10-Unit Apartment
365 E VINE STREET, Tooele, UT 84074
For Sale
$900,000
Residential, Tooele, UT
Property Size3,406 SF
Lot Size0.16 Acres
Price / SF$264.24
Days on Market147
Property Features for 365 E VINE STREET
General Information
Property type
Property subtype
Zoning
Zoning description
Bedrooms
Bathrooms
Full bathrooms
Rooms
Parking
Parking features
Window features
Interior features
Exterior features
Lot features
Elementary school
Middle school
High school
Elementary school district
Middle school district
High school district
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Standard status
APN
Size
Lot size
Additional Details
Tenant in Place
Taxes and HOA fees
Tax Annual Amount
Utilities
Sewer type
Heating system
Building Details
Year built
Number of units
Flooring type
Building materials
Roof type
Architectural style
Listing Agency:
G
Listed By:
David N Hess
(801) 494-9911
Added: Jun 16
Changed: Nov 4
Last Checked: Nov 9 at 6:06AM
MLS# 2165642
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Investment Insights
Based on property information with market context.
Built in 1949, this 3,406-square-foot apartment property contains 10 units: two one-bedroom apartments and eight studios. Each unit has a kitchen and bathroom. The interiors were remodeled within the past five years, and a roof warranty is in place. Cinderblock construction forms the building’s structure.
The property occupies a 0.16-acre site at 365 E Vine Street in Tooele. It is zoned Multi-Family and connects to public sewer. A 6.2% cap rate is reported.
The property occupies a 0.16-acre site at 365 E Vine Street in Tooele. It is zoned Multi-Family and connects to public sewer. A 6.2% cap rate is reported.
Key Highlights
- 10 units: two one‑bedroom apartments and eight studios
- 3,406 square feet on a 0.16‑acre lot
- All units have kitchens and bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$42,195
Cap Rate
4.69%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$843,900
$843.9K
Cap Rate 7%
$602,786
$602.8K
Cap Rate 9%
$468,833
$468.8K
Market Conditions
NOI Build-Up for 3,406 SF
Gross rent
$80.9K $23.76/SF
− Vacancy
−$4.2K −$1.24/SF
EGI
$76.7K $22.52/SF
− OpEx
−$34.5K −$10.14/SF
NOI
$42.2K $12.39/SF
Area
Tooele 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%
$843,900
Cap Rate 7%
$602,786
Cap Rate 9%
$468,833
Alternative Uses
Best Use
Apartment 5plus
$602.8K
$527.4K – $703.3K
NOI $42,195 @ 7.0% cap · market cap 4.69%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$917.6K
$802.9K – $1.07M
NOI $64,234 @ 7.0% cap · market cap 7.14%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
10
Residential units
Location Intelligence
Trade Area within ½ mile
618
Businesses Nearby
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Business Placement
Demographics for 84074, UT
55,001
Population
18,128
Households
3
Avg Household Size
31
Median Age
24%
College-Educated
93%
High-School Grad
174.3 sq mi
ZIP Area
316
Density / Sq Mi
$102,313
Median Household Income
$47,385
Median Earnings
$1,197
Median Rent
$383,300
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - The unit mix comprises two one-bedroom apartments and eight studios, each with a kitchen and bathroom.
Where is this apartment building located?
The property is located at 365 E VINE STREET Tooele, UT.
What is the asking price?
The asking price for this property is $900,000.
What are key features of this property?
This property features: 10 units: two one‑bedroom apartments and eight studios; 3,406 square feet on a 0.16‑acre lot; All units have kitchens and bathrooms
