Updated Duplex with Separate
New
For Sale
$715,000
2969 S 625 W, Bountiful, UT 84010
Residential, Bountiful, UT
Property Size3,096 SF
Lot Size0.28 Acres
Price / SF$230.94
Days on Market2
Property Features for 2969 S 625 W
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
Single-Family
Bedrooms
8
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 8, Bedroom 3, Bathroom 1, Bathroom 2, Bathroom 3, Bedroom 7, Bedroom 6, Bedroom 2, Bedroom 4, Bedroom 1, Bedroom 5
Parking
6
Window features
Blinds
Patio and Porch features
Patio, Deck
Exterior features
Deck; Covered, Patio: Open
Subdivision
IRFRED PARK SUB
Lot features
Fenced: Part
Elementary school
Adelaide
Middle school
South Davis
High school
Woods Cross
Elementary school district
Davis
Middle school district
Davis
High school district
Davis
Standard status
Active
APN
06-101-0067
Size
3,096 SF
Lot size
0.28 Acres
Taxes and HOA fees
Tax Annual Amount
3367
Amenities
laundry hookups
Building Details
Year built
1971
Number of units
2
Flooring type
Travertine, Carpet
Building materials
Stone, Stucco
Roof type
Asphalt
Architectural style
Other
Listing Agency:
Equity Real Estate (Advantage)
(801) 917-5597
Listed By:
John Loveday
(801) 910-1893
Added: Aug 31
Changed: Sep 1
Last Checked: Sep 1 at 7:06AM
MLS# 2182214
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 1971 duplex contains 3,096 square feet on a 0.28-acre lot, with an upstairs residence offering 5 bedrooms and 2 bathrooms and a lower residence with 3 bedrooms and 1 bathroom. Each unit includes its own laundry hookups. Interior improvements completed approximately one year ago include new paint, light fixtures, hardware, and carpeting. A newer HVAC system was installed approximately two years ago, while the exterior has received stucco repairs and fresh paint. Covered deck and open patio areas add outdoor space, and the structure incorporates stone and stucco finishes.
The property is in Bountiful, Utah, near restaurants, mountain areas, downtown Salt Lake, and I-15 access. It is zoned Single-Family and identified as a legal nonconforming duplex. Both residences are occupied under month-to-month leases, allowing continued rental use or potential owner occupancy subject to applicable requirements.
The property is in Bountiful, Utah, near restaurants, mountain areas, downtown Salt Lake, and I-15 access. It is zoned Single-Family and identified as a legal nonconforming duplex. Both residences are occupied under month-to-month leases, allowing continued rental use or potential owner occupancy subject to applicable requirements.
Key Highlights
- 3,096‑square‑foot duplex on a 0.28‑acre lot
- Upstairs unit: 5 bedrooms and 2 bathrooms
- Downstairs unit: 3 bedrooms and 1 bathroom
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
$38,010
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
5.32%
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%
$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
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
$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 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%
$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 5.32%
Second Best
Apartment 5plus
$503.1K
$440.2K – $587.0K
NOI $35,217 @ 7.0% cap · market cap 4.93%
Theoretical Best
Office A
$715.0K
$625.7K – $834.2K
NOI $50,053 @ 7.0% cap · market cap 7.00%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
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
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 - Legal nonconforming duplex with refreshed interiors, flexible month-to-month occupancy, and individual laundry hookups for both units.
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 $715,000.
What are key features of this property?
This property features: 3,096‑square‑foot duplex on a 0.28‑acre lot; Upstairs unit: 5 bedrooms and 2 bathrooms; Downstairs unit: 3 bedrooms and 1 bathroom
