Three-Unit Triplex with Detached
258 E 10TH AVE, Salt Lake City, UT 84103
For Sale
$875,000
Three separate residences each have an assigned garage space, with the third unit entered from the rear.
Property Size3,053 SF
Days on Market154
Property Features for 258 E 10TH AVE
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Site & Location
Neighborhood
Units
Unit Mix
Multifamily Units
Parking per Unit
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Listing Agency:
Vertical Real Estate LLC
Listed By:
Loraca Peterson
(801) 897-4833
Source:
Acresutah
Added: Jun 9
Changed: Nov 7
Last Checked: Nov 8 at 4:31PM
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 Vertical Real Estate LLC
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Investment Insights
Based on property information with market context.
Built in 1939, this triplex contains three legal, separate residences. Units 1 and 2 each have one bedroom, one bathroom, a walk-in closet, kitchen, dining area, and living room. The third residence includes one bedroom, one bathroom, a kitchen, living room, and an office or den, with entry from the rear as well as through the front foyer.
A detached three-car garage provides one assigned space for each unit. Mature trees occupy the rear outdoor area. The property is located in Salt Lake City, with access to the Bonneville shoreline trail, City Creek, and the University of Utah.
A detached three-car garage provides one assigned space for each unit. Mature trees occupy the rear outdoor area. The property is located in Salt Lake City, with access to the Bonneville shoreline trail, City Creek, and the University of Utah.
Key Highlights
- Three legal units: two one‑bedroom, one‑bath residences and a third with one bedroom, one bathroom, and an office/den
- Detached three‑car garage with one garage assigned to each unit
- Built in 1939
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$40,714
Cap Rate
4.65%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$814,280
$814.3K
Cap Rate 7%
$581,629
$581.6K
Cap Rate 9%
$452,378
$452.4K
Market Conditions
NOI Build-Up for 3,053 SF
Gross rent
$61.5K $20.16/SF
− Vacancy
−$3.4K −$1.11/SF
EGI
$58.2K $19.05/SF
− OpEx
−$17.4K −$5.72/SF
NOI
$40.7K $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%
$814,280
Cap Rate 7%
$581,629
Cap Rate 9%
$452,378
Alternative Uses
Best Use
Multifamily LT 5
$581.6K
$508.9K – $678.6K
NOI $40,714 @ 7.0% cap · market cap 4.65%
Second Best
Apartment 5plus
$540.3K
$472.8K – $630.4K
NOI $37,822 @ 7.0% cap · market cap 4.32%
Theoretical Best
Office A
$822.5K
$719.7K – $959.6K
NOI $57,577 @ 7.0% cap · market cap 6.58%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
1,165
Businesses Nearby
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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 Triplexes in Salt Lake County, UT
Properties on Market for Triplexes in Salt Lake County
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Triplex - Three separate residences each have an assigned garage space, with the third unit entered from the rear.
Where is this triplex located?
The property is located at 258 E 10TH AVE Salt Lake City, UT.
What is the asking price?
The asking price for this property is $875,000.
What are key features of this property?
This property features: Three legal units: two one‑bedroom, one‑bath residences and a third with one bedroom, one bathroom, and an office/den; Detached three‑car garage with one garage assigned to each unit; Built in 1939
