Townhouse-Style 4-Unit
New
For Sale
$850,000
1235 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 1235 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
10-003-0001
Size
3,960 SF
Lot size
0.23 Acres
Taxes and HOA fees
Tax Annual Amount
4244
Utilities
Heating system
Central, Natural Gas
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# 2175570
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Investment Insights
Based on property information with market context.
Townhouse-style fourplex offering 4 separate units with no units above or below. Each unit features 2 bedrooms and 1.5 bathrooms, with washer and dryer hookups, central heating with natural gas, and evaporative (swamp) cooling. All units include a covered carport and a private storage shed. Several units have been updated with laminate flooring and new tub/shower surrounds.
The property is situated on a 0.23-acre lot and the structure was built in 1971. With a reported 3,960 square feet (county-record estimate), this Multi-Family-zoned investment provides an owner-pay/tenant-pay setup where tenants handle their own gas and electricity, and the owner pays for water, sewer, and trash. Easy access to Highway 89 supports everyday convenience to shopping, schools, and major employers.
An option exists to purchase the adjacent fourplex for a combined total of 8 units, expanding the portfolio in one location.
The property is situated on a 0.23-acre lot and the structure was built in 1971. With a reported 3,960 square feet (county-record estimate), this Multi-Family-zoned investment provides an owner-pay/tenant-pay setup where tenants handle their own gas and electricity, and the owner pays for water, sewer, and trash. Easy access to Highway 89 supports everyday convenience to shopping, schools, and major employers.
An option exists to purchase the adjacent fourplex for a combined total of 8 units, expanding the portfolio in one location.
Key Highlights
- Townhouse‑style 4‑unit layout with no units above or below
- Each unit has 2 bedrooms and 1.5 bathrooms plus washer and dryer hookups
- Covered carport parking and a private storage shed for every unit
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
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 4-unit fourplex with covered carports, central natural gas heat, and evaporative cooling.
Where is this quadplex located?
The property is located at 1235 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 4‑unit layout with no units above or below; Each unit has 2 bedrooms and 1.5 bathrooms plus washer and dryer hookups; Covered carport parking and a private storage shed for every unit
