Updated Two-Unit
273 S 1100 E, Salt Lake City, UT 84102
For Sale
$835,000
Two distinct layouts include dedicated laundry areas in each residence.
Property Size2,235 SF
Price / SF$373.60
Days on Market60
Property Features for 273 S 1100 E
General Information
Standard status
Size
Property subtype
Occupancy
Site & Location
Neighborhood
Units
Unit Mix
Multifamily Units
Additional Details
Tenant in Place
Amenities
in-unit laundry
Building Details
Year Built
Buildings
Tenancy
Listing Agency:
RANLife Real Estate Inc
(801) 478-4545
Listed By:
Carolyn Parker
(801) 651-0615
Source:
Sternteam
Added: Sep 9
Changed: Nov 7
Last Checked: Nov 7 at 1:08PM
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 RANLife Real Estate Inc
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Investment Insights
Based on property information with market context.
This updated duplex contains two residences: a one-bedroom unit and a two-bedroom, two-story unit. The smaller residence features an open family room, an eat-in kitchen, in-unit laundry, a bedroom, and a bathroom. The larger unit has a family room and dining area on the main level, along with a kitchen, powder room, and separate laundry area; two bedrooms and a bathroom occupy the upper floor. The property was built in 1902 and contains 2,235 square feet.
The address is 273 S 1100 E in Salt Lake City, near the University of Utah, Westminster, and downtown. Current tenants have expressed interest in renewing their leases with new ownership.
The address is 273 S 1100 E in Salt Lake City, near the University of Utah, Westminster, and downtown. Current tenants have expressed interest in renewing their leases with new ownership.
Key Highlights
- Two residences: one one‑bedroom unit and one two‑bedroom unit
- Two‑bedroom residence spans two stories
- Dedicated laundry areas in both units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,806
Cap Rate
3.57%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$596,120
$596.1K
Cap Rate 7%
$425,800
$425.8K
Cap Rate 9%
$331,178
$331.2K
Market Conditions
NOI Build-Up for 2,235 SF
Gross rent
$45.1K $20.16/SF
− Vacancy
−$2.5K −$1.11/SF
EGI
$42.6K $19.05/SF
− OpEx
−$12.8K −$5.72/SF
NOI
$29.8K $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%
$596,120
Cap Rate 7%
$425,800
Cap Rate 9%
$331,178
Alternative Uses
Best Use
Multifamily LT 5
$425.8K
$372.6K – $496.8K
NOI $29,806 @ 7.0% cap · market cap 3.57%
Second Best
Apartment 5plus
$395.5K
$346.1K – $461.5K
NOI $27,688 @ 7.0% cap · market cap 3.32%
Theoretical Best
Office A
$602.1K
$526.9K – $702.5K
NOI $42,150 @ 7.0% cap · market cap 5.05%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,823
Businesses Nearby
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Business Placement
Demographics for 84102, UT
18,857
Population
11,348
Households
1.7
Avg Household Size
29
Median Age
56%
College-Educated
94%
High-School Grad
1.9 sq mi
ZIP Area
9,925
Density / Sq Mi
$50,040
Median Household Income
$32,432
Median Earnings
$1,305
Median Rent
$487,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/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 distinct layouts include dedicated laundry areas in each residence.
Where is this duplex located?
The property is located at 273 S 1100 E Salt Lake City, UT.
What is the asking price?
The asking price for this property is $835,000.
What are key features of this property?
This property features: Two residences: one one‑bedroom unit and one two‑bedroom unit; Two‑bedroom residence spans two stories; Dedicated laundry areas in both units
