Side-by-Side
For Sale
$750,000
1394 W PACIFIC AVE S, Salt Lake City, UT 84104
Three residences feature individual utility meters and substantial updates to interiors and building systems.
Property Size1,820 SF
Lot Size0.18 Acres
Price / SF$412.09
Days on Market29
Property Features for 1394 W PACIFIC AVE S
General Information
Standard status
Active
Size
1,820 SF
Total Parking Spaces
5
Lot size
0.18 Acres
Property subtype
Triplex
Occupancy
100%
Site & Location
Highway Access
Yes
Public Transit
Yes
Utilities to Site
Yes
Units
Unit Mix
3 x 2BR/1BA
Multifamily Units
3
Amenities
in-unit washer/dryer
storage shed
Building Details
Building Size
1,820 SF
Year Built
1962
Year Renovated
2024
Buildings
1
Tenancy
Multi
Listing Agency:
Selling Salt Lake
(801) 998-8568
Listed By:
Kian Torimi
(435) 200-5791
Source:
Liftrealty
Added: Sep 8
Changed: Oct 6
Last Checked: Oct 5 at 6:11PM
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.
This Salt Lake City triplex contains three two-bedroom, one-bath residences totaling 1,820 square feet, with each unit measuring about 607 square feet. The homes sit side by side, have separate entrances, and are fully rented. Renovations completed unit by unit in 2023–2024 included PEX and ABS plumbing, electrical panels, furnaces, central air, kitchens, baths, windows, flooring, roofing, and attic insulation. Each residence has its own furnace, air conditioner, water heater, and gas and power meters. Units A and B include stacked washer-dryers. The 0.18-acre fenced property also has five off-street parking spaces and a three-bay storage shed.
Located at 1394 W Pacific Ave S, the property is near Edison Elementary and Sherwood Park, both two blocks away. A Power TRAX station is a short walk away, with access to I-15, I-80, and Redwood Road. The property passed Salt Lake City’s rental housing inspection in 2025, with the next inspection due in 2029. One unit has a housing-authority lease through June 2027; the other two are month-to-month.
Located at 1394 W Pacific Ave S, the property is near Edison Elementary and Sherwood Park, both two blocks away. A Power TRAX station is a short walk away, with access to I-15, I-80, and Redwood Road. The property passed Salt Lake City’s rental housing inspection in 2025, with the next inspection due in 2029. One unit has a housing-authority lease through June 2027; the other two are month-to-month.
Key Highlights
- Three two‑bedroom, one‑bath units; approximately 607 square feet per unit and 1,820 square feet total
- Unit‑by‑unit renovations completed in 2023–2024, including plumbing, electrical, HVAC, kitchens, baths, windows, flooring, roof, and attic insulation
- Separate gas and power meters, furnace, air conditioning, and water heater for each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,271
Cap Rate
3.24%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$485,420
$485.4K
Cap Rate 7%
$346,729
$346.7K
Cap Rate 9%
$269,678
$269.7K
Market Conditions
NOI Build-Up for 1,820 SF
Gross rent
$36.7K $20.16/SF
− Vacancy
−$2.0K −$1.11/SF
EGI
$34.7K $19.05/SF
− OpEx
−$10.4K −$5.72/SF
NOI
$24.3K $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%
$485,420
Cap Rate 7%
$346,729
Cap Rate 9%
$269,678
Alternative Uses
Best Use
Multifamily LT 5
$346.7K
$303.4K – $404.5K
NOI $24,271 @ 7.0% cap · market cap 3.24%
Second Best
Apartment 5plus
$322.1K
$281.8K – $375.8K
NOI $22,547 @ 7.0% cap · market cap 3.01%
Theoretical Best
Office A
$490.3K
$429.0K – $572.1K
NOI $34,323 @ 7.0% cap · market cap 4.58%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
3
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
336
Businesses Nearby
Explore this area
Business Placement
Demographics for 84104, UT
23,487
Population
8,452
Households
2.8
Avg Household Size
31
Median Age
22%
College-Educated
78%
High-School Grad
21.6 sq mi
ZIP Area
1,087
Density / Sq Mi
$61,326
Median Household Income
$35,013
Median Earnings
$1,235
Median Rent
$318,100
Median Home Value
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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?
Triplex - Three residences feature individual utility meters and substantial updates to interiors and building systems.
Where is this triplex located?
The property is located at 1394 W PACIFIC AVE S Salt Lake City, UT.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: Three two‑bedroom, one‑bath units; approximately 607 square feet per unit and 1,820 square feet total; Unit‑by‑unit renovations completed in 2023–2024, including plumbing, electrical, HVAC, kitchens, baths, windows, flooring, roof, and attic insulation; Separate gas and power meters, furnace, air conditioning, and water heater for each unit
