Add Listing
    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

    56 E GREGSON Ave S South Salt Lake, UT 84115

    View on Map
    New
    For Sale
    $369,000

    MULTI_FAMILY - Other - South Salt Lake, UT

    Property size:
    1,726 SF
    Lot size:
    0.15 Acres
    Added:
    Apr 8, 2026
    Days on Market:
    1
    Last Refresh:
    Apr 8 at 4:06 pm

    Property Features for 56 E GREGSON Ave S

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Zoning
    Commercial
    Bedrooms
    3
    Bathrooms
    2
    Rooms
    Bedroom 3, Bedroom 1, Bathroom 1, Bathroom 2, Bedroom 2
    Parking
    6
    Parking features
    Covered
    Window features
    Blinds
    Patio and Porch features
    Patio
    Interior features
    Range/Oven: Free Stdng.
    Exterior features
    Double Pane Windows, Patio: Covered
    Standard status
    Active
    APN
    16-30-153-008
    Size
    1,726 SF
    Lot size
    0.15 Acres

    Taxes and HOA fees

    Tax Annual Amount
    2805

    Utilities

    Heating system
    Wall Furnace, Forced Air

    Building Details

    Year built
    1942
    Floors in Building
    1
    Number of units
    2
    Flooring type
    Carpet, Laminate, Vinyl
    Building materials
    Aluminum
    Roof type
    Asphalt
    Architectural style
    Other

    We can help!

    Listing Contact
    Porter Criddle

    Listing agent Porter Criddle

    Listing office Investment Realty Advisors LLC 411 W 7200 S Ste 201, Salt Lake City, UT

    Listing date Apr 8, 2026

    MLS# 2148814

    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.

    Overview

    Duplex in South Salt Lake

    This property in South Salt Lake presents an investment opportunity featuring two houses on a single lot, currently operated as a duplex. The front unit includes 2 bedrooms and 1 bathroom and is rented for $1,350 per month, while the rear unit offers 1 bedroom and 1 bathroom with a rental income of $975 per month. Both houses are separately metered. The property is zoned CC (Commercial Corridor) with grandfathered residential use, which allows for future flexibility. The property size is 1,726 square feet and the lot size is 0.15 acres. The location provides convenient access to downtown, major roadways, and various amenities. The area is known for strong rental demand. Intended use is residential income. Please do not disturb tenants.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Map

    City
    South Salt Lake
    County
    Salt Lake
    State
    Utah
    Longitude
    -111.891
    Latitude
    40.7142

    Nearby Similar for Sale

    • $1,400,000

      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

      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
    • $1,150,000
      6,500 SF

      Mixed-Use Building Near Downtown SLC

      6,500 SF building with retail and warehouse space for sale.
      150 E 3300 S, South Salt Lake, UT 84115
      View Details
    • $1,225,000

      NNN Automotive Investment Opportunity

      Fully leased automotive property in South Salt Lake City.
      175 W CRYSTAL AVE, South Salt Lake, UT 84115
      View Details
    • $1,700,000

      South Salt Lake Flex Space

      Rare flex space with investment and owner occupancy potential.
      510 W BILLINIS RD, South Salt Lake, UT 84115
      View Details
    • $1,950,000
      3,136 SF

      Office Unit For Sale

      3,136 SqFt office unit available for purchase.
      158 W Oakland Ave, South Salt Lake, UT 84115
      View Details
    • $2,250,000
      3,250 SF

      Bank Building with Drive-Through

      3,250 SF bank building with drive-through on 0.82-acre lot.
      2714 S 300 W, South Salt Lake, UT 84115
      View Details
    • $1,700,000
      5,400 SF

      South Salt Lake Flex Space

      Versatile flex space suitable for investment or owner occupancy.
      510 W Billinis Rd, South Salt Lake, UT 84115
      View Details

    FAQs

    What type of property is this?
    Duplex - Two houses on one lot, excellent investment opportunity.
    Where is this duplex located?
    The property is located at 56 E GREGSON Ave S South Salt Lake, UT.
    What is the asking price?
    The asking price for this property is $369,000.
    What are key features of this property?
    This property features: Two houses on one lot, functioning as a duplex, providing immediate rental income.; Strong rental income: $1,350/month (2 bed, 1 bath) + $975/month (1 bed, 1 bath).; CC (Commercial Corridor) zoning with grandfathered residential use offers future development flexibility.
    (801) 694-5291
    We can help!
    Listing Contact
    Porter Criddle
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!