USAUTSouth Salt LakePlat a416 E Scott Ave

416 E Scott Ave, South Salt Lake, UT

House

For Sale

Listed price in listed location currency (USD).

$2,200,000

181210

MLS® 2162016

Key Facts
Description
Map

Key Facts

Type Multi Family

Levels Residential

Size 8958 sqft

Garage Yes

Taxes $11,797

Days Active 19

Lot Size 0.66 Acres

Approx. Age 1953

Avg. Price Per Sqft $245

MLS® Number 2162016

Property Address: 416 E Scott Ave, South Salt Lake, UT, 84115-4962

Average square foot calculated using Size range provided by listing agent.

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.

MLS® Number2162016

Laundry Level

Central VacNo

FireplaceNo

Acreage

Exterior

GarageYes

Approx. Age1953

Basement

Driveway

Garage Spaces

Heat

A/C

Extras

Price History

-End Date

Not Sold YetSold Price

For Sale

Jun 1, 2026List Date

$2,200,000List Price

Commute

Commute

Starting Address

Destination Address

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