4-Unit Apartment
265 W 2400 N, Sunset, UT 84015
For Sale
New
$690,000
The building has a mix of one- and two-bedroom apartments, each with individual laundry hookups.
Property Size1,959 SF
Price / SF$187.91
Days on Market6
Property Features for 265 W 2400 N
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Occupancy
Units
Unit Mix
Multifamily Units
Parking per Unit
Individually Metered Utilities
Additional Details
Gross Income
Tenant in Place
Amenities
individual laundry hookups
Building Details
Building Size
Year Built
Buildings
Listing Agency:
Century 21 Everest (Centerville)
(801) 449-3000
Listed By:
Doug Cary · License UT #6004248
(801) 872-4419
Source:
Liftrealty
Added: Nov 10
Changed: Nov 14
Last Checked: Nov 14 at 2:23PM
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 Century 21 Everest (Centerville)
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Investment Insights
Based on property information with market context.
At 265 W 2400 N in Sunset, this 3,672-square-foot apartment building dates to 1959 and contains four occupied units. The layout includes two upstairs two-bedroom apartments and two downstairs one-bedroom apartments. Each apartment has individual laundry hookups; the upstairs laundry rooms are large enough to have served as small bedrooms.
Gas and electricity are individually metered, and the property has eight dedicated parking spaces, or two per apartment. Landlord-paid utilities average $4,600 annually. Pets are not permitted, except for one approved ESA.
Gas and electricity are individually metered, and the property has eight dedicated parking spaces, or two per apartment. Landlord-paid utilities average $4,600 annually. Pets are not permitted, except for one approved ESA.
Key Highlights
- Four occupied apartments: two two‑bedroom units upstairs and two one‑bedroom units downstairs
- 3,672‑square‑foot building constructed in 1959
- Individual laundry hookups in each apartment; upstairs laundry rooms have been used as small bedrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$45,082
Cap Rate
6.53%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$901,640
$901.6K
Cap Rate 7%
$644,029
$644.0K
Cap Rate 9%
$500,911
$500.9K
Market Conditions
NOI Build-Up for 3,672 SF
Gross rent
$71.2K $19.38/SF
− Vacancy
−$6.8K −$1.84/SF
EGI
$64.4K $17.54/SF
− OpEx
−$19.3K −$5.26/SF
NOI
$45.1K $12.28/SF
Area
Davis County, UT
Vacancy
9.50%
Lease Rate
$19.38 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$901,640
Cap Rate 7%
$644,029
Cap Rate 9%
$500,911
Alternative Uses
Best Use
Multifamily LT 5
$644.0K
$563.5K – $751.4K
NOI $45,082 @ 7.0% cap · market cap 6.53%
Second Best
Apartment 5plus
$596.7K
$522.1K – $696.2K
NOI $41,769 @ 7.0% cap · market cap 6.05%
Theoretical Best
Office A
$848.1K
$742.1K – $989.4K
NOI $59,365 @ 7.0% cap · market cap 8.60%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Who owns this building?
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Lease Details
4
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
142
Businesses Nearby
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Business Placement
Demographics for 84015, UT
68,548
Population
23,058
Households
3
Avg Household Size
30
Median Age
25%
College-Educated
93%
High-School Grad
20.8 sq mi
ZIP Area
3,296
Density / Sq Mi
$92,634
Median Household Income
$43,208
Median Earnings
$1,385
Median Rent
$377,200
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 - The building has a mix of one- and two-bedroom apartments, each with individual laundry hookups.
Where is this quadplex located?
The property is located at 265 W 2400 N Sunset, UT.
What is the asking price?
The asking price for this property is $690,000.
What are key features of this property?
This property features: Four occupied apartments: two two‑bedroom units upstairs and two one‑bedroom units downstairs; 3,672‑square‑foot building constructed in 1959; Individual laundry hookups in each apartment; upstairs laundry rooms have been used as small bedrooms
