Rented Quadplex With Off-Street
For Sale
$900,000
1794 400, Salt Lake City, UT 84116
All units are rented and each includes washer/dryer hook-ups, with off-street parking on-site.
Property Size3,584 SF
Price / SF$251.12
Days on Market223
Property Features for 1794 400
General Information
Standard status
Active
Size
3,584 SF
Property subtype
Fourplex
Taxes and HOA fees
Annual Taxes
$3,652
Amenities
3
Tile, Laminate, Carpet
Window Blinds
Membrane
Partial
Parking. Fenced Yard.
Uncovered.
Brick
0.0x0.0x0.0
Curb & Gutter, Sidewalks. Paved Road, Curbs & gutters.
Building Details
Year Built
1973
Listing Agency:
(800) 785-9995
Listed By:
Equity Real Estate
(435) 994-8553
Source:
Xome
Added: Jan 29
Changed: Sep 2
Last Checked: Sep 9 at 7:10AM
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 Equity Real Estate
Investment Insights
Based on property information with market context.
This for-sale quadplex features four 2-bedroom, 1-bath units. The property has recent improvements including a new roof, new carpet, and new paint. Unit features include in-unit washer/dryer hook-ups, with washers/dryers for 3 units, and fridges included. Off-street parking is available.
The property is located at 1794 400, Salt Lake City, UT 84116, approximately 100 feet from a park. It is described as within walking distance to shopping, dining, parks, and recreation, with minutes to freeway access and downtown Salt Lake City.
According to the seller’s remarks, all units are currently rented on 12-month leases at $1,500 per month. There is no sign on the property, and no showings are allowed without an accepted offer; tenants should not be disturbed. Buyers should conduct their own due diligence, as information is deemed reliable but not guaranteed.
The property is located at 1794 400, Salt Lake City, UT 84116, approximately 100 feet from a park. It is described as within walking distance to shopping, dining, parks, and recreation, with minutes to freeway access and downtown Salt Lake City.
According to the seller’s remarks, all units are currently rented on 12-month leases at $1,500 per month. There is no sign on the property, and no showings are allowed without an accepted offer; tenants should not be disturbed. Buyers should conduct their own due diligence, as information is deemed reliable but not guaranteed.
Key Highlights
- Cap rate of 6.8% (vs. average 5.6% for SLC, per listing remarks)
- 2‑bed/1‑bath units; all units rented with 12‑month leases at $1,500 per month (per remarks)
- New roof reported; also new carpet and new paint (per listing remarks)
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
$47,796
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
5.31%
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%
$955,920
$955.9K
Cap Rate 7%
$682,800
$682.8K
Cap Rate 9%
$531,067
$531.1K
Market Conditions
NOI Build-Up for 3,584 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
$72.3K $20.16/SF
− Vacancy
−$4.0K −$1.11/SF
EGI
$68.3K $19.05/SF
− OpEx
−$20.5K −$5.72/SF
NOI
$47.8K $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 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%
$955,920
Cap Rate 7%
$682,800
Cap Rate 9%
$531,067
Alternative Uses
Best Use
Multifamily LT 5
$682.8K
$597.5K – $796.6K
NOI $47,796 @ 7.0% cap · market cap 5.31%
Second Best
Apartment 5plus
$634.3K
$555.0K – $740.0K
NOI $44,400 @ 7.0% cap · market cap 4.93%
Theoretical Best
Office A
$965.6K
$844.9K – $1.13M
NOI $67,591 @ 7.0% cap · market cap 7.51%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
587
Businesses Nearby
Explore this area
Business Placement
Demographics for 84116, UT
35,327
Population
14,487
Households
2.4
Avg Household Size
31
Median Age
24%
College-Educated
82%
High-School Grad
50.3 sq mi
ZIP Area
702
Density / Sq Mi
$69,604
Median Household Income
$38,492
Median Earnings
$1,280
Median Rent
$334,900
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
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Frequently Asked Questions
What type of property is this?
Quadplex - All units are rented and each includes washer/dryer hook-ups, with off-street parking on-site.
Where is this quadplex located?
The property is located at 1794 400 Salt Lake City, UT.
What is the asking price?
The asking price for this property is $900,000.
What are key features of this property?
This property features: Cap rate of 6.8% (vs. average 5.6% for SLC, per listing remarks); 2‑bed/1‑bath units; all units rented with 12‑month leases at $1,500 per month (per remarks); New roof reported; also new carpet and new paint (per listing remarks)
