Two-Story Duplex with
For Sale
$886,900
5101 EMIGRATION CANYON Rd, Salt Lake City, UT 84108
Residential, Salt Lake City, UT
Property Size3,020 SF
Lot Size0.46 Acres
Price / SF$293.68
Days on Market25
Property Features for 5101 EMIGRATION CANYON Rd
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning description
6122
Bedrooms
6
Bathrooms
6
Full bathrooms
6
Rooms
Bedroom 4, Bedroom 1, Bedroom 2, Bedroom 5, Bedroom 6, Bathroom 4, Bathroom 1, Bathroom 2, Bedroom 3, Bathroom 5, Bathroom 3, Bathroom 6
Parking
8
Window features
Blinds
Patio and Porch features
Patio
Interior features
Bath: Primary, Disposal, Kitchen: Updated, Laundry Chute, Range/Oven: Free Stdng., Dishwasher: Built-In
Exterior features
Balcony, Patio: Open
Lot features
Secluded, Terrain: Grad Slope, View: Mountain
Elementary school
Eastwood
Middle school
Churchill
High school
Skyline
Elementary school district
Granite
Middle school district
Granite
High school district
Granite
Subdivision
Salt Lake City; Ft Douglas
Standard status
Active
APN
10-32-352-011
Size
3,020 SF
Lot size
0.46 Acres
Taxes and HOA fees
Tax Annual Amount
4051
Utilities
Sewer type
Septic Tank
Heating system
Forced Air
Water source
Well
Amenities
privacy fence
concrete patio
established landscaping
walk-in pantry
water softener system
Building Details
Year built
1977
Number of units
2
Flooring type
Tile, Carpet
Building materials
Concrete, Stucco
Roof type
Asphalt
Architectural style
Other
Listing Agency:
Intermountain Properties
(801) 899-9102
Listed By:
Chelsea Layne Baker
(801) 643-1125
Added: Jul 31
Changed: Aug 22
Last Checked: Aug 24 at 7:06AM
MLS# 2175886
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Investment Insights
Based on property information with market context.
This side-by-side, two-story duplex contains 3020 square feet on a .46-acre parcel, with separate East and West residences. Each side includes an attached two-car garage, asphalt driveway, updated main bathroom, large walk-in pantry, and private outdoor space. The East unit features an updated kitchen, new carpeting, refreshed paint, and an 800-square-foot concrete patio. The West unit adds two large rooms, a closet, and storage above the garages, along with an expansive landscaped yard and water softener system.
The property is served by a private well and two septic tanks, one for each duplex side. A new asphalt shingle roof, along with new fascia, soffits, and gutters, was installed July 31, 2026. Both residences have six-foot privacy fencing. Existing leases run through May 31, 2027, and June 30, 2027, respectively, and transfer with the sale. The property is located at 5101 and 5105 Emigration Canyon Rd in Salt Lake City.
The property is served by a private well and two septic tanks, one for each duplex side. A new asphalt shingle roof, along with new fascia, soffits, and gutters, was installed July 31, 2026. Both residences have six-foot privacy fencing. Existing leases run through May 31, 2027, and June 30, 2027, respectively, and transfer with the sale. The property is located at 5101 and 5105 Emigration Canyon Rd in Salt Lake City.
Key Highlights
- Side‑by‑side legal duplex with 3020 square feet on .46 acres
- Two attached two‑car garages with asphalt driveway access
- West side includes 800 sq. ft. of additional rooms, closet, and storage
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
$40,274
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
4.54%
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%
$805,480
$805.5K
Cap Rate 7%
$575,343
$575.3K
Cap Rate 9%
$447,489
$447.5K
Market Conditions
NOI Build-Up for 3,020 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
$60.9K $20.16/SF
− Vacancy
−$3.3K −$1.11/SF
EGI
$57.5K $19.05/SF
− OpEx
−$17.3K −$5.72/SF
NOI
$40.3K $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%
$805,480
Cap Rate 7%
$575,343
Cap Rate 9%
$447,489
Alternative Uses
Best Use
Multifamily LT 5
$575.3K
$503.4K – $671.2K
NOI $40,274 @ 7.0% cap · market cap 4.54%
Second Best
Apartment 5plus
$534.5K
$467.7K – $623.6K
NOI $37,413 @ 7.0% cap · market cap 4.22%
Theoretical Best
Office A
$813.6K
$711.9K – $949.2K
NOI $56,954 @ 7.0% cap · market cap 6.42%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
21
Businesses Nearby
Explore this area
Business Placement
Demographics for 84108, UT
21,261
Population
8,258
Households
2.6
Avg Household Size
35
Median Age
78%
College-Educated
98%
High-School Grad
72.2 sq mi
ZIP Area
294
Density / Sq Mi
$120,469
Median Household Income
$42,821
Median Earnings
$1,562
Median Rent
$759,800
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 - Side-by-side duplex with separate garages, private outdoor areas, updated interiors, and established residential tenancy.
Where is this duplex located?
The property is located at 5101 EMIGRATION CANYON Rd Salt Lake City, UT.
What is the asking price?
The asking price for this property is $886,900.
What are key features of this property?
This property features: Side‑by‑side legal duplex with 3020 square feet on .46 acres; Two attached two‑car garages with asphalt driveway access; West side includes 800 sq. ft. of additional rooms, closet, and storage
