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549 E STRINGHAM S AVE photo 11 / 28

$1,085,000

549 E STRINGHAM S AVE, Salt Lake City, UT 84106

Units

4

Price/Unit

$271,250

Price/Sqft

$332

Est Gross Yield

8.2%

$88,944/yr est.

Property Details

Property typeFourplex
Year built1970
Total units4
Living area3,272 sqft
Bedrooms8
Bathrooms4
Lot size0.18 acres
Parking8 spaces
Days on market2
Listed2026-06-15T00:00:00+00:00

Unit Mix

TypeCountBedsBathsSqftRent/Mo
2BR / 1BA121819$1,400/mo
2BR / 1BA121819$1,350/mo
2BR / 1BA121817$1,295/mo
2BR / 1BA121817$1,295/mo
Total4843,272$5,340/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

Don't miss this outstanding opportunity to own a well-maintained fourplex in the highly desirable Sugar House area, known for its quiet residential streets, strong rental demand, and convenient access to shopping, dining, and public transportation. Ideally located near the TRAX station, this property offers excellent connectivity while maintaining the charm of an established neighborhood. This multifamily property features four 2-bedroom, 1-bathroom units, each offering a comfortable layout with a spacious living area, kitchen, dining space, and in-unit laundry. A major advantage for investors is the property's utility structure: tenants are responsible for their own gas and electricity, while the owner pays for water, sewer, and garbage, helping simplify management and operating expenses. The property also includes one covered carport parking space per unit, along with additional storage areas for tenant convenience. The durable brick exterior and established grounds contribute to the property's long-term appeal and low-maintenance ownership. Whether you're looking to expand your investment portfolio or secure a dependable income-producing asset, this fourplex presents an excellent opportunity in one of Salt Lake City's most sought-after neighborhoods, offering strong rental demand and long-term growth potential.

Listed by Maria Barraza-Rodriguez · Conrad Cruz Real Estate Services, LLC

Location

549 E STRINGHAM S AVE, Salt Lake City, UT 84106

Proforma

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Cap Rate

5.45%

Cash-on-Cash

2.07%

Cash Flow

$701/mo

Purchase Price$1,085,000
Down Payment35% ($379,750)
Interest Rate6.00%
Monthly Rent$7,412/mo
Vacancy5%
Expense Ratio30% ($25,349)

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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 6/17/2026, 8:06:42 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.