Side-By-Side Duplex
For Sale
$739,900
2795 IMPERIAL ST, Salt Lake City, UT 84106
Each unit offers two bedrooms, one bath, ample storage, and a private backyard.
Property Size1,645 SF
Price / SF$449.79
Days on Market310
Property Features for 2795 IMPERIAL ST
General Information
Standard status
Active
Size
1,645 SF
Property subtype
Duplex
Additional Details
Highway Access
Yes
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$2,791
Amenities
3
Tile, Carpet
Range/Oven Free Standing
Window Blinds
Asphalt
Full
Sprinkler System. Fenced Yard.
4 Parking Spaces.
Brick
Mountain
Sprinkler System
0.0x0.0x0.0
Curb & Gutter, Landscaped. Paved Road, Curbs & gutters.
Building Details
Year Built
1959
Listing Agency:
Re/Max Associates LLC
(801) 898-0297
Listed By:
Brandon Calton · License #5757815-SA00
(801) 898-0297
Source:
Xome
Added: Oct 7, 2025
Changed: Aug 12
Last Checked: Aug 12 at 4:27AM
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 Re/Max Associates LLC
Investment Insights
Based on property information with market context.
This side-by-side duplex includes two separate units, each featuring two bedrooms, one bathroom, ample storage, and a private backyard. The property is currently occupied with leases extending through Dec 2025 and May 2026.
Located near the heart of Sugar House and just blocks away, the address also offers close freeway access. It is within reach of Westminster College and the University of Utah.
Located near the heart of Sugar House and just blocks away, the address also offers close freeway access. It is within reach of Westminster College and the University of Utah.
Key Highlights
- Side‑by‑side duplex built in 1959 in a Salt Lake neighborhood
- Each unit has 2 bedrooms, 1 bath, ample storage, and a private backyard
- Appliances include a free‑standing range/oven and flooring is tile and carpet
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$21,937
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
2.96%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$438,740
$438.7K
Cap Rate 7%
$313,386
$313.4K
Cap Rate 9%
$243,744
$243.7K
Market Conditions
NOI Build-Up for 1,645 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$33.2K $20.16/SF
− Vacancy
−$1.8K −$1.11/SF
EGI
$31.3K $19.05/SF
− OpEx
−$9.4K −$5.72/SF
NOI
$21.9K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$438,740
Cap Rate 7%
$313,386
Cap Rate 9%
$243,744
Alternative Uses
Best Use
Multifamily LT 5
$313.4K
$274.2K – $365.6K
NOI $21,937 @ 7.0% cap · market cap 2.96%
Second Best
Apartment 5plus
$291.1K
$254.7K – $339.7K
NOI $20,379 @ 7.0% cap · market cap 2.75%
Theoretical Best
Office A
$443.2K
$387.8K – $517.1K
NOI $31,023 @ 7.0% cap · market cap 4.19%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
486
Businesses Nearby
Explore this area
Business Placement
Demographics for 84106, UT
35,892
Population
16,782
Households
2.1
Avg Household Size
35
Median Age
57%
College-Educated
97%
High-School Grad
6.0 sq mi
ZIP Area
5,982
Density / Sq Mi
$94,452
Median Household Income
$56,358
Median Earnings
$1,576
Median Rent
$529,100
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 - Each unit offers two bedrooms, one bath, ample storage, and a private backyard.
Where is this duplex located?
The property is located at 2795 IMPERIAL ST Salt Lake City, UT.
What is the asking price?
The asking price for this property is $739,900.
What are key features of this property?
This property features: Side‑by‑side duplex built in 1959 in a Salt Lake neighborhood; Each unit has 2 bedrooms, 1 bath, ample storage, and a private backyard; Appliances include a free‑standing range/oven and flooring is tile and carpet
