3219 540, Salt Lake City, UT 84106
8BD/—BA Residential in Salt Lake City, UT 84106. 3,600 sqft. Built 1964. Listed at $899,000. MLS #2166198.
8BD/—BA Residential in Salt Lake City, UT 84106. 3,600 sqft. Built 1964. Listed at $899,000. MLS #2166198.
Full inspection report and appraisal can be emailed upon request. Multifamily opportunity 4plex each offering 2 bedrooms, 1 bathroom, approximately 900 sq ft, and in-unit washers and dryers. Current rents are around $600 per unit, with market rents estimated at $1,350$1,650, offering strong upside. Major updates include new roofs, sewer lines, water heaters, and furnaces. Units are in good condition but previously landlord has not raised rents in years. Please call or text for questions. Video walkthrough for every unit can be sent upon request. Square footage figures are provided as a courtesy estimate only and were obtained from county records. Buyer is advised to obtain an independent measurement.
Property Type
Residential
Property Style
Quadruplex
Architectural Style
Up And Down
County
Salt Lake
Zoning
Multi-Family
Construction
Brick
Lot Size
0.14 sq ft
Condition
Blt./Standing
MLS #
2166198
Property Type
Residential
Property Style
Quadruplex
Architectural Style
Up And Down
County
Salt Lake
Zoning
Multi-Family
Construction
Brick
Lot Size
0.14 sq ft
Condition
Blt./Standing
MLS #
2166198
List Price
$899,000
Annual Taxes
$5,864
Home Warranty
No
List Price
$899,000
Annual Taxes
$5,864
Home Warranty
No
Heating
Forced Air,Gas: Central
Roof
Pvc
Flooring
Carpet,Tile
Materials
Brick
Laundry
Electric Dryer Hookup
Patio & Porch
Covered,Patio: Open
Water Source
Culinary
Sewer
Sewer: Connected,Sewer: Public
View
Mountain(s)
Heating
Forced Air,Gas: Central
Roof
Pvc
Flooring
Carpet,Tile
Materials
Brick
Laundry
Electric Dryer Hookup
Patio & Porch
Covered,Patio: Open
Water Source
Culinary
Sewer
Sewer: Connected,Sewer: Public
View
Mountain(s)
Covered Spaces
10
Total Parking
10
Covered Spaces
10
Total Parking
10
Why this is a deal
Classification
Great Deal (vs Similar)
Deal Score
92/100
vs Similar Homes
12% below
vs Market Median
16% below
Area Growth (YoY)
1.6%
Deal Score Breakdown
92/100 · 3 qualifying signals
Priced 16% below the per-subtype city median
LT net cashflow +$1,235/mo (+19.9% return on ownership cost) · STR net cashflow -$1,435/mo (-23.1% return). Uses the better of LT or STR against total monthly ownership cost (P&I, tax, insurance, HOA, maintenance).
Priced 12% below the median of similar listings
1.6% year-over-year ZHVI growth in this area
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
$8,449/mo
Range: $6,750 – $10,149
Net Monthly Cash Flow
+$1,235 /mo (+$14,819/yr)
Monthly rental income
Monthly ownership cost
Coverage
136%
Net /mo
+$1,235
DSCR
1.65
Est. Annual Revenue
$81,681/yr
$389/night · 39% occupancy · $132/bedroom · $0.42/sqft
Net Monthly Cash Flow
−$1,435 /mo (−$17,224/yr)
Monthly STR income
Monthly ownership cost
Coverage
110%
Net /mo
−$1,435
DSCR
1.06
Elementary
Woodrow WilsonMiddle School
Granite ParkHigh School
CottonwoodSchool District
Granite
Best Download
10 Gbps
Best Upload
10 Gbps
Fiber Available
Yes
Providers
15
Available Providers
$587,500
+53% vs median
39 days
660
$175,000 – $7,995,000
$5,864
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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