Fourplex With In-Unit
For Sale
$869,000
4749 W ARLINGTON PARK Dr, West Valley City, UT 84120
Residential, West Valley City, UT
Property Size4,000 SF
Lot Size0.20 Acres
Price / SF$217.25
Days on Market47
Property Features for 4749 W ARLINGTON PARK Dr
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Zoning
Multi-Family
Zoning description
RM
Bedrooms
8
Bathrooms
8
Full bathrooms
8
Rooms
Bedroom 5, Bedroom 6, Bathroom 2, Bathroom 7, Bathroom 8, Bedroom 2, Bedroom 8, Bathroom 5, Bedroom 7, Bedroom 3, Bedroom 1, Bathroom 1, Bathroom 3, Bathroom 4, Bedroom 4, Bathroom 6
Parking
12
Parking features
Covered
Window features
Blinds
Subdivision
PARK
Lot features
Fenced: Full, Road: Paved, Sidewalks, Sprinkler: Auto- Full, View: Mountain
Elementary school
Academy Park
Middle school
John F. Kennedy
High school
Hunter
Elementary school district
Granite
Middle school district
Granite
High school district
Granite
Standard status
Active
APN
21-06-353-006
Size
4,000 SF
Lot size
0.20 Acres
Taxes and HOA fees
Tax Annual Amount
4969
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas, Forced Air, Central
Amenities
in-unit laundry
ample storage
covered parking
uncovered parking
Building Details
Year built
1983
Number of units
4
Flooring type
Carpet, Linoleum, Tile
Building materials
Asbestos
Roof type
Asphalt
Architectural style
Other
Listing Agency:
Equity Real Estate (Premier Elite)
(801) 651-3071
Listed By:
Redis Farka
(801) 884-3839
Added: Jul 6
Changed: Aug 20
Last Checked: Aug 21 at 9:06AM
MLS# 2170031
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Investment Insights
Based on property information with market context.
This 1983 fourplex at 4749 W Arlington Park Dr in West Valley City contains 4,000 square feet on a 0.2-acre parcel. The condo-style residences provide two bedrooms and 1.5 baths, along with in-unit laundry and storage. Covered and uncovered parking serve the property, while forced-air central heating, an asphalt roof, public sewer, and a combination of carpet, linoleum, and tile flooring are among the existing features. The construction materials are asbestos, as identified in the property record.
The property is zoned Multi-Family and is located near schools, shopping, and transit in Salt Lake County. Two leases are month-to-month, while the other lease terms extend through February 2027 and June 2027. The owner pays water, sewer, and garbage; residents pay the remaining utilities. An adjacent fourplex is also identified as available under MLS# 2170030.
The property is zoned Multi-Family and is located near schools, shopping, and transit in Salt Lake County. Two leases are month-to-month, while the other lease terms extend through February 2027 and June 2027. The owner pays water, sewer, and garbage; residents pay the remaining utilities. An adjacent fourplex is also identified as available under MLS# 2170030.
Key Highlights
- Fourplex with 4,000 square feet on a 0.2‑acre parcel
- Each condo‑style residence includes 2 bedrooms and 1.5 baths
- In‑unit laundry and storage in every residence
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
$43,319
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
4.98%
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%
$866,380
$866.4K
Cap Rate 7%
$618,843
$618.8K
Cap Rate 9%
$481,322
$481.3K
Market Conditions
NOI Build-Up for 4,000 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
$64.8K $16.20/SF
− Vacancy
−$2.9K −$0.73/SF
EGI
$61.9K $15.47/SF
− OpEx
−$18.6K −$4.64/SF
NOI
$43.3K $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%
$866,380
Cap Rate 7%
$618,843
Cap Rate 9%
$481,322
Alternative Uses
Best Use
Multifamily LT 5
$618.8K
$541.5K – $722.0K
NOI $43,319 @ 7.0% cap · market cap 4.98%
Second Best
Apartment 5plus
$558.6K
$488.7K – $651.7K
NOI $39,099 @ 7.0% cap · market cap 4.50%
Theoretical Best
Office A
$1.15M
$1.00M – $1.34M
NOI $80,160 @ 7.0% cap · market cap 9.22%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
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
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Multi-family property with condo-style residences, covered parking, and access to schools, shopping, and transit.
Where is this quadplex located?
The property is located at 4749 W ARLINGTON PARK Dr West Valley City, UT.
What is the asking price?
The asking price for this property is $869,000.
What are key features of this property?
This property features: Fourplex with 4,000 square feet on a 0.2‑acre parcel; Each condo‑style residence includes 2 bedrooms and 1.5 baths; In‑unit laundry and storage in every residence
