Remodeled Quadplex with Shared
359 E 900 S, Salt Lake City, UT 84111
For Sale
$874,999
Updated multifamily property with shared fenced yard, off-street parking, and tankless water heating.
Property Size1,931 SF
Price / SF$379.44
Days on Market99
Property Features for 359 E 900 S
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Building Details
Building Size
Year Built
Listing Agency:
Salt Lake Improvement Initiative LLC
(801) 556-9483
Listed By:
Chris L Browne · License UT #5705669
(801) 550-1074
Source:
Liftrealty
Added: Aug 8
Changed: Nov 12
Last Checked: Nov 12 at 8:03AM
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 Salt Lake Improvement Initiative LLC
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 2,306-square-foot quadplex contains four residential units and was built in 1931. Two units were remodeled this year, while the remaining two have received recent updates. One unit includes laundry, with the possibility of adding laundry facilities to the others. A tankless water heater serves the property, and residents share access to a fenced private yard. Parking includes one off-street space per unit and three additional guest spaces.
The property is located at 359 E 900 S in Salt Lake City’s Maven District, near cafes, shops, restaurants, and Liberty Park. Public transit provides access toward the University of Utah. Two leases are currently month to month and are scheduled for renewal with rent increases.
The property is located at 359 E 900 S in Salt Lake City’s Maven District, near cafes, shops, restaurants, and Liberty Park. Public transit provides access toward the University of Utah. Two leases are currently month to month and are scheduled for renewal with rent increases.
Key Highlights
- 2,306‑square‑foot quadplex with four residential units
- Two units remodeled this year; two additional units updated recently
- Fenced private yard shared by all tenants
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,752
Cap Rate
3.51%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$615,040
$615.0K
Cap Rate 7%
$439,314
$439.3K
Cap Rate 9%
$341,689
$341.7K
Market Conditions
NOI Build-Up for 2,306 SF
Gross rent
$46.5K $20.16/SF
− Vacancy
−$2.6K −$1.11/SF
EGI
$43.9K $19.05/SF
− OpEx
−$13.2K −$5.72/SF
NOI
$30.8K $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%
$615,040
Cap Rate 7%
$439,314
Cap Rate 9%
$341,689
Alternative Uses
Best Use
Multifamily LT 5
$439.3K
$384.4K – $512.5K
NOI $30,752 @ 7.0% cap · market cap 3.51%
Second Best
Apartment 5plus
$408.1K
$357.1K – $476.1K
NOI $28,568 @ 7.0% cap · market cap 3.26%
Theoretical Best
Office A
$621.3K
$543.6K – $724.8K
NOI $43,489 @ 7.0% cap · market cap 4.97%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Location Intelligence
Trade Area within ½ mile
2,770
Businesses Nearby
Explore this area
Business Placement
Demographics for 84111, UT
12,162
Population
8,635
Households
1.4
Avg Household Size
34
Median Age
55%
College-Educated
95%
High-School Grad
1.4 sq mi
ZIP Area
8,687
Density / Sq Mi
$57,188
Median Household Income
$49,490
Median Earnings
$1,294
Median Rent
$423,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Quadplexes in Salt Lake City, UT
Properties on Market for Quadplexes in Salt Lake City
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Quadplex - Updated multifamily property with shared fenced yard, off-street parking, and tankless water heating.
Where is this quadplex located?
The property is located at 359 E 900 S Salt Lake City, UT.
What is the asking price?
The asking price for this property is $874,999.
What are key features of this property?
This property features: 2,306‑square‑foot quadplex with four residential units; Two units remodeled this year; two additional units updated recently; Fenced private yard shared by all tenants
