2-Unit Duplex
For Sale
$895,000
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$246.29
Days on Market51
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:
Realtypath LLC
Listed By:
Belknap Team
(385) 352-6210
Source:
Forsaleutahrealestate
Added: Aug 28
Changed: Oct 16
Last Checked: Oct 16 at 9:01AM
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 Realtypath LLC
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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 / Yr
$48,462
Cap Rate
5.41%
Suggested Prices Based on Cap Rates
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
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 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 5.41%
Second Best
Apartment 5plus
$643.1K
$562.8K – $750.3K
NOI $45,020 @ 7.0% cap · market cap 5.03%
Theoretical Best
Office A
$979.1K
$856.7K – $1.14M
NOI $68,534 @ 7.0% cap · market cap 7.66%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
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 $895,000.
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
