Two-Unit Duplex with Separate
For Sale
$950,000
3965 S 1300 E #3967, Salt Lake City, UT 84124
Two residences provide separate utility metering, laundry hookups, and covered parking.
Property Size4,988 SF
Price / SF$190.46
Days on Market46
Property Features for 3965 S 1300 E #3967
General Information
Standard status
Active
Size
4,988 SF
Property subtype
Multi-Family
Occupancy
97%
Units
Unit Mix
1 x 4BR/2BA, 1 x 6BR/3BA
Multifamily Units
2
Additional Details
Utilities to Site
Yes
Amenities
laundry hookups
carports
separate gas and electrical meters
Building Details
Year Built
1986
Listing Agency:
Zander Real Estate Team PLLC
Listed By:
Andrea Newby
(801) 699-8590
Source:
Lemonaderealestate
Added: Sep 9
Changed: Oct 2
Last Checked: Oct 7 at 2:59PM
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 Zander Real Estate Team PLLC
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Investment Insights
Based on property information with market context.
This 4,988-square-foot duplex, constructed in 1986, contains two residential units with a combined 10 bedrooms and five bathrooms. The first residence has four bedrooms and two bathrooms, while the second includes six bedrooms and three bathrooms. Both units are equipped with laundry hookups, and each has its own gas and electrical meters for separately managed utilities.
The property is located at 3965 S 1300 E Unit 3967 in Salt Lake City, within the Millcreek area. A shared driveway serves the residences, while separate carports provide covered parking for each unit. Reported occupancy is 97%, reflecting an established rental operation with distinct unit layouts and dedicated utility infrastructure.
The property is located at 3965 S 1300 E Unit 3967 in Salt Lake City, within the Millcreek area. A shared driveway serves the residences, while separate carports provide covered parking for each unit. Reported occupancy is 97%, reflecting an established rental operation with distinct unit layouts and dedicated utility infrastructure.
Key Highlights
- 4,988 SF duplex built in 1986
- Two units totaling 10 bedrooms and 5 bathrooms
- Unit mix includes 4 bedrooms and 2 bathrooms plus 6 bedrooms and 3 bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$66,519
Cap Rate
7.00%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,330,380
$1.3M
Cap Rate 7%
$950,271
$950.3K
Cap Rate 9%
$739,100
$739.1K
Market Conditions
NOI Build-Up for 4,988 SF
Gross rent
$100.6K $20.16/SF
− Vacancy
−$5.5K −$1.11/SF
EGI
$95.0K $19.05/SF
− OpEx
−$28.5K −$5.72/SF
NOI
$66.5K $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 Rate 5%
$1,330,380
Cap Rate 7%
$950,271
Cap Rate 9%
$739,100
Alternative Uses
Best Use
Multifamily LT 5
$950.3K
$831.5K – $1.11M
NOI $66,519 @ 7.0% cap · market cap 7.00%
Second Best
Apartment 5plus
$882.8K
$772.4K – $1.03M
NOI $61,794 @ 7.0% cap · market cap 6.50%
Theoretical Best
Office A
$1.34M
$1.18M – $1.57M
NOI $94,069 @ 7.0% cap · market cap 9.90%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
2
Residential units
97%
Occupancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,367
Businesses Nearby
Explore this area
Business Placement
Demographics for 84124, UT
22,872
Population
8,976
Households
2.5
Avg Household Size
38
Median Age
60%
College-Educated
98%
High-School Grad
7.7 sq mi
ZIP Area
2,970
Density / Sq Mi
$117,500
Median Household Income
$53,551
Median Earnings
$1,460
Median Rent
$704,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Two residences provide separate utility metering, laundry hookups, and covered parking.
Where is this duplex located?
The property is located at 3965 S 1300 E #3967 Salt Lake City, UT.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: 4,988 SF duplex built in 1986; Two units totaling 10 bedrooms and 5 bathrooms; Unit mix includes 4 bedrooms and 2 bathrooms plus 6 bedrooms and 3 bathrooms
