Duplex with Separate
For Sale
$975,000
3965 S 1300 E, Salt Lake City, UT 84124
Residential, Salt Lake City, UT
Property Size4,988 SF
Lot Size0.20 Acres
Price / SF$195.47
Days on Market15
Property Features for 3965 S 1300 E
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
Multi-Family
Bedrooms
10
Bathrooms
5
Full bathrooms
5
Rooms
Bedroom 6, Bathroom 3, Bedroom 9, Bedroom 8, Bedroom 4, Bedroom 1, Bathroom 2, Bathroom 4, Bedroom 10, Bedroom 7, Bathroom 5, Bedroom 5, Bathroom 1, Bedroom 3, Bedroom 2
Parking
6
Window features
Blinds
Interior features
Disposal, Range/Oven: Free Stdng., Dishwasher: Built-In
Lot features
Curb & Gutter, Fenced: Part, Sidewalks, Sprinkler: Auto- Full, Sprinkler: Manual- Full
Elementary school
Crestview
Middle school
Olympus
High school
Olympus
Elementary school district
Granite
Middle school district
Granite
High school district
Granite
Subdivision
Holladay; Millcreek
Standard status
Active
APN
16-32-483-013
Size
4,988 SF
Lot size
0.20 Acres
Taxes and HOA fees
Tax Annual Amount
4571
Utilities
Sewer type
Public Sewer
Heating system
Central, Natural Gas, Forced Air
Amenities
laundry hookups
Building Details
Year built
1986
Number of units
2
Flooring type
Tile, Vinyl, Carpet
Building materials
Aluminum, Brick
Roof type
Asphalt
Architectural style
Other
Listing Agency:
Zander Real Estate Team PLLC
(801) 446-2662
Listed By:
Andrea Newby
(801) 699-8590
Added: Aug 26
Changed: Sep 9
Last Checked: Sep 9 at 4:06AM
MLS# 2183972
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Investment Insights
Based on property information with market context.
This two-unit duplex contains 4,988 square feet on a 0.2-acre lot, with one residence offering 4 bedrooms and 2 bathrooms and the other providing 6 bedrooms and 3 bathrooms. Built in 1986, the property includes separate gas and electrical meters, laundry hookups in both units, and individual carports connected by a shared driveway. Interior features include freestanding ranges, built-in dishwashers, and disposals, with tile, vinyl, and carpet flooring. Central forced-air heating is powered by natural gas, and the property has a brick and aluminum exterior, asphalt roofing, and public sewer service.
The property is located at 3965 S 1300 E in Salt Lake City’s 84124 postal area. Reported occupancy is 97%, providing an established rental record across the two residences. Multi-Family zoning supports the duplex configuration.
The property is located at 3965 S 1300 E in Salt Lake City’s 84124 postal area. Reported occupancy is 97%, providing an established rental record across the two residences. Multi-Family zoning supports the duplex configuration.
Key Highlights
- 4,988 square feet on a 0.2‑acre lot
- Two units with a combined 10 bedrooms and 5 bathrooms
- 97% occupancy rate
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
$66,519
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
6.82%
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%
$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
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
$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 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%
$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 6.82%
Second Best
Apartment 5plus
$882.8K
$772.4K – $1.03M
NOI $61,794 @ 7.0% cap · market cap 6.34%
Theoretical Best
Office A
$1.34M
$1.18M – $1.57M
NOI $94,069 @ 7.0% cap · market cap 9.65%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
97%
Occupancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,316
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
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 - Separate utility metering and covered parking support straightforward operation for both residences.
Where is this duplex located?
The property is located at 3965 S 1300 E Salt Lake City, UT.
What is the asking price?
The asking price for this property is $975,000.
What are key features of this property?
This property features: 4,988 square feet on a 0.2‑acre lot; Two units with a combined 10 bedrooms and 5 bathrooms; 97% occupancy rate
