Remodeled 2-Unit
2362 S 1480 W, West Valley City, UT 84119
For Sale
$595,000
Residential, West Valley City, UT
Property Size1,872 SF
Lot Size0.19 Acres
Price / SF$317.84
Days on Market36
Property Features for 2362 S 1480 W
General Information
Property type
Property subtype
Zoning
Bedrooms
Bathrooms
Full bathrooms
Rooms
Parking
Parking features
Window features
Exterior features
Lot features
Elementary school
Middle school
High school
Elementary school district
Middle school district
High school district
Subdivision
Standard status
APN
Size
Lot size
Additional Details
Individually Metered Utilities
Taxes and HOA fees
Tax Annual Amount
Utilities
Sewer type
Heating system
Building Details
Year built
Number of units
Building materials
Roof type
Architectural style
Listing Agency:
Selling Salt Lake
(801) 998-8568
Listed By:
Kian Torimi
(801) 792-2010
Added: Oct 2
Changed: Nov 6
Last Checked: Nov 6 at 11:06PM
MLS# 2188954
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Investment Insights
Based on property information with market context.
This side-by-side duplex contains two 2-bedroom, 1-bath residences, each measuring 936 square feet, for 1,872 square feet total. Both units have been remodeled, with updated kitchens, granite counters, new flooring, and in-unit washer and dryer. Central forced-air heating, natural gas, newer HVAC equipment and water heaters, and copper plumbing serve the property. Each unit has separate utilities; finishes vary slightly between the two residences.
Built in 1978, the property sits on a 0.19-acre lot and is zoned Multi-Family. Covered parking is provided. The building has aluminum and brick construction, double-pane windows, and an asphalt roof.
Built in 1978, the property sits on a 0.19-acre lot and is zoned Multi-Family. Covered parking is provided. The building has aluminum and brick construction, double-pane windows, and an asphalt roof.
Key Highlights
- Two side‑by‑side 2‑bedroom, 1‑bath units; 936 square feet per unit
- 1,872 square feet total on a 0.19‑acre lot
- Both residences remodeled with updated kitchens, granite counters, and new flooring
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,273
Cap Rate
3.41%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$405,460
$405.5K
Cap Rate 7%
$289,614
$289.6K
Cap Rate 9%
$225,256
$225.3K
Market Conditions
NOI Build-Up for 1,872 SF
Gross rent
$30.3K $16.20/SF
− Vacancy
−$1.4K −$0.73/SF
EGI
$29.0K $15.47/SF
− OpEx
−$8.7K −$4.64/SF
NOI
$20.3K $10.83/SF
Area
West Valley City, 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 Rate 5%
$405,460
Cap Rate 7%
$289,614
Cap Rate 9%
$225,256
Alternative Uses
Best Use
Multifamily LT 5
$289.6K
$253.4K – $337.9K
NOI $20,273 @ 7.0% cap · market cap 3.41%
Second Best
Apartment 5plus
$261.4K
$228.7K – $305.0K
NOI $18,299 @ 7.0% cap · market cap 3.08%
Theoretical Best
Office A
$535.9K
$468.9K – $625.3K
NOI $37,515 @ 7.0% cap · market cap 6.31%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,072
Businesses Nearby
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Business Placement
Demographics for 84119, UT
54,143
Population
16,811
Households
3.2
Avg Household Size
31
Median Age
16%
College-Educated
79%
High-School Grad
11.5 sq mi
ZIP Area
4,708
Density / Sq Mi
$66,616
Median Household Income
$35,676
Median Earnings
$1,418
Median Rent
$341,800
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in West Valley City, UT
Properties on Market for Duplexes in West Valley City
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Both residences have separate utilities, in-unit laundry, and refreshed kitchens with granite counters.
Where is this duplex located?
The property is located at 2362 S 1480 W West Valley City, UT.
What is the asking price?
The asking price for this property is $595,000.
What are key features of this property?
This property features: Two side‑by‑side 2‑bedroom, 1‑bath units; 936 square feet per unit; 1,872 square feet total on a 0.19‑acre lot; Both residences remodeled with updated kitchens, granite counters, and new flooring
