Renovated Fourplex with Private
For Sale
$1,075,000
464 E 600 S, Salt Lake City, UT 84111
Four-unit income property with updated systems, individual climate control, and proximity to Richmond Park and Trolley Square.
Property Size2,343 SF
Days on Market72
Property Features for 464 E 600 S
General Information
Standard status
Active
Size
2,343 SF
Property subtype
Quadruplex
Site & Location
Neighborhood
Central City
Public Transit
Yes
Additional Details
Multifamily Units
4
Taxes and HOA fees
Annual Taxes
$4,360
Amenities
private laundry
dishwasher
independently controlled heating and cooling systems
Building Details
Building Size
2,343 SF
Year Built
1908
Buildings
1
Listing Agency:
Presidio Real Estate
Listed By:
Joshua Chamberlain
(801) 448-8527
Source:
Acresutah
Added: Aug 16
Changed: Oct 24
Last Checked: Oct 25 at 1:17AM
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 Presidio Real Estate
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Investment Insights
Based on property information with market context.
This fourplex was constructed in 1908 and renovated over the past three years, combining updated interiors with retained architectural character. Each residence includes private laundry, a dishwasher, and independently controlled heating and cooling. Electrical and plumbing systems have also been upgraded, while exterior improvements include refreshed landscaping and paint.
The property is located at 464 E 600 S in Salt Lake City, adjacent to Richmond Park and near Trolley Square. Dining, shopping, entertainment, parks, and public transit are described as walkable from the property. Furniture is included in units #2 and #3.
The property is located at 464 E 600 S in Salt Lake City, adjacent to Richmond Park and near Trolley Square. Dining, shopping, entertainment, parks, and public transit are described as walkable from the property. Furniture is included in units #2 and #3.
Key Highlights
- Fourplex built in 1908
- Renovated over the past three years
- Private laundry and dishwasher in each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,246
Cap Rate
2.91%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$624,920
$624.9K
Cap Rate 7%
$446,371
$446.4K
Cap Rate 9%
$347,178
$347.2K
Market Conditions
NOI Build-Up for 2,343 SF
Gross rent
$47.2K $20.16/SF
− Vacancy
−$2.6K −$1.11/SF
EGI
$44.6K $19.05/SF
− OpEx
−$13.4K −$5.72/SF
NOI
$31.2K $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%
$624,920
Cap Rate 7%
$446,371
Cap Rate 9%
$347,178
Alternative Uses
Best Use
Multifamily LT 5
$446.4K
$390.6K – $520.8K
NOI $31,246 @ 7.0% cap · market cap 2.91%
Second Best
Apartment 5plus
$414.7K
$362.8K – $483.8K
NOI $29,026 @ 7.0% cap · market cap 2.70%
Theoretical Best
Office A
$631.2K
$552.3K – $736.5K
NOI $44,187 @ 7.0% cap · market cap 4.11%
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
4,237
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Quadplex - Four-unit income property with updated systems, individual climate control, and proximity to Richmond Park and Trolley Square.
Where is this quadplex located?
The property is located at 464 E 600 S Salt Lake City, UT.
What is the asking price?
The asking price for this property is $1,075,000.
What are key features of this property?
This property features: Fourplex built in 1908; Renovated over the past three years; Private laundry and dishwasher in each unit
