Updated Duplex with Fenced
For Sale
$510,000
732 E 1000 S, Clearfield, UT 84015
Two distinct outdoor areas give each residence private, fully enclosed yard space.
Property Size2,016 SF
Price / SF$252.98
Days on Market35
Property Features for 732 E 1000 S
General Information
Standard status
Active
Size
2,016 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
2
Amenities
fully fenced yard
Building Details
Year Built
1942
Buildings
1
Listing Agency:
Century 21 Everest
(801) 449-3000
Listed By:
Hannah McCrory
Source:
Thehonorgrouputah
Added: Jul 27
Changed: Aug 30
Last Checked: Aug 30 at 3:39AM
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 Century 21 Everest
Investment Insights
Based on property information with market context.
Located at 732 E 1000 S in Clearfield, Utah, this duplex contains 2,016 SF and was built in 1942. Each residence has its own fully fenced yard, while the property also benefits from a backyard with no rear neighbors. The layout supports separate household occupancy within one two-unit property.
Recent improvements include a complete remodel of Unit B in 2024, a new roof installed in April 2024, and a new porch completed in 2024. A new sewer line was installed in 2025. Hill Air Force Base is less than 3 miles away, placing the property near a significant employment and residential demand center.
Recent improvements include a complete remodel of Unit B in 2024, a new roof installed in April 2024, and a new porch completed in 2024. A new sewer line was installed in 2025. Hill Air Force Base is less than 3 miles away, placing the property near a significant employment and residential demand center.
Key Highlights
- 2,016 SF duplex built in 1942
- Unit B fully remodeled in 2024
- New roof installed April 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
$24,751
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
4.85%
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%
$495,020
$495.0K
Cap Rate 7%
$353,586
$353.6K
Cap Rate 9%
$275,011
$275.0K
Market Conditions
NOI Build-Up for 2,016 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
$39.1K $19.38/SF
− Vacancy
−$3.7K −$1.84/SF
EGI
$35.4K $17.54/SF
− OpEx
−$10.6K −$5.26/SF
NOI
$24.8K $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%
$495,020
Cap Rate 7%
$353,586
Cap Rate 9%
$275,011
Alternative Uses
Best Use
Multifamily LT 5
$353.6K
$309.4K – $412.5K
NOI $24,751 @ 7.0% cap · market cap 4.85%
Second Best
Apartment 5plus
$327.6K
$286.7K – $382.2K
NOI $22,932 @ 7.0% cap · market cap 4.50%
Theoretical Best
Office A
$465.6K
$407.4K – $543.2K
NOI $32,593 @ 7.0% cap · market cap 6.39%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
468
Businesses Nearby
Explore this area
Business Placement
Demographics for 84015, UT
68,548
Population
23,058
Households
3
Avg Household Size
30
Median Age
25%
College-Educated
93%
High-School Grad
20.8 sq mi
ZIP Area
3,296
Density / Sq Mi
$92,634
Median Household Income
$43,208
Median Earnings
$1,385
Median Rent
$377,200
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two distinct outdoor areas give each residence private, fully enclosed yard space.
Where is this duplex located?
The property is located at 732 E 1000 S Clearfield, UT.
What is the asking price?
The asking price for this property is $510,000.
What are key features of this property?
This property features: 2,016 SF duplex built in 1942; Unit B fully remodeled in 2024; New roof installed April 2024
