Updated 4-Unit Multifamily
For Sale
$1,000,000
2330 E HERITAGE WAY, Salt Lake City, UT 84109
Updated kitchens, fresh paint, and new carpet support a clean, functional residential income property.
Property Size3,136 SF
Days on Market139
Property Features for 2330 E HERITAGE WAY
General Information
Standard status
Active
Size
3,136 SF
Property subtype
Quadruplex
Site & Location
Neighborhood
West Grand View
Highway Access
Yes
Additional Details
Multifamily Units
4
Taxes and HOA fees
Annual Taxes
$6,125
Building Details
Building Size
3,136 SF
Year Built
1949
Listing Agency:
EXP Realty, LLC
Listed By:
Kimmi Shaw · License #6501849
(801) 349-9995
Source:
Acresutah
Added: Jun 10
Changed: Oct 25
Last Checked: Oct 24 at 11:45PM
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 EXP Realty, LLC
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Investment Insights
Based on property information with market context.
This 4-unit multifamily property contains 3,136 SF and was built in 1949. Recent improvements include updated kitchens, fresh paint, and new carpet, along with laminate and tile flooring, gas ranges, central gas heating, double-pane windows, and an open porch. The property is zoned Multi-Family and includes fire alarms, blinds, drapes, and an electric dryer hookup.
Located at 2330 Heritage Way in Salt Lake City, the property sits directly across from Tanner Park and seconds from freeway access. Hiking and biking trails, additional parks, restaurants, shopping, and entertainment are all within minutes. The exterior includes asphalt and pitched roofing, with an additional open porch feature.
Located at 2330 Heritage Way in Salt Lake City, the property sits directly across from Tanner Park and seconds from freeway access. Hiking and biking trails, additional parks, restaurants, shopping, and entertainment are all within minutes. The exterior includes asphalt and pitched roofing, with an additional open porch feature.
Key Highlights
- 4‑unit multifamily property with 3,136 SF
- Updated kitchens, fresh paint, and new carpet
- Multi‑Family zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$41,821
Cap Rate
4.18%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$836,420
$836.4K
Cap Rate 7%
$597,443
$597.4K
Cap Rate 9%
$464,678
$464.7K
Market Conditions
NOI Build-Up for 3,136 SF
Gross rent
$63.2K $20.16/SF
− Vacancy
−$3.5K −$1.11/SF
EGI
$59.7K $19.05/SF
− OpEx
−$17.9K −$5.72/SF
NOI
$41.8K $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 Rate 5%
$836,420
Cap Rate 7%
$597,443
Cap Rate 9%
$464,678
Alternative Uses
Best Use
Multifamily LT 5
$597.4K
$522.8K – $697.0K
NOI $41,821 @ 7.0% cap · market cap 4.18%
Second Best
Apartment 5plus
$555.0K
$485.6K – $647.5K
NOI $38,850 @ 7.0% cap · market cap 3.89%
Theoretical Best
Office A
$844.9K
$739.3K – $985.7K
NOI $59,142 @ 7.0% cap · market cap 5.91%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
4
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
234
Businesses Nearby
Explore this area
Business Placement
Demographics for 84109, UT
24,768
Population
9,829
Households
2.5
Avg Household Size
37
Median Age
69%
College-Educated
99%
High-School Grad
57.0 sq mi
ZIP Area
435
Density / Sq Mi
$136,823
Median Household Income
$63,758
Median Earnings
$1,584
Median Rent
$679,000
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
Frequently Asked Questions
What type of property is this?
Quadplex - Updated kitchens, fresh paint, and new carpet support a clean, functional residential income property.
Where is this quadplex located?
The property is located at 2330 E HERITAGE WAY Salt Lake City, UT.
What is the asking price?
The asking price for this property is $1,000,000.
What are key features of this property?
This property features: 4‑unit multifamily property with 3,136 SF; Updated kitchens, fresh paint, and new carpet; Multi‑Family zoning
