1470 EDISON, Salt Lake City, UT 84115
6BD/—BA Residential in Salt Lake City, UT 84115. 2,726 sqft. Built 1923. Listed at $930,000. MLS #2154984.
6BD/—BA Residential in Salt Lake City, UT 84115. 2,726 sqft. Built 1923. Listed at $930,000. MLS #2154984.
Turnkey investment fourplex in Salt Lake City's Ballpark neighborhood, walking distance to Salt Lake Community College's South City Campus and two blocks from Smith's Ballpark. The Ballpark site is being redeveloped under the city's Ballpark Next plan (cra.slc.gov/ballparknext), adopted in December 2025, with rezoning approved in March 2026 and groundbreaking targeted for mid to late 2026. The plan includes a new library, approximately 400 multifamily units, 60 senior housing units, a 125-room hotel, 75,000 square feet of retail, and a new fire station. Updated throughout: kitchens, bathrooms, flooring, and many of the windows. Separate gas and electric meters in each unit. Two units have Google Fiber. Seven off-street parking spaces in the lot behind the building. A 690 square foot cellar with five 5x8 storage compartments can be rented to tenants for $25 each per month. Mountain views. Easy access to downtown, Liberty Park, Trax, freeways, and the airport. 3D Tour walks through all four units. Buyer to verify all information.
Property Type
Residential
Property Style
Quadruplex
Architectural Style
Stories: 2
Subdivision
CAPITOL
County
Salt Lake
Zoning
Multi-Family, Commercial
Construction
Brick,Cedar
Lot Size
0.16 sq ft
Condition
Blt./Standing
MLS #
2154984
Property Type
Residential
Property Style
Quadruplex
Architectural Style
Stories: 2
Subdivision
CAPITOL
County
Salt Lake
Zoning
Multi-Family, Commercial
Construction
Brick,Cedar
Lot Size
0.16 sq ft
Condition
Blt./Standing
MLS #
2154984
List Price
$930,000
Annual Taxes
$4,479
Home Warranty
No
List Price
$930,000
Annual Taxes
$4,479
Home Warranty
No
Heating
Forced Air,Gas: Central
Roof
Asphalt
Flooring
Carpet,Laminate,Tile
Materials
Brick,Cedar
Laundry
Gas Dryer Hookup
Water Source
Culinary
Sewer
Sewer: Connected,Sewer: Public
View
Mountain(s)
Heating
Forced Air,Gas: Central
Roof
Asphalt
Flooring
Carpet,Laminate,Tile
Materials
Brick,Cedar
Laundry
Gas Dryer Hookup
Water Source
Culinary
Sewer
Sewer: Connected,Sewer: Public
View
Mountain(s)
Covered Spaces
0
Total Parking
7
Covered Spaces
0
Total Parking
7
Why this is a deal
Classification
Great Deal (vs Similar)
Deal Score
95/100
vs Similar Homes
22% below
vs Market Median
8% above
Area Growth (YoY)
-0.1%
Deal Score Breakdown
95/100 · 1 qualifying signal
Priced 22% below the median of similar listings
Priced 8% above the per-subtype city median
-0.1% year-over-year ZHVI growth in this area
STR net cashflow -$2,640/mo (-41.8% 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
Est. Annual Revenue
$63,101/yr
$395/night · 39% occupancy · $131/bedroom · $0.43/sqft
Net Monthly Cash Flow
−$2,640 /mo (−$31,684/yr)
Monthly STR income
Monthly ownership cost
Coverage
83%
Net /mo
−$2,640
DSCR
0.78
Best Download
10 Gbps
Best Upload
10 Gbps
Fiber Available
Yes
Providers
14
Available Providers
$575,000
+62% vs median
55 days
621
$184,000 – $7,995,000
$4,479
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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