Brick Triplex with Hardwood
For Sale
$1,100,000
1054 S 900 E, Salt Lake City, UT 84105
Residential, Salt Lake City, UT
Property Size3,889 SF
Lot Size0.18 Acres
Price / SF$282.85
Days on Market94
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
Bathroom 3, Bathroom 4, Bedroom 6, Bedroom 3, Bathroom 1, Den, Bathroom 2, Bedroom 5, Bedroom 2, Bedroom 1, Bedroom 4
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: Sep 13
Last Checked: Sep 27 at 12:06PM
MLS# 2168367
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Investment Insights
Based on property information with market context.
This 3,889-square-foot brick triplex, built in 1902, contains three distinct living spaces and combines original hardwood flooring with practical updates. Interior features include an updated kitchen, standalone range and oven, walk-in closet, den or office, primary bath, forced-air heat, and covered parking. An open porch adds exterior living space, while the asphalt roof supports the property’s established construction profile.
Set in Salt Lake City’s 9th & 9th neighborhood, the property is near restaurants, coffee shops, boutiques, Liberty Park, the University of Utah, and downtown Salt Lake City. The 0.18-acre site is zoned Multi-Family, supporting the property’s triplex configuration and flexible residential use.
Set in Salt Lake City’s 9th & 9th neighborhood, the property is near restaurants, coffee shops, boutiques, Liberty Park, the University of Utah, and downtown Salt Lake City. The 0.18-acre site is zoned Multi-Family, supporting the property’s triplex configuration and flexible residential use.
Key Highlights
- Triplex configuration with three separate living spaces
- 3,889 square feet on a 0.18‑acre lot
- Built in 1902 with brick construction and hardwood flooring
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
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Current Use
Lease Details
3
Residential units
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
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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?
Triplex - Three separate living spaces offer flexible occupancy under Multi-Family zoning in Salt Lake City’s 9th & 9th neighborhood.
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: Triplex configuration with three separate living spaces; 3,889 square feet on a 0.18‑acre lot; Built in 1902 with brick construction and hardwood flooring
