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416 E Scott Ave , Salt Lake City, UT 84115
$2,200,000
Est. Payment: $10,931.81/mo
18 Bed
12 Bath
8958 Sqft
Status: active | Days on site: 17
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VCR-C15903466 - VCR-C159091383,VCR-C159052275

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Agent profile image
Ardivus Brivity
Sooper Dooper Guy
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House Description

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 in-place income, and clear value-add potential makes this an attractive opportunity for investors seeking both current yield and long-term appreciation. Buyer to verify all financial information, rental projections, and cap rate calculations."THREE DUPLEX buildings comprising SIX TOTAL UNITS, 416 Scott Avenue presents a compelling investment opportunity to acquire a well-maintained multifamily asset with high in-place income and significant upside potential. The property offers a desirable mix of UPDATED residences and spacious townhome-style layouts that appeal to long-term tenants and support strong occupancy. Recent capital improvements and unit enhancements have positioned the property for continued growth, while rental upside and additional value-add opportunities provide investors with a clear path to increased cash flow and long-term appreciation. The low-density configuration, oversized floor plans, and strong tenant demand further distinguish this asset from competing multifamily offerings in the market.
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Highlights

Listed by Jill Rustad , 801-618-2331 Mountainland Realty, Inc , 801-785-5013. Wasatch Front Multiple Listing Service

Property Type

Multi-Family
Lot/Acreage
0.66

Year Built

1953

County

Salt Lake

Area

Salt Lake City; So. Salt Lake

 Neighborhood

Plat A

Listing ID

2162016

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Interior Features

Bedrooms and Bathrooms
  • ▪ Bedrooms:18
  • ▪ Bathrooms:12
  • ▪ Full Bathrooms:

Exterior Features

Lot Dimensions:0.0x0.0x0.0
Garage Capacity:10
Zoning:1206
Others:Blt./Standing
Principal Interest
$10,932
Taxes
$983

Home Price

$2,200,000

Loan Details

30 yrs
6.333%

Down Payment

20%
$440,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$10,931.81

Principal

Taxes

Principal Taxes HOA Total
Monthly $10,931.81 $983.08 $0.00 $11,914.89
Yearly $131,181.70 $11,797.00 $0.00 $142,978.70
Total $3,935,451.13 $353,910.00 $0.00 $4,289,361.13
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ardi preflender
A Lender
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Market insight data is pulled from the same city as the listing being viewed (Salt Lake City, UT).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Information deemed reliable but not guaranteed accurate. Buyer to verify all information.The multiple listing information is provided by Wasatch Front Regional Multiple Listing Service, Inc. from a copyrighted compilation of listings. The compilation of listings and each individual listing are © 2014 Wasatch Front Regional Multiple Listing Service, Inc., All Rights Reserved. The information provided is for consumers, personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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Data last updated: 2026-07-05T13:36:53.000Z

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