Triplex with Open
For Sale
$1,100,000
1054 S 900 E, Salt Lake City, UT 84105
MULTI_FAMILY - Other - Salt Lake City, UT
Property Size3,889 SF
Lot Size0.18 Acres
Price / SF$282.85
Days on Market47
Property Features for 1054 S 900 E
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
Multi-Family
Zoning description
RES
Bedrooms
6
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 4, Bathroom 1, Bathroom 2, Bathroom 4, Bedroom 3, Bedroom 6, Den, Bedroom 2, Bathroom 3, Bedroom 1, Bedroom 5
Parking
5
Parking features
Covered
Patio and Porch features
Porch
Interior features
Bath: Primary, Closet: Walk-In, Den/Office, Kitchen: Updated, Range/Oven: Free Stdng.
Exterior features
Porch: Open
Lot features
Fenced: Full, Road: Paved, Sidewalks, Sprinkler: Auto- Part
Elementary school
Emerson
Middle school
Clayton
High school
East
Elementary school district
Salt Lake
Middle school district
Salt Lake
High school district
Salt Lake
Subdivision
Salt Lake City; So. Salt Lake
Standard status
Active
APN
16-08-326-027
Size
3,889 SF
Lot size
0.18 Acres
Taxes and HOA fees
Tax Annual Amount
4178
Utilities
Heating system
Forced Air
Building Details
Year built
1902
Number of units
3
Flooring type
Hardwood
Building materials
Brick
Roof type
Asphalt
Architectural style
Other
Listing Agency:
KW Success Keller Williams Realty
(801) 866-1934
Listed By:
Justin M Yoder
(801) 245-0829
Added: Jun 26
Changed: Aug 1
Last Checked: Aug 11 at 9:06PM
MLS# 2168367
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Investment Insights
Based on property information with market context.
This triplex at 1054 S 900 E in Salt Lake City offers three separate living spaces, with the owner’s residence described as functioning like a single-family home alongside two additional rental units. The property includes a brick exterior, open porch, and an asphalt roof. Interior features noted include a den/office, updated kitchen, hardwood flooring, forced-air heating, and multiple bedrooms and bathrooms, including a primary bath and a walk-in closet.
Zoned Multi-Family, the layout is designed to support flexible occupancy such as living in one unit while renting the others or accommodating extended family with privacy.
The home was built in 1902 and sits on a 0.18-acre lot. Size is listed at 3,889 square feet, with covered parking available. The combination of historic character elements and modern interior updates is reflected in the included features and finishes.
Zoned Multi-Family, the layout is designed to support flexible occupancy such as living in one unit while renting the others or accommodating extended family with privacy.
The home was built in 1902 and sits on a 0.18-acre lot. Size is listed at 3,889 square feet, with covered parking available. The combination of historic character elements and modern interior updates is reflected in the included features and finishes.
Key Highlights
- Three separate living spaces in a triplex setup
- 3,889 SF on a 0.18‑acre lot
- Brick exterior with open porch and asphalt roof
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
$51,863
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
4.71%
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%
$1,037,260
$1.0M
Cap Rate 7%
$740,900
$740.9K
Cap Rate 9%
$576,256
$576.3K
Market Conditions
NOI Build-Up for 3,889 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
$78.4K $20.16/SF
− Vacancy
−$4.3K −$1.11/SF
EGI
$74.1K $19.05/SF
− OpEx
−$22.2K −$5.72/SF
NOI
$51.9K $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%
$1,037,260
Cap Rate 7%
$740,900
Cap Rate 9%
$576,256
Alternative Uses
Best Use
Multifamily LT 5
$740.9K
$648.3K – $864.4K
NOI $51,863 @ 7.0% cap · market cap 4.71%
Second Best
Apartment 5plus
$688.3K
$602.2K – $803.0K
NOI $48,179 @ 7.0% cap · market cap 4.38%
Theoretical Best
Office A
$1.05M
$916.8K – $1.22M
NOI $73,343 @ 7.0% cap · market cap 6.67%
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
853
Businesses Nearby
Explore this area
Business Placement
Demographics for 84105, UT
22,856
Population
10,953
Households
2.1
Avg Household Size
35
Median Age
66%
College-Educated
97%
High-School Grad
3.1 sq mi
ZIP Area
7,373
Density / Sq Mi
$94,145
Median Household Income
$52,785
Median Earnings
$1,482
Median Rent
$632,200
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?
Triplex - Brick triplex with an open porch, forced-air heat, and covered parking.
Where is this triplex located?
The property is located at 1054 S 900 E Salt Lake City, UT.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: Three separate living spaces in a triplex setup; 3,889 SF on a 0.18‑acre lot; Brick exterior with open porch and asphalt roof
