Duplex with Off-Street
3738 S 700 E Unit A-B Salt Lake City, UT 84106
3738 S 700 E Unit A-B, Salt Lake City, UT, 84106
$915,000
For Sale
$915,000
Nearly 4,700 sq ft duplex offers extensive off-street parking, including attached garages, with two units and existing income.
Property Size4,689 SF
Price / SF$195.14
Days on Market12
Property Features for 3738 S 700 E Unit A-B
General Information
- Standard status
- Active
- Size
- 4,689 SF
- Property subtype
- Duplex
Building Details
- Year Built
- 1948
Listing Agency
Prime Real Estate Experts
(801) 948-0796
Listed by
Spencer Clawson
(801) 636-8426
Source
Liftrealty
Added: Jul 8 Checked: Jul 19 at 1:45 am
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 Prime Real Estate Experts
Investment Insights
Based on property information with market context.
This nearly 4,700 sq ft duplex features two separate units in an income-producing residential structure with extensive off-street parking, including attached garages. The deep, tandem 2-car garage is accessed from the laundry room and provides substantial extra storage. Unit A (upstairs) is currently vacant and is move-in ready with new carpets, flooring, paint, window coverings, and a dishwasher, making it easy to show. Unit B (downstairs) is leased through August 31, 2026 and will be shown with an accepted offer.
The property is located along the 700 East–3900 South corridor in South Salt Lake, positioned within a surrounding mix of residential, commercial, and higher-density development. The driveway has been repaved, and a new roof and rain gutters were installed in 2021.
For current operating details provided with the listing, Unit B is leased for $2,295 per month plus a $75 flat rate for utilities covering water, sewer, and garbage, with electricity and gas paid by the tenant in their own names. Buyer to verify square footage and any setback measurements referenced from the county assessor’s website.
The property is located along the 700 East–3900 South corridor in South Salt Lake, positioned within a surrounding mix of residential, commercial, and higher-density development. The driveway has been repaved, and a new roof and rain gutters were installed in 2021.
For current operating details provided with the listing, Unit B is leased for $2,295 per month plus a $75 flat rate for utilities covering water, sewer, and garbage, with electricity and gas paid by the tenant in their own names. Buyer to verify square footage and any setback measurements referenced from the county assessor’s website.
Key Highlights
- Nearly 4,700 SF duplex built in 1948 with two units and existing rental income.
- Unit B (downstairs) leased for $2,295/month plus $75 flat rate utilities (water, sewer, garbage) through Aug 31, 2026.
- Unit A (upstairs) currently vacant, making it easy to show; last rented for $2,295/month through Jan 31, 2026.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $94.5k | $20.16 |
| − Vacancy | −$5.2k | −$1.11 |
| EGI | $89.3k | $19.05 |
| − OpEx | −$26.8k | −$5.72 |
| NOI | $62.5k | $13.34 |
4,689 SF · lease $20.16/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$893.3K
$781.7K – $1.04M
NOI $62,532 @ 7.0% cap · market cap 6.83%
Second Best
Apartment 5plus
$829.9K
$726.1K – $968.2K
NOI $58,090 @ 7.0% cap · market cap 6.35%
Theoretical Best
Office A
$1.26M
$1.11M – $1.47M
NOI $88,430 @ 7.0% cap · market cap 9.66%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Duplex - Nearly 4,700 sq ft duplex offers extensive off-street parking, including attached garages, with two units and existing income.
Where is this duplex located?
The property is located at 3738 S 700 E Unit A-B Salt Lake City, UT.
What is the asking price?
The asking price for this property is $915,000.
What are key features of this property?
This property features: Nearly 4,700 SF duplex built in 1948 with two units and existing rental income.; Unit B (downstairs) leased for $2,295/month plus $75 flat rate utilities (water, sewer, garbage) through Aug 31, 2026.; Unit A (upstairs) currently vacant, making it easy to show; last rented for $2,295/month through Jan 31, 2026.
