Remodeled Side-by-Side
New
For Sale
$595,000
2362 S 1480 W, West Valley City, UT 84119
Each residence has its own utility service, kitchen, and washer and dryer.
Property Size1,872 SF
Price / SF$317.84
Days on Market3
Property Features for 2362 S 1480 W
General Information
Standard status
Active
Size
1,872 SF
Property subtype
Multi-Family
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Amenities
in-unit washer/dryer
Building Details
Year Built
1978
Buildings
1
Listing Agency:
Selling Salt Lake
Listed By:
Kian Torimi
(435) 200-5791
Source:
Chancehammock
Added: Oct 4
Last Checked: Oct 5 at 8:04PM
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 Selling Salt Lake
Investment Insights
Based on property information with market context.
Built in 1978, this duplex contains two side-by-side residences totaling 1,872 square feet. Each unit offers two bedrooms, one bathroom, and 936 square feet of living area. Both have updated kitchens with granite countertops, new flooring, copper plumbing, newer HVAC equipment, and a newer water heater. In-unit laundry is provided in each residence, and the interior layouts are described as bright and open. Finishes vary slightly between the two units.
Utility service is separately metered for each residence. The property is located in West Valley City, Utah.
Utility service is separately metered for each residence. The property is located in West Valley City, Utah.
Key Highlights
- Two side‑by‑side units, each with 2 bedrooms, 1 bathroom, and 936 square feet
- 1,872 square feet total; built in 1978
- Separate utilities for each residence
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,273
Cap Rate
3.41%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$405,460
$405.5K
Cap Rate 7%
$289,614
$289.6K
Cap Rate 9%
$225,256
$225.3K
Market Conditions
NOI Build-Up for 1,872 SF
Gross rent
$30.3K $16.20/SF
− Vacancy
−$1.4K −$0.73/SF
EGI
$29.0K $15.47/SF
− OpEx
−$8.7K −$4.64/SF
NOI
$20.3K $10.83/SF
Area
West Valley City, UT
Vacancy
4.50%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$405,460
Cap Rate 7%
$289,614
Cap Rate 9%
$225,256
Alternative Uses
Best Use
Multifamily LT 5
$289.6K
$253.4K – $337.9K
NOI $20,273 @ 7.0% cap · market cap 3.41%
Second Best
Apartment 5plus
$261.4K
$228.7K – $305.0K
NOI $18,299 @ 7.0% cap · market cap 3.08%
Theoretical Best
Office A
$535.9K
$468.9K – $625.3K
NOI $37,515 @ 7.0% cap · market cap 6.31%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,007
Businesses Nearby
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Business Placement
Demographics for 84119, UT
54,143
Population
16,811
Households
3.2
Avg Household Size
31
Median Age
16%
College-Educated
79%
High-School Grad
11.5 sq mi
ZIP Area
4,708
Density / Sq Mi
$66,616
Median Household Income
$35,676
Median Earnings
$1,418
Median Rent
$341,800
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
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Frequently Asked Questions
What type of property is this?
Duplex - Each residence has its own utility service, kitchen, and washer and dryer.
Where is this duplex located?
The property is located at 2362 S 1480 W West Valley City, UT.
What is the asking price?
The asking price for this property is $595,000.
What are key features of this property?
This property features: Two side‑by‑side units, each with 2 bedrooms, 1 bathroom, and 936 square feet; 1,872 square feet total; built in 1978; Separate utilities for each residence
