Occupied Duplex with Separate
For Sale
$399,900
2339 N 300 W, Sunset, UT 84015
Residential, Sunset, UT
Property Size1,600 SF
Lot Size0.20 Acres
Price / SF$249.94
Days on Market66
Property Features for 2339 N 300 W
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning description
R-1
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 4, Bathroom 1, Bathroom 2, Bedroom 3, Bedroom 1, Bedroom 2
Parking
4
Parking features
Covered
Window features
Blinds
Interior features
Disposal, Range/Oven: Free Stdng.
Lot features
Curb & Gutter, Fenced: Part, Road: Paved, Secluded
Elementary school
Sunset
Middle school
Sunset
High school
Northridge
Elementary school district
Davis
Middle school district
Davis
High school district
Davis
Subdivision
Hooper; Roy
Standard status
Active
APN
13-063-0047
Size
1,600 SF
Lot size
0.20 Acres
Taxes and HOA fees
Tax Annual Amount
2100
Utilities
Heating system
Forced Air
Amenities
laundry hookups
Building Details
Year built
1958
Floors in Building
1
Number of units
2
Flooring type
Carpet, Tile
Building materials
Brick
Roof type
Asphalt
Architectural style
Other
Listing Agency:
Real Estate Essentials
(801) 610-9563
Listed By:
Machelle Vanderhoeven
(801) 259-5565
Added: Jul 6
Changed: Sep 5
Last Checked: Sep 9 at 2:06AM
MLS# 2174297
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 1,600-square-foot duplex contains two 800-square-foot units, each arranged with 2 bedrooms, 1 bathroom, and laundry hookups. Separate water heaters and utility meters serve the units, while brick construction, forced-air heating, covered parking, tile and carpet flooring, and asphalt roofing add to the property’s existing improvements. Built in 1958, the property is being sold as-is, with both units currently occupied.
The 0.2-acre property is located at 2339 N 300 W in Sunset, Utah, with access to shopping, dining, schools, parks, and Hill Air Force Base. Showings require an appointment with at least 24 hours’ notice, and tenants should not be disturbed. Buyers are responsible for verifying property and rental information.
The 0.2-acre property is located at 2339 N 300 W in Sunset, Utah, with access to shopping, dining, schools, parks, and Hill Air Force Base. Showings require an appointment with at least 24 hours’ notice, and tenants should not be disturbed. Buyers are responsible for verifying property and rental information.
Key Highlights
- Two 800 sq ft units, each with 2 bedrooms and 1 bathroom
- 1,600 square feet of total property size on a 0.2‑acre lot
- Separate water heaters and utility meters for each unit
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
$19,644
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
4.91%
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%
$392,880
$392.9K
Cap Rate 7%
$280,629
$280.6K
Cap Rate 9%
$218,267
$218.3K
Market Conditions
NOI Build-Up for 1,600 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
$31.0K $19.38/SF
− Vacancy
−$2.9K −$1.84/SF
EGI
$28.1K $17.54/SF
− OpEx
−$8.4K −$5.26/SF
NOI
$19.6K $12.28/SF
Area
Davis County, UT
Vacancy
9.50%
Lease Rate
$19.38 /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%
$392,880
Cap Rate 7%
$280,629
Cap Rate 9%
$218,267
Alternative Uses
Best Use
Multifamily LT 5
$280.6K
$245.6K – $327.4K
NOI $19,644 @ 7.0% cap · market cap 4.91%
Second Best
Apartment 5plus
$260.0K
$227.5K – $303.3K
NOI $18,200 @ 7.0% cap · market cap 4.55%
Theoretical Best
Office A
$369.5K
$323.3K – $431.1K
NOI $25,867 @ 7.0% cap · market cap 6.47%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
291
Businesses Nearby
Explore this area
Business Placement
Demographics for 84015, UT
68,548
Population
23,058
Households
3
Avg Household Size
30
Median Age
25%
College-Educated
93%
High-School Grad
20.8 sq mi
ZIP Area
3,296
Density / Sq Mi
$92,634
Median Household Income
$43,208
Median Earnings
$1,385
Median Rent
$377,200
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 - Two occupied rental units feature separate utility metering and individual water heaters.
Where is this duplex located?
The property is located at 2339 N 300 W Sunset, UT.
What is the asking price?
The asking price for this property is $399,900.
What are key features of this property?
This property features: Two 800 sq ft units, each with 2 bedrooms and 1 bathroom; 1,600 square feet of total property size on a 0.2‑acre lot; Separate water heaters and utility meters for each unit
