For sale

Price cut: $20K (6/9)

$775,000

395 E Welby Ave, Salt Lake City, UT 84115

4beds

4baths

2,440sqft

$4,658/mo

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Quadruplex

Built in 1959

-- sqft lot

$764,900 Zestimate^®

$318/sqft

$-- HOA

What's special

New cabinetsNewer appliancesCentral airUpdated windowsUpdated bathrooms

This well-maintained fourplex at 385397 E Welby Ave offers a strong investment opportunity with four 1-bedroom, 1-bath units. Two units have been fully renovated with modern upgrades including new cabinets, countertops, flooring, fixtures, and updated bathrooms, while a third unit has been lightly renovated and remains in excellent condition. Each unit features central air, updated windows, washer/dryer hookups, and newer appliances, providing comfort and convenience for tenants. Situated in a desirable location, this property combines solid rental appeal with recent improvements, making it an attractive addition to any portfolio or a great first time 4-plex. Please call with any questions. Jacob Nielson (435) 851-0951.

127 days
111
6

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 4
Bathrooms: 4

Heating

Electric, Forced Air

Appliances

Laundry: Electric Dryer Hookup

Features

Flooring: Carpet
Windows: Blinds, Shades, Double Pane Windows
Has fireplace: No

Interior area

Total structure area: 2,440
Total interior livable area: 2,440 sqft

Property

Parking

Total spaces: 8
Uncovered spaces: 8

Features

Levels: One

Lot

Size: 0.26 Acres

Details

Parcel number: 1630253017
Zoning: R1

Construction

Type & style

Home type: MultiFamily
Property subtype: Quadruplex
Attached to another structure: Yes

Materials

Brick, Cinder Block
Roof: Membrane

Condition

Blt./Standing
New construction: No
Year built: 1959
Major remodel year: 1993

Utilities & green energy

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

Community & HOA

Community

Subdivision: Homefield Sub

HOA

Has HOA: No

Location

Region: Salt Lake City

Financial & listing details

Price per square foot: $318/sqft
Tax assessed value: $812,100
Annual tax amount: $4,933
Date on market: 4/24/2026
Listing terms: Cash,Conventional,1031 Exchange
Acres allowed for irrigation: 0
Electric utility on property: Yes

Estimated market value

$764,900

$727,000 - $803,000

$1,919/mo

Price history

Date	Event	Price
6/9/2026	Price change	$775,000-2.5%$318/sqft
Source: UtahRealEstate.com #2153289 Report a problem
4/24/2026	Listed for sale	$795,000$326/sqft
Source: UtahRealEstate.com #2153289 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$4,781 +2.4%	$446,655 +6.2%
2024	$4,668 +6%	$420,420 +6.8%
2023	$4,404 +10.7%	$393,800 +11.9%
2022	$3,977 +52%	$351,835 +54.8%
2021	$2,617 -1%	$227,315 +3.9%
2020	$2,644 +5.1%	$218,680 +8.2%
2019	$2,516 +3.2%	$202,070 +2.3%
2018	$2,437 -4.6%	$197,615 -45.2%
2017	$2,556 +4.6%	$360,400 +7.3%
2016	$2,444 +6%	$335,900 -10.1%
2015	$2,306 -16%	$373,500 +2.3%
2014	$2,744	$365,200 +38.5%
2013	--	$263,600 -0.6%
2012	--	$265,300 -3.7%
2011	--	$275,500 -1.1%
2010	--	$278,500 -1.5%
2009	--	$282,800 -2%
2008	$1,651	$288,500 -8.7%
2007	--	$316,100 +42.8%
2005	--	$221,300 +14.8%
2002	--	$192,800 -12%
2001	--	$219,000 -1.4%
2000	--	$222,000

Find assessor info on the county website

Monthly payment

Est. payment

Payment breakdown

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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.

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Climate risks

Neighborhood: 84115

Getting around

53 / 100

Somewhat Walkable

42 / 100

Some Transit

64 / 100

Bikeable

Nearby schools

GreatSchools rating

4/10
Woodrow Wilson School
Grades: PK-6Distance: 0.8 mi
3/10
Granite Park Junior High School
Grades: 6-8Distance: 0.3 mi
2/10
Cottonwood High School
Grades: 9-12Distance: 4.4 mi

Schools provided by the listing agent

Elementary: Lincoln
Middle: Granite Park
High: Cottonwood
District: Granite

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