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    Salt Lake City Multifamily Investment Title is generated by Realmo AI

    1794 W 400 N, Salt Lake City, UT 84116

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    Claim this Listing
    For Sale
    $900,000

    MULTI_FAMILY - Other - Salt Lake City, UT

    Property size:
    3,584 SF
    Lot size:
    0.20 Acres
    Price / SF:
    $251/SF
    Added:
    Feb 7, 2026
    Days on Market:
    149
    Last Refresh:
    Jul 6 at 9:06 am

    Property Features for 1794 W 400 N

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Zoning
    Multi-Family
    Bedrooms
    8
    Bathrooms
    4
    Rooms
    Bedroom 2, Bedroom 7, Bedroom 6, Bathroom 4, Bathroom 3, Bedroom 4, Bedroom 3, Bedroom 5, Bedroom 8, Bathroom 2, Bedroom 1, Bathroom 1
    Parking features
    Covered
    Window features
    Blinds
    Standard status
    Active
    APN
    08-34-177-019
    Size
    3,584 SF
    Lot size
    0.20 Acres

    Taxes and HOA fees

    Tax Annual Amount
    3652

    Utilities

    Heating system
    Natural Gas, Central

    Building Details

    Year built
    1973
    Number of units
    4
    Flooring type
    Laminate, Carpet, Tile
    Building materials
    Brick
    Roof type
    Membrane
    Architectural style
    Other

    We can help!

    Contact an agent
    Brady Newswander
    Brady Newswander

    Listing agent Brady Newswander License #9368465

    Listing office Equity Real Estate 3296 N 850 W, Ogden, UT

    Listing date Feb 7, 2026

    MLS# 2135892

    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.

    HighLights

    • Cap rate 6.8% (above stated SLC average of 5.6%)
    • 2‑bed/1‑bath units; all units rented on 12‑month leases at $1,500 per month
    • New roof plus new carpet and new paint
    • In‑unit washer/dryer hook‑ups; washers/dryers included for 3 units; fridges included
    • Brick construction with central natural gas heat; membrane roof
    • Off‑street covered parking; about 100 feet from a park and minutes to freeway access and downtown Salt Lake City

    Overview

    This multifamily property, located in Salt Lake City, presents a prime investment opportunity. The property consists of 2-bed/1-bath units, all of which are currently rented on 12-month leases at $1,500 per month. The property features a new roof, new carpet, and new paint. Each unit includes in-unit washer/dryer hook-ups, with washers and dryers included for three units, as well as refrigerators. The property is situated just 100 feet from a park and is within walking distance to shopping, dining, parks, and recreation. Freeway access and downtown Salt Lake City are just minutes away. Off-street parking is available. The property is located in a high-demand area, offering strong rental potential. The lot size is 0.2 acres, and the property size is 3,584 square feet. The cap rate is 6.8%.

    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 $72.3k $20.16
    − Vacancy −$4.0k −$1.11
    EGI $68.3k $19.05
    − OpEx −$20.5k −$5.72
    NOI $47.8k $13.34
    3,584 SF · lease $20.16/SF/yr · vacancy 5.50% · expense 30.00%

    Alternative Uses

    Best Use
    Multifamily LT 5
    $682.8K
    $597.5K – $796.6K (±1% cap)
    NOI $47,796 @ 7.0% cap · market cap 5.31%
    Second Best
    Apartment 5plus
    $634.3K
    $555.0K – $740.0K (±1% cap)
    NOI $44,400 @ 7.0% cap · market cap 4.93%
    Theoretical Best
    Office A
    $965.6K
    $844.9K – $1.13M (±1% cap)
    NOI $67,591 @ 7.0% cap · market cap 7.51%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Quadplexes

    Suggested Use

    Law Firm Real Estate Agency Gym & Fitness Center Skin Care Clinic Accounting Firm (Bike/Boat/Book/etc) Store Discount Store (Bike/Boat/Book/etc) Store Barber Shop Bakery

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

    Location Insight

    • Map
    • Local Demand
    City
    Salt Lake City
    County
    Salt Lake
    State
    Utah
    Longitude
    -111.942221
    Latitude
    40.778377

    FAQs

    What type of property is this?
    Quadplex - Prime investment opportunity near downtown Salt Lake City.
    Where is this quadplex located?
    The property is located at 1794 W 400 N 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 6.8% (above stated SLC average of 5.6%); 2‑bed/1‑bath units; all units rented on 12‑month leases at $1,500 per month; New roof plus new carpet and new paint
    More about this property
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