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261 N REDWOOD W RD, Salt Lake City, UT 84116
$1,500,000
261 N REDWOOD W RD, Salt Lake City, UT 84116
Units
4
Price/Unit
$375,000
Price/Sqft
$536
Est Gross Yield
3.9%
$58,560/yr est.
Property Details
Unit Mix
| Type | Count | Beds | Baths | Sqft | Rent/Mo |
|---|---|---|---|---|---|
| Unit 1 | 1 | 0 | 0 | 700 | — |
| Unit 2 | 1 | 0 | 0 | 700 | — |
| Total | 2 | 0 | 0 | 1,400 | — |
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
4 Plex + Land Great development opportunity. 0.94 Acres. The value of this property is in the land for developing new homes or apartments. There are two different entryways to the property, one off of Redwood Road and the other off of Gemini Street. Great investment for 26 or more New townhomes to be built. There is a four-plex on the front of the land that brings in a monthly cash flow of around $4,000. Bring your builder, great location close to Trax. Figures are provided as a courtesy estimate only; the Buyer is advised to obtain independent measurements. DO NOT DISTURB TENANTS!! Seller is participating in a 1031; cooperation is requested. Broker/Agent Owned
Listed by Chereneh D Konold · Red Butte Realty
Location
261 N REDWOOD W RD, Salt Lake City, UT 84116
Proforma
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Cap Rate
0.95%
Cash-on-Cash
-9.94%
Cash Flow
-$4,658/mo
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Pro forma estimates are based on assumptions, not guaranteed, and should not be relied upon.
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© 2026 UtahRealEstate.com. All rights reserved. Based on information from the Wasatch Front Regional Multiple Listing Service, Inc. as of 7/17/2026, 12:01:36 AM. 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.