Duplex With Detached
For Sale
$699,900
352 E Hampton Ave, Salt Lake City, UT 84111
Legal non-conforming duplex with a separate mother-in-law apartment and additional storage capacity.
Property Size3,732 SF
Price / SF$187.54
Days on Market18
Property Features for 352 E Hampton Ave
General Information
Standard status
Active
Size
3,732 SF
Property subtype
Multi-Family
Additional Details
Highway Access
Yes
Building Details
Year Built
1897
Listing Agency:
MJA Real Estate, LLC
Listed By:
Leilani Cole
(385) 800-8574
Source:
Thehonorgrouputah
Added: Aug 16
Changed: Aug 31
Last Checked: Sep 1 at 9:45PM
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 MJA Real Estate, LLC
Investment Insights
Based on property information with market context.
This 3732 SF duplex includes two tenant-occupied units and a separate mother-in-law apartment. The property is classified as legal non-conforming and was built in 1897. A detached garage, along with two additional storage areas, expands the site’s functional utility and offers additional rental options for garage parking or storage.
Located at 352 E Hampton Ave in Salt Lake City, the property has access to downtown, nearby freeway connections, and surrounding conveniences. Current occupancy is reported for two units, with showings available upon receipt of an offer subject to inspection.
Located at 352 E Hampton Ave in Salt Lake City, the property has access to downtown, nearby freeway connections, and surrounding conveniences. Current occupancy is reported for two units, with showings available upon receipt of an offer subject to inspection.
Key Highlights
- 3732 SF duplex with a separate mother‑in‑law apartment
- Legal non‑conforming property built in 1897
- Two units are currently tenant occupied
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
$49,769
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
7.11%
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%
$995,380
$995.4K
Cap Rate 7%
$710,986
$711.0K
Cap Rate 9%
$552,989
$553.0K
Market Conditions
NOI Build-Up for 3,732 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
$75.2K $20.16/SF
− Vacancy
−$4.1K −$1.11/SF
EGI
$71.1K $19.05/SF
− OpEx
−$21.3K −$5.72/SF
NOI
$49.8K $13.34/SF
Area
Salt Lake City, UT
Vacancy
5.50%
Lease Rate
$20.16 /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%
$995,380
Cap Rate 7%
$710,986
Cap Rate 9%
$552,989
Alternative Uses
Best Use
Multifamily LT 5
$711.0K
$622.1K – $829.5K
NOI $49,769 @ 7.0% cap · market cap 7.11%
Second Best
Apartment 5plus
$660.5K
$577.9K – $770.6K
NOI $46,234 @ 7.0% cap · market cap 6.61%
Theoretical Best
Office A
$1.01M
$879.8K – $1.17M
NOI $70,382 @ 7.0% cap · market cap 10.06%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,380
Businesses Nearby
Explore this area
Business Placement
Demographics for 84111, UT
12,162
Population
8,635
Households
1.4
Avg Household Size
34
Median Age
55%
College-Educated
95%
High-School Grad
1.4 sq mi
ZIP Area
8,687
Density / Sq Mi
$57,188
Median Household Income
$49,490
Median Earnings
$1,294
Median Rent
$423,000
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 non-conforming duplex with a separate mother-in-law apartment and additional storage capacity.
Where is this duplex located?
The property is located at 352 E Hampton Ave Salt Lake City, UT.
What is the asking price?
The asking price for this property is $699,900.
What are key features of this property?
This property features: 3732 SF duplex with a separate mother‑in‑law apartment; Legal non‑conforming property built in 1897; Two units are currently tenant occupied
