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Kristopher Larson

info@bestutahrealestate.com +1(435) 773-3942

$ 949,000

Est. payment -/mo

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Active

1012 S WEST TEMPLE Salt Lake City, UT 84101

4 Beds

4 Baths

2,000 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

Square Footage 2,000 sqft

Price per Sqft $474

MLS Listing ID 2147286

Style Stories: 2

Bedrooms 4

Construction Status Blt./Standing

HOA Y/N No

Year Built 1897

Annual Tax Amount $2,998

Lot Size 4,356 Sqft

Acres 0.1

Lot Dimensions 0.0x0.0x0.0

Property Sub-Type Quadruplex

Property Description

Strong cash-flowing fourplex in a prime downtown Salt Lake City location with additional upside and clean renovations throughout. The property currently generates $5,214 per month in rental income, with an added income stream from an on-site coin-operated washer and dryer, providing additional variable revenue beyond the in-place rents. All units have been renovated, including new kitchens, updated LVP flooring throughout, fresh interior paint, and modern light fixtures. The upgrades across all units creates a cohesive, turnkey feel that appeals to tenants and supports long-term performance. The exterior has also seen significant improvements, including new windows, shutters, updated paint, and new rain gutters, along with refreshed landscaping that enhances the property's curb appeal and overall presence. Operations are straightforward with separately metered power and gas for each unit, and tenants benefit from an off-street parking lot in the rear in addition to street parking. The lease structure is well-positioned for future growth, with expirations staggered at the end of April, June, and August-creating a clear path to gradually increase rents and optimize income over time. The property sits within an RMF-35 zoning designation, supporting multi-family use and offering long-term flexibility in line with Salt Lake City Corporation guidelines. Ideally positioned near the Ballpark redevelopment area, the location continues to see strong investment and growth. Located just minutes from downtown, the property is surrounded by popular local spots like Lucky 13 and Publik Coffee Roasters, with quick access to major freeways, dining, and entertainment. Opportunities like this-renovated, income-producing assets with additional upside in a central location-don't come around often. Property is currently fully occupied. Please do not disturb tenants. Showings and inspections will be scheduled upon accepted offer. Buyer to verify all information, including square footage. One of the owners is a licensed real estate agent.

Location

State UT

County Salt Lake

Area Salt Lake City; So. Salt Lake

Zoning Multi-Family

Interior

Flooring Carpet, Tile

Inclusions Dryer, Range Hood, Refrigerator, Washer, Video Camera(s)

Fireplace No

Window Features Blinds

Exterior

Exterior Feature Lighting, Porch: Open

Utilities Available Natural Gas Connected, Electricity Connected, Sewer: Public, Water Connected

View Y/N No

Roof Type Asphalt

Present Use Residential

Porch Porch: Open

Private Pool No

Building

Sewer Sewer: Public

Architectural Style Stories: 2

New Construction No

Construction Status Blt./Standing

Schools

Elementary Schools Liberty

Middle Schools Clayton

High Schools Highland

School District Salt Lake

Others

Senior Community No

Tax ID 15-12-427-023

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Listed by Doorstep Realty LLC

Kristopher Larson

Agent | License ID: 11235858-SA

+1(435) 773-3942 | info@bestutahrealestate.com

Kristopher Larson

1012 S WEST TEMPLE Salt Lake City, UT 84101

Key Details

Location

Interior

Exterior

Building

Schools

Others

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1012 S WEST TEMPLE