- Pending
261 N REDWOOD RD #1, Salt Lake City, UT 84116
$1,500,000
Est. $8,649/mo
- Beds
- 4
- Baths
- 4
- Sq ft
- 2,800
- Built
- 1950
About this home
4 Plex + Land Great development opportunity. 0.94 Acres. The value of this property is in the land for developing new homes or apartments. There are two different entryways to the property, one off of Redwood Road and the other off of Gemini Street. Great investment for 26 or more New townhomes to be built. There is a four-plex on the front of the land that brings in a monthly cash flow of around $4,000. Bring your builder, great location close to Trax. Figures are provided as a courtesy estimate only; the Buyer is advised to obtain independent measurements. DO NOT DISTURB TENANTS!! Seller is participating in a 1031; cooperation is requested. Broker/Agent Owned
Agents
Connect with your buyer agent
Get local guidance on this home from Juston.
Salt Lake County Realtor | Smart Real Estate. Lasting Legacy.
20 yrs experience
Listed by Chereneh D Konold
Red Butte Realty
MLS #2172408
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Schools
Salt Lake- Meadowlark
Elementary
- Northwest
Middle School
- West
High School
- Salt Lake Center for Science Education
High School · 1.4 mi
59% proficient
Home details
Property
- Type
- Residential
- Style
- Quadruplex
- Architectural style
- Side By Side
- Year built
- 1950
- Stories
- 0
- Condition
- Blt./Standing
- County
- Salt Lake
- MLS #
- 2172408
Costs
- List price
- $1,500,000
- Annual taxes
- $5,889
- Home warranty
- No
Lot and parking
- Lot
- 0.94 ac
- Covered spaces
- 0
- Total parking
- 0
All home details37 details
Property Info
- Property Type
- Residential
- Property Style
- Quadruplex
- Architectural Style
- Side By Side
- Condition
- Blt./Standing
- MLS #
- 2172408
- County
- Salt Lake
- Year Built
- 1950
- New Construction
- No
- Stories
- 0
- Total Rooms
- 0
- Living Area
- 2,800 sq ft
- Lot Size (Acres)
- 0.94
- Lot Size
- 40,946.4 sq ft
Bedrooms & Baths
- Bedrooms
- 4
- Total Bathrooms
- 4
Financial
- List Price
- $1,500,000
- HOA
- No
- Annual Taxes
- $5,889
- Home Warranty
- No
Lot & Land
- Waterfront
- No
- Horse Property
- No
Parking
- Garage
- No
- Carport
- No
- Covered Spaces
- 0
- Total Parking
- 0
- ADU
- No
Amenities
- Fireplace
- No
- Pool
- No
- Spa/Hot Tub
- No
Schools
- Elementary
- Meadowlark
- Middle School
- Northwest
- High School
- West
- Elementary District
- Salt Lake
Timeline
- Listed
- Jul 16, 2026
- Days on Market
- 341
- Status
- Pending
- MLS Status
- Under Contract
Salt Lake City market
Explore Salt Lake CitySalt Lake City median
$548,900
This home: 173% above
Days to sell
54
Utah: 70
Homes for sale
801
Price range
$185k – $8M
Sale to list
98%
Market
Buyer's market
SafetyHigh Crime · 147.1 incidents per 1,000 residents · 217% above the Utah average
Safety rating 1.0 out of 10.
Violent
28.7
per 1,000 · national 3.6
Property
83.9
per 1,000 · national 17.6
vs Utah
+217%
46.4 per 1,000 statewide
vs Salt Lake
+118%
67.5 per 1,000 countywide
Society
34.5
per 1,000
Population 212,675 · 2024 reports · Local rates use NIBRS; national rates use FBI UCR index crimes, which count fewer offense types.
Location
261 N REDWOOD RD #1, Salt Lake City, UT 84116
Open in map searchCommon questions
About 261 N REDWOOD RD #1, Salt Lake City, UtahWhat is the asking price for 261 N REDWOOD RD #1, Salt Lake City?
261 N REDWOOD RD #1, Salt Lake City is listed at $1,500,000 ($536/sqft). Current status: Pending.
How long has 261 N REDWOOD RD #1, Salt Lake City been on the market?
This property has been listed for 341 days. The average days on market in Salt Lake City is 54 days, meaning this listing is taking longer than the local average. Extended time on market may present negotiation opportunities for buyers.
What schools serve 261 N REDWOOD RD #1, Salt Lake City?
Assigned schools: Elementary: Meadowlark; Middle: Northwest; High: West. There are 1 schools within 3 miles of this property. The highest-rated nearby school is Salt Lake Center for Science Education with a 59% state performance score (1.4 miles away). School district: Salt Lake.
How does this listing compare to the Salt Lake City market?
261 N REDWOOD RD #1, Salt Lake City is listed at $1,500,000, which is above the Salt Lake City median of $548,900 by $951,100. There are currently 801 active listings in Salt Lake City. Homes in Salt Lake City sell in an average of 54 days. The average sale-to-list ratio is 98.3%.
What is the commute like from 261 N REDWOOD RD #1, Salt Lake City?
261 N REDWOOD RD #1, Salt Lake City is located in Salt Lake City, in the Wasatch Front region of Utah. With a population of approximately 199,000, Salt Lake City has good transportation access. Commute times vary by destination — most Wasatch Front cities are within 30-60 minutes of downtown Salt Lake City via I-15. Consider rush-hour traffic patterns when evaluating this location.
What would homeowner's insurance cost for 261 N REDWOOD RD #1, Salt Lake City?
Homeowner's insurance in Utah typically ranges from 0.3% to 0.5% of the home's value annually. For a home listed at $1,500,000, expect approximately $4,500-$7,500/year ($375-$625/month). Older homes may see higher premiums due to outdated electrical or plumbing systems. Get multiple quotes — rates vary significantly by insurer.
All 8 questions
Could 261 N REDWOOD RD #1, Salt Lake City be a 1031 exchange property?
Yes, 261 N REDWOOD RD #1, Salt Lake City could potentially qualify for a 1031 like-kind exchange if used as an investment or business property. A 1031 exchange allows deferral of capital gains taxes by reinvesting proceeds from one investment property into another. Key requirements include identifying a replacement property within 45 days and closing within 180 days. The property must be held for investment purposes — personal residences do not qualify. Consult a qualified intermediary and tax advisor for specific guidance.
How many bedrooms and bathrooms does 261 N REDWOOD RD #1, Salt Lake City have?
This Residential features 4 bedrooms, 4 bathrooms, 2,800 square feet of living space. The lot is 0.94 acres.
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