Updated Two-Unit
For Sale
$415,000
3148 W 3650 S, West Valley City, UT 84119
Side-by-side residences offer private outdoor space, covered parking, and laundry hookups for each household.
Property Size1,824 SF
Price / SF$227.52
Days on Market51
Property Features for 3148 W 3650 S
General Information
Standard status
Active
Size
1,824 SF
Property subtype
Multi-Family
Site & Location
Neighborhood
Candlestick
Building Details
Year Built
1959
Listing Agency:
Real Estate Essentials
Listed By:
Megan Wiesen
(801) 502-4360
Source:
Buysalty
Added: Sep 14
Changed: Oct 25
Last Checked: Nov 3 at 10:41AM
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 Real Estate Essentials
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Investment Insights
Based on property information with market context.
This two-unit duplex contains matching residences with two bedrooms and one bathroom on each side. The property was built in 1959 and has been updated, with each residence offering a carport, storage shed, washer and dryer hookups, and a fully enclosed backyard. The east unit includes a washer, dryer, and refrigerator; appliances in the west unit are divided between the property and its tenant. An adjacent one-bedroom, one-bath home with a two-car garage is also available separately or in combination with the duplex, providing additional configuration flexibility for an owner seeking multiple residences at the same location.
Key Highlights
- Two side‑by‑side units with 2 bedrooms and 1 bathroom each
- 1,824 square feet of duplex space
- Each unit includes a carport and small storage shed
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,753
Cap Rate
4.76%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$395,060
$395.1K
Cap Rate 7%
$282,186
$282.2K
Cap Rate 9%
$219,478
$219.5K
Market Conditions
NOI Build-Up for 1,824 SF
Gross rent
$29.5K $16.20/SF
− Vacancy
−$1.3K −$0.73/SF
EGI
$28.2K $15.47/SF
− OpEx
−$8.5K −$4.64/SF
NOI
$19.8K $10.83/SF
Area
West Valley City, UT
Vacancy
4.50%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$395,060
Cap Rate 7%
$282,186
Cap Rate 9%
$219,478
Alternative Uses
Best Use
Multifamily LT 5
$282.2K
$246.9K – $329.2K
NOI $19,753 @ 7.0% cap · market cap 4.76%
Second Best
Apartment 5plus
$254.7K
$222.9K – $297.2K
NOI $17,829 @ 7.0% cap · market cap 4.30%
Theoretical Best
Office A
$522.2K
$456.9K – $609.2K
NOI $36,553 @ 7.0% cap · market cap 8.81%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
871
Businesses Nearby
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Business Placement
Demographics for 84119, UT
54,143
Population
16,811
Households
3.2
Avg Household Size
31
Median Age
16%
College-Educated
79%
High-School Grad
11.5 sq mi
ZIP Area
4,708
Density / Sq Mi
$66,616
Median Household Income
$35,676
Median Earnings
$1,418
Median Rent
$341,800
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Side-by-side residences offer private outdoor space, covered parking, and laundry hookups for each household.
Where is this duplex located?
The property is located at 3148 W 3650 S West Valley City, UT.
What is the asking price?
The asking price for this property is $415,000.
What are key features of this property?
This property features: Two side‑by‑side units with 2 bedrooms and 1 bathroom each; 1,824 square feet of duplex space; Each unit includes a carport and small storage shed
