Remodeled Duplex with Two
For Sale
$680,000
254 E 700 S, Salt Lake City, UT 84111
Updated interiors include separate living areas and walkout access.
Property Size3,159 SF
Price / SF$215.26
Days on Market53
Property Features for 254 E 700 S
General Information
Standard status
Active
Size
3,159 SF
Property subtype
Duplex
Site & Location
Neighborhood
Central 9th
Additional Details
Gross Income
$45,600
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$2,361
Building Details
Building Size
3,159 SF
Year Built
1912
Buildings
1
Listing Agency:
Fathom Realty (Union Park)
Listed By:
Craig Lisonbee
(801) 718-2499
Source:
Acresutah
Added: Sep 2
Changed: Oct 8
Last Checked: Oct 23 at 12:40PM
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 Fathom Realty (Union Park)
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Investment Insights
Based on property information with market context.
This nonconforming-use duplex offers approximately 3,159 square feet with 6 bedrooms, 2 bathrooms, two kitchens, and separate living areas. Recent improvements include flooring, kitchen cabinets, and countertops. Walkout access adds a practical point of entry, while the two-unit configuration supports occupancy by an owner or separate rental use.
The property is located at 254 E 700 S in Salt Lake City, near downtown, Liberty Park, dining, shopping, and neighborhood amenities. The building was constructed in 1912. The duplex is being marketed as a nonconforming use, with unit configuration, zoning, permits, leases, expenses, rents, and legal use subject to buyer and buyer’s agent verification.
The property is located at 254 E 700 S in Salt Lake City, near downtown, Liberty Park, dining, shopping, and neighborhood amenities. The building was constructed in 1912. The duplex is being marketed as a nonconforming use, with unit configuration, zoning, permits, leases, expenses, rents, and legal use subject to buyer and buyer’s agent verification.
Key Highlights
- Approximately 3,159 square feet with 6 bedrooms and 2 bathrooms
- Nonconforming‑use duplex with two kitchens and separate living areas
- Updated flooring, kitchen cabinets, and countertops
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$42,128
Cap Rate
6.20%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$842,560
$842.6K
Cap Rate 7%
$601,829
$601.8K
Cap Rate 9%
$468,089
$468.1K
Market Conditions
NOI Build-Up for 3,159 SF
Gross rent
$63.7K $20.16/SF
− Vacancy
−$3.5K −$1.11/SF
EGI
$60.2K $19.05/SF
− OpEx
−$18.1K −$5.72/SF
NOI
$42.1K $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%
$842,560
Cap Rate 7%
$601,829
Cap Rate 9%
$468,089
Alternative Uses
Best Use
Multifamily LT 5
$601.8K
$526.6K – $702.1K
NOI $42,128 @ 7.0% cap · market cap 6.20%
Second Best
Apartment 5plus
$559.1K
$489.2K – $652.3K
NOI $39,135 @ 7.0% cap · market cap 5.76%
Theoretical Best
Office A
$851.1K
$744.7K – $992.9K
NOI $59,576 @ 7.0% cap · market cap 8.76%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
3,968
Businesses Nearby
Explore this area
Business Placement
Demographics for 84111, UT
12,162
Population
8,635
Households
1.4
Avg Household Size
34
Median Age
55%
College-Educated
95%
High-School Grad
1.4 sq mi
ZIP Area
8,687
Density / Sq Mi
$57,188
Median Household Income
$49,490
Median Earnings
$1,294
Median Rent
$423,000
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Updated interiors include separate living areas and walkout access.
Where is this duplex located?
The property is located at 254 E 700 S Salt Lake City, UT.
What is the asking price?
The asking price for this property is $680,000.
What are key features of this property?
This property features: Approximately 3,159 square feet with 6 bedrooms and 2 bathrooms; Nonconforming‑use duplex with two kitchens and separate living areas; Updated flooring, kitchen cabinets, and countertops
