1012 WEST TEMPLE, Salt Lake City, UT 84101
4BD/—BA Residential in Salt Lake City, UT 84101. 2,000 sqft. Built 1897. Listed at $849,999. MLS #2147286.
4BD/—BA Residential in Salt Lake City, UT 84101. 2,000 sqft. Built 1897. Listed at $849,999. MLS #2147286.
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.
Property Type
Residential
Property Style
Quadruplex
Architectural Style
Stories: 2
County
Salt Lake
Zoning
Multi-Family
Lot Size
0.1 sq ft
Condition
Blt./Standing
MLS #
2147286
Property Type
Residential
Property Style
Quadruplex
Architectural Style
Stories: 2
County
Salt Lake
Zoning
Multi-Family
Lot Size
0.1 sq ft
Condition
Blt./Standing
MLS #
2147286
List Price
$849,999
Annual Taxes
$2,998
Home Warranty
No
List Price
$849,999
Annual Taxes
$2,998
Home Warranty
No
Roof
Asphalt
Flooring
Carpet,Tile
Patio & Porch
Porch: Open
Sewer
Sewer: Public
Roof
Asphalt
Flooring
Carpet,Tile
Patio & Porch
Porch: Open
Sewer
Sewer: Public
Covered Spaces
0
Total Parking
0
Covered Spaces
0
Total Parking
0
Why this is a deal
Classification
Great Deal (vs Similar)
Deal Score
75/100
vs Similar Homes
12% below
vs Market Median
58% above
Area Growth (YoY)
-0.3%
Deal Score Breakdown
75/100 · 1 qualifying signal
Priced 12% below the median of similar listings
Priced 58% above the per-subtype city median
-0.3% year-over-year ZHVI growth in this area
LT net cashflow -$1,573/mo (-27.8% return on ownership cost) · STR net cashflow -$3,112/mo (-55.1% return). Uses the better of LT or STR against total monthly ownership cost (P&I, tax, insurance, HOA, maintenance).
No price reduction from original list
Ensemble scoring: the best single signal sets the floor, secondary qualifying signals (≥60) each add 5 points up to +20. A home that strongly wins on one dimension is already a great deal — it doesn't need to tick every box.
Why this classification
Monthly Rent
$4,633/mo
Range: $3,680 – $5,586
Net Monthly Cash Flow
−$1,573 /mo (−$18,876/yr)
Monthly rental income
Monthly ownership cost
Coverage
82%
Net /mo
−$1,573
DSCR
0.96
Est. Annual Revenue
$43,506/yr
$389/night · 39% occupancy · $132/bedroom · $0.42/sqft
Net Monthly Cash Flow
−$3,112 /mo (−$37,350/yr)
Monthly STR income
Monthly ownership cost
Coverage
64%
Net /mo
−$3,112
DSCR
0.59
Best Download
10 Gbps
Best Upload
10 Gbps
Fiber Available
Yes
Providers
14
Available Providers
$585,000
+45% vs median
39 days
659
$175,000 – $7,995,000
$2,998
High Crime
28.7
per 1,000
83.9
per 1,000
34.5
per 1,000
147.1
per 1,000
National rates use FBI UCR Index Crimes. Local rates use NIBRS which may include additional offense categories.
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