Four-Unit Brick
For Sale
$879,000
4644 S CARNEGIE TECH St W, West Valley City, UT 84120
Residential, West Valley City, UT
Property Size3,472 SF
Lot Size0.22 Acres
Price / SF$253.17
Days on Market474
Property Features for 4644 S CARNEGIE TECH St W
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Zoning
Multi-Family
Bedrooms
8
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 2, Bathroom 2, Bedroom 7, Bathroom 1, Bedroom 1, Bathroom 4, Bedroom 8, Bedroom 6, Bathroom 3, Bedroom 5, Bedroom 3, Bedroom 4
Parking
8
Parking features
Covered
Window features
Blinds
Interior features
Disposal, Range/Oven: Free Stdng., Dishwasher: Built-In
Exterior features
Double Pane Windows
Subdivision
PARK
Lot features
Sprinkler: Auto- Full
Elementary school
Lincoln
Middle school
John F. Kennedy
High school
Hunter
Elementary school district
Granite
Middle school district
Granite
High school district
Granite
Standard status
Active
APN
21-06-354-010
Size
3,472 SF
Lot size
0.22 Acres
Taxes and HOA fees
Tax Annual Amount
4780
Utilities
Sewer type
Public Sewer
Heating system
Forced Air
Building Details
Year built
1980
Number of units
4
Flooring type
Carpet, Tile
Building materials
Brick
Roof type
Asphalt
Architectural style
Other
Listing Agency:
Equity Real Estate (Solid)
(801) 208-5872
Listed By:
Yongmei Cai
(801) 448-2718
Added: May 19, 2025
Changed: Sep 3
Last Checked: Sep 4 at 5:06PM
MLS# 2087705
Copyright © 2026 UtahRealEstate.com. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 3,472-square-foot quadplex, built in 1980, contains four residential units with a consistent two-bedroom, one-bathroom layout. The building features brick construction, asphalt roofing, double-pane windows, forced-air heating, and a mix of tile and carpet flooring. Each unit includes a freestanding range/oven, built-in dishwasher, and disposal. Covered and uncovered parking serves residents and guests.
The property occupies 0.22 acres and is served by public sewer. Multi-Family zoning supports its existing residential income configuration. The combination of four similarly arranged units, established building systems, and existing rental occupancy provides a straightforward multifamily property profile.
The property occupies 0.22 acres and is served by public sewer. Multi-Family zoning supports its existing residential income configuration. The combination of four similarly arranged units, established building systems, and existing rental occupancy provides a straightforward multifamily property profile.
Key Highlights
- Four units, each with 2 bedrooms and 1 bathroom
- 3,472 square feet on a 0.22‑acre lot
- Fully rented property
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
4.28%
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 4.28%
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.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
217
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
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Quadplex - Fully rented multifamily property with two-bedroom units and resident parking.
Where is this quadplex located?
The property is located at 4644 S CARNEGIE TECH St W 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: Four units, each with 2 bedrooms and 1 bathroom; 3,472 square feet on a 0.22‑acre lot; Fully rented property
