Brick Duplex with Two
For Sale
$595,000
132 E WILLIAMS Ave S, Salt Lake City, UT 84111
Residential, Salt Lake City, UT
Property Size1,422 SF
Lot Size0.11 Acres
Price / SF$418.42
Days on Market41
Property Features for 132 E WILLIAMS Ave S
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
Single-Family, Multi-Fami
Zoning description
1205
Bedrooms
2
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Bedroom 2, Bedroom 1, Bathroom 1
Interior features
Range: Gas
Subdivision
PLAT A
Elementary school
Liberty
Middle school
Clayton
High school
Highland
Elementary school district
Salt Lake
Middle school district
Salt Lake
High school district
Salt Lake
Standard status
Active
APN
16-07-308-006
Size
1,422 SF
Lot size
0.11 Acres
Taxes and HOA fees
Tax Annual Amount
2319
Utilities
Sewer type
Public Sewer
Heating system
Forced Air
Building Details
Year built
1925
Number of units
2
Flooring type
Tile, Hardwood
Building materials
Brick
Roof type
Asphalt
Architectural style
Other
Listing Agency:
R and R Realty LLC
Listed By:
Fernando Villalobos-Cubas
(801) 492-7791
Added: Aug 10
Changed: Sep 19
Last Checked: Sep 19 at 6:06AM
MLS# 2186124
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 1,422-square-foot duplex contains two one-bedroom, one-bath units, offering a compact residential income configuration in a brick building constructed in 1925. Interior details include hardwood and tile flooring, gas ranges, forced-air heating, and neutral finishes. The property sits on a 0.11-acre lot and is served by public sewer, with an asphalt roof and no HOA. Airbnb use is allowed, subject to applicable requirements.
Both units are currently tenant occupied, and showings require 24 hours’ notice. The property is located in Salt Lake City near shops, restaurants, parks, schools, major highways, and public transportation. Its zoning is identified as Single-Family, Multi-Fami.
Both units are currently tenant occupied, and showings require 24 hours’ notice. The property is located in Salt Lake City near shops, restaurants, parks, schools, major highways, and public transportation. Its zoning is identified as Single-Family, Multi-Fami.
Key Highlights
- Duplex with two 1‑bedroom, 1‑bath units
- 1,422 square feet on a 0.11‑acre lot
- Built in 1925 with brick construction
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$18,964
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.19%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$379,280
$379.3K
Cap Rate 7%
$270,914
$270.9K
Cap Rate 9%
$210,711
$210.7K
Market Conditions
NOI Build-Up for 1,422 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$28.7K $20.16/SF
− Vacancy
−$1.6K −$1.11/SF
EGI
$27.1K $19.05/SF
− OpEx
−$8.1K −$5.72/SF
NOI
$19.0K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$379,280
Cap Rate 7%
$270,914
Cap Rate 9%
$210,711
Alternative Uses
Best Use
Multifamily LT 5
$270.9K
$237.1K – $316.1K
NOI $18,964 @ 7.0% cap · market cap 3.19%
Second Best
Apartment 5plus
$251.7K
$220.2K – $293.6K
NOI $17,616 @ 7.0% cap · market cap 2.96%
Theoretical Best
Office A
$383.1K
$335.2K – $447.0K
NOI $26,818 @ 7.0% cap · market cap 4.51%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,607
Businesses Nearby
Explore this area
Business Placement
Demographics for 84111, UT
12,162
Population
8,635
Households
1.4
Avg Household Size
34
Median Age
55%
College-Educated
95%
High-School Grad
1.4 sq mi
ZIP Area
8,687
Density / Sq Mi
$57,188
Median Household Income
$49,490
Median Earnings
$1,294
Median Rent
$423,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two tenant-occupied residences with updated interior finishes and separate one-bedroom, one-bath layouts.
Where is this duplex located?
The property is located at 132 E WILLIAMS Ave S Salt Lake City, UT.
What is the asking price?
The asking price for this property is $595,000.
What are key features of this property?
This property features: Duplex with two 1‑bedroom, 1‑bath units; 1,422 square feet on a 0.11‑acre lot; Built in 1925 with brick construction
