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563 S DENVER ST, Salt Lake City, UT 84111
$940,999
563 S DENVER ST, Salt Lake City, UT 84111
Units
4
Price/Unit
$235,250
Price/Sqft
$389
Est Gross Yield
9.6%
$90,336/yr est.
Property Details
Unit Mix
| Type | Count | Beds | Baths | Sqft | Rent/Mo |
|---|---|---|---|---|---|
| 2BR / 1BA | 2 | 2 | 1 | 644 | $1,900/mo |
| 2BR / 1BA | 2 | 2 | 1 | 567 | $1,650/mo |
| Total | 4 | 8 | 4 | 2,422 | $7,100/mo |
Unit mix data is reported by the seller or listing agent through the MLS and may be inaccurate or incomplete. Buyers should independently verify all information and conduct their own due diligence before making any investment decisions.
Description
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 Stephanie Aragon · Signature Group Real Estate
Location
563 S DENVER ST, Salt Lake City, UT 84111
Proforma
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Cap Rate
6.38%
Cash-on-Cash
4.55%
Cash Flow
$1,339/mo
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Pro forma estimates are based on assumptions, not guaranteed, and should not be relied upon.
DISCLAIMER: The information provided on this website, including property details, pricing, projections, and availability, is for informational purposes only and may change without notice. While Canovo Group, LLC strives to maintain accurate and up-to-date information, we do not guarantee its completeness or accuracy. Users should independently verify all information and property details, including availability and any leasing conditions, with the listing agent or property owner before making any decisions. Canovo Group, LLC is not responsible for any errors, omissions, or third-party content and makes no representations or warranties regarding the properties listed. Neither Canovo Group, LLC nor its affiliates are acting as your real estate agent or broker, nor do we represent or endorse any properties or parties unless expressly stated in a separate written agreement. This website is not an offer or solicitation to buy, sell, or lease any property. All transactions are the sole responsibility of the parties involved.
© 2026 UtahRealEstate.com. All rights reserved. Based on information from the Wasatch Front Regional Multiple Listing Service, Inc. as of 9/23/2026, 10:50:09 PM. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or the MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Listing data provided by UtahRealEstate.com.