Remodeled Side-by-Side
1066 E MARKEA AVE Salt Lake City, UT 84102
For Sale
$1,075,000
Side-by-side duplex extensively remodeled in 2019 with updated plumbing, electrical, kitchens, baths, windows, and HVAC.
Property Size3,308 SF
Price / SF$324.97
Days on Market21
Property Features for 1066 E MARKEA AVE
General Information
- Standard status
- Active
- Size
- 3,308 SF
- Property subtype
- Duplex
Building Details
- Year Built
- 1906
Listing Agency:
Windermere Real Estate
(801) 502-3217
Listed By:
Michael Egan · License #5491658-SA00
(801) 502-3217
Source:
Liftrealty
Added: Jul 7
Changed: Jul 25
Last Checked: Jul 26 at 3:00PM
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 Windermere Real Estate
Investment Insights
Based on property information with market context.
This side-by-side duplex was extensively remodeled in 2019 with major updates throughout, including plumbing, electrical, kitchens, bathrooms, windows, and HVAC. Both units have been freshly painted, and the east unit also features brand-new carpet. The east unit is currently available, while the west unit is leased on a new 12-month lease.
The property is located three blocks from the University of Utah and near downtown, hospitals, and public transportation.
The east unit offers approximately 150 additional square feet compared to the west unit, along with a private fenced yard and off-street parking. The west unit is leased at $3,190 per month, providing immediate, stable income.
The property is located three blocks from the University of Utah and near downtown, hospitals, and public transportation.
The east unit offers approximately 150 additional square feet compared to the west unit, along with a private fenced yard and off-street parking. The west unit is leased at $3,190 per month, providing immediate, stable income.
Key Highlights
- Side‑by‑side duplex built in 1906, extensively remodeled in 2019 with updated plumbing, electrical, kitchens, bathrooms, windows, and HVAC.
- West unit is leased on a new 12‑month lease at $3,190/month for immediate, stable income.
- East unit is available for primary residency and includes approximately 150 additional SF, plus a private fenced yard and off‑street parking.
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $66.7k | $20.16 |
| − Vacancy | −$3.7k | −$1.11 |
| EGI | $63.0k | $19.05 |
| − OpEx | −$18.9k | −$5.72 |
| NOI | $44.1k | $13.34 |
3,308 SF · lease $20.16/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$630.2K
$551.4K – $735.3K
NOI $44,115 @ 7.0% cap · market cap 4.10%
Second Best
Apartment 5plus
$585.4K
$512.3K – $683.0K
NOI $40,981 @ 7.0% cap · market cap 3.81%
Theoretical Best
Office A
$891.2K
$779.8K – $1.04M
NOI $62,386 @ 7.0% cap · market cap 5.80%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Side-by-side duplex extensively remodeled in 2019 with updated plumbing, electrical, kitchens, baths, windows, and HVAC.
Where is this duplex located?
The property is located at 1066 E MARKEA AVE Salt Lake City, UT.
What is the asking price?
The asking price for this property is $1,075,000.
What are key features of this property?
This property features: Side‑by‑side duplex built in 1906, extensively remodeled in 2019 with updated plumbing, electrical, kitchens, bathrooms, windows, and HVAC.; West unit is leased on a new 12‑month lease at $3,190/month for immediate, stable income.; East unit is available for primary residency and includes approximately 150 additional SF, plus a private fenced yard and off‑street parking.
