Duplex With Fenced
For Sale
$524,900
Pending
3183 S 1855 W, West Valley City, UT 84119
Two attached residences offer flexible layouts, private outdoor areas, storage, and covered vehicle parking.
Property Size1,824 SF
Days on Market39
Property Features for 3183 S 1855 W
General Information
Standard status
Pending
Size
1,824 SF
Property subtype
Duplex
Amenities
fully fenced backyard
storage sheds
Building Details
Building Size
1,824 SF
Year Built
1977
Tenancy
Multi
Listing Agency:
The Agency Org, LLC
(801) 403-4400
Listed By:
Spencer Clawson
(801) 636-8426
Source:
Liftrealty
Added: Jul 4
Changed: Aug 11
Last Checked: Aug 11 at 6:08AM
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 The Agency Org, LLC
Investment Insights
Based on property information with market context.
This duplex contains 1,824 square feet and was built in 1977. Each residence includes two bedrooms, a full bathroom on the upper level, and a kitchen, family room, and half bathroom on the main level. The configuration provides four bedrooms and four bathrooms across both sides.
Outdoor features include fenced backyard areas, storage sheds, carports, and additional parking. The property includes ovens, ranges, and refrigerators. Located at 3183 S 1855 W in West Valley City, Utah, the duplex is occupied, with showings arranged by appointment and no unannounced tenant visits.
Outdoor features include fenced backyard areas, storage sheds, carports, and additional parking. The property includes ovens, ranges, and refrigerators. Located at 3183 S 1855 W in West Valley City, Utah, the duplex is occupied, with showings arranged by appointment and no unannounced tenant visits.
Key Highlights
- Duplex with 1,824 square feet built in 1977
- Four bedrooms and four bathrooms across both residences
- Each side includes two bedrooms and a full upper‑level 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
$19,753
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
3.76%
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%
$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
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
$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 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%
$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 3.76%
Second Best
Apartment 5plus
$254.7K
$222.9K – $297.2K
NOI $17,829 @ 7.0% cap · market cap 3.40%
Theoretical Best
Office A
$522.2K
$456.9K – $609.2K
NOI $36,553 @ 7.0% cap · market cap 6.96%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,017
Businesses Nearby
Explore this area
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
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 - Two attached residences offer flexible layouts, private outdoor areas, storage, and covered vehicle parking.
Where is this duplex located?
The property is located at 3183 S 1855 W West Valley City, UT.
What is the asking price?
The asking price for this property is $524,900.
What are key features of this property?
This property features: Duplex with 1,824 square feet built in 1977; Four bedrooms and four bathrooms across both residences; Each side includes two bedrooms and a full upper‑level bathroom
