Updated
For Sale
$1,000,000
2330 E HERITAGE Way, Salt Lake City, UT 84109
Residential, Salt Lake City, UT
Property Size3,136 SF
Lot Size0.21 Acres
Price / SF$318.88
Days on Market138
Property Features for 2330 E HERITAGE Way
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Zoning
Multi-Family
Zoning description
R2-6.5
Bedrooms
8
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 5, Bedroom 7, Bathroom 4, Bedroom 4, Bathroom 3, Bedroom 6, Bedroom 3, Bedroom 8, Bathroom 1, Bedroom 2, Bathroom 2, Bedroom 1
Parking
7
Parking features
Covered
Window features
Drapes, Blinds
Patio and Porch features
Porch
Interior features
Alarm: Fire, Kitchen: Updated, Range: Gas, Range/Oven: Free Stdng.
Exterior features
Double Pane Windows, Porch: Open
Subdivision
RADIUS CURVE
Lot features
Corner Lot, Curb & Gutter, Fenced: Part, Road: Paved, Sidewalks, Terrain: Grad Slope, View: Mountain
Elementary school
Rosecrest
Middle school
Evergreen
High school
Olympus
Elementary school district
Granite
Middle school district
Granite
High school district
Granite
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
Central, Natural Gas
Building Details
Year built
1949
Floors in Building
2
Number of units
4
Flooring type
Tile, Carpet, 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: Oct 20
Last Checked: Oct 25 at 5:06PM
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.
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Investment Insights
Based on property information with market context.
This four-unit multifamily property contains 3,136 square feet on a 0.21-acre lot and carries Multi-Family zoning. Built in 1949, the building has updated kitchens, fresh paint, new carpet, double-pane windows, open porch space, and covered parking. Interior features include gas ranges, central heating, natural gas service, and a fire alarm system.
Located at 2330 E HERITAGE Way in Salt Lake City, the property sits directly across from Tanner Park with freeway access nearby. Hiking and biking trails, parks, restaurants, shopping, and entertainment are also within minutes. The unit configuration includes seven bedrooms and four bathrooms, with carpet, tile, and laminate flooring throughout.
Located at 2330 E HERITAGE Way in Salt Lake City, the property sits directly across from Tanner Park with freeway access nearby. Hiking and biking trails, parks, restaurants, shopping, and entertainment are also within minutes. The unit configuration includes seven bedrooms and four bathrooms, with carpet, tile, and laminate flooring throughout.
Key Highlights
- Four‑unit multifamily property with 3,136 square feet
- 0.21‑acre lot with Multi‑Family zoning
- Updated kitchens, fresh paint, and new carpet
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
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Quadplex - Four residential units feature refreshed interiors, covered parking, and access to Tanner Park and nearby freeway connections.
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: Four‑unit multifamily property with 3,136 square feet; 0.21‑acre lot with Multi‑Family zoning; Updated kitchens, fresh paint, and new carpet
