Four-Unit Quadplex on Corner
For Sale
$1,290,000
270 E CENTER ST, Bountiful, UT 84010
Income property with remodeled units, separate utilities, and flexible month-to-month leasing.
Property Size2 SF
Lot Size0.33 Acres
Price / SF$222.72
Days on Market9
Property Features for 270 E CENTER ST
General Information
Standard status
Active
Size
2 SF
Lot size
0.33 Acres
Property subtype
Quadruplex
Units
Unit Mix
4 x 3BR/2BA
Multifamily Units
4
Building Details
Building Size
2 SF
Year Built
1996
Listing Agency:
Equity Real Estate (Select)
(801) 725-5666
Listed By:
Matthew Larson
(801) 725-5666
Source:
Liftrealty
Added: Aug 3
Changed: Aug 11
Last Checked: Aug 11 at 5:40AM
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 Equity Real Estate (Select)
Investment Insights
Based on property information with market context.
This legal non-conforming quadplex contains four 3-bedroom, 2-bath residences within a 5,792-square-foot property built in 1996. Each unit has separate utilities, and three residences have undergone remodeling. The property sits on a 0.33-acre, tree-covered corner lot at 270 E CENTER ST in Bountiful, Utah.
All four units are currently leased on a month-to-month basis, offering flexible tenancy terms. The property also has a stated concept for conversion into two duplexes of approximately 2,900 sq. ft. each, subject to buyer verification of redevelopment possibilities. The existing four-unit configuration and separate utilities provide a defined multifamily operating setup.
All four units are currently leased on a month-to-month basis, offering flexible tenancy terms. The property also has a stated concept for conversion into two duplexes of approximately 2,900 sq. ft. each, subject to buyer verification of redevelopment possibilities. The existing four-unit configuration and separate utilities provide a defined multifamily operating setup.
Key Highlights
- Four‑unit property with four 3‑bedroom, 2‑bath residences
- 5,792‑square‑foot property built in 1996
- Three of the four units have been remodeled
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$71,110
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.51%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,422,200
$1.4M
Cap Rate 7%
$1,015,857
$1.0M
Cap Rate 9%
$790,111
$790.1K
Market Conditions
NOI Build-Up for 5,792 SF
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.
Gross rent
$112.2K $19.38/SF
− Vacancy
−$10.7K −$1.84/SF
EGI
$101.6K $17.54/SF
− OpEx
−$30.5K −$5.26/SF
NOI
$71.1K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,422,200
Cap Rate 7%
$1,015,857
Cap Rate 9%
$790,111
Alternative Uses
Best Use
Multifamily LT 5
$1.02M
$888.9K – $1.19M
NOI $71,110 @ 7.0% cap · market cap 5.51%
Second Best
Apartment 5plus
$941.2K
$823.6K – $1.10M
NOI $65,885 @ 7.0% cap · market cap 5.11%
Theoretical Best
Office A
$1.34M
$1.17M – $1.56M
NOI $93,640 @ 7.0% cap · market cap 7.26%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
1,690
Businesses Nearby
Explore this area
Business Placement
Demographics for 84010, UT
48,439
Population
16,103
Households
3
Avg Household Size
35
Median Age
46%
College-Educated
98%
High-School Grad
38.0 sq mi
ZIP Area
1,275
Density / Sq Mi
$102,038
Median Household Income
$45,472
Median Earnings
$1,458
Median Rent
$486,000
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Quadplex - Income property with remodeled units, separate utilities, and flexible month-to-month leasing.
Where is this quadplex located?
The property is located at 270 E CENTER ST Bountiful, UT.
What is the asking price?
The asking price for this property is $1,290,000.
What are key features of this property?
This property features: Four‑unit property with four 3‑bedroom, 2‑bath residences; 5,792‑square‑foot property built in 1996; Three of the four units have been remodeled
