Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    3434 S 500 E South Salt Lake, UT 84106

    Sponsored
    For Sale
    $875,000

    MULTI_FAMILY - Other - South Salt Lake, UT

    Property size:
    3,840 SF
    Lot size:
    0.17 Acres
    Days on Market:
    1
    Last Refresh:
    Feb 6 at 8:06 am

    Property Features for 3434 S 500 E

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Window features
    Blinds
    Zoning
    Multi-Family
    Rooms
    Bedroom 2, Bedroom 5, Bathroom 3, Bathroom 2, Bedroom 6, Bathroom 5, Bedroom 3, Bathroom 4, Bedroom 1, Bathroom 1, Bathroom 6, Bedroom 4
    Bedrooms
    6
    Bathrooms
    6
    APN
    16-30-457-015
    Parking
    8
    Parking features
    Covered
    Interior features
    Bath: Primary, Disposal, Range/Oven: Free Stdng., Vaulted Ceilings, Granite Countertops, Dishwasher: Built-In
    Exterior features
    Double Pane Windows, Storm Doors
    Size
    3,840 SF
    Lot size
    0.17 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Forced Air, Natural Gas, Central

    Building Details

    Year built
    1996
    Number of units
    2
    Flooring type
    Tile, Carpet
    Building materials
    Stucco
    Roof type
    Asphalt
    Architectural style
    Other

    We can help!

    Listing Contact
    Kyler Story

    Century 21 Everest (801) 449-3000

    Listing agent Kyler Story (801) 449-3000

    Listing date Feb 6, 2026

    MLS# 2135454

    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.

    Learn more

    Property Insight Report

    Overview

    Remodeled Duplex Investment Opportunity

    This duplex presents a rare investment opportunity, having been fully remodeled in 2021. The upgrades include new kitchens featuring granite countertops, updated furnaces and air conditioning systems, remodeled bathrooms, and new tile and carpet flooring, doors, and trim. Both basements are unfinished, offering the potential to add value by constructing a full bathroom and either two bedrooms or a single bedroom with a living room. The property has operated as a licensed short-term rental for the past 5 years, generating consistent revenue and receiving excellent reviews. The short-term rental license is included with the sale and is transferable, as South Salt Lake is no longer issuing new permits. The property is located in South Salt Lake, Utah, situated on a lot of 0.17 acres. The building size is 3840 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Isalis (Bike/Boat/Book/etc) Store Party City Party Supply Store Skunk Funk Big Box & Wholesale Store Carl's Trading Co Hat Shop Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    South Salt Lake
    County
    Salt Lake
    State
    Utah
    Longitude
    -111.856
    Latitude
    40.7063

    Nearby Similar for Sale

    • $1,400,000
      0.20 Acres

      Industrial Building with Drapery Business

      Industrial building with established drapery business for sale.
      17 W Sunset Ave, South Salt Lake, UT 84115
      View Details
    • $50,000
      0.05 Acres

      Established Car Business For Sale

      Established car business for sale in a desirable location.
      576 W Billinis Rd S, South Salt Lake, UT 84115
      View Details
    • $2,250,000
      3,250 SF

      Prime South Salt Lake Retail Space

      Vacant 3,250 SF Retail Building, 0.82 Acres
      2714 300, South Salt Lake, UT 84115
      View Details
    • $1,700,000
      5,400 SF

      Prime South Salt Lake Mixed-Use

      5,400 SF Flex Space, Investment Opportunity
      510 Billinis Rd, South Salt Lake, UT 84115
      View Details
    • $7,800,000
      47,718 SF

      Brickyard Shopping Center: Investment Opportunity

      High-yield retail center, 100% occupied.
      633 3300, South Salt Lake, UT 84106
      View Details
    • $1,575,000

      South Salt Lake Restaurant/Warehouse

      Prime Retail Investment Opportunity in Utah
      150 3300, South Salt Lake, UT 84115
      View Details

    FAQs

    What type of property is this?
    Duplex - Remodeled duplex with STR license in South Salt Lake.
    Where is this duplex located?
    The property is located at 3434 S 500 E South Salt Lake, UT.
    What is the asking price?
    The asking price for this property is $875,000.
    What are key features of this property?
    This property features: - Licensed and Transferable Short-Term Rental (STR) Permit: A rare chance for immediate STR operation.; - Consistent STR Revenue and Excellent Reviews: Proven income generation with a strong reputation.; - Fully Remodeled in 2021: Enjoy modern upgrades throughout.
    (801) 449-3000
    Request Owner's contact information
    3434 S 500 E South Salt Lake, UT 84106
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    3434 S 500 E
    South Salt Lake, UT 84106
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    3434 S 500 E South Salt Lake, UT 84106
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Kyler Story
    (801) 449-3000
    Learn more
    Google sign-in failed. Please try again or use another login method.