2-Unit Duplex
New
For Sale
$915,000
1162 E 300 S, Salt Lake City, UT 84102
Central Salt Lake City property with access to the University of Utah and downtown.
Property Size3,634 SF
Lot Size0.15 Acres
Price / SF$251.79
Days on Market6
Property Features for 1162 E 300 S
General Information
Standard status
Active
Size
3,634 SF
Total Parking Spaces
5
Lot size
0.15 Acres
Property subtype
Multi-Family
Additional Details
Multifamily Units
2
Building Details
Year Built
1913
Listing Agency:
Updwell Realty LLC
(385) 352-6210
Listed By:
Belknap Team · License #9181934-SA00
(385) 352-6210
Source:
Forsaleutahrealestate
Added: Aug 28
Changed: Aug 29
Last Checked: Sep 1 at 6:38PM
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 Updwell Realty LLC
Investment Insights
Based on property information with market context.
Located at 1162 E 300 S in Salt Lake City, this duplex contains two residential units with a combined 6 bedrooms, 3 bathrooms, and 3,634 SF of property size. The improvements date to 1913, and the 6,534 SF lot includes five off-street parking spaces.
The property is near the University of Utah and downtown Salt Lake City, with restaurants, shopping, parks, and major transportation routes also identified in the surrounding area. Its two-unit layout provides a defined multifamily configuration with substantial residential space in a central Salt Lake City setting.
The property is near the University of Utah and downtown Salt Lake City, with restaurants, shopping, parks, and major transportation routes also identified in the surrounding area. Its two-unit layout provides a defined multifamily configuration with substantial residential space in a central Salt Lake City setting.
Key Highlights
- Two residential units with 6 bedrooms and 3 bathrooms
- 3,634 SF property size on a 6,534 SF lot
- Five off‑street parking spaces
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
$48,462
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
5.30%
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%
$969,240
$969.2K
Cap Rate 7%
$692,314
$692.3K
Cap Rate 9%
$538,467
$538.5K
Market Conditions
NOI Build-Up for 3,634 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
$73.3K $20.16/SF
− Vacancy
−$4.0K −$1.11/SF
EGI
$69.2K $19.05/SF
− OpEx
−$20.8K −$5.72/SF
NOI
$48.5K $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%
$969,240
Cap Rate 7%
$692,314
Cap Rate 9%
$538,467
Alternative Uses
Best Use
Multifamily LT 5
$692.3K
$605.8K – $807.7K
NOI $48,462 @ 7.0% cap · market cap 5.30%
Second Best
Apartment 5plus
$643.1K
$562.8K – $750.3K
NOI $45,020 @ 7.0% cap · market cap 4.92%
Theoretical Best
Office A
$979.1K
$856.7K – $1.14M
NOI $68,534 @ 7.0% cap · market cap 7.49%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,823
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
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 - Central Salt Lake City property with access to the University of Utah and downtown.
Where is this duplex located?
The property is located at 1162 E 300 S Salt Lake City, UT.
What is the asking price?
The asking price for this property is $915,000.
What are key features of this property?
This property features: Two residential units with 6 bedrooms and 3 bathrooms; 3,634 SF property size on a 6,534 SF lot; Five off‑street parking spaces
