Updated Duplex with Flexible
For Sale
$709,900
2969 S 625 W, Bountiful, UT 84010
Two leased units offer separate laundry hookups and month-to-month occupancy terms.
Property Size3,096 SF
Price / SF$229.30
Days on Market48
Property Features for 2969 S 625 W
General Information
Standard status
Active
Size
3,096 SF
Property subtype
Duplex
Occupancy
100%
Site & Location
Highway Access
Yes
Road Access
Yes
Units
Unit Mix
5BR/2BA, 3BR/1BA
Multifamily Units
2
Additional Details
Gross Income
$46,800
Building Details
Building Size
3,096 SF
Year Built
1971
Buildings
1
Listing Agency:
Equity Real Estate (Advantage)
(801) 917-5597
Listed By:
John Loveday
(801) 910-1893
Source:
Liftrealty
Added: Aug 31
Changed: Oct 16
Last Checked: Oct 16 at 8:59AM
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 Equity Real Estate (Advantage)
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Investment Insights
Based on property information with market context.
This 3,096-square-foot duplex, built in 1971, contains a five-bedroom, two-bathroom upper unit and a three-bedroom, one-bathroom lower unit. Each residence includes its own laundry hookups. The property is a legal nonconforming duplex, and both units are currently occupied under month-to-month leases.
Interior improvements completed approximately one year ago include new paint, light fixtures, hardware, and carpeting in both units. A newer HVAC system was installed approximately two years ago. Exterior work includes stucco repairs and fresh paint.
The property is located on a quiet street in east Bountiful, near restaurants, mountain areas, downtown Salt Lake, and I-15 access.
Interior improvements completed approximately one year ago include new paint, light fixtures, hardware, and carpeting in both units. A newer HVAC system was installed approximately two years ago. Exterior work includes stucco repairs and fresh paint.
The property is located on a quiet street in east Bountiful, near restaurants, mountain areas, downtown Salt Lake, and I-15 access.
Key Highlights
- 3,096‑square‑foot duplex built in 1971
- Upper unit has 5 bedrooms and 2 bathrooms; lower unit has 3 bedrooms and 1 bathroom
- Legal nonconforming duplex with both units currently rented
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$38,010
Cap Rate
5.35%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$760,200
$760.2K
Cap Rate 7%
$543,000
$543.0K
Cap Rate 9%
$422,333
$422.3K
Market Conditions
NOI Build-Up for 3,096 SF
Gross rent
$60.0K $19.38/SF
− Vacancy
−$5.7K −$1.84/SF
EGI
$54.3K $17.54/SF
− OpEx
−$16.3K −$5.26/SF
NOI
$38.0K $12.28/SF
Area
Davis County, UT
Vacancy
9.50%
Lease Rate
$19.38 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$760,200
Cap Rate 7%
$543,000
Cap Rate 9%
$422,333
Alternative Uses
Best Use
Multifamily LT 5
$543.0K
$475.1K – $633.5K
NOI $38,010 @ 7.0% cap · market cap 5.35%
Second Best
Apartment 5plus
$503.1K
$440.2K – $587.0K
NOI $35,217 @ 7.0% cap · market cap 4.96%
Theoretical Best
Office A
$715.0K
$625.7K – $834.2K
NOI $50,053 @ 7.0% cap · market cap 7.05%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
2
Residential units
100%
Occupancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
701
Businesses Nearby
Explore this area
Business Placement
Demographics for 84010, UT
48,439
Population
16,103
Households
3
Avg Household Size
35
Median Age
46%
College-Educated
98%
High-School Grad
38.0 sq mi
ZIP Area
1,275
Density / Sq Mi
$102,038
Median Household Income
$45,472
Median Earnings
$1,458
Median Rent
$486,000
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 - Two leased units offer separate laundry hookups and month-to-month occupancy terms.
Where is this duplex located?
The property is located at 2969 S 625 W Bountiful, UT.
What is the asking price?
The asking price for this property is $709,900.
What are key features of this property?
This property features: 3,096‑square‑foot duplex built in 1971; Upper unit has 5 bedrooms and 2 bathrooms; lower unit has 3 bedrooms and 1 bathroom; Legal nonconforming duplex with both units currently rented
