Brick Quadplex with Covered
4031 S 3200 W, Salt Lake City, UT 84119
For Sale
$799,900
Residential, Salt Lake City, UT
Property Size2,706 SF
Lot Size0.36 Acres
Price / SF$295.60
Days on Market96
Property Features for 4031 S 3200 W
General Information
Property type
Property subtype
Zoning
Bedrooms
Bathrooms
Full bathrooms
Rooms
Parking
Parking features
Interior features
Lot features
Elementary school
Middle school
High school
Elementary school district
Middle school district
High school district
Subdivision
Standard status
APN
Size
Lot size
Tenancy & Operations
Currently Operating
Tenant in Place
Additional Details
Individually Metered Utilities
Taxes and HOA fees
Tax Annual Amount
Utilities
Sewer type
Heating system
Amenities
coin-operated laundry
high-speed internet
Building Details
Year built
Number of units
Building materials
Roof type
Architectural style
Listing Agency:
Equity Summit Group PC
(801) 367-0286
Listed By:
Spencer Wilson
(801) 244-6889
Added: Aug 11
Changed: Oct 29
Last Checked: Nov 14 at 4:06AM
MLS# 2178108
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Investment Insights
Based on property information with market context.
This 2,706-square-foot quadplex sits on a 0.36-acre parcel and was built in 1963. The brick building includes covered parking, central forced-air heating powered by natural gas, public sewer service, and an asphalt roof. Interior features include granite countertops, standalone range/ovens, and garbage disposals.
The property includes four units, with leases in place and one unit currently vacant. Updated HVAC systems and new water heaters address major building-system improvements. Separately metered gas and electric service supports distinct utility billing, while on-site coin-operated laundry and landlord-provided Utopia Fiber internet provide additional property amenities. The asset is zoned Multi-Family.
The property includes four units, with leases in place and one unit currently vacant. Updated HVAC systems and new water heaters address major building-system improvements. Separately metered gas and electric service supports distinct utility billing, while on-site coin-operated laundry and landlord-provided Utopia Fiber internet provide additional property amenities. The asset is zoned Multi-Family.
Key Highlights
- Four‑unit multifamily property on 0.36 acres
- 2,706 square feet; built in 1963
- Multi‑Family zoning designation
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$36,087
Cap Rate
4.51%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$721,740
$721.7K
Cap Rate 7%
$515,529
$515.5K
Cap Rate 9%
$400,967
$401.0K
Market Conditions
NOI Build-Up for 2,706 SF
Gross rent
$54.6K $20.16/SF
− Vacancy
−$3.0K −$1.11/SF
EGI
$51.6K $19.05/SF
− OpEx
−$15.5K −$5.72/SF
NOI
$36.1K $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%
$721,740
Cap Rate 7%
$515,529
Cap Rate 9%
$400,967
Alternative Uses
Best Use
Multifamily LT 5
$515.5K
$451.1K – $601.5K
NOI $36,087 @ 7.0% cap · market cap 4.51%
Second Best
Apartment 5plus
$478.9K
$419.0K – $558.7K
NOI $33,523 @ 7.0% cap · market cap 4.19%
Theoretical Best
Office A
$729.0K
$637.9K – $850.5K
NOI $51,032 @ 7.0% cap · market cap 6.38%
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
242
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
$341,800
Median Home Value
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Market
Average Price Trend$/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 - Multifamily-zoned property with separately metered gas and electric service.
Where is this quadplex located?
The property is located at 4031 S 3200 W Salt Lake City, UT.
What is the asking price?
The asking price for this property is $799,900.
What are key features of this property?
This property features: Four‑unit multifamily property on 0.36 acres; 2,706 square feet; built in 1963; Multi‑Family zoning designation
