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Mahonry Aquino

mahoaq@outlook.com +1(801) 709-3046

$ 875,000

Est. payment -/mo

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Price Dropped by $74K

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 $437

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

Great fourplex in downtown Salt Lake City location with immediate upside and clean renovations throughout. The property was previously generating $5,214 per month across all four units prior to Unit #1 becoming vacant - creating a turnkey move-in or lease-up opportunity for the next owner. Unit #1 has been fully refreshed with new LVP flooring, fresh paint, an updated bathroom vanity, and brand new stainless steel appliances. Re-leasing Unit #1 brings the property right back to its prior income on day one. All units are one bed, one bath with a full kitchen, and every unit has been renovated with new kitchens, updated LVP flooring, fresh interior paint, and modern light fixtures - creating a cohesive, turnkey feel that appeals to tenants and supports long-term performance. The exterior has seen significant improvements as well, including new windows, shutters, updated paint, new rain gutters, and refreshed landscaping. Operations are straightforward with separately metered power and gas for each unit, an off-street parking lot in the rear, and an on-site coin-operated washer and dryer providing additional variable income. Lease expirations are staggered across April, June, and August - offering a clear path to gradually optimize rents over time. Zoned RMF-35 and ideally positioned near the Ballpark redevelopment area, the property sits just minutes from downtown with quick access to major freeways, dining, and entertainment. Whether you're an investor looking to stabilize a nearly full asset or an owner-occupant ready to live in a freshly remodeled unit while the others cover your mortgage - opportunities like this don't come around often. Showings of Unit #1 are available now. Occupied units will be shown upon an accepted offer. Please do not disturb tenants. Buyer to verify all information. One of the owners is a licensed real estate agent. Square footage figures are provided as a courtesy estimate only. Buyer is advised to obtain an independent measurement.

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

Mahonry Aquino

Professional Realtor | License ID: 9481979

+1(801) 709-3046

Mahonry Aquino

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