Listed by Newmark Mountain West
$775,000
395 Welby Avenue South
Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 2,440
Units 4
Cap Rate 5.57%
NOI $43,173
Tenancy Multi
Pro-Forma Cap Rate 5.81%
Pro-Forma NOI $45,000
Price per SqFt $318
Year Built 1959
Year Renovated 2022,2026
Buildings 2
Acreage 0.260
Parking Spaces 8 spaces
Parking per 1,000 SqFt 3.28
Investment Type Value Add
Multifamily | 4 Units | $193,750/unit
Marketing description
This well-maintained fourplex at 385–397 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.
Investment highlights
- In unit laundry
- Value Add Potential
- Central Air
- Separately Metered for Gas and Electric
Listing Contacts
Listed by Newmark Mountain West
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$43,173.00
$3,597.75/mo
Valuation Metrics
0
DSCR
5.57%
Cap Rate
5.57%
ROI
Map
Zoning
R-1 ResidentialSingle FamilyResidential Single Family
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View all 155 uses Last updated Jun 22, 2026 For deeper zoning details, reports are available at Zoneomics
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