in 1971 on a 0.23-acre lot, totaling 3,960 square feet. The property is configured so there are no units above or below, providing added privacy. Each unit offers two bedrooms and 1.5 bathrooms, along with washer and dryer hookups, central heating, and evaporative (swamp) cooling.
Units include a covered carport and a private storage shed. The flooring mix includes tile, carpet, and laminate, and several units have been updated with laminate flooring and new tub/shower surrounds. Heating is provided via central natural gas.
Tenants pay their own gas and electricity, while the owner pays water, sewer, and trash. The property is located in East Layton with easy access to Highway 89, along with shopping, schools, and major employers.
Units include a covered carport and a private storage shed. The flooring mix includes tile, carpet, and laminate, and several units have been updated with laminate flooring and new tub/shower surrounds. Heating is provided via central natural gas.
Tenants pay their own gas and electricity, while the owner pays water, sewer, and trash. The property is located in East Layton with easy access to Highway 89, along with shopping, schools, and major employers.
Key Highlights
- Townhouse‑style fourplex built in 1971 with no units above or below
- 0.23‑acre lot with 3,960 square feet total
- Each unit has two bedrooms, 1.5 bathrooms, washer and dryer hookups
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
Property Profile
Current Use
Lease Details
4
Residential units
Yes
Highway access
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 fourplex with covered carports and private storage sheds, each unit with 2 bedrooms and 1.5 bathrooms.
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: Townhouse‑style fourplex built in 1971 with no units above or below; 0.23‑acre lot with 3,960 square feet total; Each unit has two bedrooms, 1.5 bathrooms, washer and dryer hookups
