Duplex with Detached
New
For Sale
$579,900
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$241.63
Days on Market7
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) 898-1699
Listed By:
Mike Ulrich
(801) 898-1699
Source:
Liftrealty
Added: Aug 15
Changed: Aug 20
Last Checked: Aug 20 at 4:13AM
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 = 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
$32,006
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
5.52%
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%
$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
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
$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 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%
$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 5.52%
Second Best
Apartment 5plus
$424.7K
$371.7K – $495.5K
NOI $29,732 @ 7.0% cap · market cap 5.13%
Theoretical Best
Office A
$646.6K
$565.8K – $754.4K
NOI $45,262 @ 7.0% cap · market cap 7.81%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
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
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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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 $579,900.
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
