4-Unit Multifamily
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 Market73
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
Bathroom 1, Bedroom 1, Bedroom 2, Bedroom 4, Bathroom 2, Bedroom 5, Bathroom 3, Bedroom 3
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
Forced Air, Central, Natural Gas
Building Details
Year built
1927
Number of units
4
Flooring type
Tile, Hardwood, 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: Oct 15
Last Checked: Oct 16 at 7:06AM
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.
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Investment Insights
Based on property information with market context.
This 3,510-square-foot, four-unit multifamily property was built in 1927 and has brick construction on a 0.11-acre lot. Two units on the 317 side have updated interiors and are served by a newer AC unit and HVAC system. Unit 315 A has a one-bedroom, one-bath layout with a living area, kitchen, front entrance, and private rear access. Units 315 A and B are separately metered, and the property is zoned Multi-Family.
The property is within walking distance of cafes, downtown Salt Lake City, and Memory Grove. Heating is provided by forced air and central natural gas systems; the property also has public sewer service.
The property is within walking distance of cafes, downtown Salt Lake City, and Memory Grove. Heating is provided by forced air and central natural gas systems; the property also has public sewer service.
Key Highlights
- Four units in a 3,510‑square‑foot multifamily property
- Built in 1927 with brick construction on a 0.11‑acre lot
- Updated interiors in units 317 A and B; newer AC unit and HVAC system
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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Property Analytics
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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
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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 - Two residences have updated interiors, supported by a newer AC unit and HVAC system.
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 units in a 3,510‑square‑foot multifamily property; Built in 1927 with brick construction on a 0.11‑acre lot; Updated interiors in units 317 A and B; newer AC unit and HVAC system
