Duplex with
For Sale
$329,900
Pending
2389 S KEYS ST W, West Valley City, UT 84119
Two fenced yards, carports, additional parking, and outdoor storage serve the two-unit property.
Property Size1,672 SF
Days on Market21
Property Features for 2389 S KEYS ST W
General Information
Standard status
Pending
Size
1,672 SF
Property subtype
Duplex
Property Condition
Severity
Major Repairs Needed
Evidence
structural issues
Additional Details
Multifamily Units
2
Amenities
walk-in closets
fenced yards
carports
outside storage
Building Details
Building Size
1,672 SF
Year Built
1977
Listing Agency:
Realtypath LLC (Utah)
(801) 386-5908
Listed By:
Sharon G Fila
(801) 755-4442
Source:
Liftrealty
Added: Sep 24
Changed: Oct 13
Last Checked: Oct 12 at 7:37PM
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 (Utah)
Investment Insights
Based on property information with market context.
Built in 1977, this 1,672-square-foot duplex has two units with walk-in closets. The property includes carports, extra parking, outdoor storage, and fenced yards. Improvements include furnaces and central air conditioning installed less than two years ago, a roof replaced in 2021, and a water heater recently replaced in one unit. Much of the fencing was also replaced in recent years.
Structural concerns require repair; bids are available from three licensed structural specialty contractors. The property is offered as-is.
Structural concerns require repair; bids are available from three licensed structural specialty contractors. The property is offered as-is.
Key Highlights
- Two‑unit duplex with 1,672 square feet; built in 1977
- Structural repairs needed; bids from 3 licensed structural specialty contractors
- New furnaces and central A/C installed less than 2 years ago
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,107
Cap Rate
5.49%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$362,140
$362.1K
Cap Rate 7%
$258,671
$258.7K
Cap Rate 9%
$201,189
$201.2K
Market Conditions
NOI Build-Up for 1,672 SF
Gross rent
$27.1K $16.20/SF
− Vacancy
−$1.2K −$0.73/SF
EGI
$25.9K $15.47/SF
− OpEx
−$7.8K −$4.64/SF
NOI
$18.1K $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%
$362,140
Cap Rate 7%
$258,671
Cap Rate 9%
$201,189
Alternative Uses
Best Use
Multifamily LT 5
$258.7K
$226.3K – $301.8K
NOI $18,107 @ 7.0% cap · market cap 5.49%
Second Best
Apartment 5plus
$233.5K
$204.3K – $272.4K
NOI $16,344 @ 7.0% cap · market cap 4.95%
Theoretical Best
Office A
$478.7K
$418.8K – $558.5K
NOI $33,507 @ 7.0% cap · market cap 10.16%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,007
Businesses Nearby
Explore this area
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
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 fenced yards, carports, additional parking, and outdoor storage serve the two-unit property.
Where is this duplex located?
The property is located at 2389 S KEYS ST W West Valley City, UT.
What is the asking price?
The asking price for this property is $329,900.
What are key features of this property?
This property features: Two‑unit duplex with 1,672 square feet; built in 1977; Structural repairs needed; bids from 3 licensed structural specialty contractors; New furnaces and central A/C installed less than 2 years ago
