Duplex with Basement
New
For Sale
$365,000
235 W International Ave, Tooele, UT 84074
Separate living areas provide flexibility for household use or rental income.
Property Size1,917 SF
Price / SF$190.40
Days on Market2
Property Features for 235 W International Ave
General Information
Standard status
Active
Size
1,917 SF
Property subtype
Multi-Family
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Building Details
Year Built
1930
Buildings
1
Listing Agency:
Realtypath LLC (Platinum)
Listed By:
Mark Dunn
(435) 849-5914
Source:
Chancehammock
Added: Sep 26
Last Checked: Sep 26 at 5:14AM
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 Realtypath LLC (Platinum)
Investment Insights
Based on property information with market context.
This 1,917-square-foot duplex has two living areas, each with two bedrooms, one bathroom, a kitchen, and laundry hookups. The basement apartment has its own entrance. Recent work includes flooring, baseboards, interior paint, doors, kitchen and bathroom updates, and a new air-conditioning unit. The property also includes a one-car garage, a paved driveway, and an unfinished backyard.
Built in 1930, the home is near Tooele High School and Tooele Junior High, with shopping and parks accessible nearby.
Built in 1930, the home is near Tooele High School and Tooele Junior High, with shopping and parks accessible nearby.
Key Highlights
- 1,917 square feet with two distinct living areas
- Basement apartment has a separate entrance, kitchen, laundry hookups, two bedrooms, and one bathroom
- Main level includes two bedrooms, one bathroom, kitchen, and laundry hookups
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
$20,761
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
5.69%
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%
$415,220
$415.2K
Cap Rate 7%
$296,586
$296.6K
Cap Rate 9%
$230,678
$230.7K
Market Conditions
NOI Build-Up for 1,917 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
$31.1K $16.20/SF
− Vacancy
−$1.4K −$0.73/SF
EGI
$29.7K $15.47/SF
− OpEx
−$8.9K −$4.64/SF
NOI
$20.8K $10.83/SF
Area
Tooele County, UT
Vacancy
4.50%
Lease Rate
$16.20 /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%
$415,220
Cap Rate 7%
$296,586
Cap Rate 9%
$230,678
Alternative Uses
Best Use
Multifamily LT 5
$296.6K
$259.5K – $346.0K
NOI $20,761 @ 7.0% cap · market cap 5.69%
Second Best
Apartment 5plus
$267.7K
$234.2K – $312.3K
NOI $18,738 @ 7.0% cap · market cap 5.13%
Theoretical Best
Office A
$516.5K
$451.9K – $602.6K
NOI $36,153 @ 7.0% cap · market cap 9.90%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
732
Businesses Nearby
Explore this area
Business Placement
Demographics for 84074, UT
55,001
Population
18,128
Households
3
Avg Household Size
31
Median Age
24%
College-Educated
93%
High-School Grad
174.3 sq mi
ZIP Area
316
Density / Sq Mi
$102,313
Median Household Income
$47,385
Median Earnings
$1,197
Median Rent
$383,300
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Duplex - Separate living areas provide flexibility for household use or rental income.
Where is this duplex located?
The property is located at 235 W International Ave Tooele, UT.
What is the asking price?
The asking price for this property is $365,000.
What are key features of this property?
This property features: 1,917 square feet with two distinct living areas; Basement apartment has a separate entrance, kitchen, laundry hookups, two bedrooms, and one bathroom; Main level includes two bedrooms, one bathroom, kitchen, and laundry hookups
