Four-Unit Property with
For Sale
$1,199,000
3153 W 3650 S, West Valley City, UT 84119
Separate electric and gas metering supports practical utility administration across the residential units.
Property Size3,598 SF
Days on Market49
Property Features for 3153 W 3650 S
General Information
Standard status
Active
Size
3,598 SF
Property subtype
> 4 Units
Site & Location
Public Transit
Yes
Utilities to Site
Yes
Additional Details
Multifamily Units
4
Taxes and HOA fees
Annual Taxes
$6,053
Amenities
garage storage units
Building Details
Building Size
3,598 SF
Year Built
1962
Listing Agency:
Summit Sotheby's International Realty
Listed By:
Sean Steinman · License #9079608
(435) 295-3592
Source:
Acresutah
Added: Aug 27
Changed: Oct 12
Last Checked: Oct 13 at 1:35AM
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 Summit Sotheby's International Realty
Investment Insights
Based on property information with market context.
Built in 1962, this quadplex contains four residential units and has received notable physical improvements, including replacement windows and electrical system upgrades throughout. Each unit has its own electric and gas meters, creating separate utility measurement for the property. On-site parking is available, with additional spaces offered for separate rental. Garage storage units provide further rentable components within the property.
The property is located at 3153 W 3650 S in West Valley City, Utah, near UTA bus and train lines. The combination of multiple residential units, individually metered utilities, parking, and garage storage creates a clearly defined multifamily configuration with several separately usable components.
The property is located at 3153 W 3650 S in West Valley City, Utah, near UTA bus and train lines. The combination of multiple residential units, individually metered utilities, parking, and garage storage creates a clearly defined multifamily configuration with several separately usable components.
Key Highlights
- Four‑unit quadplex built in 1962
- New windows and upgraded electrical systems throughout
- Each unit has separate electric and gas meters
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$38,965
Cap Rate
3.25%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$779,300
$779.3K
Cap Rate 7%
$556,643
$556.6K
Cap Rate 9%
$432,944
$432.9K
Market Conditions
NOI Build-Up for 3,598 SF
Gross rent
$58.3K $16.20/SF
− Vacancy
−$2.6K −$0.73/SF
EGI
$55.7K $15.47/SF
− OpEx
−$16.7K −$4.64/SF
NOI
$39.0K $10.83/SF
Area
West Valley City, UT
Vacancy
4.50%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$779,300
Cap Rate 7%
$556,643
Cap Rate 9%
$432,944
Alternative Uses
Best Use
Multifamily LT 5
$556.6K
$487.1K – $649.4K
NOI $38,965 @ 7.0% cap · market cap 3.25%
Second Best
Apartment 5plus
$502.4K
$439.6K – $586.2K
NOI $35,170 @ 7.0% cap · market cap 2.93%
Theoretical Best
Office A
$1.03M
$901.3K – $1.20M
NOI $72,104 @ 7.0% cap · market cap 6.01%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
4
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
871
Businesses Nearby
Explore this area
Business Placement
Demographics for 84119, UT
54,143
Population
16,811
Households
3.2
Avg Household Size
31
Median Age
16%
College-Educated
79%
High-School Grad
11.5 sq mi
ZIP Area
4,708
Density / Sq Mi
$66,616
Median Household Income
$35,676
Median Earnings
$1,418
Median Rent
$341,800
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 - Separate electric and gas metering supports practical utility administration across the residential units.
Where is this quadplex located?
The property is located at 3153 W 3650 S West Valley City, UT.
What is the asking price?
The asking price for this property is $1,199,000.
What are key features of this property?
This property features: Four‑unit quadplex built in 1962; New windows and upgraded electrical systems throughout; Each unit has separate electric and gas meters
