1012 S West Temple
Salt Lake City, UT 84101
MLS #2147286

Quadruplex for Sale

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.