Duplex With Covered
For Sale
$500,000
3419 S MOCKINGBIRD Way W, West Valley City, UT 84119
Residential, West Valley City, UT
Property Size2,006 SF
Lot Size0.26 Acres
Price / SF$249.25
Days on Market25
Property Features for 3419 S MOCKINGBIRD Way W
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
Multi-Family
Zoning description
1206
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Bedroom 3, Bathroom 1, Bedroom 4, Bedroom 2, Bedroom 1
Parking
4
Parking features
Covered
Window features
Blinds
Exterior features
Double Pane Windows
Subdivision
MEADOWS
Lot features
Fenced: Full
Elementary school
Granger
Middle school
Valley
High school
Granger
Elementary school district
Granite
Middle school district
Granite
High school district
Granite
Standard status
Active
APN
15-28-455-013
Size
2,006 SF
Lot size
0.26 Acres
Taxes and HOA fees
Tax Annual Amount
3191
Utilities
Heating system
Forced Air
Building Details
Year built
1978
Number of units
2
Flooring type
Carpet, Laminate
Building materials
Aluminum
Roof type
Asphalt
Architectural style
Other
Listing Agency:
Utah Select Realty PC
(801) 472-5887
Listed By:
Heather Robins
(801) 209-8009
Added: Jul 30
Changed: Aug 21
Last Checked: Aug 23 at 7:06PM
MLS# 2175580
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 2,006-square-foot duplex, built in 1978, contains two residential units with matching layouts of 2 bedrooms and 1 bathroom each. One unit is occupied, while the other is vacant and available for touring or a new lease. Interior features include laminate and carpet flooring, forced-air heating, and double-pane windows. Aluminum construction and an asphalt roof complete the primary building improvements.
The property occupies 0.26 acres and includes covered parking. Multi-Family zoning supports its duplex configuration. Its two-unit layout offers an existing residential income setup while retaining flexibility for an owner-occupant or separate occupancy of the available unit.
The property occupies 0.26 acres and includes covered parking. Multi-Family zoning supports its duplex configuration. Its two-unit layout offers an existing residential income setup while retaining flexibility for an owner-occupant or separate occupancy of the available unit.
Key Highlights
- Two‑unit duplex with 2 bedrooms and 1 bathroom per unit
- 2006 square feet on 0.26 acres
- One unit occupied; second unit vacant for touring or new tenancy
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
$21,724
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
4.34%
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%
$434,480
$434.5K
Cap Rate 7%
$310,343
$310.3K
Cap Rate 9%
$241,378
$241.4K
Market Conditions
NOI Build-Up for 2,006 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
$32.5K $16.20/SF
− Vacancy
−$1.5K −$0.73/SF
EGI
$31.0K $15.47/SF
− OpEx
−$9.3K −$4.64/SF
NOI
$21.7K $10.83/SF
Area
West Valley City, UT
Vacancy
4.50%
Lease Rate
$16.20 /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%
$434,480
Cap Rate 7%
$310,343
Cap Rate 9%
$241,378
Alternative Uses
Best Use
Multifamily LT 5
$310.3K
$271.6K – $362.1K
NOI $21,724 @ 7.0% cap · market cap 4.34%
Second Best
Apartment 5plus
$280.1K
$245.1K – $326.8K
NOI $19,608 @ 7.0% cap · market cap 3.92%
Theoretical Best
Office A
$574.3K
$502.5K – $670.0K
NOI $40,200 @ 7.0% cap · market cap 8.04%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
941
Businesses Nearby
Explore this area
Business Placement
Demographics for 84119, UT
54,143
Population
16,811
Households
3.2
Avg Household Size
31
Median Age
16%
College-Educated
79%
High-School Grad
11.5 sq mi
ZIP Area
4,708
Density / Sq Mi
$66,616
Median Household Income
$35,676
Median Earnings
$1,418
Median Rent
$341,800
Median Home Value
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-unit property with one occupied residence and a second unit available for an owner-occupant or new tenancy.
Where is this duplex located?
The property is located at 3419 S MOCKINGBIRD Way W West Valley City, UT.
What is the asking price?
The asking price for this property is $500,000.
What are key features of this property?
This property features: Two‑unit duplex with 2 bedrooms and 1 bathroom per unit; 2006 square feet on 0.26 acres; One unit occupied; second unit vacant for touring or new tenancy
