Side-by-Side Duplex With
1216 S LYMAN CT Salt Lake City, UT 84105
1216 S LYMAN CT, Salt Lake City, UT, 84105
$500,000
For Sale
$500,000
Legal, conforming side-by-side duplex sold as-is, with updates in one unit and an upstairs loft in one side.
Property Size1,754 SF
Price / SF$285.06
Days on Market13
Property Features for 1216 S LYMAN CT
General Information
- Standard status
- Active
- Size
- 1,754 SF
- Property subtype
- Duplex
Building Details
- Year Built
- 1917
Listing agency
cityhome COLLECTIVE
(801) 918-4195
Listed by
Jennifer s. Hadfield
(801) 918-4195
Source
Liftrealty
Added: Jul 10 Updated: Jul 21 at 2:12AM Checked: Jul 22 at 5:18AM
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 cityhome COLLECTIVE
Investment Insights
Based on property information with market context.
This legal, conforming side-by-side duplex offers two residential units with individual utility updates noted in the remarks. One unit has updated electrical and other updates, while the other is described as ready for updates. One side also features an upstairs loft, adding flexible living space within the duplex layout. The property is being sold as-is, with offers subject to lender approval.
The duplex is located at 1216 S Lyman Ct in Salt Lake City, tucked away at the end of a quiet, tree-lined dead-end street. The remarks indicate proximity to the University of Utah, the shops and restaurants of 9th & 9th, and Liberty Park. Showings are available by appointment only; please contact Jennifer Hadfield to schedule and do not disturb the tenants.
Square footage per side is an estimate only; buyers are advised to verify all information. All offers must be accompanied by a pre-qualification letter.
The duplex is located at 1216 S Lyman Ct in Salt Lake City, tucked away at the end of a quiet, tree-lined dead-end street. The remarks indicate proximity to the University of Utah, the shops and restaurants of 9th & 9th, and Liberty Park. Showings are available by appointment only; please contact Jennifer Hadfield to schedule and do not disturb the tenants.
Square footage per side is an estimate only; buyers are advised to verify all information. All offers must be accompanied by a pre-qualification letter.
Key Highlights
- Legal, conforming side‑by‑side duplex built in 1917, sold as‑is
- One unit includes updated electrical and other updates
- Other unit is ready for updates
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $35.4k | $20.16 |
| − Vacancy | −$1.9k | −$1.11 |
| EGI | $33.4k | $19.05 |
| − OpEx | −$10.0k | −$5.72 |
| NOI | $23.4k | $13.34 |
1,754 SF · lease $20.16/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$334.2K
$292.4K – $389.9K
NOI $23,391 @ 7.0% cap · market cap 4.68%
Second Best
Apartment 5plus
$310.4K
$271.6K – $362.2K
NOI $21,729 @ 7.0% cap · market cap 4.35%
Theoretical Best
Office A
$472.6K
$413.5K – $551.3K
NOI $33,079 @ 7.0% cap · market cap 6.62%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
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FAQs
What type of property is this?
Duplex - Legal, conforming side-by-side duplex sold as-is, with updates in one unit and an upstairs loft in one side.
Where is this duplex located?
The property is located at 1216 S LYMAN CT Salt Lake City, UT.
What is the asking price?
The asking price for this property is $500,000.
What are key features of this property?
This property features: Legal, conforming side‑by‑side duplex built in 1917, sold as‑is; One unit includes updated electrical and other updates; Other unit is ready for updates
