Remodeled Duplex with Large
For Sale
$725,000
1446 N MANDALAY RD, Salt Lake City, UT 84116
Two-unit residential property with one updated unit, one tenant-occupied unit, and a freshly painted exterior.
Property Size3,700 SF
Days on Market61
Property Features for 1446 N MANDALAY RD
General Information
Standard status
Active
Size
3,700 SF
Property subtype
Duplex
Taxes and HOA fees
Annual Taxes
$2,564
Building Details
Building Size
3,700 SF
Year Built
1972
Tenancy
Multi
Listing Agency:
KW Utah Realtors Keller Williams
(801) 858-0000
Listed By:
Cameron Burnside · License #5488326
Source:
Acresutah
Added: Jun 5
Changed: Aug 2
Last Checked: Aug 4 at 8:30AM
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 KW Utah Realtors Keller Williams
Investment Insights
Based on property information with market context.
This duplex, built in 1972, contains two residential units, each with five bedrooms and two bathrooms, for a combined total of 10 bedrooms and 4 bathrooms. One unit has undergone remodeling and is described as move-in ready, while the other is tenant occupied. The property also includes a large yard and an exterior that has been freshly painted, providing additional outdoor space and a recently refreshed exterior presentation.
Key Highlights
- Two 5 bed, 2 bath units totaling 10 bedrooms and 4 bathrooms
- One unit recently remodeled and described as move‑in ready
- Second unit is tenant occupied
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 | $74.6k | $20.16 |
| − Vacancy | −$4.1k | −$1.11 |
| EGI | $70.5k | $19.05 |
| − OpEx | −$21.1k | −$5.72 |
| NOI | $49.3k | $13.34 |
3,700 SF · lease $20.16/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$704.9K
$616.8K – $822.4K
NOI $49,343 @ 7.0% cap · market cap 6.81%
Second Best
Apartment 5plus
$654.8K
$573.0K – $764.0K
NOI $45,837 @ 7.0% cap · market cap 6.32%
Theoretical Best
Office A
$996.8K
$872.2K – $1.16M
NOI $69,778 @ 7.0% cap · market cap 9.62%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
160
Businesses Nearby
Explore this area
Business Placement
Demographics for 84116, UT
35,327
Population
14,487
Households
2.4
Avg Household Size
31
Median Age
24%
College-Educated
82%
High-School Grad
50.3 sq mi
ZIP Area
702
Density / Sq Mi
$69,604
Median Household Income
$38,492
Median Earnings
$1,280
Median Rent
$334,900
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-unit residential property with one updated unit, one tenant-occupied unit, and a freshly painted exterior.
Where is this duplex located?
The property is located at 1446 N MANDALAY RD Salt Lake City, UT.
What is the asking price?
The asking price for this property is $725,000.
What are key features of this property?
This property features: Two 5 bed, 2 bath units totaling 10 bedrooms and 4 bathrooms; One unit recently remodeled and described as move‑in ready; Second unit is tenant occupied
