Four-Bedroom
For Sale
$775,000
1148 E 700 S, Salt Lake City, UT 84102
Residential, Salt Lake City, UT
Property Size3,110 SF
Lot Size0.08 Acres
Price / SF$249.20
Days on Market8
Property Features for 1148 E 700 S
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
Single-Family, Multi-Fami
Zoning description
1205
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 3, Bathroom 2, Bedroom 1, Bedroom 2, Bathroom 1, Bedroom 4
Parking
5
Parking features
Covered, Open
Window features
Blinds
Patio and Porch features
Porch, Patio
Interior features
Kitchen: Updated, Smart Thermostat(s)
Exterior features
Lighting, Patio: Covered, Porch: Open, Storm Doors
Subdivision
ARLINGTON
Lot features
Corner Lot, Curb & Gutter, Sidewalks, Sprinkler: Auto- Full, Rainwater Collection
Elementary school
Beacon Heights
Middle school
Hillside
High school
Highland
Elementary school district
Salt Lake
Middle school district
Salt Lake
High school district
Salt Lake
Standard status
Active
APN
16-08-229-001
Size
3,110 SF
Lot size
0.08 Acres
Taxes and HOA fees
Tax Annual Amount
3137
Utilities
Sewer type
Public Sewer
Heating system
Central, Natural Gas
Building Details
Year built
1925
Number of units
2
Flooring type
Carpet, Tile, Hardwood
Building materials
Brick
Roof type
Asphalt
Architectural style
Other
Listing Agency:
Equity Real Estate (Advantage)
(801) 917-5597
Listed By:
Teresa N Judd
(800) 785-9995
Added: Sep 29
Changed: Oct 4
Last Checked: Oct 6 at 11:06AM
MLS# 2188155
Copyright © 2026 UtahRealEstate.com. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This brick duplex in Salt Lake City contains 3,110 square feet, with four bedrooms and two bathrooms. Built in 1925, it sits on a 0.08-acre lot. Interior features include an updated kitchen, a smart thermostat, and carpet, tile, and hardwood flooring. Central natural gas heating serves the property. Outdoor features include a covered patio, an open porch, and storm doors.
An attached one-car garage and driveway parking for up to three additional vehicles are provided. The property is within walking distance of the University of Utah and lies near the northern edge of Sugar House. Tenants currently occupy the property.
An attached one-car garage and driveway parking for up to three additional vehicles are provided. The property is within walking distance of the University of Utah and lies near the northern edge of Sugar House. Tenants currently occupy the property.
Key Highlights
- 3,110 square feet on a 0.08‑acre lot
- Four bedrooms and two bathrooms
- Built in 1925; brick construction
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$41,474
Cap Rate
5.35%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$829,480
$829.5K
Cap Rate 7%
$592,486
$592.5K
Cap Rate 9%
$460,822
$460.8K
Market Conditions
NOI Build-Up for 3,110 SF
Gross rent
$62.7K $20.16/SF
− Vacancy
−$3.4K −$1.11/SF
EGI
$59.2K $19.05/SF
− OpEx
−$17.8K −$5.72/SF
NOI
$41.5K $13.34/SF
Area
Salt Lake City, UT
Vacancy
5.50%
Lease Rate
$20.16 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$829,480
Cap Rate 7%
$592,486
Cap Rate 9%
$460,822
Alternative Uses
Best Use
Multifamily LT 5
$592.5K
$518.4K – $691.2K
NOI $41,474 @ 7.0% cap · market cap 5.35%
Second Best
Apartment 5plus
$550.4K
$481.6K – $642.1K
NOI $38,528 @ 7.0% cap · market cap 4.97%
Theoretical Best
Office A
$837.9K
$733.2K – $977.5K
NOI $58,652 @ 7.0% cap · market cap 7.57%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
973
Businesses Nearby
Explore this area
Business Placement
Demographics for 84102, UT
18,857
Population
11,348
Households
1.7
Avg Household Size
29
Median Age
56%
College-Educated
94%
High-School Grad
1.9 sq mi
ZIP Area
9,925
Density / Sq Mi
$50,040
Median Household Income
$32,432
Median Earnings
$1,305
Median Rent
$487,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Duplex - Garage and driveway parking complement the home's covered patio and open porch.
Where is this duplex located?
The property is located at 1148 E 700 S Salt Lake City, UT.
What is the asking price?
The asking price for this property is $775,000.
What are key features of this property?
This property features: 3,110 square feet on a 0.08‑acre lot; Four bedrooms and two bathrooms; Built in 1925; brick construction
