Duplex with Basement
For Sale
$749,876
1167 S Haight Creek Dr, Kaysville, UT 84037
Dedicated laundry and HVAC serve the lower residence, with extra parking available for occupants or an RV.
Property Size3,136 SF
Price / SF$239.12
Days on Market8
Property Features for 1167 S Haight Creek Dr
General Information
Standard status
Active
Size
3,136 SF
Property subtype
Multi-Family
Site & Location
Highway Access
Yes
Public Transit
Yes
Additional Details
Multifamily Units
2
Building Details
Year Built
2024
Buildings
1
Listing Agency:
Paradise Real Estate
(385) 352-6210
Listed By:
Belknap Team
(385) 352-6210
Source:
Forsaleutahrealestate
Added: Aug 22
Changed: Aug 28
Last Checked: Aug 28 at 10:14AM
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 Paradise Real Estate
Investment Insights
Based on property information with market context.
Built in 2024, this 3,136 SF rambler combines a primary residence with a daylight walkout basement apartment. The main-level home features an open layout, a flex room, quartz kitchen counters, full-height cabinetry, tray ceilings, a spacious primary suite, mudroom storage, and an attached garage. LVT flooring covers the main living areas, while the bedrooms have blackout cellular shades. The property was constructed with energy-efficient features, including a tankless water heater.
The lower residence has its own laundry, furnace, and AC heat pump, along with a private patio. An insulated separating wall and secured connecting door provide separation between the units. Additional two-car-wide parking accommodates basement occupants or an RV. The property is zoned for duplex use, subject to city approval as a duplex, and is located near shopping, freeway access, Davis Tech, and public transportation.
The lower residence has its own laundry, furnace, and AC heat pump, along with a private patio. An insulated separating wall and secured connecting door provide separation between the units. Additional two-car-wide parking accommodates basement occupants or an RV. The property is zoned for duplex use, subject to city approval as a duplex, and is located near shopping, freeway access, Davis Tech, and public transportation.
Key Highlights
- Daylight walkout basement apartment with private patio
- Lower residence includes its own laundry, furnace, and AC heat pump
- PropertySize: 3136; built in 2024
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
$38,501
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
5.13%
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%
$770,020
$770.0K
Cap Rate 7%
$550,014
$550.0K
Cap Rate 9%
$427,789
$427.8K
Market Conditions
NOI Build-Up for 3,136 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
$60.8K $19.38/SF
− Vacancy
−$5.8K −$1.84/SF
EGI
$55.0K $17.54/SF
− OpEx
−$16.5K −$5.26/SF
NOI
$38.5K $12.28/SF
Area
Davis County, UT
Vacancy
9.50%
Lease Rate
$19.38 /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%
$770,020
Cap Rate 7%
$550,014
Cap Rate 9%
$427,789
Alternative Uses
Best Use
Multifamily LT 5
$550.0K
$481.3K – $641.7K
NOI $38,501 @ 7.0% cap · market cap 5.13%
Second Best
Apartment 5plus
$509.6K
$445.9K – $594.5K
NOI $35,672 @ 7.0% cap · market cap 4.76%
Theoretical Best
Office A
$724.3K
$633.8K – $845.0K
NOI $50,700 @ 7.0% cap · market cap 6.76%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
136
Businesses Nearby
Explore this area
Business Placement
Demographics for 84037, UT
39,763
Population
11,370
Households
3.5
Avg Household Size
31
Median Age
51%
College-Educated
98%
High-School Grad
48.6 sq mi
ZIP Area
818
Density / Sq Mi
$130,258
Median Household Income
$51,875
Median Earnings
$1,482
Median Rent
$603,500
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Dedicated laundry and HVAC serve the lower residence, with extra parking available for occupants or an RV.
Where is this duplex located?
The property is located at 1167 S Haight Creek Dr Kaysville, UT.
What is the asking price?
The asking price for this property is $749,876.
What are key features of this property?
This property features: Daylight walkout basement apartment with private patio; Lower residence includes its own laundry, furnace, and AC heat pump; PropertySize: 3136; built in 2024
