Brick Duplex with Private
For Sale
$1,200,000
2358 E GREGSON AVE, Salt Lake City, UT 84109
Two mirrored residences offer spacious layouts, private outdoor areas, garages, and separate fenced yards.
Property Size1 SF
Price / SF$315.13
Days on Market56
Property Features for 2358 E GREGSON AVE
General Information
Standard status
Active
Size
1 SF
Property subtype
Duplex
Site & Location
Neighborhood
Sugar House
Highway Access
Yes
Units
Unit Mix
2 x 4BR/2BA
Multifamily Units
2
Amenities
fireplace
laundry
private back patio
fully fenced backyard
Building Details
Building Size
1 SF
Year Built
1977
Buildings
1
Construction
brick
Listing Agency:
Niche Homes
(801) 673-7149
Listed By:
Sarah Boren
(801) 232-1233
Source:
Liftrealty
Added: Sep 6
Changed: Oct 31
Last Checked: Oct 30 at 3:27PM
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 Niche Homes
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Investment Insights
Based on property information with market context.
This 3,808-square-foot duplex, built in 1977, contains two matching residences designed for separation and privacy. Each unit includes four bedrooms, two bathrooms, a fireplace, laundry area, a two-car garage, and a private back patio. Separate fully fenced backyards extend the usable outdoor space, while the brick exterior provides a durable building finish. Both units are currently vacant, allowing the next owner to establish occupancy and use the property as a two-unit residential asset.
Key Highlights
- 3,808‑square‑foot duplex with two mirrored residential units
- Each unit has 4 bedrooms, 2 bathrooms, and a fireplace
- Two‑car garage included with each residence
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$50,783
Cap Rate
4.23%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,015,660
$1.0M
Cap Rate 7%
$725,471
$725.5K
Cap Rate 9%
$564,256
$564.3K
Market Conditions
NOI Build-Up for 3,808 SF
Gross rent
$76.8K $20.16/SF
− Vacancy
−$4.2K −$1.11/SF
EGI
$72.5K $19.05/SF
− OpEx
−$21.8K −$5.72/SF
NOI
$50.8K $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 Rate 5%
$1,015,660
Cap Rate 7%
$725,471
Cap Rate 9%
$564,256
Alternative Uses
Best Use
Multifamily LT 5
$725.5K
$634.8K – $846.4K
NOI $50,783 @ 7.0% cap · market cap 4.23%
Second Best
Apartment 5plus
$673.9K
$589.7K – $786.3K
NOI $47,175 @ 7.0% cap · market cap 3.93%
Theoretical Best
Office A
$1.03M
$897.7K – $1.20M
NOI $71,815 @ 7.0% cap · market cap 5.98%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
563
Businesses Nearby
Explore this area
Business Placement
Demographics for 84109, UT
24,768
Population
9,829
Households
2.5
Avg Household Size
37
Median Age
69%
College-Educated
99%
High-School Grad
57.0 sq mi
ZIP Area
435
Density / Sq Mi
$136,823
Median Household Income
$63,758
Median Earnings
$1,584
Median Rent
$679,000
Median Home Value
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View Realmo Analytics
Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Two mirrored residences offer spacious layouts, private outdoor areas, garages, and separate fenced yards.
Where is this duplex located?
The property is located at 2358 E GREGSON AVE Salt Lake City, UT.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: 3,808‑square‑foot duplex with two mirrored residential units; Each unit has 4 bedrooms, 2 bathrooms, and a fireplace; Two‑car garage included with each residence
