West Valley City Duplex
2384 S DERBY St West Valley City, UT 84119
2384 S DERBY St, West Valley City, UT, 84119
$509,000
For Sale
$509,000
MULTI_FAMILY - Other - West Valley City, UT
Property Size1,872 SF
Lot Size0.19 Acres
Price / SF$271.90
Days on Market63
Property Features for 2384 S DERBY St
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Zoning
- Multi-Family
- Bedrooms
- 4
- Bathrooms
- 2
- Rooms
- Bathroom 2, Bedroom 3, Bathroom 1, Bedroom 2, Bedroom 4, Bedroom 1
- Parking
- 10
- Parking features
- Covered
- Window features
- Blinds
- Patio and Porch features
- Patio
- Exterior features
- Lighting, Sliding Glass Doors, Patio: Open
- Standard status
- Active
- APN
- 15-22-282-017
- Size
- 1,872 SF
- Lot size
- 0.19 Acres
Taxes and HOA fees
- Tax Annual Amount
- 2824
Utilities
- Sewer type
- Public Sewer
- Heating system
- Central, Forced Air, Natural Gas
Building Details
- Year built
- 1977
- Number of units
- 2
- Flooring type
- Tile, Carpet
- Building materials
- Brick, Stucco
- Roof type
- Asphalt
- Architectural style
- Other
Listing agency
Equity Real Estate
(800) 785-9995
Listed by
Jeffrey Callahan
(801) 971-0131
Added: May 22 Updated: Jul 17 at 10:37AM Checked: Jul 23 at 6:06AM
MLS# 2160240
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Investment Insights
Based on property information with market context.
This turnkey duplex investment property is located in West Valley City, Utah. The property is zoned for multi-family use and features two units, each containing 2 bedrooms and 1 bathroom. The units are clean, well-maintained, and fully occupied, generating a gross monthly rental income of almost $3,000.00, resulting in a cap rate exceeding 6%. The property includes brand-new evaporative coolers. Its central location provides convenient access to I-215, Bangerter Highway, shopping, dining, and major employment areas. The property, situated on a 0.19-acre lot, offers 1872 square feet of living space. This high-performing income property has solid rental appeal and long-term upside. The property is a residential income property.
Key Highlights
- Duplex built in 1977 with 2‑bed/1‑bath units and public sewer service
- Almost $3,000/month gross rents reported; over a 6% cap rate reported
- Both units are fully occupied and generating rental income (2 bed/1 bath each)
Local 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 | $30.3k | $16.20 |
| − Vacancy | −$1.4k | −$0.73 |
| EGI | $29.0k | $15.47 |
| − OpEx | −$8.7k | −$4.64 |
| NOI | $20.3k | $10.83 |
1,872 SF · lease $16.20/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$289.6K
$253.4K – $337.9K
NOI $20,273 @ 7.0% cap · market cap 3.98%
Second Best
Apartment 5plus
$261.4K
$228.7K – $305.0K
NOI $18,299 @ 7.0% cap · market cap 3.60%
Theoretical Best
Office A
$535.9K
$468.9K – $625.3K
NOI $37,515 @ 7.0% cap · market cap 7.37%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Turnkey duplex in West Valley City with strong cash flow.
Where is this duplex located?
The property is located at 2384 S DERBY St West Valley City, UT.
What is the asking price?
The asking price for this property is $509,000.
What are key features of this property?
This property features: Duplex built in 1977 with 2‑bed/1‑bath units and public sewer service; Almost $3,000/month gross rents reported; over a 6% cap rate reported; Both units are fully occupied and generating rental income (2 bed/1 bath each)
