Duplex with Detached
For Sale
$550,000
113 E WILSON AVE, Salt Lake City, UT 84115
Includes a detached unfinished ADU with a separate power meter and a deep garage offering workspace and vehicle capacity.
Property Size2,400 SF
Price / SF$229.17
Days on Market61
Property Features for 113 E WILSON AVE
General Information
Standard status
Active
Size
2,400 SF
Property subtype
Duplex
Amenities
covered front porch
hot tub
pergola
fenced yard
solar panels
workshop
Building Details
Building Size
2,400 SF
Year Built
1915
Listing Agency:
Ulrich REALTORS, Inc.
(801) 733-6555
Listed By:
Mike Ulrich
(801) 898-1699
Source:
Liftrealty
Added: Aug 15
Changed: Oct 13
Last Checked: Oct 12 at 8:36PM
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 Ulrich REALTORS, Inc.
Investment Insights
Based on property information with market context.
This duplex property at 113 E Wilson Ave includes approximately 2,400 square feet, with a large primary bedroom, double closets, an oversized kitchen pantry, stainless steel appliances, and a commercial-style hood vent. The home also features a covered front porch, covered patio with hot tub, pergola, fenced yard, and driveway. A new water heater and paid-off solar panels are included.
The extra-deep garage is four cars wide and has an 8-foot-tall door, dedicated heat, and its own thermostat. Half of the garage contains an office with workbenches and 220 power. A detached unfinished ADU measures 400 Sq Ft and includes a sewer stub, separate power meter, partially started electrical system, and building materials such as cabinets, sheetrock, flooring, lighting, a water heater, refrigerator, and mini-split AC unit. Square footage is approximate and subject to buyer verification.
The extra-deep garage is four cars wide and has an 8-foot-tall door, dedicated heat, and its own thermostat. Half of the garage contains an office with workbenches and 220 power. A detached unfinished ADU measures 400 Sq Ft and includes a sewer stub, separate power meter, partially started electrical system, and building materials such as cabinets, sheetrock, flooring, lighting, a water heater, refrigerator, and mini-split AC unit. Square footage is approximate and subject to buyer verification.
Key Highlights
- Duplex with a detached unfinished ADU measuring 400 Sq Ft
- Approximately 2,400 square feet; buyer to verify
- Extra‑deep garage is 4 car wide with an 8 ft tall door
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,006
Cap Rate
5.82%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$640,120
$640.1K
Cap Rate 7%
$457,229
$457.2K
Cap Rate 9%
$355,622
$355.6K
Market Conditions
NOI Build-Up for 2,400 SF
Gross rent
$48.4K $20.16/SF
− Vacancy
−$2.7K −$1.11/SF
EGI
$45.7K $19.05/SF
− OpEx
−$13.7K −$5.72/SF
NOI
$32.0K $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%
$640,120
Cap Rate 7%
$457,229
Cap Rate 9%
$355,622
Alternative Uses
Best Use
Multifamily LT 5
$457.2K
$400.1K – $533.4K
NOI $32,006 @ 7.0% cap · market cap 5.82%
Second Best
Apartment 5plus
$424.7K
$371.7K – $495.5K
NOI $29,732 @ 7.0% cap · market cap 5.41%
Theoretical Best
Office A
$646.6K
$565.8K – $754.4K
NOI $45,262 @ 7.0% cap · market cap 8.23%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Location Intelligence
Trade Area within ½ mile
1,494
Businesses Nearby
Explore this area
Business Placement
Demographics for 84115, UT
27,588
Population
13,899
Households
2
Avg Household Size
33
Median Age
33%
College-Educated
85%
High-School Grad
6.1 sq mi
ZIP Area
4,523
Density / Sq Mi
$61,505
Median Household Income
$43,785
Median Earnings
$1,263
Median Rent
$396,200
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
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Frequently Asked Questions
What type of property is this?
Duplex - Includes a detached unfinished ADU with a separate power meter and a deep garage offering workspace and vehicle capacity.
Where is this duplex located?
The property is located at 113 E WILSON AVE Salt Lake City, UT.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: Duplex with a detached unfinished ADU measuring 400 Sq Ft; Approximately 2,400 square feet; buyer to verify; Extra‑deep garage is 4 car wide with an 8 ft tall door
