Side-by-Side Duplex with
New
For Sale
$860,000
1459 E HOLLYWOOD Ave, Salt Lake City, UT 84105
Residential, Salt Lake City, UT
Property Size3,144 SF
Lot Size0.25 Acres
Price / SF$273.54
Days on Market4
Property Features for 1459 E HOLLYWOOD Ave
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
4
Bathrooms
3
Full bathrooms
3
Rooms
Bathroom 1, Bedroom 3, Bathroom 2, Bedroom 4, Bedroom 2, Bedroom 1, Bathroom 3
Parking
5
Parking features
Covered
Window features
Blinds
Patio and Porch features
Patio
Exterior features
Double Pane Windows, Lighting, Storm Doors, Patio: Open
Lot features
Curb & Gutter, Fenced: Part, Sidewalks, Sprinkler: Auto- Full, View: Mountain, Private
Elementary school
Uintah
Middle school
Clayton
High school
Highland
Elementary school district
Salt Lake
Middle school district
Salt Lake
High school district
Salt Lake
Subdivision
Salt Lake City; So. Salt Lake
Standard status
Active
APN
16-16-357-024
Size
3,144 SF
Lot size
0.25 Acres
Taxes and HOA fees
Tax Annual Amount
2311
Utilities
Sewer type
Public Sewer
Heating system
Central, Natural Gas, Forced Air
Building Details
Year built
1940
Number of units
2
Flooring type
Carpet, Linoleum, Hardwood
Building materials
Aluminum
Roof type
Asphalt
Architectural style
Other
Listing Agency:
RE/MAX Associates · RE/MAX International
(801) 566-4411
Listed By:
David E. Winters
(801) 450-1144
Added: Sep 16
Changed: Sep 17
Last Checked: Sep 19 at 12:06AM
MLS# 2185746
Copyright © 2026 UtahRealEstate.com. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 3,144-square-foot side-by-side duplex sits on a 0.25-acre lot and dates to 1940. Each residence has two bedrooms, a full bathroom, living and dining areas, original hardwood flooring, and natural light. Separate electric and gas meters, individual driveways, and two one-car garages support independent operation. One basement is unfinished, while the other includes a family room and bathroom. Additional features include forced-air natural gas heat, central air, an open patio, double-pane windows, storm doors, and public sewer.
The property is located on East Hollywood Avenue in Salt Lake City’s Sugar House area, near Sugar House Park, restaurants, shopping, public transportation, and freeway access. Downtown Salt Lake and the nearby canyons are also accessible from the property.
The property is located on East Hollywood Avenue in Salt Lake City’s Sugar House area, near Sugar House Park, restaurants, shopping, public transportation, and freeway access. Downtown Salt Lake and the nearby canyons are also accessible from the property.
Key Highlights
- 3,144‑square‑foot duplex on a 0.25‑acre lot
- Two side‑by‑side residences, each with 2 bedrooms and 1 full bathroom
- Separate electric and gas meters, driveways, and two one‑car garages
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
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 property with independent utilities, driveways, covered parking, and basement space in the Sugar House area.
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: 3,144‑square‑foot duplex on a 0.25‑acre lot; Two side‑by‑side residences, each with 2 bedrooms and 1 full bathroom; Separate electric and gas meters, driveways, and two one‑car garages
