Duplex with Two 5-Bed
1446 N MANDALAY Rd Salt Lake City, UT 84116
For Sale
$725,000
MULTI_FAMILY - Other - Salt Lake City, UT
Property Size3,700 SF
Lot Size0.18 Acres
Price / SF$195.95
Days on Market56
Property Features for 1446 N MANDALAY Rd
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
Single-Family
Bedrooms
10
Bathrooms
4
Rooms
Bedroom 8, Bathroom 1, Bedroom 3, Bedroom 5, Bedroom 10, Bedroom 1, Bedroom 6, Bedroom 4, Bedroom 2, Bedroom 7, Bathroom 2, Bathroom 4, Bedroom 9, Bathroom 3
Parking
2
Parking features
Covered
Window features
Blinds
Interior features
Range/Oven: Free Stdng.
Standard status
Active
APN
08-22-357-002
Size
3,700 SF
Lot size
0.18 Acres
Taxes and HOA fees
Tax Annual Amount
2564
Utilities
Heating system
Forced Air
Building Details
Year built
1972
Number of units
2
Flooring type
Laminate, Carpet
Building materials
Frame
Roof type
Tar/Gravel
Architectural style
Other
Listing Agency:
KW Utah Realtors Keller Williams
(801) 858-0000
Listed By:
Cameron Burnside · License #5488326
(801) 858-0000
Added: Jun 5
Changed: Jul 29
Last Checked: Jul 30 at 1:06AM
MLS# 2163392
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Investment Insights
Based on property information with market context.
This duplex includes two spacious 5-bedroom, 2-bath units, totaling 10 bedrooms and 4 bathrooms. One unit has been recently remodeled and is move-in ready, while the second unit is already tenant occupied for immediate occupancy. The exterior has been freshly painted, and the property also features a large yard, adding outdoor space for residents.
Located at 1446 N Mandalay Rd in Salt Lake City, Utah 84116, the property sits on a 0.18-acre lot. The listed zoning is Single-Family, aligning with a duplex configuration and supporting residential income use.
For investors or owner-operators seeking a straightforward duplex structure, the mix of a move-in ready remodeled unit and an already tenant occupied unit can simplify near-term occupancy planning. The refreshed exterior and ample yard space may also support tenant appeal for residents looking for both updated interiors and outdoor room.
Located at 1446 N Mandalay Rd in Salt Lake City, Utah 84116, the property sits on a 0.18-acre lot. The listed zoning is Single-Family, aligning with a duplex configuration and supporting residential income use.
For investors or owner-operators seeking a straightforward duplex structure, the mix of a move-in ready remodeled unit and an already tenant occupied unit can simplify near-term occupancy planning. The refreshed exterior and ample yard space may also support tenant appeal for residents looking for both updated interiors and outdoor room.
Key Highlights
- Duplex with 2 units: each unit has 5 bedrooms and 2 bathrooms for 10 total bedrooms and 4 total bathrooms
- One unit recently remodeled and described as move‑in ready; second unit is tenant occupied for immediate income
- Free‑standing range/oven; forced‑air heating
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $74.6k | $20.16 |
| − Vacancy | −$4.1k | −$1.11 |
| EGI | $70.5k | $19.05 |
| − OpEx | −$21.1k | −$5.72 |
| NOI | $49.3k | $13.34 |
3,700 SF · lease $20.16/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$704.9K
$616.8K – $822.4K
NOI $49,343 @ 7.0% cap · market cap 6.81%
Second Best
Apartment 5plus
$654.8K
$573.0K – $764.0K
NOI $45,837 @ 7.0% cap · market cap 6.32%
Theoretical Best
Office A
$996.8K
$872.2K – $1.16M
NOI $69,778 @ 7.0% cap · market cap 9.62%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Duplex - Two-unit duplex with two 5-bed, 2-bath apartments, one remodeled and one tenant occupied, plus a large yard.
Where is this duplex located?
The property is located at 1446 N MANDALAY Rd Salt Lake City, UT.
What is the asking price?
The asking price for this property is $725,000.
What are key features of this property?
This property features: Duplex with 2 units: each unit has 5 bedrooms and 2 bathrooms for 10 total bedrooms and 4 total bathrooms; One unit recently remodeled and described as move‑in ready; second unit is tenant occupied for immediate income; Free‑standing range/oven; forced‑air heating
