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$1,200,000
Est. payment /mo
6 Beds
4 Baths
3,475 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 3,475 sqft
Price per Sqft $345
MLS Listing ID 2085695
Style Stories: 2
Bedrooms 6
Construction Status Blt./Standing
HOA Y/N No
Year Built 1910
Annual Tax Amount $3,442
Lot Size 6,969 Sqft
Acres 0.16
Lot Dimensions 0.0x0.0x0.0
Property Sub-Type Quadruplex
Property Description
465 E 6th Avenue is a well-maintained 3,475 SF fourplex nestled in the heart of The Avenues, one of Salt Lake City's most desirable and historic neighborhoods. Built in 1910, this charming property seamlessly blends timeless architectural character with thoughtful, modern updates. Its prime location offers tenants walkable access to top-tier dining, shopping, and entertainment options. The property includes four distinct units: one studio, one 1BD/1BA, and two very large 2BD units, each over 1,400 SF. One even has an extra half bath. Each unit has seen significant updates under current ownership, while preserving the building's original character. Additional features include covered parking at the rear of the property and a brand-new roof installed in 2021. RECENT CAPITAL IMPROVEMENTS INCLUDE: Unit 1 (Upstairs): Newer windows and electrical upgrades (2019) Unit 2 (Upstairs): Updated bathroom plumbing Unit 3 (Basement): Bathroom remodel (2019) Interior renovation (2024) Updated windows, paint, and trim Studio Unit (Rear): New electrical panel (2019) Building-Wide: New roof (2021) New water heater servicing all units (2020) New soffits and fascia (2025) FINANCIAL HIGHLIGHTS & VALUE-ADD POTENTIAL According to Rentometer, current average rents in the area are approximately: Studio: $1,272 1BD: $1,489 2BD: $2,500 The subject property currently leases units at an average of $975 (studio), $1,025 (1BD), and $1,747 (2BD), leaving room for rental increases through strategic adjustments. With below-market rents, updated units, and desirable amenities, investors have a clear opportunity to enhance returns through continued modernization and proactive management. Seller Financing Not Available
Location
State UT
County Salt Lake
Area Salt Lake City: Avenues Area
Interior
Fireplace false
Exterior
View Y/N No
Present Use Residential
Private Pool false
Building
New Construction No
Construction Status Blt./Standing
Schools
Elementary Schools None/Other
Middle Schools None/Other
High Schools None/Other
Others
Senior Community No
Tax ID 09-31-427-005
Horse Property No
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Listed by Pathway Properties, LLC