Multifamily Property with Available
For Sale
$995,000
1865 S Foothill Dr, Salt Lake City, UT 84108
An unoccupied upper-level residence offers a showing-ready space within a multifamily property.
Property Size2,790 SF
Price / SF$356.63
Days on Market83
Property Features for 1865 S Foothill Dr
General Information
Standard status
Active
Size
2,790 SF
Total Parking Spaces
6
Property subtype
Multi Family Home
Zoning
1208
Site & Location
Neighborhood
East Bench
Taxes and HOA fees
Annual Taxes
$3,662
Amenities
Bath: Primary
Disposal
Kitchen: Updated
Range/Oven: Free Stdng.
Dishwasher: Built-In
Balcony
Basement Entrance
Sliding Glass Doors
Patio: Open
Building Details
Building Size
2,790 SF
Year Built
1965
Units
2
Listing Agency:
Etzel Realty, LLC
Listed By:
Frankie Sacco · License #5476963
(435) 637-6777
Source:
Etzelonline
Added: Aug 5
Changed: Oct 23
Last Checked: Oct 23 at 5:48PM
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 Etzel Realty, LLC
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Investment Insights
Based on property information with market context.
This 2,790-square-foot multifamily property was built in 1965. Its upper unit is vacant and available for showings, with a functional layout suitable for residential occupancy.
The property is on Foothill Drive in Salt Lake City, minutes from the University of Utah, Research Park, and Foothill Village shopping. Canyon access for skiing and hiking is also nearby.
The property is on Foothill Drive in Salt Lake City, minutes from the University of Utah, Research Park, and Foothill Village shopping. Canyon access for skiing and hiking is also nearby.
Key Highlights
- 2,790‑square‑foot multifamily property built in 1965
- Vacant upper unit available for showings
- Minutes from the University of Utah, Research Park, and Foothill Village shopping
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,564
Cap Rate
3.47%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$691,280
$691.3K
Cap Rate 7%
$493,771
$493.8K
Cap Rate 9%
$384,044
$384.0K
Market Conditions
NOI Build-Up for 2,790 SF
Gross rent
$66.3K $23.76/SF
− Vacancy
−$3.4K −$1.24/SF
EGI
$62.8K $22.52/SF
− OpEx
−$28.3K −$10.14/SF
NOI
$34.6K $12.39/SF
Area
Salt Lake City, UT
Vacancy
5.20%
Lease Rate
$23.76 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$691,280
Cap Rate 7%
$493,771
Cap Rate 9%
$384,044
Alternative Uses
Best Use
Apartment 5plus
$493.8K
$432.1K – $576.1K
NOI $34,564 @ 7.0% cap · market cap 3.47%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$751.7K
$657.7K – $877.0K
NOI $52,617 @ 7.0% cap · market cap 5.29%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Location Intelligence
Trade Area within ½ mile
438
Businesses Nearby
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Business Placement
Demographics for 84108, UT
21,261
Population
8,258
Households
2.6
Avg Household Size
35
Median Age
78%
College-Educated
98%
High-School Grad
72.2 sq mi
ZIP Area
294
Density / Sq Mi
$120,469
Median Household Income
$42,821
Median Earnings
$1,562
Median Rent
$759,800
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Multifamily property - An unoccupied upper-level residence offers a showing-ready space within a multifamily property.
Where is this multifamily property located?
The property is located at 1865 S Foothill Dr Salt Lake City, UT.
What is the asking price?
The asking price for this property is $995,000.
What are key features of this property?
This property features: 2,790‑square‑foot multifamily property built in 1965; Vacant upper unit available for showings; Minutes from the University of Utah, Research Park, and Foothill Village shopping
