Renovated
For Sale
$869,000
1026 E PERRYWILL AVE, Salt Lake City, UT 84124
Both units received extensive interior updates, with occupancy flexibility for an owner occupant.
Property Size3,868 SF
Days on Market58
Property Features for 1026 E PERRYWILL AVE
General Information
Standard status
Active
Size
3,868 SF
Property subtype
Duplex
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$4,965
Building Details
Building Size
3,868 SF
Year Built
1969
Listing Agency:
Canovo Group
Listed By:
David T Robinson
(801) 850-5700
Source:
Acresutah
Added: Aug 18
Changed: Sep 29
Last Checked: Oct 13 at 12:50AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Canovo Group
Investment Insights
Based on property information with market context.
This duplex, built in 1969, has undergone full interior renovations since 2020. Improvements include kitchen cabinetry, countertops, flooring, dishwashers, microwaves, stoves, disposals, and faucets, along with updated bathroom tubs, toilets, tile, flooring, baseboards, lighting, and blinds. Both furnaces were replaced in 2019, and the roof was replaced in 2012.
The property is located at 1026 E Perrywill Ave in Salt Lake City, Utah. The owner currently pays water, sewer, and garbage expenses. One unit is scheduled to become available for an owner occupant on October 1st, subject to the existing occupancy timeline.
The property is located at 1026 E Perrywill Ave in Salt Lake City, Utah. The owner currently pays water, sewer, and garbage expenses. One unit is scheduled to become available for an owner occupant on October 1st, subject to the existing occupancy timeline.
Key Highlights
- Full interior renovations completed since 2020
- Updated kitchens with new cabinets, countertops, flooring, and appliances
- Bathrooms updated with tubs, toilets, tile, flooring, lighting, and blinds
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$51,583
Cap Rate
5.94%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,031,660
$1.0M
Cap Rate 7%
$736,900
$736.9K
Cap Rate 9%
$573,144
$573.1K
Market Conditions
NOI Build-Up for 3,868 SF
Gross rent
$78.0K $20.16/SF
− Vacancy
−$4.3K −$1.11/SF
EGI
$73.7K $19.05/SF
− OpEx
−$22.1K −$5.72/SF
NOI
$51.6K $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 Rate 5%
$1,031,660
Cap Rate 7%
$736,900
Cap Rate 9%
$573,144
Alternative Uses
Best Use
Multifamily LT 5
$736.9K
$644.8K – $859.7K
NOI $51,583 @ 7.0% cap · market cap 5.94%
Second Best
Apartment 5plus
$684.6K
$599.0K – $798.7K
NOI $47,919 @ 7.0% cap · market cap 5.51%
Theoretical Best
Office A
$1.04M
$911.8K – $1.22M
NOI $72,947 @ 7.0% cap · market cap 8.39%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,737
Businesses Nearby
Explore this area
Business Placement
Demographics for 84124, UT
22,872
Population
8,976
Households
2.5
Avg Household Size
38
Median Age
60%
College-Educated
98%
High-School Grad
7.7 sq mi
ZIP Area
2,970
Density / Sq Mi
$117,500
Median Household Income
$53,551
Median Earnings
$1,460
Median Rent
$704,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Duplex - Both units received extensive interior updates, with occupancy flexibility for an owner occupant.
Where is this duplex located?
The property is located at 1026 E PERRYWILL AVE Salt Lake City, UT.
What is the asking price?
The asking price for this property is $869,000.
What are key features of this property?
This property features: Full interior renovations completed since 2020; Updated kitchens with new cabinets, countertops, flooring, and appliances; Bathrooms updated with tubs, toilets, tile, flooring, lighting, and blinds
