Updated Duplex Near Liberty
For Sale
$560,000
Pending
1241 S 300 E, Salt Lake City, UT 84121
Two mirrored units provide main-level living, private bedrooms, and shared property amenities.
Property Size1,540 SF
Days on Market52
Property Features for 1241 S 300 E
General Information
Standard status
Pending
Size
1,540 SF
Property subtype
Multi-Family
Building Details
Year Built
1975
Listing Agency:
Omada Real Estate
Listed By:
The One Group Utah
(385) 350-2888
Source:
Theonegrouputah
Added: Aug 28
Changed: Oct 16
Last Checked: Oct 16 at 8:47AM
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 Omada Real Estate
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Investment Insights
Based on property information with market context.
This all-brick duplex contains two side-by-side, mirrored residences with main-floor layouts. Each unit includes a living room, kitchen, two bedrooms, and one bathroom. Recent improvements include fresh paint, vinyl flooring, HVAC systems, water heaters, washers and dryers, and newer windows. The main water line was replaced in 2021.
The property includes assigned carports, storage areas, a shared laundry room, and a fenced backyard. It is near Liberty Park and within minutes of downtown Salt Lake City, the University of Utah, Sugar House, and Salt Lake City International Airport. Both units were previously fully occupied, and the property is configured for residential rental use.
The property includes assigned carports, storage areas, a shared laundry room, and a fenced backyard. It is near Liberty Park and within minutes of downtown Salt Lake City, the University of Utah, Sugar House, and Salt Lake City International Airport. Both units were previously fully occupied, and the property is configured for residential rental use.
Key Highlights
- Two side‑by‑side duplex units, each with 2 bedrooms and 1 bathroom
- 1,540 SF property built in 1975
- Updated HVAC systems, water heaters, washers and dryers, flooring, paint, and windows
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,537
Cap Rate
3.67%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$410,740
$410.7K
Cap Rate 7%
$293,386
$293.4K
Cap Rate 9%
$228,189
$228.2K
Market Conditions
NOI Build-Up for 1,540 SF
Gross rent
$31.0K $20.16/SF
− Vacancy
−$1.7K −$1.11/SF
EGI
$29.3K $19.05/SF
− OpEx
−$8.8K −$5.72/SF
NOI
$20.5K $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%
$410,740
Cap Rate 7%
$293,386
Cap Rate 9%
$228,189
Alternative Uses
Best Use
Multifamily LT 5
$293.4K
$256.7K – $342.3K
NOI $20,537 @ 7.0% cap · market cap 3.67%
Second Best
Apartment 5plus
$272.5K
$238.5K – $318.0K
NOI $19,078 @ 7.0% cap · market cap 3.41%
Theoretical Best
Office A
$414.9K
$363.0K – $484.1K
NOI $29,043 @ 7.0% cap · market cap 5.19%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
1,803
Businesses Nearby
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Business Placement
Demographics for 84121, UT
41,628
Population
16,669
Households
2.5
Avg Household Size
40
Median Age
52%
College-Educated
97%
High-School Grad
64.5 sq mi
ZIP Area
645
Density / Sq Mi
$114,912
Median Household Income
$56,990
Median Earnings
$1,732
Median Rent
$614,500
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 - Two mirrored units provide main-level living, private bedrooms, and shared property amenities.
Where is this duplex located?
The property is located at 1241 S 300 E Salt Lake City, UT.
What is the asking price?
The asking price for this property is $560,000.
What are key features of this property?
This property features: Two side‑by‑side duplex units, each with 2 bedrooms and 1 bathroom; 1,540 SF property built in 1975; Updated HVAC systems, water heaters, washers and dryers, flooring, paint, and windows
