Updated Side-by-Side
For Sale
$695,000
458 E LAMBOURNE Ave, Salt Lake City, UT 84115
Residential, Salt Lake City, UT
Property Size1,608 SF
Lot Size0.14 Acres
Price / SF$432.21
Days on Market196
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, Bathroom 2, Bedroom 2, Bedroom 3, Bedroom 4, Bathroom 1
Parking
5
Parking features
Tandem
Window features
Blinds
Patio and Porch features
Patio
Interior features
Disposal, Kitchen: Updated, Dishwasher: Built-In
Exterior features
Double Pane Windows, Out Buildings, Lighting, Patio: Covered
Lot features
Fenced: Full, Sidewalks, Sprinkler: Auto- Full, View: Mountain
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
Forced Air, Natural Gas, Central
Amenities
private fenced yard
dedicated laundry room
stainless steel appliances
Building Details
Year built
1974
Number of units
2
Flooring type
Tile, Vinyl
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: Sep 21
Last Checked: Sep 24 at 6:06AM
MLS# 2143211
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Investment Insights
Based on property information with market context.
This 1,608-square-foot side-by-side duplex contains two residences, each with 2 bedrooms, 1 bathroom, a family room, kitchen, and dedicated laundry room. The 0.14-acre property was built in 1974 and has undergone extensive updating, including LVP flooring, interior paint, replacement windows and doors, refreshed kitchens with white shaker cabinetry, quartz counters, and stainless steel appliances. Bathrooms include new tubs, tile surrounds, vanities, and toilets. Each unit also has a private fenced yard, while the property provides tandem parking.
Major improvements include newer furnaces, new central A/C units, new water heaters, a new roof, and new garage doors. The building is constructed of brick, with public sewer service, asphalt roofing, covered patio areas, and double-pane windows. Both units are vacant and available for occupancy. The property is zoned Multi-Family and is located in Salt Lake City near shopping, dining, schools, parks, and everyday amenities.
Major improvements include newer furnaces, new central A/C units, new water heaters, a new roof, and new garage doors. The building is constructed of brick, with public sewer service, asphalt roofing, covered patio areas, and double-pane windows. Both units are vacant and available for occupancy. The property is zoned Multi-Family and is located in Salt Lake City near shopping, dining, schools, parks, and everyday amenities.
Key Highlights
- Two‑unit side‑by‑side duplex with 1,608 square feet on a 0.14‑acre lot
- Each unit includes 2 bedrooms, 1 bathroom, kitchen, family room, and dedicated laundry
- Both residences are vacant and available for occupancy
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
3.09%
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 3.09%
Second Best
Apartment 5plus
$284.6K
$249.0K – $332.0K
NOI $19,921 @ 7.0% cap · market cap 2.87%
Theoretical Best
Office A
$433.2K
$379.1K – $505.4K
NOI $30,325 @ 7.0% cap · market cap 4.36%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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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 - Vacant two-unit property with refreshed interiors, private fenced yards, and updated major systems.
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 $695,000.
What are key features of this property?
This property features: Two‑unit side‑by‑side duplex with 1,608 square feet on a 0.14‑acre lot; Each unit includes 2 bedrooms, 1 bathroom, kitchen, family room, and dedicated laundry; Both residences are vacant and available for occupancy
