416 E SCOTT AVE

Salt Lake City, UT 84115

18 Bedrooms

8,958 sq ft

0.6600 acres

Built 1953

8.00 Garage

23 DOM

About This Property

Investor Opportunity 6-Unit Multifamily Portfolio Rare opportunity to acquire three duplex buildings totaling six units with strong in-place income and meaningful rental upside. This well-maintained multifamily asset features updated interiors, spacious townhome-style floor plans, and a history of strong tenant demand, supporting stable occupancy and consistent cash flow. The property is currently operating at an approximate 4.66% cap rate with an estimated 35% expense ratio, providing immediate income for investors. Additional upside exists through rent growth, with market-supported rents projected at approximately $2,500 per unit, creating the potential to increase the cap rate to approximately 5.30% while further enhancing cash flow and overall asset value. Recent capital improvements and unit upgrades have positioned the property for continued performance while minimizing near-term maintenance requirements. The combination of large unit sizes, low-density configuration, strong in-place income, and clear value-add potential makes this an attractive opportunity for investors seeking both current yield and long-term appreciation. Buyer to verify all financial information, rental projections, and cap rate calculations."THREE DUPLEX buildings comprising SIX TOTAL UNITS, 416 Scott Avenue presents a compelling investment opportunity to acquire a well-maintained multifamily asset with high in-place income and significant upside potential. The property offers a desirable mix of UPDATED residences and spacious townhome-style layouts that appeal to long-term tenants and support strong occupancy. Recent capital improvements and unit enhancements have positioned the property for continued growth, while rental upside and additional value-add opportunities provide investors with a clear path to increased cash flow and long-term appreciation. The low-density configuration, oversized floor plans, and strong tenant demand further distinguish this asset from competing multifamily offerings in the market.