Fourplex with Covered
4644 S CARNEGIE TECH ST #4, West Valley City, UT 84120
For Sale
$879,000
Fully rented residential income property with a consistent two-bedroom, one-bathroom layout in every unit.
Property Size3,472 SF
Days on Market541
Property Features for 4644 S CARNEGIE TECH ST #4
General Information
Standard status
Size
Property subtype
Occupancy
Site & Location
Neighborhood
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Tenancy
Listing Agency:
Equity Real Estate (Solid)
Listed By:
Yongmei Cai
(801) 448-2718
Source:
Acresutah
Added: May 19, 2025
Changed: Nov 2
Last Checked: Nov 8 at 2:34PM
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 Equity Real Estate (Solid)
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Investment Insights
Based on property information with market context.
This fourplex includes 4 residential units, each with 2 bedrooms and 1 bathroom. The property was built in 1980 and is fully rented, providing an established residential income configuration. Covered and uncovered parking serve residents and guests.
Located at 4644 S Carnegie Tech St #4 in West Valley City, Utah, the property offers a straightforward four-unit layout with consistent unit specifications and on-site parking. The seller will be doing a 1031 exchange.
Located at 4644 S Carnegie Tech St #4 in West Valley City, Utah, the property offers a straightforward four-unit layout with consistent unit specifications and on-site parking. The seller will be doing a 1031 exchange.
Key Highlights
- Fourplex with 4 units, each offering 2 bedrooms and 1 bathroom
- Fully rented residential income property
- Covered and uncovered parking for residents and guests
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$37,601
Cap Rate
4.28%
Suggested Prices Based on Cap Rates
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
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 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 4.28%
Second Best
Apartment 5plus
$484.8K
$424.2K – $565.6K
NOI $33,938 @ 7.0% cap · market cap 3.86%
Theoretical Best
Office A
$994.0K
$869.7K – $1.16M
NOI $69,579 @ 7.0% cap · market cap 7.92%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
217
Businesses Nearby
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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
$370,800
Median Home Value
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Market
Average Price Trend$/SF for Quadplexes in Salt Lake County, UT
Properties on Market for Quadplexes in Salt Lake County
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Quadplex - Fully rented residential income property with a consistent two-bedroom, one-bathroom layout in every unit.
Where is this quadplex located?
The property is located at 4644 S CARNEGIE TECH ST #4 West Valley City, UT.
What is the asking price?
The asking price for this property is $879,000.
What are key features of this property?
This property features: Fourplex with 4 units, each offering 2 bedrooms and 1 bathroom; Fully rented residential income property; Covered and uncovered parking for residents and guests
