Duplex with Separate
239 W Ardmore Pl N, Salt Lake City, UT 84103
For Sale
New
$719,000
Two apartments have independent heating, cooling, water heaters, and utility meters.
Property Size1,732 SF
Price / SF$415.13
Days on Market5
Property Features for 239 W Ardmore Pl N
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Site & Location
Neighborhood
Highway Access
Public Transit
Utilities to Site
Units
Unit Mix
Multifamily Units
Individually Metered Utilities
Amenities
in-unit laundry
private backyard
raised garden beds
Building Details
Year Built
Listing Agency:
Realtypath LLC
Listed By:
Besst Realty Group
(801) 782-4575
Source:
Brgut
Added: Nov 10
Changed: Nov 12
Last Checked: Nov 12 at 7:40AM
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
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Investment Insights
Based on property information with market context.
This 1,732-square-foot duplex, built in 1956, contains two distinct apartments. The upper unit has three bedrooms and one bathroom; the lower unit has two bedrooms and one bathroom. Both kitchens include a stove, refrigerator, dishwasher, and microwave, and all appliances are included. Laundry is located in a kitchen closet upstairs and in a dedicated room downstairs. Each apartment has its own furnace, air conditioning, water heater, gas meter, and electric meter.
The property includes three parking spaces and a one-car garage at the rear, with parking arrangements that can be allocated between the units. A private backyard has raised garden beds. The home is in Salt Lake City's Marmalade District, near the Utah State Capitol and downtown destinations including Temple Square, City Creek, the Delta Center, and The Gateway. UTA bus service is available at both ends of the street, and I-15 is a few blocks away.
The source describes an approximately 8% cap rate if both apartments are rented.
The property includes three parking spaces and a one-car garage at the rear, with parking arrangements that can be allocated between the units. A private backyard has raised garden beds. The home is in Salt Lake City's Marmalade District, near the Utah State Capitol and downtown destinations including Temple Square, City Creek, the Delta Center, and The Gateway. UTA bus service is available at both ends of the street, and I-15 is a few blocks away.
The source describes an approximately 8% cap rate if both apartments are rented.
Key Highlights
- Two apartments: 3 bedrooms and 1 bathroom upstairs; 2 bedrooms and 1 bathroom downstairs
- 1,732‑square‑foot duplex built in 1956
- Separate furnace, AC, water heater, gas meter, and electric meter for each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,098
Cap Rate
3.21%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$461,960
$462.0K
Cap Rate 7%
$329,971
$330.0K
Cap Rate 9%
$256,644
$256.6K
Market Conditions
NOI Build-Up for 1,732 SF
Gross rent
$34.9K $20.16/SF
− Vacancy
−$1.9K −$1.11/SF
EGI
$33.0K $19.05/SF
− OpEx
−$9.9K −$5.72/SF
NOI
$23.1K $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%
$461,960
Cap Rate 7%
$329,971
Cap Rate 9%
$256,644
Alternative Uses
Best Use
Multifamily LT 5
$330.0K
$288.7K – $385.0K
NOI $23,098 @ 7.0% cap · market cap 3.21%
Second Best
Apartment 5plus
$306.5K
$268.2K – $357.6K
NOI $21,457 @ 7.0% cap · market cap 2.98%
Theoretical Best
Office A
$466.6K
$408.3K – $544.4K
NOI $32,664 @ 7.0% cap · market cap 4.54%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Lease Details
2
Residential units
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,584
Businesses Nearby
Explore this area
Business Placement
Demographics for 84103, UT
22,788
Population
13,528
Households
1.7
Avg Household Size
36
Median Age
66%
College-Educated
98%
High-School Grad
20.5 sq mi
ZIP Area
1,112
Density / Sq Mi
$81,386
Median Household Income
$54,787
Median Earnings
$1,374
Median Rent
$710,700
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Salt Lake City, UT
Properties on Market for Duplexes in Salt Lake City
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Two apartments have independent heating, cooling, water heaters, and utility meters.
Where is this duplex located?
The property is located at 239 W Ardmore Pl N Salt Lake City, UT.
What is the asking price?
The asking price for this property is $719,000.
What are key features of this property?
This property features: Two apartments: 3 bedrooms and 1 bathroom upstairs; 2 bedrooms and 1 bathroom downstairs; 1,732‑square‑foot duplex built in 1956; Separate furnace, AC, water heater, gas meter, and electric meter for each unit
