1012 S WEST TEMPLE, Salt Lake City, UT 84101

• 4 beds |
• 4 baths |
• 2,000 sqft

Property Description

Great fourplex in downtown Salt Lake City location with immediate upside and clean renovations throughout. The property was previously generating $5,214 per month across all four units prior to Unit #1 becoming vacant - creating a turnkey move-in or lease-up opportunity for the next owner. Unit #1 has been fully refreshed with new LVP flooring, fresh paint, an updated bathroom vanity, and brand new stainless steel appliances. Re-leasing Unit #1 brings the property right back to its prior income on day one. All units are one bed, one bath with a full kitchen, and every unit has been renovated with new kitchens, updated LVP flooring, fresh interior paint, and modern light fixtures - creating a cohesive, turnkey feel that appeals to tenants and supports long-term performance. The exterior has seen significant improvements as well, including new windows, shutters, updated paint, new rain gutters, and refreshed landscaping. Operations are straightforward with separately metered power and gas for each unit, an off-street parking lot in the rear, and an on-site coin-operated washer and dryer providing additional variable income. Lease expirations are staggered across April, June, and August - offering a clear path to gradually optimize rents over time. Zoned RMF-35 and ideally positioned near the Ballpark redevelopment area, the property sits just minutes from downtown with quick access to major freeways, dining, and entertainment. Whether you're an investor looking to stabilize a nearly full asset or an owner-occupant ready to live in a freshly remodeled unit while the others cover your mortgage - opportunities like this don't come around often. Showings of Unit #1 are available now. Occupied units will be shown upon an accepted offer. Please do not disturb tenants. Buyer to verify all information. One of the owners is a licensed real estate agent. Square footage figures are provided as a courtesy estimate only. Buyer is advised to obtain an independent measurement.

Listing Status:

Active

Date Added:

April 1, 2026

Data Last Updated:

June 26, 2026 at 1:42PM

Listing Office:

Doorstep Realty LLC : 801-699-1318

Listing Agent:

Kaeden A Faulkner : 801-671-9099

MLS ID:

2147286

Interior

• Flooring: CarpetTile

Exterior

• General: LightingPorch: Open
• Style: Stories: 2
• Parking: Parking: UncoveredParking spaces: 0

Construction

• Roofing: Asphalt
• Windows: Blinds
• General: Blt./Standing

Location

• Originating MLS: UtahRealEstate.com
• School District: Salt Lake
• County: Salt Lake

Lot

• Landscaping: Landscaping: Full
• Zoning: Multi-Family15-12-427-023
• Current Use: Residential

Utilities

• Utilities: Natural Gas ConnectedElectricity ConnectedSewer: PublicWater Connected
• Sewer: Sewer: Public

Financial

• Source: UtahRealEstate.com