Side-by-Side Duplex with
For Sale
$695,000
2795 S IMPERIAL St, Salt Lake City, UT 84106
Residential, Salt Lake City, UT
Property Size1,645 SF
Lot Size0.15 Acres
Price / SF$422.49
Days on Market324
Property Features for 2795 S IMPERIAL St
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
Multi-Family
Zoning description
1107
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 4, Bedroom 2, Bathroom 2, Bedroom 3, Bedroom 1, Bathroom 1
Parking
4
Window features
Blinds
Interior features
Range/Oven: Free Stdng., Dishwasher: Built-In
Lot features
Curb & Gutter, Fenced: Full, Road: Paved, Sprinkler: Auto- Full, View: Mountain
Elementary school
Highland Park
Middle school
Hillside
High school
Highland
Elementary school district
Salt Lake
Middle school district
Salt Lake
High school district
Salt Lake
Subdivision
Salt Lake City; So. Salt Lake
Standard status
Active
APN
16-28-201-012
Size
1,645 SF
Lot size
0.15 Acres
Taxes and HOA fees
Tax Annual Amount
2791
Utilities
Sewer type
Public Sewer
Heating system
Central, Forced Air, Natural Gas
Building Details
Year built
1959
Number of units
2
Flooring type
Tile, Carpet
Building materials
Brick
Roof type
Asphalt
Architectural style
Other
Listing Agency:
RE/MAX Associates · RE/MAX International
(435) 714-7200
Listed By:
Brandon Calton · License #5757815-SA00
(801) 898-0297
Added: Oct 10, 2025
Changed: Aug 26
Last Checked: Aug 29 at 3:06AM
MLS# 2116876
Copyright © 2026 UtahRealEstate.com. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This side-by-side duplex contains two residences, each with two bedrooms, one bathroom, ample storage, and a private backyard. The 1,645-square-foot property sits on a 0.15-acre lot and was built in 1959. Brick construction, asphalt roofing, forced-air central heating, natural gas service, carpet and tile flooring, and public sewer are also reported. Interior appliances include a freestanding range/oven and built-in dishwasher.
The property is in Salt Lake City near Sugar House shopping and dining, with freeway access and proximity to Westminster College and the University of Utah. Existing leases extend through December 2025 and May 2026. Tenant privacy is requested for showings.
The property is in Salt Lake City near Sugar House shopping and dining, with freeway access and proximity to Westminster College and the University of Utah. Existing leases extend through December 2025 and May 2026. Tenant privacy is requested for showings.
Key Highlights
- Side‑by‑side duplex with two bedrooms and one bathroom in each unit
- 1,645 square feet on a 0.15‑acre lot
- Private backyard and ample storage for each residence
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
3.16%
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 3.16%
Second Best
Apartment 5plus
$291.1K
$254.7K – $339.7K
NOI $20,379 @ 7.0% cap · market cap 2.93%
Theoretical Best
Office A
$443.2K
$387.8K – $517.1K
NOI $31,023 @ 7.0% cap · market cap 4.46%
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Two separate residences offer private outdoor space, storage, and access to shopping, dining, colleges, and nearby freeways.
Where is this duplex located?
The property is located at 2795 S IMPERIAL St Salt Lake City, UT.
What is the asking price?
The asking price for this property is $695,000.
What are key features of this property?
This property features: Side‑by‑side duplex with two bedrooms and one bathroom in each unit; 1,645 square feet on a 0.15‑acre lot; Private backyard and ample storage for each residence
