416 E Scott Ave, Salt Lake City, UT 84115

Salt Lake City
Local realty services provided by:Better Homes and Gardens Real Estate Momentum
416 E Scott Ave,Salt Lake City, UT 84115
$2,200,000
Virtual Tour
  • 18 Beds
  • 12 Baths
  • 8,958 sq. ft.
  • Multi-family
  • Active
Listed by: jill rustad
Office: mountainland realty, inc
MLS#:2162016
Source:SL

Price summary

  • Price:$2,200,000
  • Price per sq. ft.:$245.59

About this home

Investor Opportunity 6-Unit Multifamily Portfolio Rare opportunity to acquire three duplex buildings totaling six units with strong in-place income and meaningful rental upside. This well-maintained multifamily asset features updated interiors, spacious townhome-style floor plans, and a history of strong tenant demand, supporting stable occupancy and consistent cash flow. The property is currently operating at an approximate 4.66% cap rate with an estimated 35% expense ratio, providing immediate income for investors. Additional upside exists through rent growth, with market-supported rents projected at approximately $2,500 per unit, creating the potential to increase the cap rate to approximately 5.30% while further enhancing cash flow and overall asset value. Recent capital improvements and unit upgrades have positioned the property for continued performance while minimizing near-term maintenance requirements. The combination of large unit sizes, low-density configuration, strong...

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Home facts

  • Year built:1953
  • Listing ID #:2162016
  • Added:33 day(s) ago
  • Updated:July 05, 2026 at 11:21 AM

Rooms and interior

  • Bedrooms:18
  • Total bathrooms:12
  • Living area:8,958 sq. ft.

Structure and exterior

  • Year built:1953
  • Building area:8,958 sq. ft.
  • Lot area:0.66 Acres

Schools

  • High school:None/Other
  • Middle school:None/Other
  • Elementary school:None/Other

Finances and disclosures

  • Price:$2,200,000
  • Price per sq. ft.:$245.59
  • Tax amount:$11,797

Parking

  • Total parking spaces:10
  • Parking description:8-11 Car
  • Garage spaces:8
  • Carport spaces:2

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