Triplex with Separate
1517 W 2700 S, Syracuse, UT 84075
For Sale
New
$760,000
Three units have individual entry points, with laundry provided for each level.
Property Size3,100 SF
Price / SF$245.16
Days on Market6
Property Features for 1517 W 2700 S
General Information
Standard status
Size
Property subtype
Additional Details
Multifamily Units
Tenant in Place
Amenities
garage
laundry
Building Details
Building Size
Year Built
Listing Agency:
Coldwell Banker Realty (South Ogden)
(801) 476-2800
Listed By:
Anne Johnson
(801) 510-0151
Source:
Liftrealty
Added: Nov 2
Changed: Nov 6
Last Checked: Nov 6 at 10:32AM
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 Coldwell Banker Realty (South Ogden)
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Investment Insights
Based on property information with market context.
This 3,100-square-foot triplex, built in 1997, has a main-floor residence and two basement units. Each unit has a separate entrance; the main-level unit has a two-car garage. Laundry is available on the main floor and in the basement units, whose individual square-footage figures are estimates. Approximately 2 feet of insulation and air space separate the main level from the basement.
The City of Syracuse approved a conditional use permit for triplex use upon completion of the basement. HVAC, roof, and water-heater replacements are noted for different parts of the property, with dates and details summarized in the highlights.
The City of Syracuse approved a conditional use permit for triplex use upon completion of the basement. HVAC, roof, and water-heater replacements are noted for different parts of the property, with dates and details summarized in the highlights.
Key Highlights
- 3,100 square feet; built in 1997
- Three units, each with a separate entrance
- Main‑level unit uses a two‑car garage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$38,059
Cap Rate
5.01%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$761,180
$761.2K
Cap Rate 7%
$543,700
$543.7K
Cap Rate 9%
$422,878
$422.9K
Market Conditions
NOI Build-Up for 3,100 SF
Gross rent
$60.1K $19.38/SF
− Vacancy
−$5.7K −$1.84/SF
EGI
$54.4K $17.54/SF
− OpEx
−$16.3K −$5.26/SF
NOI
$38.1K $12.28/SF
Area
Davis County, UT
Vacancy
9.50%
Lease Rate
$19.38 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$761,180
Cap Rate 7%
$543,700
Cap Rate 9%
$422,878
Alternative Uses
Best Use
Multifamily LT 5
$543.7K
$475.7K – $634.3K
NOI $38,059 @ 7.0% cap · market cap 5.01%
Second Best
Apartment 5plus
$503.8K
$440.8K – $587.7K
NOI $35,263 @ 7.0% cap · market cap 4.64%
Theoretical Best
Office A
$716.0K
$626.5K – $835.3K
NOI $50,118 @ 7.0% cap · market cap 6.59%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
116
Businesses Nearby
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Business Placement
Demographics for 84075, UT
32,274
Population
9,575
Households
3.4
Avg Household Size
29
Median Age
38%
College-Educated
97%
High-School Grad
34.9 sq mi
ZIP Area
925
Density / Sq Mi
$132,459
Median Household Income
$50,839
Median Earnings
$2,006
Median Rent
$532,800
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Triplex - Three units have individual entry points, with laundry provided for each level.
Where is this triplex located?
The property is located at 1517 W 2700 S Syracuse, UT.
What is the asking price?
The asking price for this property is $760,000.
What are key features of this property?
This property features: 3,100 square feet; built in 1997; Three units, each with a separate entrance; Main‑level unit uses a two‑car garage
