Duplex with Off-Street
New
For Sale
$575,000
1387 S 400 E, Salt Lake City, UT 84115
Two basement entrances and oversized storage sheds provide separate access and additional storage capacity.
Property Size1,682 SF
Price / SF$341.85
Days on Market6
Property Features for 1387 S 400 E
General Information
Standard status
Active
Size
1,682 SF
Property subtype
Duplex
Additional Details
Highway Access
Yes
Multifamily Units
2
Building Details
Building Size
1,682 SF
Year Built
1939
Buildings
1
Listing Agency:
Summit Sotheby's International Realty
(801) 467-2100
Listed By:
Laurel Simmons
(801) 718-4681
Source:
Liftrealty
Added: Oct 9
Changed: Oct 13
Last Checked: Oct 12 at 7:35PM
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
Investment Insights
Based on property information with market context.
This 1939 duplex in Salt Lake City has two basement entrances, oversized storage sheds, and off-street parking accessible from the front and rear alley. The units have received updates over time, and the property is being sold as-is. Its west-facing front results in a backyard that receives shade during summer months.
The property is in the Liberty Wells neighborhood, with access to Liberty Park and downtown Salt Lake City. I-80 and I-15 are also accessible from the area, along with local restaurants, coffee shops, grocery stores, and schools.
The property is in the Liberty Wells neighborhood, with access to Liberty Park and downtown Salt Lake City. I-80 and I-15 are also accessible from the area, along with local restaurants, coffee shops, grocery stores, and schools.
Key Highlights
- Duplex built in 1939
- Off‑street parking with access from the front and rear alley
- Two separate basement entrances
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,431
Cap Rate
3.90%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$448,620
$448.6K
Cap Rate 7%
$320,443
$320.4K
Cap Rate 9%
$249,233
$249.2K
Market Conditions
NOI Build-Up for 1,682 SF
Gross rent
$33.9K $20.16/SF
− Vacancy
−$1.9K −$1.11/SF
EGI
$32.0K $19.05/SF
− OpEx
−$9.6K −$5.72/SF
NOI
$22.4K $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%
$448,620
Cap Rate 7%
$320,443
Cap Rate 9%
$249,233
Alternative Uses
Best Use
Multifamily LT 5
$320.4K
$280.4K – $373.9K
NOI $22,431 @ 7.0% cap · market cap 3.90%
Second Best
Apartment 5plus
$297.7K
$260.5K – $347.3K
NOI $20,837 @ 7.0% cap · market cap 3.62%
Theoretical Best
Office A
$453.2K
$396.5K – $528.7K
NOI $31,721 @ 7.0% cap · market cap 5.52%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
896
Businesses Nearby
Explore this area
Business Placement
Demographics for 84115, UT
27,588
Population
13,899
Households
2
Avg Household Size
33
Median Age
33%
College-Educated
85%
High-School Grad
6.1 sq mi
ZIP Area
4,523
Density / Sq Mi
$61,505
Median Household Income
$43,785
Median Earnings
$1,263
Median Rent
$396,200
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 - Two basement entrances and oversized storage sheds provide separate access and additional storage capacity.
Where is this duplex located?
The property is located at 1387 S 400 E Salt Lake City, UT.
What is the asking price?
The asking price for this property is $575,000.
What are key features of this property?
This property features: Duplex built in 1939; Off‑street parking with access from the front and rear alley; Two separate basement entrances
