4-Unit
For Sale
$1,049,000
3167 W 3650 S, West Valley City, UT 84119
Separate utility meters and on-site parking support straightforward management across the residential units.
Property Size3,648 SF
Price / SF$287.55
Days on Market59
Property Features for 3167 W 3650 S
General Information
Standard status
Active
Size
3,648 SF
Total Parking Spaces
6
Property subtype
Multi Family Home
Zoning
Multi-Family
Site & Location
Neighborhood
Candlestick
Public Transit
Yes
Units
Multifamily Units
4
Individually Metered Utilities
electricity, gas
Taxes and HOA fees
Annual Taxes
$5,837
Amenities
garage storage units
Range/Oven: Free Stdng.
Building Details
Building Size
3,648 SF
Year Built
1962
Units
4
Listing Agency:
Summit Sotheby's International Realty
(801) 467-2100
Listed By:
Sean Steinman · License #9079608
(801) 913-3790
Source:
Etzelonline
Added: Aug 27
Changed: Oct 23
Last Checked: Oct 23 at 5:20PM
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
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Investment Insights
Based on property information with market context.
This 3,648-square-foot quadplex contains four units and was built in 1962. Improvements include replacement windows and electrical system upgrades throughout. Each residence has its own electric and gas meter, allowing utilities to be tracked separately.
The property is near UTA bus and train service. On-site parking is available, with additional spaces that may be rented separately. Garage storage units also provide a separate rental opportunity. The property is zoned Multi-Family.
The property is near UTA bus and train service. On-site parking is available, with additional spaces that may be rented separately. Garage storage units also provide a separate rental opportunity. The property is zoned Multi-Family.
Key Highlights
- Four‑unit residential property totaling 3,648 square feet
- New windows and electrical upgrades throughout the property
- Separate electric and gas meters for each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$39,507
Cap Rate
3.77%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$790,140
$790.1K
Cap Rate 7%
$564,386
$564.4K
Cap Rate 9%
$438,967
$439.0K
Market Conditions
NOI Build-Up for 3,648 SF
Gross rent
$59.1K $16.20/SF
− Vacancy
−$2.7K −$0.73/SF
EGI
$56.4K $15.47/SF
− OpEx
−$16.9K −$4.64/SF
NOI
$39.5K $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%
$790,140
Cap Rate 7%
$564,386
Cap Rate 9%
$438,967
Alternative Uses
Best Use
Multifamily LT 5
$564.4K
$493.8K – $658.5K
NOI $39,507 @ 7.0% cap · market cap 3.77%
Second Best
Apartment 5plus
$509.4K
$445.7K – $594.3K
NOI $35,659 @ 7.0% cap · market cap 3.40%
Theoretical Best
Office A
$1.04M
$913.8K – $1.22M
NOI $73,106 @ 7.0% cap · market cap 6.97%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
4
Residential units
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
Frequently Asked Questions
What type of property is this?
Quadplex - Separate utility meters and on-site parking support straightforward management across the residential units.
Where is this quadplex located?
The property is located at 3167 W 3650 S West Valley City, UT.
What is the asking price?
The asking price for this property is $1,049,000.
What are key features of this property?
This property features: Four‑unit residential property totaling 3,648 square feet; New windows and electrical upgrades throughout the property; Separate electric and gas meters for each unit
