Leased Duplex with Covered
For Sale
$495,000
2384 S DERBY St, West Valley City, UT 84119
Residential, West Valley City, UT
Property Size1,872 SF
Lot Size0.19 Acres
Price / SF$264.42
Days on Market96
Property Features for 2384 S DERBY St
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
Multi-Family
Zoning description
1208
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 1, Bedroom 3, Bedroom 2, Bathroom 2, Bedroom 4, Bathroom 1
Parking
10
Parking features
Covered
Window features
Blinds
Patio and Porch features
Patio
Exterior features
Lighting, Sliding Glass Doors, Patio: Open
Subdivision
RIVERSIDE
Lot features
Curb & Gutter, Fenced: Full, Sidewalks, Sprinkler: Auto- Full
Elementary school
Redwood
Middle school
Granite Park
High school
Granite Peaks
Elementary school district
Granite
Middle school district
Granite
High school district
Granite
Standard status
Active
APN
15-22-282-017
Size
1,872 SF
Lot size
0.19 Acres
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Tax Annual Amount
2824
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas, Forced Air, Central
Amenities
evaporative coolers
Building Details
Year built
1977
Number of units
2
Flooring type
Carpet, Tile
Building materials
Brick, Stucco
Roof type
Asphalt
Architectural style
Other
Buildings
1
Listing Agency:
Equity Real Estate
(385) 399-8719
Listed By:
Jeffrey Callahan
(801) 971-0131
Added: Jul 31
Changed: Oct 24
Last Checked: Nov 3 at 2:06PM
MLS# 2175721
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.
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Investment Insights
Based on property information with market context.
This 1,872-square-foot duplex contains two residential units, each arranged with two bedrooms and one bathroom. Both units are occupied and maintained with carpet and tile flooring, brick and stucco construction, sliding glass doors, and open patios. Brand-new evaporative coolers supplement the forced-air central heating system, which uses natural gas. Covered parking is available on the property, which sits on a 0.19-acre lot and was built in 1977.
Located at 2384 S DERBY St in West Valley City, the property is zoned Multi-Family and served by public sewer. Its position provides access to I-215 and Bangerter Highway, with shopping, dining, and major employment corridors identified nearby. The duplex offers an established two-unit configuration in Salt Lake County with existing occupancy in place.
Located at 2384 S DERBY St in West Valley City, the property is zoned Multi-Family and served by public sewer. Its position provides access to I-215 and Bangerter Highway, with shopping, dining, and major employment corridors identified nearby. The duplex offers an established two-unit configuration in Salt Lake County with existing occupancy in place.
Key Highlights
- Two‑unit duplex with 1,872 square feet on a 0.19‑acre lot
- Each unit includes 2 beds and 1 bath; both units are occupied
- Multi‑Family zoning in West Valley City
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,273
Cap Rate
4.10%
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 4.10%
Second Best
Apartment 5plus
$261.4K
$228.7K – $305.0K
NOI $18,299 @ 7.0% cap · market cap 3.70%
Theoretical Best
Office A
$535.9K
$468.9K – $625.3K
NOI $37,515 @ 7.0% cap · market cap 7.58%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
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
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Two-bedroom units feature one bathroom each, updated evaporative cooling, patios, and covered parking.
Where is this duplex located?
The property is located at 2384 S DERBY St West Valley City, UT.
What is the asking price?
The asking price for this property is $495,000.
What are key features of this property?
This property features: Two‑unit duplex with 1,872 square feet on a 0.19‑acre lot; Each unit includes 2 beds and 1 bath; both units are occupied; Multi‑Family zoning in West Valley City
