For sale MLS# 2183166 · 53 days on the market
$699,000
It starts with a call with an agent.
538 N Colorado St, Salt Lake City, UT 84116
About this home
Great opportunity to own a fourplex on a residential street in a quiet Salt Lake County neighborhood. Two of the four units have been recently updated, with additional opportunity to increase rents and improve the property's overall income potential. Located within 10 minutes of Downtown Salt Lake City with convenient access to the airport, the location creates strong rental demand and helps make these units easy to rent. Priced to sell and currently one of the most affordable fourplexes in Salt Lake County, this is a great opportunity for an investor looking to add a solid multifamily asset with plenty of upside to their portfolio.
Written by the listing agent.
Location
The market in Salt Lake City today
$699,000 is 22% below the median asking price in Salt Lake City.
At $264 per sqft it asks 11% less than the median in the city.
49% of the listings for sale have lowered their price at least once.
From the listings for sale, as of October 26, 2026. Asking prices only: Utah does not make sold prices public.
Living in Salt Lake City
Salt Lake City is the capital and most populous city of Utah, founded in 1847 and located in a valley near the Great Salt Lake.
- 199,723 residents (2020)
- 24 rail stations
- 79 named trails
- 101 named parks
Monthly payment
- Principal & interest
- $3,873
- Property tax
- $139
- Home insurance
- $110
10% down ($69,900), 30-year fixed at 6.25%. Tax from the MLS record; insurance is an estimate. Not a loan offer.
Details
- Style
- Up And Down
- Lot
- 0.16 acres
- Subdivision
- OAKLEY
- Parking
- Parking: Uncovered
- Heating
- Wall Furnace
- Roof
- Asphalt
See all 13 details
- Construction
- Brick, Concrete
- Water
- Culinary
- Sewer
- Sewer: Connected, Sewer: Public
- Effective year built
- 1995
- County
- Salt Lake
- Zoning
- Multi-Family
- Terms
- Cash, Conventional, FHA, VA Loan
- Range/Oven: Free Stdng.
- Porch: Open
- Curb & Gutter
- Sidewalks
- Sprinkler: Auto-Part
- Wooded
- Natural Gas Connected
- Electricity Connected
- Sewer Connected
- Sewer: Public
See all 11 features
Interior
- Range/Oven: Free Stdng.
Exterior
- Porch: Open
Lot features
- Curb & Gutter
- Sidewalks
- Sprinkler: Auto-Part
- Wooded
Utilities
- Natural Gas Connected
- Electricity Connected
- Sewer Connected
- Sewer: Public
- Water Connected
Schools
Assigned schools as reported to the MLS by the listing agent. Boundaries change; confirm enrollment with the district. · Salt Lake
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Listing courtesy of Rockwood & Company LLC / Jaden Connor. Based on information from UtahRealEstate.com as of 9/3/2026 5:41 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.