Duplex with Detached
1645 E 2700 S, Salt Lake City, UT 84106
For Sale
$799,000
Pending
Recent interior finishes, a new roof, and a separate garage with storage complement this legal non-conforming duplex.
Property Size3,504 SF
Days on Market28
Property Features for 1645 E 2700 S
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Additional Details
Multifamily Units
Building Details
Year Built
Buildings
Listing Agency:
Prime Real Estate Experts
Listed By:
Belknap Team
(385) 352-6210
Source:
Forsaleutahrealestate
Added: Oct 14
Changed: Nov 8
Last Checked: Nov 10 at 7:25AM
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 Prime Real Estate Experts
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Investment Insights
Based on property information with market context.
Built in 1949, this 3,504-square-foot duplex has legal non-conforming status. Recent work includes LVP flooring, carpet, trim, and paint, along with a roof installed in 2025. The property also has custom xeriscaping and a detached three-car garage with additional storage.
The property is near Sugar House and Highland Park. An additional ADU is identified as a potential option.
The property is near Sugar House and Highland Park. An additional ADU is identified as a potential option.
Key Highlights
- 3,504‑square‑foot duplex built in 1949
- Legal non‑conforming status
- Roof installed in 2025
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$46,729
Cap Rate
5.85%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$934,580
$934.6K
Cap Rate 7%
$667,557
$667.6K
Cap Rate 9%
$519,211
$519.2K
Market Conditions
NOI Build-Up for 3,504 SF
Gross rent
$70.6K $20.16/SF
− Vacancy
−$3.9K −$1.11/SF
EGI
$66.8K $19.05/SF
− OpEx
−$20.0K −$5.72/SF
NOI
$46.7K $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%
$934,580
Cap Rate 7%
$667,557
Cap Rate 9%
$519,211
Alternative Uses
Best Use
Multifamily LT 5
$667.6K
$584.1K – $778.8K
NOI $46,729 @ 7.0% cap · market cap 5.85%
Second Best
Apartment 5plus
$620.1K
$542.6K – $723.5K
NOI $43,409 @ 7.0% cap · market cap 5.43%
Theoretical Best
Office A
$944.0K
$826.0K – $1.10M
NOI $66,082 @ 7.0% cap · market cap 8.27%
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
687
Businesses Nearby
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Business Placement
Demographics for 84106, UT
35,892
Population
16,782
Households
2.1
Avg Household Size
35
Median Age
57%
College-Educated
97%
High-School Grad
6.0 sq mi
ZIP Area
5,982
Density / Sq Mi
$94,452
Median Household Income
$56,358
Median Earnings
$1,576
Median Rent
$529,100
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Salt Lake City, UT
Properties on Market for Duplexes in Salt Lake City
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Recent interior finishes, a new roof, and a separate garage with storage complement this legal non-conforming duplex.
Where is this duplex located?
The property is located at 1645 E 2700 S Salt Lake City, UT.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: 3,504‑square‑foot duplex built in 1949; Legal non‑conforming status; Roof installed in 2025
