Bungalow-Style Legal
1233 E 600 S, Salt Lake City, UT 84102
For Sale
$875,000
Pending
Three residential units feature hardwood floors, leaded glass details, and a front porch.
Property Size2,649 SF
Days on Market418
Property Features for 1233 E 600 S
General Information
Standard status
Size
Property subtype
Occupancy
Site & Location
Neighborhood
Public Transit
Additional Details
Multifamily Units
Tenant in Place
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Listing Agency:
Summit Sotheby's International Realty
Listed By:
Boo Bendinger
(435) 649-1884
Source:
Moveutahrealestate
Added: Sep 19, 2025
Changed: Nov 8
Last Checked: Nov 10 at 4:20PM
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 Summit Sotheby's International Realty
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Investment Insights
Based on property information with market context.
This legal triplex contains 2,649 square feet in a bungalow-style building constructed in 1914. Interior features include hardwood floors and leaded glass, while the front porch adds a traditional exterior detail. New carpet and sod are also noted.
The property is about one block below Rice-Eccles Stadium, with access to the campus, downtown, hospitals, restaurants, shops, and TRAX. All three units are occupied, with leases extending through April 2026.
The property is about one block below Rice-Eccles Stadium, with access to the campus, downtown, hospitals, restaurants, shops, and TRAX. All three units are occupied, with leases extending through April 2026.
Key Highlights
- Legal triplex with 2,649 square feet
- Built in 1914
- All units occupied; leases run through April 2026
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$35,327
Cap Rate
4.04%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$706,540
$706.5K
Cap Rate 7%
$504,671
$504.7K
Cap Rate 9%
$392,522
$392.5K
Market Conditions
NOI Build-Up for 2,649 SF
Gross rent
$53.4K $20.16/SF
− Vacancy
−$2.9K −$1.11/SF
EGI
$50.5K $19.05/SF
− OpEx
−$15.1K −$5.72/SF
NOI
$35.3K $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%
$706,540
Cap Rate 7%
$504,671
Cap Rate 9%
$392,522
Alternative Uses
Best Use
Multifamily LT 5
$504.7K
$441.6K – $588.8K
NOI $35,327 @ 7.0% cap · market cap 4.04%
Second Best
Apartment 5plus
$468.8K
$410.2K – $547.0K
NOI $32,817 @ 7.0% cap · market cap 3.75%
Theoretical Best
Office A
$713.7K
$624.5K – $832.6K
NOI $49,958 @ 7.0% cap · market cap 5.71%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
3
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
1,131
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
$487,200
Median Home Value
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Market
Average Price Trend$/SF for Triplexes in Salt Lake County, UT
Properties on Market for Triplexes in Salt Lake County
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Triplex - Three residential units feature hardwood floors, leaded glass details, and a front porch.
Where is this triplex located?
The property is located at 1233 E 600 S Salt Lake City, UT.
What is the asking price?
The asking price for this property is $875,000.
What are key features of this property?
This property features: Legal triplex with 2,649 square feet; Built in 1914; All units occupied; leases run through April 2026
