Duplex with Basement
New
For Sale
$735,000
1888 S 800 E, Salt Lake City, UT 84105
MULTI_FAMILY - Other - Salt Lake City, UT
Property Size2,730 SF
Lot Size0.15 Acres
Price / SF$269.23
Days on Market1
Property Features for 1888 S 800 E
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
Multi-Family
Zoning description
1107
Bedrooms
6
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 5, Bedroom 2, Bathroom 2, Bedroom 3, Bedroom 6, Bathroom 1, Bathroom 3, Basement, Bedroom 1, Bedroom 4
Parking
8
Window features
Drapes
Patio and Porch features
Patio
Interior features
Basement Apartment, Kitchen: Second, Mother-in-Law Apt., Oven: Gas, Range: Gas
Exterior features
Awning(s), Basement Entrance, Patio: Covered
Subdivision
EASK BANK ADD
Lot features
Fenced: Full, Secluded, Sprinkler: Auto- Full, Wooded, Drip Irrigation: Auto- Full
Elementary school
Hawthorne
Middle school
Clayton
High school
Highland
Elementary school district
Salt Lake
Middle school district
Salt Lake
High school district
Salt Lake
Standard status
Active
APN
16-17-356-016
Size
2,730 SF
Lot size
0.15 Acres
Taxes and HOA fees
Tax Annual Amount
3699
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas, Central
Building Details
Year built
1916
Number of units
2
Flooring type
Vinyl, Tile, Hardwood
Building materials
Brick, Cedar
Roof type
Asphalt
Architectural style
Other
Additional Structures
Other
Listing Agency:
Equity Real Estate (Advantage)
(801) 917-5597
Listed By:
Brandon Bourdos
(801) 898-7867
Added: Aug 15
Last Checked: Aug 15 at 1:06PM
MLS# 2179070
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Investment Insights
Based on property information with market context.
Built in 1916, this 2,730-square-foot brick property is described as a legal duplex with an additional basement apartment. The flexible layout includes multiple bedrooms and bathrooms, a second kitchen, gas cooking appliances, a basement entrance, and covered patio space. Hardwood, tile, and vinyl flooring are present throughout. The property is currently being used as a single-family residence with an ADU apartment, offering several existing configuration options. The roof, electrical system, furnaces, and water heaters have been updated or replaced more recently, while substantial additional updating is needed.
The property occupies 0.15 acres in Salt Lake City’s Sugarhouse area at 1888 S 800 E, Salt Lake City, UT 84105. Alley access is available from Garfield Ave to the north. Zoning is Multi-Family, and the property is served by public sewer and natural gas central heating.
The property occupies 0.15 acres in Salt Lake City’s Sugarhouse area at 1888 S 800 E, Salt Lake City, UT 84105. Alley access is available from Garfield Ave to the north. Zoning is Multi-Family, and the property is served by public sewer and natural gas central heating.
Key Highlights
- 2,730‑square‑foot brick property built in 1916
- Legal duplex with an additional basement apartment
- 0.15‑acre parcel in Salt Lake City’s Sugarhouse area
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
Yes
Paved road access
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Flexible multi-unit property with alley access, covered patio space, and separate basement living accommodations.
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: 2,730‑square‑foot brick property built in 1916; Legal duplex with an additional basement apartment; 0.15‑acre parcel in Salt Lake City’s Sugarhouse area
