Duplex with Solar and Battery
For Sale
$950,000
Pending
1131 S 800 E, Salt Lake City, UT 84105
Up and down two-story duplex with solar panels and a battery wall plus mini-split cooling systems.
Property Size2 SF
Days on Market63
Property Features for 1131 S 800 E
General Information
Standard status
Pending
Size
2 SF
Total Parking Spaces
2
Property subtype
Duplex
Additional Details
Multifamily Units
2
Amenities
solar panels with battery wall
mini-split cooling
front porch
upper deck
Building Details
Building Size
2 SF
Year Built
1907
Buildings
1
Stories
2
Listing Agency:
Chapman-Richards & Associates, Inc.
(801) 278-4414
Listed By:
Janis Bennion
(801) 554-1761
Source:
Liftrealty
Added: Jul 19
Changed: Sep 18
Last Checked: Sep 18 at 6:13AM
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 Chapman-Richards & Associates, Inc.
Investment Insights
Based on property information with market context.
This two-story, up and down duplex is offered as a well-maintained income property built in 1907. The home includes double-pane wood windows and mini-split cooling systems, and has been updated with a rebuilt front porch and an upper deck featuring mountain views. Solar panels paired with a battery wall are included to support on-site energy storage. An oversize 2-car garage with a workbench adds practical space for tools, storage, and everyday use.
The property is located at 1131 S 800 E in Salt Lake City, UT 84105 on a tree-lined street.
Square footage is provided as a courtesy estimate only, and buyers are advised to obtain an independent measurement.
The property is located at 1131 S 800 E in Salt Lake City, UT 84105 on a tree-lined street.
Square footage is provided as a courtesy estimate only, and buyers are advised to obtain an independent measurement.
Key Highlights
- Solar panels with a battery wall
- Two‑story up and down duplex
- Mini‑split cooling systems
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
$36,460
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
3.84%
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%
$729,200
$729.2K
Cap Rate 7%
$520,857
$520.9K
Cap Rate 9%
$405,111
$405.1K
Market Conditions
NOI Build-Up for 2,734 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
$55.1K $20.16/SF
− Vacancy
−$3.0K −$1.11/SF
EGI
$52.1K $19.05/SF
− OpEx
−$15.6K −$5.72/SF
NOI
$36.5K $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%
$729,200
Cap Rate 7%
$520,857
Cap Rate 9%
$405,111
Alternative Uses
Best Use
Multifamily LT 5
$520.9K
$455.8K – $607.7K
NOI $36,460 @ 7.0% cap · market cap 3.84%
Second Best
Apartment 5plus
$483.9K
$423.4K – $564.5K
NOI $33,870 @ 7.0% cap · market cap 3.57%
Theoretical Best
Office A
$736.6K
$644.5K – $859.4K
NOI $51,561 @ 7.0% cap · market cap 5.43%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
697
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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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Duplex - Up and down two-story duplex with solar panels and a battery wall plus mini-split cooling systems.
Where is this duplex located?
The property is located at 1131 S 800 E Salt Lake City, UT.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: Solar panels with a battery wall; Two‑story up and down duplex; Mini‑split cooling systems
