Renovated Duplex with Covered
For Sale
$548,000
3704 S 6800 W, West Valley City, UT 84128
Residential, West Valley City, UT
Property Size1,886 SF
Lot Size0.22 Acres
Price / SF$290.56
Days on Market93
Property Features for 3704 S 6800 W
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
Single-Family, Multi-Fami
Zoning description
1108
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 4, Bedroom 2, Bathroom 2, Bedroom 3, Bathroom 1, Bedroom 1
Parking
6
Parking features
Covered
Window features
Blinds
Interior features
Bath: Sep. Tub/Shower, Range/Oven: Free Stdng.
Exterior features
Double Pane Windows
Subdivision
PARK
Lot features
Curb & Gutter, Fenced: Full, Road: Paved, Sidewalks, Sprinkler: Auto- Full, View: Mountain
Elementary school
Orchard
Middle school
Matheson
High school
Cyprus
Elementary school district
Granite
Middle school district
Granite
High school district
Granite
Standard status
Active
APN
14-34-131-055
Size
1,886 SF
Lot size
0.22 Acres
Taxes and HOA fees
Tax Annual Amount
3012
Utilities
Sewer type
Public Sewer
Heating system
Central, Natural Gas
Amenities
covered carport
low-maintenance artificial turf
Building Details
Year built
1979
Number of units
2
Flooring type
Tile
Building materials
Aluminum, Brick
Roof type
Asphalt
Architectural style
Other
Listing Agency:
Equity Real Estate (Advantage)
(801) 917-5597
Listed By:
Nakole Mellor
(801) 671-7333
Added: Jun 26
Changed: Sep 24
Last Checked: Sep 26 at 10:06AM
MLS# 2168371
Copyright © 2026 UtahRealEstate.com. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This renovated duplex contains 1,886 square feet across two units, with approximately 943 square feet per unit. Each residence offers 2 bedrooms and 1 bath, updated interiors, newer water heaters, a range/oven, and double-pane windows. The property sits on a 0.22-acre lot with artificial turf, covered carport parking for each unit, and additional driveway parking.
Both units are leased through spring/summer 2027, providing established occupancy. The property is served by public sewer and includes central natural-gas heating, an asphalt roof, and aluminum and brick construction. Located in West Valley City near schools, public transportation, shopping, grocery stores, and freeway access, the duplex is approximately 20 minutes from Downtown Salt Lake City. Zoning is listed as Single-Family, Multi-Fami.
Both units are leased through spring/summer 2027, providing established occupancy. The property is served by public sewer and includes central natural-gas heating, an asphalt roof, and aluminum and brick construction. Located in West Valley City near schools, public transportation, shopping, grocery stores, and freeway access, the duplex is approximately 20 minutes from Downtown Salt Lake City. Zoning is listed as Single-Family, Multi-Fami.
Key Highlights
- Two‑unit duplex with 1,886 square feet total
- Each unit is approximately 943 sq. ft. with 2 bedrooms and 1 bath
- Both units leased through spring/summer 2027
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
$20,425
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
3.73%
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%
$408,500
$408.5K
Cap Rate 7%
$291,786
$291.8K
Cap Rate 9%
$226,944
$226.9K
Market Conditions
NOI Build-Up for 1,886 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
$30.6K $16.20/SF
− Vacancy
−$1.4K −$0.73/SF
EGI
$29.2K $15.47/SF
− OpEx
−$8.8K −$4.64/SF
NOI
$20.4K $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%
$408,500
Cap Rate 7%
$291,786
Cap Rate 9%
$226,944
Alternative Uses
Best Use
Multifamily LT 5
$291.8K
$255.3K – $340.4K
NOI $20,425 @ 7.0% cap · market cap 3.73%
Second Best
Apartment 5plus
$263.4K
$230.4K – $307.3K
NOI $18,435 @ 7.0% cap · market cap 3.36%
Theoretical Best
Office A
$539.9K
$472.4K – $629.9K
NOI $37,795 @ 7.0% cap · market cap 6.90%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
100%
Occupancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
200
Businesses Nearby
Explore this area
Business Placement
Demographics for 84128, UT
31,406
Population
8,442
Households
3.7
Avg Household Size
31
Median Age
17%
College-Educated
85%
High-School Grad
8.4 sq mi
ZIP Area
3,739
Density / Sq Mi
$109,286
Median Household Income
$45,880
Median Earnings
$1,838
Median Rent
$404,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Duplex - Two leased units feature updated interiors and individual covered carports.
Where is this duplex located?
The property is located at 3704 S 6800 W West Valley City, UT.
What is the asking price?
The asking price for this property is $548,000.
What are key features of this property?
This property features: Two‑unit duplex with 1,886 square feet total; Each unit is approximately 943 sq. ft. with 2 bedrooms and 1 bath; Both units leased through spring/summer 2027
