Well-Maintained 4-Plex
2517 S LAKE CREST DR Unit 1-4 West Valley City, UT 84119
For Sale
$815,000
Well-maintained 4-plex offering four 2-bedroom, 1-bath units with separate gas and electric meters.
Property Size3,400 SF
Price / SF$239.71
Days on Market29
Property Features for 2517 S LAKE CREST DR Unit 1-4
General Information
- Standard status
- Active
- Size
- 3,400 SF
- Property subtype
- Quadruplex
Building Details
- Year Built
- 1974
Listing Agency:
Visionary Real Estate
(435) 228-4702
Listed By:
Spencer Clawson
(801) 636-8426
Source:
Liftrealty
Added: Jun 29
Changed: Jul 24
Last Checked: Jul 26 at 2:32PM
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 Visionary Real Estate
Investment Insights
Based on property information with market context.
This well-maintained 4-plex includes four units, each with a 2-bedroom, 1-bath layout. The property is supported by separate gas and electric meters for each unit, along with individual water heaters. Off-street parking is available, and the units have functional floor plans designed for long-term occupancy.
Located in West Valley City, the property is described as convenient to shopping, dining, schools, public transportation, and freeway access for resident commuting.
Buyer should verify all information, including square footage, and please do not disturb tenants.
Located in West Valley City, the property is described as convenient to shopping, dining, schools, public transportation, and freeway access for resident commuting.
Buyer should verify all information, including square footage, and please do not disturb tenants.
Key Highlights
- Well‑maintained 4‑plex built in 1974 with four 2‑bedroom, 1‑bath units
- Separate gas and electric meters for each unit
- Individual water heaters for each unit
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 | $55.1k | $16.20 |
| − Vacancy | −$2.5k | −$0.73 |
| EGI | $52.6k | $15.47 |
| − OpEx | −$15.8k | −$4.64 |
| NOI | $36.8k | $10.83 |
3,400 SF · lease $16.20/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$526.0K
$460.3K – $613.7K
NOI $36,821 @ 7.0% cap · market cap 4.52%
Second Best
Apartment 5plus
$474.8K
$415.4K – $553.9K
NOI $33,235 @ 7.0% cap · market cap 4.08%
Theoretical Best
Office A
$973.4K
$851.7K – $1.14M
NOI $68,136 @ 7.0% cap · market cap 8.36%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Quadplexes
FAQs
What type of property is this?
Quadplex - Well-maintained 4-plex offering four 2-bedroom, 1-bath units with separate gas and electric meters.
Where is this quadplex located?
The property is located at 2517 S LAKE CREST DR Unit 1-4 West Valley City, UT.
What is the asking price?
The asking price for this property is $815,000.
What are key features of this property?
This property features: Well‑maintained 4‑plex built in 1974 with four 2‑bedroom, 1‑bath units; Separate gas and electric meters for each unit; Individual water heaters for each unit
