2540 S 700 E, Millcreek, UT 84106
PLAT A · Salt Lake County
Key Facts
Description
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.
Property Information
Property Type
Residential
Sub-Type
Quadruplex
Style
Up And Down
Year Built
1975
Living Area
3,424 sq ft
Lot Size
0.15 acres
Lot Dimensions
0.0x0.0x0.0
Zoning
Multi-Family
MLS® Listing#
2166646
Property Features
Appliances
Cooling
Heating
Flooring
Laundry
Fencing
Construction
Roof
Windows
Utilities
Sewer
Schools
- Elementary:
- Highland Park
- Middle:
- Hillside
- High:
- Highland
Financial Details
HOA
None
Annual Taxes
$4,338
Parcel Number
16-20-303-007
Affordability Calculator
$178,000
Estimated monthly payment
$4,737/mo
Principal $712,000 · Est. interest $993,303 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Millcreek, UT
- $606,061
- Median Listing Price
- 67
- Median Days on Market
- 1,919
- Median Sq Ft
- $316
- Median Price / Sq Ft
- 132
- Active Listings
- This home’s price is 47% above the area median.
- Its price per sq ft is 18% below the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Millcreek, UT.
Location
Points of Interest in Millcreek, UT
Showing the Millcreek area map.
Nearby Schools
Gateway Academy
School · 0.1 mi away
Nibley Park School
Elementary · 0.5 mi away
Kearns-Saint Ann Catholic School
Elementary · 0.8 mi away
Granite Technical Institute
Secondary · 0.9 mi away
Woodrow Wilson School
Elementary · 0.9 mi away
Roosevelt School
School · 1.0 mi away
Granite Park Junior High
Secondary · 1.0 mi away
Prevent Child Abuse Utah
School · 1.1 mi away
Granite High School
Secondary · 1.2 mi away
Carden Memorial School
Secondary · 1.2 mi away
Hawthorne Elementary School
Elementary · 1.3 mi away
Whittier Elementary School
Elementary · 1.5 mi away
Innovations High School
Secondary · 1.5 mi away
Elizabeth Academy Secondary School
Secondary · 1.6 mi away
Highland High School
Secondary · 1.6 mi away
Seminary - the Church of Jesus Christ of Latter-Day Saints
School · 1.6 mi away
The Sammy Center
School · 1.6 mi away
Highland Park Elementary School
Elementary · 1.6 mi away
Hilda B Jones Center
School · 1.6 mi away
Seminary - the Church of Jesus Christ of Latter-Day Saints
School · 1.7 mi away
Commute Calculator
Nearby Homes
Similar Homes Nearby
Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 1522 E AMBLEWOOD LN, Millcreek, UT | $1,050,000 | 8 | 4 | 4,142 |
Moving Cost Estimate
EXIT Agents in Millcreek
Listing Courtesy: TierOne Real Estate LLC - 801-486-6200
Last Updated: 2026-05-07