Remodeled Duplex with Large
For Sale
$700,000
Pending
1446 N MANDALAY RD, Salt Lake City, UT 84116
One unit is remodeled and ready for occupancy, while the other is tenant occupied.
Property Size3,700 SF
Days on Market137
Property Features for 1446 N MANDALAY RD
General Information
Standard status
Pending
Size
3,700 SF
Property subtype
Duplex
Units
Unit Mix
2 x 5BR/2BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$2,564
Amenities
large yard
Building Details
Building Size
3,700 SF
Year Built
1972
Listing Agency:
KW Utah Realtors Keller Williams
Listed By:
Cameron Burnside · License #5488326
(801) 858-0000
Source:
Acresutah
Added: Jun 5
Changed: Oct 11
Last Checked: Oct 19 at 1:45PM
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
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Investment Insights
Based on property information with market context.
This duplex at 1446 N Mandalay Rd in Salt Lake City, Utah, includes two residential units with matching layouts of five bedrooms and two bathrooms each. One unit has undergone remodeling and is ready for occupancy, while the second is currently tenant occupied. Together, the property provides 10 bedrooms and 4 bathrooms across the two-unit configuration.
Built in 1972, the property also features a recently repainted exterior and a large yard. The combination of updated interior space, existing occupancy, and outdoor area gives the asset a distinct physical profile for residential income ownership.
Built in 1972, the property also features a recently repainted exterior and a large yard. The combination of updated interior space, existing occupancy, and outdoor area gives the asset a distinct physical profile for residential income ownership.
Key Highlights
- Duplex with two 5‑bedroom, 2‑bathroom units
- 10 total bedrooms and 4 total bathrooms
- One unit recently remodeled and ready for occupancy
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$49,343
Cap Rate
7.05%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$986,860
$986.9K
Cap Rate 7%
$704,900
$704.9K
Cap Rate 9%
$548,256
$548.3K
Market Conditions
NOI Build-Up for 3,700 SF
Gross rent
$74.6K $20.16/SF
− Vacancy
−$4.1K −$1.11/SF
EGI
$70.5K $19.05/SF
− OpEx
−$21.1K −$5.72/SF
NOI
$49.3K $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%
$986,860
Cap Rate 7%
$704,900
Cap Rate 9%
$548,256
Alternative Uses
Best Use
Multifamily LT 5
$704.9K
$616.8K – $822.4K
NOI $49,343 @ 7.0% cap · market cap 7.05%
Second Best
Apartment 5plus
$654.8K
$573.0K – $764.0K
NOI $45,837 @ 7.0% cap · market cap 6.55%
Theoretical Best
Office A
$996.8K
$872.2K – $1.16M
NOI $69,778 @ 7.0% cap · market cap 9.97%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
160
Businesses Nearby
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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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - One unit is remodeled and ready for occupancy, while the other is tenant occupied.
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 $700,000.
What are key features of this property?
This property features: Duplex with two 5‑bedroom, 2‑bathroom units; 10 total bedrooms and 4 total bathrooms; One unit recently remodeled and ready for occupancy
