395 WELBY, South Salt Lake, UT 84115
4BD/—BA Residential in South Salt Lake, UT 84115. 2,440 sqft. Built 1959. Listed at $795,000. MLS #2153289.
4BD/—BA Residential in South Salt Lake, UT 84115. 2,440 sqft. Built 1959. Listed at $795,000. MLS #2153289.
This well-maintained fourplex at 385397 E Welby Ave offers a strong investment opportunity with four 1-bedroom, 1-bath units. Two units have been fully renovated with modern upgrades including new cabinets, countertops, flooring, fixtures, and updated bathrooms, while a third unit has been lightly renovated and remains in excellent condition. Each unit features central air, updated windows, washer/dryer hookups, and newer appliances, providing comfort and convenience for tenants. Situated in a desirable location, this property combines solid rental appeal with recent improvements, making it an attractive addition to any portfolio or a great first time 4-plex. Please call with any questions. Jacob Nielson (435) 851-0951.
Property Type
Residential
Property Style
Quadruplex
Architectural Style
Stories: 1
Subdivision
HOMEFIELD SUB
County
Salt Lake
Construction
Brick,Cinder Block
Lot Size
0.26 sq ft
Condition
Blt./Standing
MLS #
2153289
Property Type
Residential
Property Style
Quadruplex
Architectural Style
Stories: 1
Subdivision
HOMEFIELD SUB
County
Salt Lake
Construction
Brick,Cinder Block
Lot Size
0.26 sq ft
Condition
Blt./Standing
MLS #
2153289
List Price
$795,000
Annual Taxes
$4,933
Home Warranty
No
List Price
$795,000
Annual Taxes
$4,933
Home Warranty
No
Heating
Electric,Forced Air
Roof
Membrane
Flooring
Carpet
Materials
Brick,Cinder Block
Laundry
Electric Dryer Hookup
Water Source
Culinary
Sewer
Sewer: Connected
Heating
Electric,Forced Air
Roof
Membrane
Flooring
Carpet
Materials
Brick,Cinder Block
Laundry
Electric Dryer Hookup
Water Source
Culinary
Sewer
Sewer: Connected
Covered Spaces
0
Total Parking
8
Covered Spaces
0
Total Parking
8
Why this is a deal
Classification
Great Deal (vs Similar)
Deal Score
95/100
vs Similar Homes
27% below
vs Market Median
25% above
Area Growth (YoY)
1.2%
Deal Score Breakdown
95/100 · 1 qualifying signal
Priced 27% below the median of similar listings
1.2% year-over-year ZHVI growth in this area
Priced 25% above the per-subtype city median
STR net cashflow -$2,504/mo (-46.1% 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
Est. Annual Revenue
$50,202/yr
$395/night · 39% occupancy · $131/bedroom · $0.43/sqft
Net Monthly Cash Flow
−$2,505 /mo (−$30,062/yr)
Monthly STR income
Monthly ownership cost
Coverage
77%
Net /mo
−$2,504
DSCR
0.74
Elementary
LincolnMiddle School
Granite ParkHigh School
CottonwoodSchool District
Granite
Best Download
10 Gbps
Best Upload
10 Gbps
Fiber Available
Yes
Providers
14
Available Providers
$472,340
+68% vs median
64 days
33
$190,700 – $715,000
$4,933
High Crime
29.1
per 1,000
89.6
per 1,000
61.5
per 1,000
180.2
per 1,000
National rates use FBI UCR Index Crimes. Local rates use NIBRS which may include additional offense categories.
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