Quadplex With Remodeled
New
For Sale
$695,000
16 N 100 W St, Tooele, UT 84074
Residential, Tooele, UT
Property Size2,574 SF
Lot Size0.13 Acres
Price / SF$270.01
Days on Market3
Property Features for 16 N 100 W St
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Zoning
Multi-Family
Bedrooms
4
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 2, Bedroom 3, Bathroom 3, Bathroom 4, Bedroom 4, Bathroom 1, Bathroom 2, Bedroom 1
Parking
4
Window features
Blinds
Patio and Porch features
Patio, Porch
Interior features
Disposal, Kitchen: Updated, Range/Oven: Built-In, Dishwasher: Built-In
Exterior features
Balcony, Patio: Covered, Porch: Open
Lot features
Sidewalks, View: Mountain
Elementary school
Northlake
Middle school
Tooele
High school
Tooele
Elementary school district
Tooele
Middle school district
Tooele
High school district
Tooele
Subdivision
Grantsville; Tooele; Erda; StanP
Standard status
Active
APN
02-030-0-0037
Size
2,574 SF
Lot size
0.13 Acres
Taxes and HOA fees
Tax Annual Amount
3234
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating)
Building Details
Year built
1927
Floors in Building
2
Number of units
4
Flooring type
Carpet, Laminate
Building materials
Brick
Roof type
Membrane
Architectural style
Other
Listing Agency:
Realtypath LLC (Platinum)
(801) 386-5908
Listed By:
Mark Dunn
(435) 849-5914
Added: Sep 22
Changed: Sep 23
Last Checked: Sep 24 at 4:06AM
MLS# 2186891
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Investment Insights
Based on property information with market context.
This 2,574-square-foot quadplex contains four individual one-bedroom, one-bathroom residences on a 0.13-acre lot. Two units have been remodeled with laminate flooring, new baseboards and casing, fresh paint, interior doors, white shaker cabinetry, quartz countertops, stainless steel appliances, updated tile, new vanities, and replacement toilets. The remaining units are described as older but in good condition. Interior features include built-in ranges and dishwashers, while the property also offers balconies, a covered patio, and an open porch.
Constructed in 1927, the brick building has a membrane roof installed two years ago and fresh exterior paint. Electric heating, public sewer, and multifamily zoning are in place. The property is located near shopping, dining, services, transportation, and other everyday amenities in Tooele, Utah.
Constructed in 1927, the brick building has a membrane roof installed two years ago and fresh exterior paint. Electric heating, public sewer, and multifamily zoning are in place. The property is located near shopping, dining, services, transportation, and other everyday amenities in Tooele, Utah.
Key Highlights
- Four 1‑bedroom, 1‑bathroom units
- 2,574 square feet on 0.13 acres
- Two remodeled units with quartz counters and stainless steel appliances
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$27,876
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.01%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$557,520
$557.5K
Cap Rate 7%
$398,229
$398.2K
Cap Rate 9%
$309,733
$309.7K
Market Conditions
NOI Build-Up for 2,574 SF
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.
Gross rent
$41.7K $16.20/SF
− Vacancy
−$1.9K −$0.73/SF
EGI
$39.8K $15.47/SF
− OpEx
−$11.9K −$4.64/SF
NOI
$27.9K $10.83/SF
Area
Tooele County, UT
Vacancy
4.50%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$557,520
Cap Rate 7%
$398,229
Cap Rate 9%
$309,733
Alternative Uses
Best Use
Multifamily LT 5
$398.2K
$348.5K – $464.6K
NOI $27,876 @ 7.0% cap · market cap 4.01%
Second Best
Apartment 5plus
$359.4K
$314.5K – $419.3K
NOI $25,160 @ 7.0% cap · market cap 3.62%
Theoretical Best
Office A
$693.5K
$606.8K – $809.1K
NOI $48,543 @ 7.0% cap · market cap 6.98%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
841
Businesses Nearby
Explore this area
Business Placement
Demographics for 84074, UT
55,001
Population
18,128
Households
3
Avg Household Size
31
Median Age
24%
College-Educated
93%
High-School Grad
174.3 sq mi
ZIP Area
316
Density / Sq Mi
$102,313
Median Household Income
$47,385
Median Earnings
$1,197
Median Rent
$383,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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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 one-bedroom residences include updated interiors, refreshed common property elements, and multifamily zoning in Tooele.
Where is this quadplex located?
The property is located at 16 N 100 W St Tooele, UT.
What is the asking price?
The asking price for this property is $695,000.
What are key features of this property?
This property features: Four 1‑bedroom, 1‑bathroom units; 2,574 square feet on 0.13 acres; Two remodeled units with quartz counters and stainless steel appliances
