Fourplex Near University of
For Sale
$1,299,000
1261 E ALAMEDA Ave S, Salt Lake City, UT 84102
Residential, Salt Lake City, UT
Property Size3,960 SF
Lot Size0.16 Acres
Price / SF$328.03
Days on Market108
Property Features for 1261 E ALAMEDA Ave S
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Zoning
Multi-Family
Zoning description
RMF 35
Bedrooms
10
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 2, Bathroom 3, Bathroom 1, Bedroom 5, Bedroom 7, Bedroom 8, Bedroom 3, Bedroom 10, Bedroom 4, Bedroom 9, Bathroom 2, Bedroom 1, Bathroom 4, Bedroom 6
Parking
8
Parking features
Covered
Window features
Blinds
Patio and Porch features
Patio, Porch
Interior features
Range/Oven: Free Stdng.
Exterior features
Balcony, Double Pane Windows, Lighting, Patio: Covered, Porch: Open
Subdivision
PLAT F
Lot features
Curb & Gutter, Road: Paved, Sidewalks, View: Mountain, View: Valley
View
Valley
Elementary school
Wasatch
Middle school
Bryant
High school
East
Elementary school district
Salt Lake
Middle school district
Salt Lake
High school district
Salt Lake
Standard status
Active
APN
16-05-227-025
Size
3,960 SF
Lot size
0.16 Acres
Taxes and HOA fees
Tax Annual Amount
6257
Utilities
Heating system
Forced Air, Central, Natural Gas
Building Details
Year built
1896
Floors in Building
2
Number of units
4
Flooring type
Carpet, Tile, Vinyl
Building materials
Brick
Roof type
Asphalt
Architectural style
Other
Listing Agency:
Bergstedt Real Estate LLC
Listed By:
David W Bergstedt
(801) 856-3274
Added: Jun 29
Changed: Oct 1
Last Checked: Oct 14 at 3:06PM
MLS# 2168712
Copyright © 2026 UtahRealEstate.com. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 3,960-square-foot fourplex contains 10 bedrooms and 4 bathrooms across four residential units. The unit mix includes two three-bedroom homes and two two-bedroom homes, each with one bathroom. Interior finishes include vinyl, carpet, and tile flooring, while central natural-gas forced-air heating serves the building. Brick construction, double-pane windows, balconies, an open porch, and a covered patio are among the property features. The building dates to 1896 and occupies a 0.16-acre parcel with Multi-Family zoning.
The property is located at 1261 E Alameda Ave S in Salt Lake City, approximately 3/10ths of a mile from President's Circle at the University of Utah. Reservoir Park and several nearby restaurants, retail services, and convenience businesses are within walking distance.
The property is located at 1261 E Alameda Ave S in Salt Lake City, approximately 3/10ths of a mile from President's Circle at the University of Utah. Reservoir Park and several nearby restaurants, retail services, and convenience businesses are within walking distance.
Key Highlights
- Four‑unit configuration with 10 bedrooms and 4 bathrooms
- Unit mix includes two 3‑bedroom units and two 2‑bedroom units
- 3,960 square feet on a 0.16‑acre parcel
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$52,810
Cap Rate
4.07%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,056,200
$1.1M
Cap Rate 7%
$754,429
$754.4K
Cap Rate 9%
$586,778
$586.8K
Market Conditions
NOI Build-Up for 3,960 SF
Gross rent
$79.8K $20.16/SF
− Vacancy
−$4.4K −$1.11/SF
EGI
$75.4K $19.05/SF
− OpEx
−$22.6K −$5.72/SF
NOI
$52.8K $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%
$1,056,200
Cap Rate 7%
$754,429
Cap Rate 9%
$586,778
Alternative Uses
Best Use
Multifamily LT 5
$754.4K
$660.1K – $880.2K
NOI $52,810 @ 7.0% cap · market cap 4.07%
Second Best
Apartment 5plus
$700.8K
$613.2K – $817.6K
NOI $49,058 @ 7.0% cap · market cap 3.78%
Theoretical Best
Office A
$1.07M
$933.5K – $1.24M
NOI $74,682 @ 7.0% cap · market cap 5.75%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
1,760
Businesses Nearby
Explore this area
Business Placement
Demographics for 84102, UT
18,857
Population
11,348
Households
1.7
Avg Household Size
29
Median Age
56%
College-Educated
94%
High-School Grad
1.9 sq mi
ZIP Area
9,925
Density / Sq Mi
$50,040
Median Household Income
$32,432
Median Earnings
$1,305
Median Rent
$487,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Quadplex - Four-unit property with varied layouts, Multi-Family zoning, and covered patio and porch features.
Where is this quadplex located?
The property is located at 1261 E ALAMEDA Ave S Salt Lake City, UT.
What is the asking price?
The asking price for this property is $1,299,000.
What are key features of this property?
This property features: Four‑unit configuration with 10 bedrooms and 4 bathrooms; Unit mix includes two 3‑bedroom units and two 2‑bedroom units; 3,960 square feet on a 0.16‑acre parcel
