Updated Four-Unit
For Sale
$995,000
Pending
315 N F ST, Salt Lake City, UT 84103
Built in 1927, the property combines refreshed interiors, separate metering, and established tenant occupancy.
Property Size3,510 SF
Days on Market71
Property Features for 315 N F ST
General Information
Standard status
Pending
Size
3,510 SF
Property subtype
Duplex
Taxes and HOA fees
Annual Taxes
$3,993
Building Details
Building Size
3,510 SF
Year Built
1927
Listing Agency:
REDFIN CORPORATION
Listed By:
Daniel Lopez · License #9852622-SA00
(505) 231-7800
Source:
Acresutah
Added: Aug 5
Changed: Oct 6
Last Checked: Oct 13 at 2:31AM
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 REDFIN CORPORATION
Investment Insights
Based on property information with market context.
Constructed in 1927, this quadplex contains four residential units. Units 317 A and 317 B have updated living spaces and are supported by a newer AC unit and HVAC system. Unit 315 A offers one bedroom, one bathroom, a generous living area, kitchen, front entry, and private rear access. Units 315 A and 315 B are separately metered, while established tenancy on the left side provides current occupancy.
The property is located at 315 N F St in Salt Lake City’s Avenues area. Local cafes, downtown Salt Lake City, and Memory Grove are within walking distance.
The property is located at 315 N F St in Salt Lake City’s Avenues area. Local cafes, downtown Salt Lake City, and Memory Grove are within walking distance.
Key Highlights
- Four‑unit quadplex built in 1927
- Updated interiors in units 317 A and 317 B
- Newer AC unit and HVAC system serving the right‑side units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$46,809
Cap Rate
4.70%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$936,180
$936.2K
Cap Rate 7%
$668,700
$668.7K
Cap Rate 9%
$520,100
$520.1K
Market Conditions
NOI Build-Up for 3,510 SF
Gross rent
$70.8K $20.16/SF
− Vacancy
−$3.9K −$1.11/SF
EGI
$66.9K $19.05/SF
− OpEx
−$20.1K −$5.72/SF
NOI
$46.8K $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%
$936,180
Cap Rate 7%
$668,700
Cap Rate 9%
$520,100
Alternative Uses
Best Use
Multifamily LT 5
$668.7K
$585.1K – $780.2K
NOI $46,809 @ 7.0% cap · market cap 4.70%
Second Best
Apartment 5plus
$621.2K
$543.6K – $724.7K
NOI $43,484 @ 7.0% cap · market cap 4.37%
Theoretical Best
Office A
$945.6K
$827.4K – $1.10M
NOI $66,195 @ 7.0% cap · market cap 6.65%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
1,638
Businesses Nearby
Explore this area
Business Placement
Demographics for 84103, UT
22,788
Population
13,528
Households
1.7
Avg Household Size
36
Median Age
66%
College-Educated
98%
High-School Grad
20.5 sq mi
ZIP Area
1,112
Density / Sq Mi
$81,386
Median Household Income
$54,787
Median Earnings
$1,374
Median Rent
$710,700
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
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Frequently Asked Questions
What type of property is this?
Quadplex - Built in 1927, the property combines refreshed interiors, separate metering, and established tenant occupancy.
Where is this quadplex located?
The property is located at 315 N F ST Salt Lake City, UT.
What is the asking price?
The asking price for this property is $995,000.
What are key features of this property?
This property features: Four‑unit quadplex built in 1927; Updated interiors in units 317 A and 317 B; Newer AC unit and HVAC system serving the right‑side units
