Duplex-Style Residential
New
For Sale
$590,000
3830 S MARKET St, West Valley City, UT 84119
MULTI_FAMILY - Other - West Valley City, UT
Property Size2,950 SF
Lot Size0.21 Acres
Price / SF$200
Days on Market6
Property Features for 3830 S MARKET St
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
Single-Family
Zoning description
1108
Bedrooms
5
Bathrooms
3
Full bathrooms
3
Rooms
Bathroom 2, Bathroom 3, Basement, Bedroom 2, Bedroom 4, Bedroom 1, Bedroom 3, Bedroom 5, Bathroom 1
Parking
2
Parking features
Covered, RV
Security features
Security
Patio and Porch features
Patio
Interior features
Alarm: Security, Basement Apartment, Bath: Primary, Closet: Walk-In, Kitchen: Updated, Mother-in-Law Apt., Granite Countertops, Dishwasher: Built-In, Video Door Bell(s), Video Camera(s), Smart Thermostat(s)
Exterior features
Basement Entrance, Double Pane Windows, Entry (Foyer), Sliding Glass Doors, Walkout, Patio: Open
Subdivision
MEADOWS
Lot features
Corner Lot, Fenced: Part, Sprinkler: Auto- Part, View: Mountain
Elementary school
Rolling Meadows
Middle school
Valley
High school
Granger
Elementary school district
Granite
Middle school district
Granite
High school district
Granite
Standard status
Active
APN
15-33-326-010
Size
2,950 SF
Lot size
0.21 Acres
Taxes and HOA fees
Tax Annual Amount
3399
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas, Central, Forced Air
Building Details
Year built
1959
Number of units
2
Flooring type
Carpet, Tile, Laminate, Vinyl
Building materials
Brick
Roof type
Membrane
Architectural style
Other
Additional Structures
Other
Listing Agency:
Town & Country Apollo Properties, LLC
(801) 372-1658
Listed By:
Lynn C Fillmore · License #5478881-PB00
(801) 224-1559
Added: Aug 9
Changed: Aug 14
Last Checked: Aug 14 at 8:06PM
MLS# 2177651
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 2,950-square-foot residential property includes five bedrooms and three full bathrooms across a main floor and fully finished basement. The existing layout includes a mother-in-law apartment with a separate entrance and kitchen, while the basement provides approximately 1,475 square feet of additional living area. The home may offer potential for a nonconforming duplex or ADU, subject to confirmation with West Valley City. Single-Family zoning applies.
Interior improvements include remodeled kitchens and bathrooms, granite countertops, a serving-bar island, built-in dishwasher, primary suite, and a mix of carpet, tile, laminate, and vinyl flooring. The property also features a covered patio, backyard RV parking, walkout access, double-pane windows, central forced-air heating, and a membrane roof. Located at 3830 S MARKET St in West Valley City, the property occupies a 0.21-acre lot. Public sewer serves the site.
Interior improvements include remodeled kitchens and bathrooms, granite countertops, a serving-bar island, built-in dishwasher, primary suite, and a mix of carpet, tile, laminate, and vinyl flooring. The property also features a covered patio, backyard RV parking, walkout access, double-pane windows, central forced-air heating, and a membrane roof. Located at 3830 S MARKET St in West Valley City, the property occupies a 0.21-acre lot. Public sewer serves the site.
Key Highlights
- 2,950 SF property with 5 bedrooms and 3 full bathrooms
- Approximately 1,475 SF basement area that may be considered an ADU
- Separate entrance and kitchen support the existing mother‑in‑law apartment
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
$31,948
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
5.41%
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%
$638,960
$639.0K
Cap Rate 7%
$456,400
$456.4K
Cap Rate 9%
$354,978
$355.0K
Market Conditions
NOI Build-Up for 2,950 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
$47.8K $16.20/SF
− Vacancy
−$2.2K −$0.73/SF
EGI
$45.6K $15.47/SF
− OpEx
−$13.7K −$4.64/SF
NOI
$31.9K $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%
$638,960
Cap Rate 7%
$456,400
Cap Rate 9%
$354,978
Alternative Uses
Best Use
Multifamily LT 5
$456.4K
$399.4K – $532.5K
NOI $31,948 @ 7.0% cap · market cap 5.41%
Second Best
Apartment 5plus
$411.9K
$360.5K – $480.6K
NOI $28,836 @ 7.0% cap · market cap 4.89%
Theoretical Best
Office A
$844.5K
$739.0K – $985.3K
NOI $59,118 @ 7.0% cap · market cap 10.02%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
697
Businesses Nearby
Explore this area
Business Placement
Demographics for 84119, UT
54,143
Population
16,811
Households
3.2
Avg Household Size
31
Median Age
16%
College-Educated
79%
High-School Grad
11.5 sq mi
ZIP Area
4,708
Density / Sq Mi
$66,616
Median Household Income
$35,676
Median Earnings
$1,418
Median Rent
$341,800
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 - Five-bedroom residence with a finished basement apartment, separate entrances, updated kitchens, and remodeled bathrooms.
Where is this duplex located?
The property is located at 3830 S MARKET St West Valley City, UT.
What is the asking price?
The asking price for this property is $590,000.
What are key features of this property?
This property features: 2,950 SF property with 5 bedrooms and 3 full bathrooms; Approximately 1,475 SF basement area that may be considered an ADU; Separate entrance and kitchen support the existing mother‑in‑law apartment
