2-Unit Front-and-Rear
344 E UTOPIA AVE, South Salt Lake, UT 84115
For Sale
New
$775,000
A recently refreshed rear residence is leased, while the front unit is expected to become vacant.
Property Size1,952 SF
Lot Size0.13 Acres
Price / SF$239.20
Days on Market5
Property Features for 344 E UTOPIA AVE
General Information
Standard status
Size
Lot size
Property subtype
Additional Details
Multifamily Units
Tenant in Place
Building Details
Building Size
Year Built
Buildings
Listing Agency:
Canovo Group
(801) 214-1662
Listed By:
David T Robinson · License UT #5452305
(385) 233-3252
Source:
Liftrealty
Added: Nov 11
Changed: Nov 14
Last Checked: Nov 14 at 2:19PM
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 Canovo Group
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Investment Insights
Based on property information with market context.
This 2-unit duplex has a front-and-rear layout and was built in 1952. The property contains approximately 3,200 square feet across both units on a 0.13-acre lot. The rear residence has updated cabinets, new carpet, and a finished basement; it is leased under a recently signed agreement. The front unit is owner-occupied, with the seller planning to vacate.
Three covered carport spaces and additional off-street parking serve the property. The owner currently pays for gas, water, sewer, and trash. The two units may be occupied separately, with the front residence available after the seller moves out.
Three covered carport spaces and additional off-street parking serve the property. The owner currently pays for gas, water, sewer, and trash. The two units may be occupied separately, with the front residence available after the seller moves out.
Key Highlights
- Two front‑and‑rear units; approximately 3,200 square feet total
- Built in 1952 on a 0.13‑acre lot
- Rear unit features new cabinets, new carpet, and a finished basement
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$40,139
Cap Rate
5.18%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$802,780
$802.8K
Cap Rate 7%
$573,414
$573.4K
Cap Rate 9%
$445,989
$446.0K
Market Conditions
NOI Build-Up for 3,240 SF
Gross rent
$77.0K $23.76/SF
− Vacancy
−$4.0K −$1.24/SF
EGI
$73.0K $22.52/SF
− OpEx
−$32.8K −$10.14/SF
NOI
$40.1K $12.39/SF
Area
Salt Lake County, UT
Vacancy
5.20%
Lease Rate
$23.76 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$802,780
Cap Rate 7%
$573,414
Cap Rate 9%
$445,989
Alternative Uses
Best Use
Apartment 5plus
$573.4K
$501.7K – $669.0K
NOI $40,139 @ 7.0% cap · market cap 5.18%
Second Best
Multifamily LT 5
$501.3K
$438.6K – $584.8K
NOI $35,088 @ 7.0% cap · market cap 4.53%
Theoretical Best
Office A
$872.9K
$763.8K – $1.02M
NOI $61,103 @ 7.0% cap · market cap 7.88%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,294
Businesses Nearby
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Business Placement
Demographics for 84115, UT
27,588
Population
13,899
Households
2
Avg Household Size
33
Median Age
33%
College-Educated
85%
High-School Grad
6.1 sq mi
ZIP Area
4,523
Density / Sq Mi
$61,505
Median Household Income
$43,785
Median Earnings
$1,263
Median Rent
$396,200
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Salt Lake County, UT
Properties on Market for Duplexes in Salt Lake County
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - A recently refreshed rear residence is leased, while the front unit is expected to become vacant.
Where is this duplex located?
The property is located at 344 E UTOPIA AVE South Salt Lake, UT.
What is the asking price?
The asking price for this property is $775,000.
What are key features of this property?
This property features: Two front‑and‑rear units; approximately 3,200 square feet total; Built in 1952 on a 0.13‑acre lot; Rear unit features new cabinets, new carpet, and a finished basement
