Side-by-Side Duplex For
779 S 400 E Salt Lake City, UT 84111
779 S 400 E, Salt Lake City, UT, 84111
$499,999
Pending
For Sale
$499,999
Pending
Side-by-side duplex with separate meters, furnaces, and water heaters, plus a 30-year roof replacement.
Property Size2,314 SF
Days on Market448
Property Features for 779 S 400 E
General Information
- Standard status
- Pending
- Size
- 2,314 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1901
Listing agency
Utah Home Central
(801) 414-5790
Listed by
Matthew Sprunt · License #5918803
(801) 414-5790
Source
Exitrealty
Added: Apr 30, 2025 Updated: Jul 21 at 2:04AM Checked: Jul 21 at 6:18AM
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 Utah Home Central
Investment Insights
Based on property information with market context.
Fantastic side-by-side duplex offering two residential units with separate utility systems. Each unit includes about 1,157 SF of above-grade living space and approximately 200 SF of unfinished basement storage. Unit 777 is a 2-bedroom layout with a full bath and a stacked washer/dryer. Unit 779 offers 1 bedroom plus a den, an upgraded full bath on the main level, a pantry, and washer/dryer hookups.
The property is located close to downtown and the University of Utah. Tenants are responsible for utilities except for water and trash, which are paid by the owner.
Recent improvements include a new 30-year roof with a transferable warranty and replacement of the main sewer line in summer 2017. The units have separate meters, furnaces, and water heaters, supporting independent operation.
The property is located close to downtown and the University of Utah. Tenants are responsible for utilities except for water and trash, which are paid by the owner.
Recent improvements include a new 30-year roof with a transferable warranty and replacement of the main sewer line in summer 2017. The units have separate meters, furnaces, and water heaters, supporting independent operation.
Key Highlights
- Side‑by‑side duplex (built 1901) with 3 total bedrooms and 2 bathrooms across the two units
- New 30‑year roof with transferable warranty
- Main sewer line replaced in summer 2017
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 | $46.7k | $20.16 |
| − Vacancy | −$2.6k | −$1.11 |
| EGI | $44.1k | $19.05 |
| − OpEx | −$13.2k | −$5.72 |
| NOI | $30.9k | $13.34 |
2,314 SF · lease $20.16/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$440.8K
$385.7K – $514.3K
NOI $30,859 @ 7.0% cap · market cap 6.17%
Second Best
Apartment 5plus
$409.5K
$358.3K – $477.8K
NOI $28,667 @ 7.0% cap · market cap 5.73%
Theoretical Best
Office A
$623.4K
$545.5K – $727.3K
NOI $43,640 @ 7.0% cap · market cap 8.73%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Side-by-side duplex with separate meters, furnaces, and water heaters, plus a 30-year roof replacement.
Where is this duplex located?
The property is located at 779 S 400 E Salt Lake City, UT.
What is the asking price?
The asking price for this property is $499,999.
What are key features of this property?
This property features: Side‑by‑side duplex (built 1901) with 3 total bedrooms and 2 bathrooms across the two units; New 30‑year roof with transferable warranty; Main sewer line replaced in summer 2017
