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538 N COLORADO ST, Salt Lake City, UT 84116
Homes for sale in Salt Lake City ·Neighborhood: OAKLEY
$699,000
MLS #2183166
Beds
4
Baths
4
Sq Ft
2,650
Lot
0.16 ac
Built
1951
About this home
This home for sale at 538 N COLORADO ST Salt Lake City, UT 84116 has been listed at $699,000 and has been on the market for 43 days.
Full description
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.
Property details
- Property Type
- Residential
- Sub-type
- Quadruplex
- Status
- Active
- Days on Market
- 43
- Bedrooms
- 4
- Bathrooms
- 4
- Year Built
- 1951
- Effective Year
- 1995
- Living Area
- 2,650 sq ft
- Lot Size
- 0.16 acres
- Price/sqft
- $263.77
- Parking Total
- 4
- County
- Salt Lake
- City
- Salt Lake City
- Subdivision
- OAKLEY
- Zoning
- Multi-Family
- Tax Annual
- $1,668
- Preferred Financing
- Cash, Conventional, FHA, VA Loan
- Parcel #
- 08-35-105-008
- MLS Area
- Salt Lake City; Rose Park
- Listed By
- Rockwood & Company LLC
Interior features
- Range/Oven: Free Stdng.
Exterior features
- Porch: Open
Building, systems & basement
- Roof
- Asphalt
- Construction
- Brick, Concrete
- Heating
- Wall Furnace
Garage & parking
- Parking total
- 4
- Open parking
- 4
- Parking: Uncovered
Land description
- Curb & Gutter
- Sidewalks
- Sprinkler: Auto-Part
- Wooded
Utilities
- Natural Gas Connected
- Electricity Connected
- Sewer Connected
- Sewer: Public
- Water Connected
Additional features
Patio & porch
- Porch: Open
Sewer
- Sewer: Connected
- Sewer: Public
Water source
- Culinary
Current use
- Residential
Schedule a Tour with a Buyer’s Agent
Location
Salt Lake City, UT · approximate location
Schools
Elementary
Backman
Salt Lake
Middle/Jr
Northwest
Salt Lake
High
Marilyn Treshow
Salt Lake
Neighborhood
Located in OAKLEY, Salt Lake City.
Walk · Transit · Bike
Some errands can be accomplished on foot. Some transit available. Most trips are convenient by bike.
Price History
Date
Price
Change
Change %
9/4/2026
$699,000
$264/sqft
Listed
—
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Loan amount
Total interest paid
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Listed by: Jaden Connor · Rockwood & Company LLC. 801-809-5347.
Source: UtahRealEstate.com.
Information deemed reliable but not guaranteed. All measurements and calculations of area should be independently verified.
Based on information from UtahRealEstate.com as of Oct 16, 2026. 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. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Publisher's notice: All real estate advertised herein is subject to the Federal Fair Housing Act and Utah Fair Housing Act, which Acts make it illegal to make or publish any advertisement that indicates any preference, limitation, or discrimination based on race, color, religion, sex, handicap, family status, or national origin.
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Salt Lake City market context
How this property sits against recent sales in the area.
This listing: $699,000 — 28.6% above the median sale price.
Salt Lake City market — Residential
What homes are doing.
Latest data through September 2026.
Median sale price
$543,500
-2.1% year over year
Median days on market
15
-21 days year over year
Sale-to-list ratio
98.7%
+0.33pp year over year
Homes sold in September
117
-121 year over year
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