Side-by-Side
For Sale
$775,000
1148 E 700 S, Salt Lake City, UT 84102
Each residence has two bedrooms and one bathroom, with an attached garage serving one unit.
Property Size3,110 SF
Price / SF$249.20
Days on Market15
Property Features for 1148 E 700 S
General Information
Standard status
Active
Size
3,110 SF
Property subtype
Multi-Family
Building Details
Year Built
1925
Listing Agency:
Garlington Group Real Estate
Listed By:
The Evans Team
(385) 335-0618
Source:
Evansteamutah
Added: Sep 30
Changed: Oct 13
Last Checked: Oct 12 at 7:56PM
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 Garlington Group Real Estate
Investment Insights
Based on property information with market context.
The duplex consists of two side-by-side residences, each with two bedrooms and one bathroom. An attached one-car garage serves one of the units. The property was built in 1925 and is tenant-occupied.
Located at 1148 E 700 S in Salt Lake City, the property is within walking distance of the University of Utah. Shopping, dining, parks, and transportation are also nearby.
Located at 1148 E 700 S in Salt Lake City, the property is within walking distance of the University of Utah. Shopping, dining, parks, and transportation are also nearby.
Key Highlights
- Two residences, each with 2 bedrooms and 1 bathroom
- Attached one‑car garage serving one unit
- Built in 1925
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$41,474
Cap Rate
5.35%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$829,480
$829.5K
Cap Rate 7%
$592,486
$592.5K
Cap Rate 9%
$460,822
$460.8K
Market Conditions
NOI Build-Up for 3,110 SF
Gross rent
$62.7K $20.16/SF
− Vacancy
−$3.4K −$1.11/SF
EGI
$59.2K $19.05/SF
− OpEx
−$17.8K −$5.72/SF
NOI
$41.5K $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 Rate 5%
$829,480
Cap Rate 7%
$592,486
Cap Rate 9%
$460,822
Alternative Uses
Best Use
Multifamily LT 5
$592.5K
$518.4K – $691.2K
NOI $41,474 @ 7.0% cap · market cap 5.35%
Second Best
Apartment 5plus
$550.4K
$481.6K – $642.1K
NOI $38,528 @ 7.0% cap · market cap 4.97%
Theoretical Best
Office A
$837.9K
$733.2K – $977.5K
NOI $58,652 @ 7.0% cap · market cap 7.57%
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
988
Businesses Nearby
Explore this area
Business Placement
Demographics for 84102, UT
18,857
Population
11,348
Households
1.7
Avg Household Size
29
Median Age
56%
College-Educated
94%
High-School Grad
1.9 sq mi
ZIP Area
9,925
Density / Sq Mi
$50,040
Median Household Income
$32,432
Median Earnings
$1,305
Median Rent
$487,200
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 - Each residence has two bedrooms and one bathroom, with an attached garage serving one unit.
Where is this duplex located?
The property is located at 1148 E 700 S Salt Lake City, UT.
What is the asking price?
The asking price for this property is $775,000.
What are key features of this property?
This property features: Two residences, each with 2 bedrooms and 1 bathroom; Attached one‑car garage serving one unit; Built in 1925
