Updated Fourplex with
New
For Sale
$1,200,000
922 S LAKE ST, Salt Lake City, UT 84105
Each residence has two bedrooms, laundry connections, separate entrances, and central air conditioning.
Property Size1 SF
Price / SF$374.06
Days on Market7
Property Features for 922 S LAKE ST
General Information
Standard status
Active
Size
1 SF
Total Parking Spaces
4
Property subtype
Quadruplex
Site & Location
Neighborhood
East Liberty Park
Public Transit
Yes
Utilities to Site
Yes
Units
Unit Mix
4 x 2BR/1BA
Multifamily Units
4
Individually Metered Utilities
gas, electricity
Amenities
low-maintenance yard
new vinyl fence
automatic sprinkler system
storage closets
storage shed
central air conditioning
Building Details
Building Size
1 SF
Year Built
1962
Listing Agency:
Windermere Real Estate
(801) 485-3151
Listed By:
Lisa Woodbury · License #UT 5683888-AB00
(801) 440-8809
Source:
Liftrealty
Added: Oct 27
Changed: Nov 1
Last Checked: Nov 1 at 4:59AM
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 Windermere Real Estate
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Investment Insights
Based on property information with market context.
This 1962 fourplex contains four apartments of approximately 802 square feet each, with matching two-bedroom, one-bath layouts. Living areas, kitchens with dining space, pantry storage, and connections for full-size washers and dryers are included in each unit. Separate front and rear entrances serve the apartments. Units 1, 2, and 4 have remodeled kitchens and bathrooms, while Units 1 and 4 also have newer furnaces. Central air conditioning serves all four homes.
The brick building has separate gas and electric meters. Site features include a low-maintenance yard, vinyl fencing, an automatic sprinkler system, and a four-car carport reached from the alley. Five storage closets and a separate shed provide additional storage. Liberty Park, grocery shopping, restaurants, coffee shops, and public transportation are identified as nearby amenities in the 9th & 9th area.
The brick building has separate gas and electric meters. Site features include a low-maintenance yard, vinyl fencing, an automatic sprinkler system, and a four-car carport reached from the alley. Five storage closets and a separate shed provide additional storage. Liberty Park, grocery shopping, restaurants, coffee shops, and public transportation are identified as nearby amenities in the 9th & 9th area.
Key Highlights
- Four apartments, each approximately 802 square feet with two bedrooms and one bathroom
- Kitchens and bathrooms updated in Units 1, 2, and 4; newer furnaces in Units 1 and 4
- Central air conditioning in all four units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$42,781
Cap Rate
3.57%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$855,620
$855.6K
Cap Rate 7%
$611,157
$611.2K
Cap Rate 9%
$475,344
$475.3K
Market Conditions
NOI Build-Up for 3,208 SF
Gross rent
$64.7K $20.16/SF
− Vacancy
−$3.6K −$1.11/SF
EGI
$61.1K $19.05/SF
− OpEx
−$18.3K −$5.72/SF
NOI
$42.8K $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%
$855,620
Cap Rate 7%
$611,157
Cap Rate 9%
$475,344
Alternative Uses
Best Use
Multifamily LT 5
$611.2K
$534.8K – $713.0K
NOI $42,781 @ 7.0% cap · market cap 3.57%
Second Best
Apartment 5plus
$567.7K
$496.8K – $662.4K
NOI $39,742 @ 7.0% cap · market cap 3.31%
Theoretical Best
Office A
$864.3K
$756.3K – $1.01M
NOI $60,500 @ 7.0% cap · market cap 5.04%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
4
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
878
Businesses Nearby
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Business Placement
Demographics for 84105, UT
22,856
Population
10,953
Households
2.1
Avg Household Size
35
Median Age
66%
College-Educated
97%
High-School Grad
3.1 sq mi
ZIP Area
7,373
Density / Sq Mi
$94,145
Median Household Income
$52,785
Median Earnings
$1,482
Median Rent
$632,200
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 - Each residence has two bedrooms, laundry connections, separate entrances, and central air conditioning.
Where is this quadplex located?
The property is located at 922 S LAKE ST Salt Lake City, UT.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Four apartments, each approximately 802 square feet with two bedrooms and one bathroom; Kitchens and bathrooms updated in Units 1, 2, and 4; newer furnaces in Units 1 and 4; Central air conditioning in all four units
