Duplex With Basement
New
For Sale
$735,000
1888 S 800 E, Salt Lake City, UT 84105
Flexible residential income property with updated core systems and alley access near Salt Lake City’s Sugar House area.
Property Size2,730 SF
Price / SF$269.23
Days on Market7
Property Features for 1888 S 800 E
General Information
Standard status
Active
Size
2,730 SF
Property subtype
Duplex
Property Condition
Severity
Minor
Evidence
Property Needs Substantial Updating
Additional Details
Multifamily Units
3
Building Details
Building Size
2,730 SF
Year Built
1916
Listing Agency:
Equity Real Estate (Advantage)
(801) 898-7867
Listed By:
Brandon Bourdos
(801) 898-7867
Source:
Liftrealty
Added: Aug 15
Changed: Aug 19
Last Checked: Aug 20 at 5:34AM
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 Equity Real Estate (Advantage)
Investment Insights
Based on property information with market context.
This 1916 duplex contains 2,730 square feet and includes a basement apartment that brings the total configuration to three units. The property is currently arranged for single-family occupancy with an accessory apartment, while the floor plan supports multiple residential arrangements. Significant updating is needed before occupancy or repositioning, providing a clear renovation component for the next owner.
Building improvements include an updated electrical system, newer roof, newer furnaces, and newer water heaters. The property also has front and rear yards, creating private outdoor areas. Alley access is available from Garfield Ave to the north, and the address is 1888 S 800 E in Salt Lake City, Utah 84105.
Building improvements include an updated electrical system, newer roof, newer furnaces, and newer water heaters. The property also has front and rear yards, creating private outdoor areas. Alley access is available from Garfield Ave to the north, and the address is 1888 S 800 E in Salt Lake City, Utah 84105.
Key Highlights
- Duplex with a basement apartment, creating a three‑unit configuration
- 2,730 square feet on a 1916‑built property
- Updated electrical system, newer roof, furnaces, and water heaters
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
$36,407
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
4.95%
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%
$728,140
$728.1K
Cap Rate 7%
$520,100
$520.1K
Cap Rate 9%
$404,522
$404.5K
Market Conditions
NOI Build-Up for 2,730 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
$55.0K $20.16/SF
− Vacancy
−$3.0K −$1.11/SF
EGI
$52.0K $19.05/SF
− OpEx
−$15.6K −$5.72/SF
NOI
$36.4K $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%
$728,140
Cap Rate 7%
$520,100
Cap Rate 9%
$404,522
Alternative Uses
Best Use
Multifamily LT 5
$520.1K
$455.1K – $606.8K
NOI $36,407 @ 7.0% cap · market cap 4.95%
Second Best
Apartment 5plus
$483.2K
$422.8K – $563.7K
NOI $33,821 @ 7.0% cap · market cap 4.60%
Theoretical Best
Office A
$735.5K
$643.6K – $858.1K
NOI $51,485 @ 7.0% cap · market cap 7.00%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
1,923
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
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 - Flexible residential income property with updated core systems and alley access near Salt Lake City’s Sugar House area.
Where is this duplex located?
The property is located at 1888 S 800 E Salt Lake City, UT.
What is the asking price?
The asking price for this property is $735,000.
What are key features of this property?
This property features: Duplex with a basement apartment, creating a three‑unit configuration; 2,730 square feet on a 1916‑built property; Updated electrical system, newer roof, furnaces, and water heaters
