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4-Unit Multifamily Property

16 N 100 W St, Tooele, UT 84074

For Sale
$635,000

Residential, Tooele, UT

Property Size2,574 SF
Lot Size0.13 Acres
Price / SF$246.70
Days on Market49

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 4, Bedroom 3, Bathroom 2, Bedroom 2, Bathroom 1, Bedroom 1, Bathroom 3, Bathroom 4
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

Additional Details

Tenant in Place Yes

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)
Listed By: Mark Dunn
Added: Sep 22 Changed: Nov 6 Last Checked: Nov 9 at 5:06AM
MLS# 2186891

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Investment Insights

Based on property information with market context.

Built in 1927, this four-unit multifamily property contains four one-bedroom, one-bathroom apartments within 2,574 square feet. Three units have been renovated with new flooring, trim, paint, and interior doors. Their kitchens include white shaker cabinetry, quartz counters, and stainless steel appliances; bathrooms have updated tile, vanities, and toilets. The remaining apartment has not been remodeled. The building has a membrane roof, brick construction, electric heat, and public sewer. A covered patio, open porch, and balcony provide additional exterior features.

The property occupies a 0.13-acre parcel and is zoned Multi-Family. Recent exterior work includes a new roof installed two years ago and fresh paint.

Key Highlights

  • Four 1‑bedroom, 1‑bathroom units
  • 2,574‑square‑foot building on 0.13 acres
  • Three apartments renovated; one remains unremodeled

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr
$31,888
Cap Rate
5.02%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$637,760 $637.8K
Cap Rate 7%
$455,543 $455.5K
Cap Rate 9%
$354,311 $354.3K
Market Conditions
NOI Build-Up for 2,574 SF
Gross rent
$61.2K $23.76/SF
− Vacancy
−$3.2K −$1.24/SF
EGI
$58.0K $22.52/SF
− OpEx
−$26.1K −$10.14/SF
NOI
$31.9K $12.39/SF
Area
Tooele County, UT
Vacancy
5.20%
Lease Rate
$23.76 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$637,760
Cap Rate 7%
$455,543
Cap Rate 9%
$354,311

Alternative Uses

Best Use
Apartment 5plus
$455.5K
$398.6K – $531.5K (±1% cap)
NOI $31,888 @ 7.0% cap · market cap 5.02%
Second Best
Multifamily LT 5
$398.2K
$348.5K – $464.6K (±1% cap)
NOI $27,876 @ 7.0% cap · market cap 4.39%
Theoretical Best
Office A
$693.5K
$606.8K – $809.1K (±1% cap)
NOI $48,543 @ 7.0% cap · market cap 7.64%
Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Lease Details

4
Residential units

Location Intelligence

Trade Area within ½ mile

841
Businesses Nearby

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
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025

Frequently Asked Questions

What type of property is this?
Quadplex - Three apartments feature refreshed interiors, and the fourth retains its older finishes.
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 $635,000.
What are key features of this property?
This property features: Four 1‑bedroom, 1‑bathroom units; 2,574‑square‑foot building on 0.13 acres; Three apartments renovated; one remains unremodeled
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