Brick Quadplex With Updated
For Sale
$995,000
315 N F St, Salt Lake City, UT 84103
Residential, Salt Lake City, UT
Property Size3,510 SF
Lot Size0.11 Acres
Price / SF$283.48
Days on Market25
Property Features for 315 N F St
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
Multi-Family
Bedrooms
5
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 3, Bathroom 2, Bathroom 3, Bedroom 2, Bathroom 1, Bedroom 4, Bedroom 5, Bedroom 1
Elementary school
None/Other
Middle school
None/Other
High school
None/Other
Elementary school district
Salt Lake
Middle school district
Salt Lake
High school district
Salt Lake
Subdivision
Salt Lake City: Avenues Area
Standard status
Active
APN
09-31-426-008
Size
3,510 SF
Lot size
0.11 Acres
Taxes and HOA fees
Tax Annual Amount
3993
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas, Central, Forced Air
Building Details
Year built
1927
Number of units
4
Flooring type
Hardwood, Tile, Carpet
Building materials
Brick
Roof type
Asphalt
Architectural style
Other
Listing Agency:
REDFIN CORPORATION
(801) 613-7062
Listed By:
Daniel Lopez · License #9852622-SA00
(505) 231-7800
Added: Aug 5
Changed: Aug 27
Last Checked: Aug 29 at 10:06AM
MLS# 2180042
Copyright © 2026 UtahRealEstate.com. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Built in 1927, this 3,510-square-foot brick quadplex contains four residential units on a 0.11-acre lot. The property includes hardwood, tile, and carpet flooring, along with natural-gas central forced-air heating. Units 317 A and B have been updated and are served by a newer AC unit and HVAC system. Units 315 A and B are separately metered, while the left-side units include long-term tenancy. Unit 315 A has one bedroom and one bathroom, with a spacious living area, kitchen, front entry, and private rear access.
The property is zoned Multi-Family and is located at 315 N F St in Salt Lake City’s Avenues area. The surrounding context includes local cafes, downtown Salt Lake City, and Memory Grove, all described as within walking distance. Public sewer service and an asphalt roof serve the property.
The property is zoned Multi-Family and is located at 315 N F St in Salt Lake City’s Avenues area. The surrounding context includes local cafes, downtown Salt Lake City, and Memory Grove, all described as within walking distance. Public sewer service and an asphalt roof serve the property.
Key Highlights
- Four‑unit brick property totaling 3,510 square feet on 0.11 acres
- Built in 1927 with Multi‑Family zoning
- 317 A & B feature updated interiors and a newer AC unit and HVAC system
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
$46,809
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
4.70%
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%
$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
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
$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 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%
$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.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
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
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 - Four-unit property with separate metering, updated living areas, and a mix of hardwood, tile, and carpet finishes.
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 brick property totaling 3,510 square feet on 0.11 acres; Built in 1927 with Multi‑Family zoning; 317 A & B feature updated interiors and a newer AC unit and HVAC system
