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Turnkey Fourplex Investment Property

1470 S EDISON St Salt Lake City, UT 84115

1470 S EDISON St, Salt Lake City, UT, 84115
$930,000
For Sale
Claim this Listing
$930,000

MULTI_FAMILY - Other - Salt Lake City, UT

Property Size2,726 SF
Lot Size0.16 Acres
Price / SF$341.16
AddedMay 1
Days on Market76
Last RefreshJul 15 at 9:06 pm

Property Features for 1470 S EDISON St

General Information

Property type
Residential Multi Family
Property subtype
Other
Zoning
Multi-Family, Commercial
Bedrooms
6
Bathrooms
4
Rooms
Bedroom 1, Bedroom 4, Bathroom 3, Bedroom 3, Bedroom 2, Bathroom 4, Bathroom 1, Bathroom 2, Bedroom 5, Bedroom 6
Parking
7
Parking features
Covered
Window features
Blinds
Patio and Porch features
Deck
Interior features
Kitchen: Updated, Oven: Gas, Range: Gas
Exterior features
Balcony, Basement Entrance, Deck; Covered, Double Pane Windows, Lighting
Standard status
Active
APN
16-18-106-010
Size
2,726 SF
Lot size
0.16 Acres

Taxes and HOA fees

Tax Annual Amount
4479

Utilities

Sewer type
Public Sewer
Heating system
Natural Gas, Forced Air, Central

Building Details

Year built
1923
Floors in Building
2
Number of units
4
Flooring type
Tile, Laminate, Carpet
Building materials
Brick, Cedar
Roof type
Asphalt
Architectural style
Other

Listing agent Jeff Eaves

Listing office KW South Valley Keller Williams 4020 W Daybreak Parkway Suite 210, Riverton, UT

Listing date May 1, 2026

MLS# 2154984 Listing URL

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 turnkey fourplex investment property features updated interiors including kitchens, bathrooms, flooring, and many of the windows. Each unit has separate gas and electric meters, and two units have Google Fiber. The building also includes a 690-square-foot cellar with five 5x8 storage compartments that can be rented to tenants.

The property is located in Salt Lake City near Salt Lake Community College’s South City Campus and Smith’s Ballpark. Access is described as convenient to downtown, Liberty Park, TRAX, area freeways, and the airport.

The lot provides seven off-street parking spaces in a lot behind the building. A 3D tour walks through all four units, and the buyer is advised to verify all information.

Key Highlights

  • Turnkey fourplex in Salt Lake City’s Ballpark neighborhood built in 1923
  • Updated throughout with updated kitchens and bathrooms, updated flooring, and many double‑pane windows
  • Separate gas and electric meters in each unit; two units have Google Fiber

Local 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 $55.0k $20.16
− Vacancy −$3.0k −$1.11
EGI $51.9k $19.05
− OpEx −$15.6k −$5.72
NOI $36.4k $13.34
2,726 SF · lease $20.16/SF/yr · vacancy 5.50% · expense 30.00%

Alternative Uses

Best Use
Multifamily LT 5
$519.3K
$454.4K – $605.9K (±1% cap)
NOI $36,353 @ 7.0% cap · market cap 3.91%
Second Best
Apartment 5plus
$482.4K
$422.1K – $562.9K (±1% cap)
NOI $33,771 @ 7.0% cap · market cap 3.63%
Theoretical Best
Office A
$734.4K
$642.6K – $856.8K (±1% cap)
NOI $51,410 @ 7.0% cap · market cap 5.53%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Quadplexes

Suggested Use

Dental Office Real Estate Agency Law Firm HVAC Service Daycare Center (Bike/Boat/Book/etc) Store Wine and Liquor Store Garden Center Veterinary Clinic Nursing Home

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Quadplex - Updated throughout fourplex with separate gas and electric meters and seven off-street parking spaces.
Where is this quadplex located?
The property is located at 1470 S EDISON St Salt Lake City, UT.
What is the asking price?
The asking price for this property is $930,000.
What are key features of this property?
This property features: Turnkey fourplex in Salt Lake City’s Ballpark neighborhood built in 1923; Updated throughout with updated kitchens and bathrooms, updated flooring, and many double‑pane windows; Separate gas and electric meters in each unit; two units have Google Fiber
Contact an agent
More about this property
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