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    261 N Redwood Rd W Salt Lake City, UT 84116

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    For Sale
    $2,000,000

    0.94 acres for development with existing income-producing fourplex.

    Lot size:
    0.94 Acres

    Property Features for 261 N Redwood Rd W

    General Information

    Lot size
    0.94 Acres

    Source: Red Butte Realty Agent Red Butte Realty

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Land Development Opportunity with Income

    This property presents a land development opportunity on 0.94 acres. The property is suitable for developing new homes or apartments. Currently, there is an income-producing fourplex on the property, generating approximately $4,000 in monthly cash flow. The property benefits from two entryways, one off Redwood Road and the other off Gemini Street. Its location offers proximity to Trax. The seller is participating in a 1031 exchange and requests cooperation.
    Location Intelligence

    Current Use by Public Records

    Land

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Salt Lake City
    County
    Salt Lake
    State
    Utah
    Longitude
    -111.9397065
    Latitude
    40.7753927

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    FAQs

    What type of property is this?
    Land - 0.94 acres for development with existing income-producing fourplex.
    Where is this land located?
    The property is located at 261 N Redwood Rd W Salt Lake City, UT.
    What is the asking price?
    The asking price for this property is $2,000,000.
    What are key features of this property?
    This property features: - Land development opportunity on 0.94 acres.; - Income-producing four-plex provides approximately $4,000 monthly cash flow.; - Potential for building new homes or apartments.
    Request Owner's contact information
    261 N Redwood Rd W Salt Lake City, UT 84116
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    Salt Lake City, UT 84116
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    261 N Redwood Rd W Salt Lake City, UT 84116
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