Side-by-Side Duplex with Covered
For Sale
$699,900
458 E LAMBOURNE Ave, Salt Lake City, UT 84115
MULTI_FAMILY - Other - Salt Lake City, UT
Property Size1,608 SF
Lot Size0.14 Acres
Price / SF$435.26
Days on Market149
Property Features for 458 E LAMBOURNE Ave
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
Multi-Family
Zoning description
12076
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 1, Bedroom 2, Bedroom 4, Bathroom 1, Bedroom 3, Bathroom 2
Parking
5
Patio and Porch features
Patio
Interior features
Disposal, Kitchen: Updated
Exterior features
Double Pane Windows, Out Buildings, Lighting, Patio: Covered
Lot features
Fenced: Full
Elementary school
Lincoln
Middle school
Granite Park
High school
Cottonwood
Elementary school district
Granite
Middle school district
Granite
High school district
Granite
Subdivision
Salt Lake City; So. Salt Lake
Standard status
Active
APN
16-30-406-009
Size
1,608 SF
Lot size
0.14 Acres
Taxes and HOA fees
Tax Annual Amount
2488
Utilities
Sewer type
Public Sewer
Heating system
Central, Natural Gas
Building Details
Year built
1974
Number of units
2
Flooring type
Vinyl, Tile
Building materials
Brick
Roof type
Asphalt
Architectural style
Other
Listing Agency:
Realtypath LLC (Platinum)
(801) 386-5908
Listed By:
Mark Dunn
(435) 849-5914
Added: Mar 13
Changed: Aug 2
Last Checked: Aug 8 at 8:06AM
MLS# 2143211
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.
Side-by-side duplex built in 1974, fully remodeled in 2022 with new windows, roof, siding/soffit/facia/gutters, interior and exterior doors, door knobs, and updated finishes throughout. Improvements include new furnaces and water heaters, LVP flooring, new paint and lighting, updated closets, and renovated kitchens with shaker cabinets, quartz countertops, and stainless steel appliances. Each unit has its own laundry hookups, a 1-car garage, its own gas meter and electrical meter. Bathrooms were updated with new plumbing, tile, toilets, tubs, vanities, and fixtures.
Exterior features include double pane windows, brick construction, asphalt roofing, public sewer, and central natural gas heating. The property also includes a covered patio, out buildings, and exterior lighting. Since the photos were taken, each yard has its own fence and there is a gravel parking area in the back. Buyer to verify all.
Exterior features include double pane windows, brick construction, asphalt roofing, public sewer, and central natural gas heating. The property also includes a covered patio, out buildings, and exterior lighting. Since the photos were taken, each yard has its own fence and there is a gravel parking area in the back. Buyer to verify all.
Key Highlights
- Fully remodeled in 2022 with new windows, roof, and siding/soffit/facia/gutters
- Each unit has private laundry hookups plus its own 1‑car garage, gas meter, and electrical meter
- Updated kitchens with shaker cabinets, quartz countertops, and stainless steel appliances
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
$21,444
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
3.06%
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%
$428,880
$428.9K
Cap Rate 7%
$306,343
$306.3K
Cap Rate 9%
$238,267
$238.3K
Market Conditions
NOI Build-Up for 1,608 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
$32.4K $20.16/SF
− Vacancy
−$1.8K −$1.11/SF
EGI
$30.6K $19.05/SF
− OpEx
−$9.2K −$5.72/SF
NOI
$21.4K $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 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%
$428,880
Cap Rate 7%
$306,343
Cap Rate 9%
$238,267
Alternative Uses
Best Use
Multifamily LT 5
$306.3K
$268.1K – $357.4K
NOI $21,444 @ 7.0% cap · market cap 3.06%
Second Best
Apartment 5plus
$284.6K
$249.0K – $332.0K
NOI $19,921 @ 7.0% cap · market cap 2.85%
Theoretical Best
Office A
$433.2K
$379.1K – $505.4K
NOI $30,325 @ 7.0% cap · market cap 4.33%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
947
Businesses Nearby
Explore this area
Business Placement
Demographics for 84115, UT
27,588
Population
13,899
Households
2
Avg Household Size
33
Median Age
33%
College-Educated
85%
High-School Grad
6.1 sq mi
ZIP Area
4,523
Density / Sq Mi
$61,505
Median Household Income
$43,785
Median Earnings
$1,263
Median Rent
$396,200
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Remodeled side-by-side duplex featuring central natural gas heating, private laundry hookups, and a covered patio.
Where is this duplex located?
The property is located at 458 E LAMBOURNE Ave Salt Lake City, UT.
What is the asking price?
The asking price for this property is $699,900.
What are key features of this property?
This property features: Fully remodeled in 2022 with new windows, roof, and siding/soffit/facia/gutters; Each unit has private laundry hookups plus its own 1‑car garage, gas meter, and electrical meter; Updated kitchens with shaker cabinets, quartz countertops, and stainless steel appliances
