Remodeled
For Sale
$712,864
1145 KENSINGTON Ave, Salt Lake City, UT 84105
Residential, Salt Lake City, UT
Property Size2,597 SF
Lot Size0.13 Acres
Price / SF$274.50
Days on Market146
Property Features for 1145 KENSINGTON Ave
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning description
R-2
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Bedroom 2, Bedroom 4, Bedroom 3, Bedroom 1, Bathroom 1
Parking
4
Subdivision
NORWOOD PLACE
Elementary school
None/Other
Middle school
None/Other
High school
None/Other
Standard status
Active
APN
16-17-210-026
Size
2,597 SF
Lot size
0.13 Acres
Taxes and HOA fees
Tax Annual Amount
3399
Utilities
Heating system
Natural Gas, Central, Forced Air
Building Details
Year built
1892
Number of units
2
Building materials
Stucco
Roof type
Asphalt
Architectural style
Other
Listing Agency:
Unite Real Estate
Listed By:
Kelly Ercanbrack
(801) 372-4747
Added: Apr 11
Changed: Aug 22
Last Checked: Sep 3 at 10:06AM
MLS# 2150233
Copyright © 2026 UtahRealEstate.com. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This duplex at 1145 KENSINGTON Ave offers 2597 square feet across two residential units. Interior improvements include refreshed kitchens, updated bathrooms, new flooring, and upgraded fixtures, while the property retains elements of its original character. The building dates to 1892 and features stucco construction, an asphalt roof, and central forced-air heating fueled by natural gas.
Set in Salt Lake City’s Sugar House area, the property is near shopping, dining, parks, public transit, and outdoor recreation. Westminster College is within walking distance, with the University of Utah and Salt Lake Community College also identified in the surrounding area. The 0.13-acre parcel is located at 1145 KENSINGTON Ave, Salt Lake City, UT 84105.
Set in Salt Lake City’s Sugar House area, the property is near shopping, dining, parks, public transit, and outdoor recreation. Westminster College is within walking distance, with the University of Utah and Salt Lake Community College also identified in the surrounding area. The 0.13-acre parcel is located at 1145 KENSINGTON Ave, Salt Lake City, UT 84105.
Key Highlights
- Two‑unit duplex with 2597 square feet of building area
- 0.13‑acre parcel at 1145 KENSINGTON Ave, Salt Lake City, UT 84105
- Updated kitchens, bathrooms, flooring, and fixtures in both units
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
$34,633
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
4.86%
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%
$692,660
$692.7K
Cap Rate 7%
$494,757
$494.8K
Cap Rate 9%
$384,811
$384.8K
Market Conditions
NOI Build-Up for 2,597 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
$52.4K $20.16/SF
− Vacancy
−$2.9K −$1.11/SF
EGI
$49.5K $19.05/SF
− OpEx
−$14.8K −$5.72/SF
NOI
$34.6K $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%
$692,660
Cap Rate 7%
$494,757
Cap Rate 9%
$384,811
Alternative Uses
Best Use
Multifamily LT 5
$494.8K
$432.9K – $577.2K
NOI $34,633 @ 7.0% cap · market cap 4.86%
Second Best
Apartment 5plus
$459.6K
$402.2K – $536.2K
NOI $32,173 @ 7.0% cap · market cap 4.51%
Theoretical Best
Office A
$699.7K
$612.2K – $816.3K
NOI $48,977 @ 7.0% cap · market cap 6.87%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
815
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
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 - Updated interiors include refreshed kitchens, upgraded bathrooms, new flooring, and modern fixtures throughout both units.
Where is this duplex located?
The property is located at 1145 KENSINGTON Ave Salt Lake City, UT.
What is the asking price?
The asking price for this property is $712,864.
What are key features of this property?
This property features: Two‑unit duplex with 2597 square feet of building area; 0.13‑acre parcel at 1145 KENSINGTON Ave, Salt Lake City, UT 84105; Updated kitchens, bathrooms, flooring, and fixtures in both units
