4-Unit Quadplex with Garage
For Sale
$1,029,000
3185 W 3650 S, West Valley City, UT 84119
Separate electric and gas meters serve the four residences.
Property Size3,648 SF
Price / SF$282.07
Days on Market59
Property Features for 3185 W 3650 S
General Information
Standard status
Active
Size
3,648 SF
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
$3,648
Amenities
on-site parking
garage storage units
Range/Oven: Free Stdng.
Building Details
Building Size
3,648 SF
Year Built
1963
Units
4
Listing Agency:
Etzel Realty, LLC
Listed By:
Frankie Sacco · License #5476963
(435) 637-6777
Source:
Etzelonline
Added: Aug 27
Changed: Oct 23
Last Checked: Oct 23 at 6:05PM
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 Etzel Realty, LLC
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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 1963. Improvements include new windows and upgraded electrical systems throughout. Each residence has separate electric and gas meters. Garage storage units and on-site parking are also part of the property, with additional parking spaces available for separate rental.
The property is zoned Multi-Family and is located near UTA bus and train lines.
The property is zoned Multi-Family and is located near UTA bus and train lines.
Key Highlights
- Four‑unit property with 3,648 square feet of building area
- New windows and electrical system upgrades throughout
- Individual units have separate electric and gas meters
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$39,507
Cap Rate
3.84%
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 3.84%
Second Best
Apartment 5plus
$509.4K
$445.7K – $594.3K
NOI $35,659 @ 7.0% cap · market cap 3.47%
Theoretical Best
Office A
$1.04M
$913.8K – $1.22M
NOI $73,106 @ 7.0% cap · market cap 7.10%
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
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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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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Quadplex - Separate electric and gas meters serve the four residences.
Where is this quadplex located?
The property is located at 3185 W 3650 S West Valley City, UT.
What is the asking price?
The asking price for this property is $1,029,000.
What are key features of this property?
This property features: Four‑unit property with 3,648 square feet of building area; New windows and electrical system upgrades throughout; Individual units have separate electric and gas meters
