Side-by-Side Duplex with
New
For Sale
$860,000
1459 E Hollywood Ave, Salt Lake City, UT 84105
Individual utility metering and driveways provide distinct access for each residence.
Property Size3,144 SF
Price / SF$273.54
Days on Market2
Property Features for 1459 E Hollywood Ave
General Information
Standard status
Active
Size
3,144 SF
Total Parking Spaces
2
Property subtype
Multi-Family
Property Condition
Severity
Repairs Needed
Evidence
opportunity for updating
Site & Location
Highway Access
Yes
Public Transit
Yes
Utilities to Site
Yes
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Building Details
Year Built
1940
Buildings
1
Listing Agency:
RE/MAX Associates
Listed By:
David E. Winters
(801) 450-1144
Source:
Brreutah
Added: Sep 18
Last Checked: Sep 18 at 8:33AM
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 RE/MAX Associates
Investment Insights
Based on property information with market context.
Built in 1940, this side-by-side duplex includes two residences with practical main-level layouts. Each unit has two bedrooms, a full bathroom, living and dining areas, built-in cabinetry, original hardwood flooring, and abundant natural light. The property also provides two one-car garages and a separate driveway for each home.
Basement configurations differ between the units: one is entirely unfinished, while the other includes a family room and bathroom. Electric and gas service are separately metered. Located at 1459 E Hollywood Ave in Salt Lake City, the property is within walking distance of Sugar House Park, restaurants, shopping, and public transportation, with freeway access nearby. Downtown Salt Lake and several canyons are also accessible from the property.
Basement configurations differ between the units: one is entirely unfinished, while the other includes a family room and bathroom. Electric and gas service are separately metered. Located at 1459 E Hollywood Ave in Salt Lake City, the property is within walking distance of Sugar House Park, restaurants, shopping, and public transportation, with freeway access nearby. Downtown Salt Lake and several canyons are also accessible from the property.
Key Highlights
- Side‑by‑side duplex at 1459 E HOLLYWOOD AVE, Salt Lake City, UT 84105
- Built in 1940 with two residences, each offering two bedrooms and one full bath
- Two one‑car garages and separate driveways serve the individual units
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$41,928
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.88%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$838,560
$838.6K
Cap Rate 7%
$598,971
$599.0K
Cap Rate 9%
$465,867
$465.9K
Market Conditions
NOI Build-Up for 3,144 SF
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.
Gross rent
$63.4K $20.16/SF
− Vacancy
−$3.5K −$1.11/SF
EGI
$59.9K $19.05/SF
− OpEx
−$18.0K −$5.72/SF
NOI
$41.9K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$838,560
Cap Rate 7%
$598,971
Cap Rate 9%
$465,867
Alternative Uses
Best Use
Multifamily LT 5
$599.0K
$524.1K – $698.8K
NOI $41,928 @ 7.0% cap · market cap 4.88%
Second Best
Apartment 5plus
$556.4K
$486.9K – $649.2K
NOI $38,949 @ 7.0% cap · market cap 4.53%
Theoretical Best
Office A
$847.0K
$741.2K – $988.2K
NOI $59,293 @ 7.0% cap · market cap 6.89%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,773
Businesses Nearby
Explore this area
Business Placement
Demographics for 84105, UT
22,856
Population
10,953
Households
2.1
Avg Household Size
35
Median Age
66%
College-Educated
97%
High-School Grad
3.1 sq mi
ZIP Area
7,373
Density / Sq Mi
$94,145
Median Household Income
$52,785
Median Earnings
$1,482
Median Rent
$632,200
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 - Individual utility metering and driveways provide distinct access for each residence.
Where is this duplex located?
The property is located at 1459 E Hollywood Ave Salt Lake City, UT.
What is the asking price?
The asking price for this property is $860,000.
What are key features of this property?
This property features: Side‑by‑side duplex at 1459 E HOLLYWOOD AVE, Salt Lake City, UT 84105; Built in 1940 with two residences, each offering two bedrooms and one full bath; Two one‑car garages and separate driveways serve the individual units
