Updated Four-Unit
New
For Sale
$799,000
4639 S ARLINGTON PARK DR W, West Valley City, UT 84120
Updated multifamily property with one currently vacant unit and annual leases.
Property Size3,472 SF
Price / SF$230.13
Days on Market7
Property Features for 4639 S ARLINGTON PARK DR W
General Information
Standard status
Active
Size
3,472 SF
Property subtype
Quadruplex
Additional Details
Multifamily Units
4
Building Details
Building Size
3,472 SF
Year Built
1980
Buildings
1
Tenancy
Multi
Listing Agency:
JB & Associates Realty
Listed By:
Jami Bogenschutz
(801) 792-5547
Source:
Liftrealty
Added: Sep 21
Changed: Sep 26
Last Checked: Sep 26 at 9:43AM
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 JB & Associates Realty
Investment Insights
Based on property information with market context.
This updated quadplex contains four residential units within a 3,472-square-foot property built in 1980. One unit is currently vacant and has a keybox, while the remaining tenancy includes long-term occupants on yearly leases.
Located at 4639 S Arlington Park Dr W in West Valley City, the property offers an established multifamily configuration with both existing tenancy and immediate vacancy for leasing or occupancy.
Located at 4639 S Arlington Park Dr W in West Valley City, the property offers an established multifamily configuration with both existing tenancy and immediate vacancy for leasing or occupancy.
Key Highlights
- Four‑unit quadplex with an updated condition
- 3,472‑square‑foot property built in 1980
- One unit currently vacant and keyboxed
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$37,601
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.71%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$752,020
$752.0K
Cap Rate 7%
$537,157
$537.2K
Cap Rate 9%
$417,789
$417.8K
Market Conditions
NOI Build-Up for 3,472 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$56.2K $16.20/SF
− Vacancy
−$2.5K −$0.73/SF
EGI
$53.7K $15.47/SF
− OpEx
−$16.1K −$4.64/SF
NOI
$37.6K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$752,020
Cap Rate 7%
$537,157
Cap Rate 9%
$417,789
Alternative Uses
Best Use
Multifamily LT 5
$537.2K
$470.0K – $626.7K
NOI $37,601 @ 7.0% cap · market cap 4.71%
Second Best
Apartment 5plus
$484.8K
$424.2K – $565.6K
NOI $33,938 @ 7.0% cap · market cap 4.25%
Theoretical Best
Office A
$994.0K
$869.7K – $1.16M
NOI $69,579 @ 7.0% cap · market cap 8.71%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
4
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
232
Businesses Nearby
Explore this area
Business Placement
Demographics for 84120, UT
51,212
Population
14,184
Households
3.6
Avg Household Size
32
Median Age
15%
College-Educated
81%
High-School Grad
10.1 sq mi
ZIP Area
5,070
Density / Sq Mi
$90,847
Median Household Income
$36,899
Median Earnings
$1,434
Median Rent
$370,800
Median Home Value
Check the figures for this property
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 - Updated multifamily property with one currently vacant unit and annual leases.
Where is this quadplex located?
The property is located at 4639 S ARLINGTON PARK DR W West Valley City, UT.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: Four‑unit quadplex with an updated condition; 3,472‑square‑foot property built in 1980; One unit currently vacant and keyboxed
