For sale

$890,000

2540 S 700 E, Salt Lake City, UT 84106

8beds

4baths

3,424sqft

$5,350/mo

Get pre-qualified

Quadruplex

Built in 1975

-- sqft lot

$854,700 Zestimate^®

$260/sqft

$-- HOA

What's special

Dedicated off-street driveway

Prime Sugar House FOURPLEX investment opportunity and immense value-add potential! Situated in one of Salt Lake City's most lucrative and high-demand rental pockets, this 4-unit complex offers unbeatable walkability to local boutique shopping, diverse dining options, Sugar House Park, and provides effortless commuting access to Westminster University and the University of Utah. A rare find for the area, this property features a dedicated off-street driveway leading to ample private parking at the back of the building, eliminating any street parking hassle for tenants. Portfolio Expansion: The adjacent duplex directly to the south (2544 S 700 E) is also listed for sale by the same owner, providing a premier opportunity to lock down a multi-building portfolio footprint. This fourplex parcel is being sold as part of a 1031 tax-deferred exchange. Buyer to verify all listing details, current lease terms, utilities, and square footage.

48 days

158

11

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 8
Bathrooms: 4

Heating

Forced Air

Appliances

Laundry: Electric Dryer Hookup

Features

Flooring: Carpet, Vinyl
Windows: Blinds
Has fireplace: No

Interior area

Total structure area: 3,424
Total interior livable area: 3,424 sqft

Property

Parking

Parking features: Open
Has uncovered spaces: Yes

Features

Fencing: Partial

Lot

Size: 6,534 Square Feet
Features: Drip Irrigation: Auto-Full

Details

Parcel number: 1620303007
Zoning: RMF-30
Zoning description: Multi-Family

Construction

Type & style

Home type: MultiFamily
Architectural style: Up And Down
Property subtype: Quadruplex
Attached to another structure: Yes

Materials

Brick
Roof: Asphalt

Condition

Blt./Standing
New construction: No
Year built: 1975
Major remodel year: 1992

Utilities & green energy

Sewer: Public Sewer, Sewer: Public
Water: Culinary
Utilities for property: Natural Gas Connected, Electricity Connected, Sewer Connected, Water Connected

Community & HOA

Community

Features: Sidewalks
Subdivision: Plat A

HOA

Has HOA: No

Location

Region: Salt Lake City

Financial & listing details

Price per square foot: $260/sqft
Tax assessed value: $853,600
Annual tax amount: $4,338
Date on market: 5/7/2026
Listing terms: Cash,Conventional,1031 Exchange,FHA,VA Loan
Inclusions: Range, Refrigerator
Acres allowed for irrigation: 0
Electric utility on property: Yes
Road surface type: Paved

Estimated market value

$854,700

$812,000 - $897,000

$2,095/mo

Price history

Date	Event	Price
6/19/2026	Listed for sale	$890,000$260/sqft
Source: UtahRealEstate.com #2166646 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$4,338 +3.3%	$469,480 +6.5%
2024	$4,201 +1.3%	$440,825 +5.1%
2023	$4,145 +5.3%	$419,265 +12.3%
2022	$3,936 +9.3%	$373,505 +20.8%
2021	$3,600 -1.8%	$309,320 +3.2%
2020	$3,664 -9.4%	$299,695 -3.7%
2019	$4,045 +13.2%	$311,245 +24%
2018	$3,574 +6.7%	$250,910 -42.2%
2017	$3,348 -1.5%	$433,900 +11%
2016	$3,400 +5.4%	$391,000 +11.2%
2015	$3,226 +5.4%	$351,500 -3.4%
2014	$3,060	$363,800 +12.1%
2013	--	$324,500 +59.1%
2002	--	$204,000
2001	--	$204,000
2000	--	$204,000

Find assessor info on the county website

Monthly payment

Est. payment

Payment breakdown

Explore the cost of this home by adjusting the details. Changes won't be saved.

Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included

All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.

HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.

Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.

See how much you could borrow to make a competitive offer.

Get pre-qualified

Climate risks

Neighborhood: Sugar House

Getting around

55 / 100

Somewhat Walkable

48 / 100

Some Transit

66 / 100

Bikeable

Nearby schools

GreatSchools rating

4/10
Nibley Park School
Grades: PK-8Distance: 0.4 mi
3/10
Innovations High School
Grades: 9-12Distance: 1.5 mi
7/10
Highland High School
Grades: 9-12Distance: 1.5 mi

Schools provided by the listing agent

Elementary: Highland Park
Middle: Hillside
High: Highland
District: Salt Lake

Source: UtahRealEstate.com. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.