Renovated
For Sale
$750,000
1394 W PACIFIC Ave S, Salt Lake City, UT 84104
Residential, Salt Lake City, UT
Property Size1,820 SF
Lot Size0.18 Acres
Price / SF$412.09
Days on Market29
Property Features for 1394 W PACIFIC Ave S
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Zoning
Multi-Family
Zoning description
R-1-50
Bedrooms
6
Bathrooms
3
Full bathrooms
3
Rooms
Bathroom 2, Bathroom 1, Bedroom 4, Bedroom 3, Bedroom 5, Bedroom 2, Bedroom 6, Bathroom 3, Bedroom 1
Parking
8
Parking features
Covered
Window features
Blinds
Interior features
Disposal, Kitchen: Updated, Range/Oven: Free Stdng., Dishwasher: Built-In
Lot features
Fenced: Full, Road: Paved, View: Mountain, View: Valley
View
Valley
Elementary school
Edison
Middle school
Glendale
High school
East
Elementary school district
Salt Lake
Middle school district
Salt Lake
High school district
Salt Lake
Subdivision
Salt Lake City; Rose Park
Standard status
Active
APN
15-03-427-043
Size
1,820 SF
Lot size
0.18 Acres
Taxes and HOA fees
Tax Annual Amount
3050
Utilities
Sewer type
Public Sewer
Heating system
Forced Air, Natural Gas, Central
Amenities
fenced lot
mature trees
in-unit washer/dryer
storage shed
Building Details
Year built
1962
Number of units
3
Flooring type
Carpet
Building materials
Aluminum
Roof type
Asphalt
Architectural style
Other
Listing Agency:
Selling Salt Lake
(801) 998-8568
Listed By:
Kian Torimi
(801) 792-2010
Added: Sep 8
Changed: Oct 2
Last Checked: Oct 6 at 2:06PM
MLS# 2184786
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 side-by-side triplex contains three two-bedroom, one-bath residences, each approximately 607 square feet, on a 0.18-acre fenced lot. Unit-by-unit renovations completed in 2023–2024 included plumbing, electrical panels, furnaces, central air, kitchens, bathrooms, flooring, windows, roof work, and attic insulation. Each residence has its own furnace, AC, water heater, and gas and power meters. Units A and B have stacked in-unit washer/dryers. The property also has five off-street parking spaces and a three-bay storage shed.
Located in Poplar Grove, the property is minutes from downtown Salt Lake City, with quick access to I-15, I-80, and Redwood Road. Edison Elementary and Sherwood Park are two blocks away, and a Power TRAX station is within walking distance. The triplex passed Salt Lake City’s rental housing inspection in 2025, with its next inspection due in 2029. One unit has a housing-authority lease through June 2027; the other two are month-to-month.
Located in Poplar Grove, the property is minutes from downtown Salt Lake City, with quick access to I-15, I-80, and Redwood Road. Edison Elementary and Sherwood Park are two blocks away, and a Power TRAX station is within walking distance. The triplex passed Salt Lake City’s rental housing inspection in 2025, with its next inspection due in 2029. One unit has a housing-authority lease through June 2027; the other two are month-to-month.
Key Highlights
- Three 2‑bedroom, 1‑bath units, approximately 607 square feet each
- Unit‑by‑unit renovations completed in 2023–2024
- Fenced 0.18‑acre lot with five off‑street parking spaces
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,271
Cap Rate
3.24%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$485,420
$485.4K
Cap Rate 7%
$346,729
$346.7K
Cap Rate 9%
$269,678
$269.7K
Market Conditions
NOI Build-Up for 1,820 SF
Gross rent
$36.7K $20.16/SF
− Vacancy
−$2.0K −$1.11/SF
EGI
$34.7K $19.05/SF
− OpEx
−$10.4K −$5.72/SF
NOI
$24.3K $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%
$485,420
Cap Rate 7%
$346,729
Cap Rate 9%
$269,678
Alternative Uses
Best Use
Multifamily LT 5
$346.7K
$303.4K – $404.5K
NOI $24,271 @ 7.0% cap · market cap 3.24%
Second Best
Apartment 5plus
$322.1K
$281.8K – $375.8K
NOI $22,547 @ 7.0% cap · market cap 3.01%
Theoretical Best
Office A
$490.3K
$429.0K – $572.1K
NOI $34,323 @ 7.0% cap · market cap 4.58%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
3
Residential units
100%
Occupancy
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
336
Businesses Nearby
Explore this area
Business Placement
Demographics for 84104, UT
23,487
Population
8,452
Households
2.8
Avg Household Size
31
Median Age
22%
College-Educated
78%
High-School Grad
21.6 sq mi
ZIP Area
1,087
Density / Sq Mi
$61,326
Median Household Income
$35,013
Median Earnings
$1,235
Median Rent
$318,100
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?
Triplex - Three separately entered residences share a fenced parcel and individual gas and power meters.
Where is this triplex located?
The property is located at 1394 W PACIFIC Ave S Salt Lake City, UT.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: Three 2‑bedroom, 1‑bath units, approximately 607 square feet each; Unit‑by‑unit renovations completed in 2023–2024; Fenced 0.18‑acre lot with five off‑street parking spaces
