Brick Duplex with Covered
For Sale
$995,000
1865 S FOOTHILL Dr, Salt Lake City, UT 84108
Residential, Salt Lake City, UT
Property Size2,790 SF
Lot Size0.20 Acres
Price / SF$356.63
Days on Market25
Property Features for 1865 S FOOTHILL Dr
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning description
1208
Bedrooms
6
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 1, Bathroom 3, Bedroom 1, Bedroom 4, Bedroom 3, Bedroom 5, Bathroom 4, Bedroom 2, Bathroom 2, Bedroom 6
Parking
6
Parking features
Covered
Window features
Blinds, Plantation Shutters
Patio and Porch features
Patio
Interior features
Bath: Primary, Disposal, Kitchen: Updated, Range/Oven: Free Stdng., Dishwasher: Built-In
Exterior features
Balcony, Basement Entrance, Sliding Glass Doors, Patio: Open
Subdivision
AMENDED & EX
Lot features
Curb & Gutter, Fenced: Full, Sprinkler: Auto- Full, Terrain: Grad Slope, View: Mountain, View: Valley
View
Valley
Elementary school
Indian Hills
Middle school
Hillside
High school
Highland
Elementary school district
Salt Lake
Middle school district
Salt Lake
High school district
Salt Lake
Standard status
Active
APN
16-15-431-006
Size
2,790 SF
Lot size
0.20 Acres
Taxes and HOA fees
Tax Annual Amount
3662
Utilities
Sewer type
Public Sewer
Heating system
Forced Air
Building Details
Year built
1965
Number of units
2
Flooring type
Carpet, Linoleum, Tile
Building materials
Brick, Cedar, Cinder Block
Roof type
Asphalt
Architectural style
Other
Listing Agency:
REDFIN CORPORATION
(801) 613-7062
Listed By:
Daniel Lopez · License #9852622-SA00
(505) 231-7800
Added: Aug 5
Changed: Aug 27
Last Checked: Aug 29 at 11:06AM
MLS# 2179392
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 2,790-square-foot duplex was built in 1965 on a 0.2-acre parcel. The upper residence is currently available and includes an updated kitchen with a freestanding range, built-in dishwasher, and disposal. Interior finishes include carpet, linoleum, and tile, while forced-air heating serves the property. Exterior features include a balcony, open patio, sliding glass doors, and a separate basement entrance. Brick, cedar, and cinder block are among the construction materials, and covered parking is provided.
The property is located at 1865 S Foothill Dr in Salt Lake City, near the University of Utah, Research Park, and Foothill Village shopping. Canyon access for skiing and hiking is also described as nearby. Public sewer serves the property, which has an asphalt roof and a primary bath among its listed features.
The property is located at 1865 S Foothill Dr in Salt Lake City, near the University of Utah, Research Park, and Foothill Village shopping. Canyon access for skiing and hiking is also described as nearby. Public sewer serves the property, which has an asphalt roof and a primary bath among its listed features.
Key Highlights
- 2,790‑square‑foot duplex on a 0.2‑acre parcel
- Upper residence is currently available
- Updated kitchen with range, built‑in dishwasher, and disposal
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
$37,207
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
3.74%
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%
$744,140
$744.1K
Cap Rate 7%
$531,529
$531.5K
Cap Rate 9%
$413,411
$413.4K
Market Conditions
NOI Build-Up for 2,790 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
$56.2K $20.16/SF
− Vacancy
−$3.1K −$1.11/SF
EGI
$53.2K $19.05/SF
− OpEx
−$15.9K −$5.72/SF
NOI
$37.2K $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%
$744,140
Cap Rate 7%
$531,529
Cap Rate 9%
$413,411
Alternative Uses
Best Use
Multifamily LT 5
$531.5K
$465.1K – $620.1K
NOI $37,207 @ 7.0% cap · market cap 3.74%
Second Best
Apartment 5plus
$493.8K
$432.1K – $576.1K
NOI $34,564 @ 7.0% cap · market cap 3.47%
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.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
438
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Two-unit property offering an available upper residence, updated kitchen, balcony, patio, and covered parking.
Where is this duplex 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 duplex on a 0.2‑acre parcel; Upper residence is currently available; Updated kitchen with range, built‑in dishwasher, and disposal
