563 S DENVER ST
Multi-Family $ 940,999

563 S DENVER ST

Salt Lake City, UT 84111

  • 8 Beds
  • 4 Baths
  • 2,422 SqFt
  • 3,049 Lot Size
  • 1928 Year Built
Discover a rare 4-plex investment opportunity in the heart of Salt Lake City, ideally located near downtown shopping, dining, entertainment, employment centers, and major public transportation routes. Extensively rebuilt and remodeled in 2023, the property offers the appeal of an established multifamily asset with substantial interior updates, including replaced plumbing and electrical systems throughout the units. Each unit is separately metered, helping simplify utility management for an investor. Units 1 and 4 feature mini-split heating and cooling systems and no gas appliances, while Units 2 and 3 are equipped with traditional central HVAC systems with gas heat. The current tenancy also provides flexibility for a new owner. Unit 1 is vacant and available for immediate viewing, creating an opportunity for an owner-occupant or for a new tenant to be placed at the buyer's discretion. Units 2 and 3 are currently occupied, with tenants anticipated to remain, and Unit 4 is currently vacant . This combination offers both existing rental income and flexibility moving forward. Updated interiors, functional layouts, separate metering, and a highly accessible Salt Lake City location make this a compelling addition to an investment portfolio. The property is currently professionally managed, with additional management and lease information available upon request. Please do not disturb tenants. Showings of the vacant unit may be scheduled through Aligned with verified appointments; additional access instructions will be provided as appropriate. Buyer to verify all rental information, lease terms, utilities, zoning/use, and property information to buyer's satisfaction. Square footage figures are provided as a courtesy estimate only; buyer is advised to obtain an independent measurement.
Listed by Signature Group Real Estate

PROPERTY DETAIL

  • Key Details

    Property Type Multi-Family

    Sub Type Quadruplex

    Listing Status Pending

    Purchase Type For Sale

    Square Footage 2, 422 sqft

    Price per Sqft $388

    Subdivision Plat B

    MLS Listing ID 2186996

    Style Up And Down

    Bedrooms 8

    Construction Status Blt./Standing

    HOA Y/N No

    Year Built 1928

    Annual Tax Amount $6,249

    Lot Size 3,049 Sqft

    Acres 0.07

    Lot Dimensions 0.0x0.0x0.0

    Property Sub-Type Quadruplex

  • Location

    State UT

    County Salt Lake

    Area Salt Lake City; So. Salt Lake

    Zoning Multi-Family

  • Building

    Sewer Sewer: Connected, Sewer: Public

    Water Culinary

    Architectural Style Up And Down

    Structure Type Brick

    New Construction No

    Construction Status Blt./Standing

  • Interior

    Heating Forced Air

    Flooring Vinyl

    Fireplace No

  • Exterior

    Utilities Available Natural Gas Connected, Electricity Connected, Sewer Connected, Sewer: Public, Water Connected

    View Y/N No

    Roof Type Asphalt

    Present Use Residential

    Private Pool No

  • Schools

    Elementary Schools Bennion (M Lynn)

    Middle Schools Bryant

    High Schools Highland

    School District Salt Lake

  • Others

    Senior Community No

    Tax ID 16-06-455-016

    Acceptable Financing Cash, Conventional, FHA, VA Loan

    Listing Terms Cash, Conventional, FHA, VA Loan

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