Townhouse-Style
For Sale
$850,000
1235 East Gordon Avenue, Layton, UT 84040
Four two-bedroom units feature private entries, covered parking, storage sheds, and individual laundry hookups.
Property Size3,960 SF
Price / SF$214.65
Days on Market8
Property Features for 1235 East Gordon Avenue
General Information
Standard status
Active
Size
3,960 SF
Total Parking Spaces
4
Property subtype
Residential / Quadruplex
Zoning
Multi-Family
Additional Details
Gross Income
$61,140
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$4,244
Amenities
private storage shed
washer and dryer hookups
No
Gas: Central
Carpet, Laminate, Tile
Yes
8
6
Building Details
Year Built
1971
Tenancy
Multi
Listing Agency:
Rock Canyon Real Estate LLC
(385) 309-7824
Listed By:
Joshua Spackman · License #10763735
(385) 309-7824
Source:
Compass
Added: Jul 28
Changed: Aug 3
Last Checked: Aug 3 at 5:23AM
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 townhouse-style fourplex contains four two-bedroom, 1.5-bath units with no residence directly above or below. Each unit has washer and dryer hookups, central gas heat, evaporative cooling, a covered carport, and a private storage shed. Several residences include laminate flooring and updated tub and shower surrounds. The building was constructed in 1971 and provides 3,960 square feet of property area.
The property is located at 1235 East Gordon Avenue in Layton, with access to Highway 89, shopping, schools, and major employers. The adjacent fourplex may also be purchased, creating a potential eight-unit acquisition. The property is zoned Multi-Family.
The property is located at 1235 East Gordon Avenue in Layton, with access to Highway 89, shopping, schools, and major employers. The adjacent fourplex may also be purchased, creating a potential eight-unit acquisition. The property is zoned Multi-Family.
Key Highlights
- Four 2‑bedroom, 1.5‑bath townhouse‑style units
- 3,960 square feet; constructed in 1971
- Each unit includes a covered carport and private storage shed
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
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 - Four two-bedroom units feature private entries, covered parking, storage sheds, and individual laundry hookups.
Where is this quadplex located?
The property is located at 1235 East Gordon Avenue 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 2‑bedroom, 1.5‑bath townhouse‑style units; 3,960 square feet; constructed in 1971; Each unit includes a covered carport and private storage shed
