Updated 4-Plex Investment
2330 E HERITAGE Way Salt Lake City, UT 84109
For Sale
$1,000,000
MULTI_FAMILY - Other - Salt Lake City, UT
Property Size3,136 SF
Lot Size0.21 Acres
Price / SF$318.88
Days on Market47
Property Features for 2330 E HERITAGE Way
General Information
- Property type
- Residential Multi Family
- Property subtype
- Quadruplex
- Zoning
- Multi-Family
- Bedrooms
- 8
- Bathrooms
- 4
- Rooms
- Bedroom 1, Bathroom 1, Bedroom 7, Bedroom 4, Bedroom 3, Bedroom 6, Bedroom 8, Bathroom 4, Bathroom 2, Bedroom 5, Bedroom 2, Bathroom 3
- Parking
- 7
- Parking features
- Covered
- Window features
- Blinds, Drapes
- Patio and Porch features
- Porch
- Interior features
- Alarm: Fire, Kitchen: Updated, Range: Gas, Range/Oven: Free Stdng.
- Exterior features
- Double Pane Windows, Porch: Open
- Standard status
- Active
- APN
- 16-27-201-043
- Size
- 3,136 SF
- Lot size
- 0.21 Acres
Taxes and HOA fees
- Tax Annual Amount
- 6125
Utilities
- Heating system
- Natural Gas, Central
Building Details
- Year built
- 1949
- Floors in Building
- 2
- Number of units
- 4
- Flooring type
- Carpet, Tile, Laminate
- Roof type
- Asphalt
- Architectural style
- Other
Listing Agency:
EXP Realty, LLC
(801) 499-6087
Listed By:
Kimmi Shaw
(801) 349-9995
Added: Jun 10
Changed: Jul 17
Last Checked: Jul 26 at 9:06PM
MLS# 2164420
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.
Investment Insights
Based on property information with market context.
This for-sale 4-plex multifamily property is offered in updated condition. The improvements referenced include updated kitchens, fresh paint, and new carpet, covering much of the interior turnover needs for a new owner. The property totals 3,136 square feet on a 0.21-acre lot and is zoned for multi-family use.
The address is 2330 E Heritage Way in Salt Lake City, UT 84109. The public remarks note that the property sits directly across from Tanner Park and is just seconds from freeway access. The surrounding area is described as providing nearby options for parks, dining, shopping, and entertainment, along with outdoor recreation such as hiking and biking trails.
This asset may fit buyers seeking a small, multi-unit residential income property with notable interior updates already completed. Given the multi-family zoning and the stated kitchen, paint, and flooring updates, it can be a practical option for investors looking to acquire a 4-plex that is positioned for straightforward leasing and ongoing management. Buyer and buyers agent to verify all.
The address is 2330 E Heritage Way in Salt Lake City, UT 84109. The public remarks note that the property sits directly across from Tanner Park and is just seconds from freeway access. The surrounding area is described as providing nearby options for parks, dining, shopping, and entertainment, along with outdoor recreation such as hiking and biking trails.
This asset may fit buyers seeking a small, multi-unit residential income property with notable interior updates already completed. Given the multi-family zoning and the stated kitchen, paint, and flooring updates, it can be a practical option for investors looking to acquire a 4-plex that is positioned for straightforward leasing and ongoing management. Buyer and buyers agent to verify all.
Key Highlights
- Updated 4‑plex with multiple bedrooms and bathrooms
- Updated kitchen(s) with gas range and free‑standing range/oven
- Central heating with natural gas plus fire alarm (Fire)
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 | $63.2k | $20.16 |
| − Vacancy | −$3.5k | −$1.11 |
| EGI | $59.7k | $19.05 |
| − OpEx | −$17.9k | −$5.72 |
| NOI | $41.8k | $13.34 |
3,136 SF · lease $20.16/SF/yr · vacancy 5.50% · expense 30.00%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Quadplexes
FAQs
What type of property is this?
Quadplex - Updated four-unit multifamily property offers income potential with refreshed interior finishes.
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: Updated 4‑plex with multiple bedrooms and bathrooms; Updated kitchen(s) with gas range and free‑standing range/oven; Central heating with natural gas plus fire alarm (Fire)
