4-Unit Quadplex with Private
For Sale
$785,000
259 S Montgomery St, Salt Lake City, UT 84104
Each residence has in-unit laundry and central air conditioning, with dedicated parking and private storage on site.
Property Size3,448 SF
Price / SF$227.67
Days on Market69
Property Features for 259 S Montgomery St
General Information
Standard status
Active
Size
3,448 SF
Total Parking Spaces
8
Property subtype
Multi Family Home
Zoning
RMF-45
Site & Location
Neighborhood
Poplar Grove
Additional Details
Multifamily Units
4
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$4,621
Amenities
in-unit washer and dryer
central A/C
Google Fiber internet
irrigation system
newly paved parking lot
private dumpster
private storage units
Building Details
Building Size
3,448 SF
Year Built
1981
Stories
2
Units
4
Listing Agency:
Etzel Realty, LLC
Listed By:
Frankie Sacco · License #5476963
(435) 637-6777
Source:
Etzelonline
Added: Aug 18
Changed: Oct 25
Last Checked: Oct 25 at 1:59PM
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 Etzel Realty, LLC
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Investment Insights
Based on property information with market context.
This 3,448-square-foot quadplex at 259 S Montgomery St in Salt Lake City contains four units, each with an open floor plan, washer and dryer, and central A/C. The building dates to 1981, and the central A/C was installed approximately two years ago. RMF-45 zoning is reported for the property.
Site amenities include eight dedicated parking stalls, a recently paved parking lot, four private storage units, a private dumpster, Google Fiber internet, and an irrigation system. The irrigation is currently set to a low level due to drought conditions.
The property is approximately eight minutes from Salt Lake City International Airport and seven minutes from downtown Salt Lake City. The location also offers access to major roads, employment centers, dining, shopping, and entertainment.
Site amenities include eight dedicated parking stalls, a recently paved parking lot, four private storage units, a private dumpster, Google Fiber internet, and an irrigation system. The irrigation is currently set to a low level due to drought conditions.
The property is approximately eight minutes from Salt Lake City International Airport and seven minutes from downtown Salt Lake City. The location also offers access to major roads, employment centers, dining, shopping, and entertainment.
Key Highlights
- Four‑unit property totaling 3,448 square feet
- RMF‑45 zoning; built in 1981
- Eight dedicated parking stalls and a recently paved lot
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$45,982
Cap Rate
5.86%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$919,640
$919.6K
Cap Rate 7%
$656,886
$656.9K
Cap Rate 9%
$510,911
$510.9K
Market Conditions
NOI Build-Up for 3,448 SF
Gross rent
$69.5K $20.16/SF
− Vacancy
−$3.8K −$1.11/SF
EGI
$65.7K $19.05/SF
− OpEx
−$19.7K −$5.72/SF
NOI
$46.0K $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%
$919,640
Cap Rate 7%
$656,886
Cap Rate 9%
$510,911
Alternative Uses
Best Use
Multifamily LT 5
$656.9K
$574.8K – $766.4K
NOI $45,982 @ 7.0% cap · market cap 5.86%
Second Best
Apartment 5plus
$610.2K
$533.9K – $711.9K
NOI $42,715 @ 7.0% cap · market cap 5.44%
Theoretical Best
Office A
$928.9K
$812.8K – $1.08M
NOI $65,026 @ 7.0% cap · market cap 8.28%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
361
Businesses Nearby
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Business Placement
Demographics for 84104, UT
23,487
Population
8,452
Households
2.8
Avg Household Size
31
Median Age
22%
College-Educated
78%
High-School Grad
21.6 sq mi
ZIP Area
1,087
Density / Sq Mi
$61,326
Median Household Income
$35,013
Median Earnings
$1,235
Median Rent
$318,100
Median Home Value
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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 - Each residence has in-unit laundry and central air conditioning, with dedicated parking and private storage on site.
Where is this quadplex located?
The property is located at 259 S Montgomery St Salt Lake City, UT.
What is the asking price?
The asking price for this property is $785,000.
What are key features of this property?
This property features: Four‑unit property totaling 3,448 square feet; RMF‑45 zoning; built in 1981; Eight dedicated parking stalls and a recently paved lot
