Updated 4-Unit
New
For Sale
$1,200,000
922 S LAKE St, Salt Lake City, UT 84105
Residential, Salt Lake City, UT
Property Size3,208 SF
Lot Size0.19 Acres
Price / SF$374.06
Days on Market5
Property Features for 922 S LAKE St
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Zoning
Multi-Family
Bedrooms
8
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 2, Bedroom 6, Bedroom 3, Bathroom 2, Bedroom 4, Bedroom 8, Bathroom 4, Bedroom 1, Bedroom 5, Bedroom 7, Bathroom 1, Bathroom 3
Parking
4
Parking features
RV, Tandem, Covered
Window features
Blinds, Drapes
Patio and Porch features
Porch
Interior features
Disposal, Range/Oven: Free Stdng., Granite Countertops, Dishwasher: Built-In
Exterior features
Double Pane Windows, Porch: Open
Subdivision
HAMPTONS SUB
Lot features
Sidewalks, Sprinkler: Auto- Full
Elementary school
Emerson
Middle school
Clayton
High school
East
Elementary school district
Salt Lake
Middle school district
Salt Lake
High school district
Salt Lake
Standard status
Active
APN
16-08-155-017
Size
3,208 SF
Lot size
0.19 Acres
Additional Details
Individually Metered Utilities
gas, electricity
Taxes and HOA fees
Tax Annual Amount
6311
Utilities
Sewer type
Public Sewer
Heating system
Central, Forced Air, Natural Gas
Building Details
Year built
1962
Floors in Building
1
Number of units
4
Flooring type
Carpet, Tile, Linoleum
Building materials
Brick
Roof type
Asphalt
Architectural style
Other
Buildings
1
Listing Agency:
Windermere Real Estate
(801) 485-3151
Listed By:
Lisa Woodbury · License #UT 5683888-AB00
(801) 440-8809
Added: Oct 27
Changed: Oct 29
Last Checked: Oct 31 at 10:06PM
MLS# 2193277
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.
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Investment Insights
Based on property information with market context.
This 3,208-square-foot quadplex contains four side-by-side apartments of approximately 802 square feet each. Every unit has two bedrooms, one full bathroom, a living area, a dining area, a pantry and separate front and rear entrances. Kitchens include a range/oven, refrigerator and dishwasher. The brick building was constructed in 1962 and has double-pane windows and central air conditioning in all four units. Units 1, 2 and 4 have updated kitchens and bathrooms; newer furnaces are in Units 1 and 4.
The 0.19-acre property is zoned Multi-Family and has alley access from Lake Street and 700 East. Parking is provided beneath a four-car carport, with five storage closets and a separate shed on site. Liberty Park, the 9th & 9th district, Smith's grocery store, restaurants, shops and public transportation are identified nearby. The property also offers access to separate gas and electric meters, a low-maintenance yard, vinyl fencing and an automatic sprinkler system.
The 0.19-acre property is zoned Multi-Family and has alley access from Lake Street and 700 East. Parking is provided beneath a four-car carport, with five storage closets and a separate shed on site. Liberty Park, the 9th & 9th district, Smith's grocery store, restaurants, shops and public transportation are identified nearby. The property also offers access to separate gas and electric meters, a low-maintenance yard, vinyl fencing and an automatic sprinkler system.
Key Highlights
- Four apartments totaling 3,208 square feet; approximately 802 square feet per unit
- Each apartment has two bedrooms, one full bathroom, a dining area and separate front and rear entrances
- Updated kitchens and bathrooms in Units 1, 2 and 4; newer furnaces in Units 1 and 4
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
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
878
Businesses Nearby
Explore this area
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, a full bathroom, separate entrances and connections for a full-size washer and dryer.
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 totaling 3,208 square feet; approximately 802 square feet per unit; Each apartment has two bedrooms, one full bathroom, a dining area and separate front and rear entrances; Updated kitchens and bathrooms in Units 1, 2 and 4; newer furnaces in Units 1 and 4
