Reconditioned Quadplex with Updated
For Sale
$784,900
850 N REDWOOD RD #5-8, Salt Lake City, UT 84116
Each unit includes laundry connections, updated PEX water service, and new heating and cooling equipment.
Property Size2,190 SF
Days on Market86
Property Features for 850 N REDWOOD RD #5-8
General Information
Standard status
Active
Size
2,190 SF
Property subtype
Quadruplex
Taxes and HOA fees
Annual Taxes
$2,781
Building Details
Building Size
2,190 SF
Year Built
1955
Tenancy
Multi
Listing Agency:
KW Utah Realtors Keller Williams (Brickyard)
(801) 326-8800
Listed By:
Tyler Tolbert
Source:
Acresutah
Added: May 11
Changed: Aug 4
Last Checked: Aug 4 at 3:53AM
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 KW Utah Realtors Keller Williams (Brickyard)
Investment Insights
Based on property information with market context.
Built in 1955, this four-unit residential income property offers a reconditioned layout with practical system updates throughout. Every unit includes hookups for a washer and dryer, new furnaces, and mini split A/C. PEX water service was installed for each unit in 2015, while the roof was replaced in 2021.
The property is identified as 850 N Redwood Rd #5-8 in Salt Lake City, Utah. The offering is structured for sale, with access to the units subject to inspection and tenant-privacy requirements. Seller financing may be available for a 12-month term with a strong offer.
The property is identified as 850 N Redwood Rd #5-8 in Salt Lake City, Utah. The offering is structured for sale, with access to the units subject to inspection and tenant-privacy requirements. Seller financing may be available for a 12-month term with a strong offer.
Key Highlights
- Four‑unit property at 850 N Redwood Rd #5‑8
- Roof replacement completed in 2021
- PEX water service installed per unit in 2015
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $44.2k | $20.16 |
| − Vacancy | −$2.4k | −$1.11 |
| EGI | $41.7k | $19.05 |
| − OpEx | −$12.5k | −$5.72 |
| NOI | $29.2k | $13.34 |
2,190 SF · lease $20.16/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$417.2K
$365.1K – $486.8K
NOI $29,205 @ 7.0% cap · market cap 3.72%
Second Best
Apartment 5plus
$387.6K
$339.1K – $452.2K
NOI $27,131 @ 7.0% cap · market cap 3.46%
Theoretical Best
Office A
$590.0K
$516.3K – $688.4K
NOI $41,301 @ 7.0% cap · market cap 5.26%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
418
Businesses Nearby
Explore this area
Business Placement
Demographics for 84116, UT
35,327
Population
14,487
Households
2.4
Avg Household Size
31
Median Age
24%
College-Educated
82%
High-School Grad
50.3 sq mi
ZIP Area
702
Density / Sq Mi
$69,604
Median Household Income
$38,492
Median Earnings
$1,280
Median Rent
$334,900
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 - Each unit includes laundry connections, updated PEX water service, and new heating and cooling equipment.
Where is this quadplex located?
The property is located at 850 N REDWOOD RD #5-8 Salt Lake City, UT.
What is the asking price?
The asking price for this property is $784,900.
What are key features of this property?
This property features: Four‑unit property at 850 N Redwood Rd #5‑8; Roof replacement completed in 2021; PEX water service installed per unit in 2015
