New Construction Duplex with Fenced
For Sale
$1,035,000
404 2700, Bountiful, UT 84010
New construction duplex with private, fully fenced back yards and both sides currently rented.
Property Size4,068 SF
Price / SF$254.42
Days on Market180
Property Features for 404 2700
General Information
Standard status
Active
Size
4,068 SF
Property subtype
Duplex
Occupancy
100%
Additional Details
Fenced Yard
Yes
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$4,158
Amenities
spectacular views
quiet cul-de-sac
private fenced back yard
custom cabinetry
quartz countertops
stainless steel appliances
3
Tile, Carpet
Electric Dryer
Walk-in Closets, Window Blinds
Double Pane
Asphalt
Full
Sprinkler System. Fenced Yard.
2 Garage Spaces. 8 Parking Spaces.
Stucco
Lake, Mountain
Sprinkler System
0.0x0.0x0.0
Curb & Gutter, Landscaped. Paved Road, Curbs & gutters.
Building Details
Year Built
2024
Tenancy
Multi
Listing Agency:
Select
(801) 589-5800
Listed By:
Equity Real Estate
(801) 750-5996
Source:
Xome
Added: Feb 23
Changed: Aug 12
Last Checked: Aug 21 at 5:10AM
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 Select
Investment Insights
Based on property information with market context.
This new construction duplex was built from the foundation up and features 5 bedrooms and a master suite per side. Each unit includes custom cabinetry in the kitchen and baths, quartz countertops, and stainless steel appliances, along with a private, fully fenced back yard.
The property is located at 404 W 2700 S in Bountiful, UT, set on a quiet cul-de-sac.
Both sides are currently rented, providing an income-producing setup within a single duplex structure.
The property is located at 404 W 2700 S in Bountiful, UT, set on a quiet cul-de-sac.
Both sides are currently rented, providing an income-producing setup within a single duplex structure.
Key Highlights
- 2024 new construction duplex built from the foundation up
- 5 bedrooms per side with a master suite per side
- Each unit includes a private, fully fenced back yard
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
$49,944
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
4.83%
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%
$998,880
$998.9K
Cap Rate 7%
$713,486
$713.5K
Cap Rate 9%
$554,933
$554.9K
Market Conditions
NOI Build-Up for 4,068 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
$78.8K $19.38/SF
− Vacancy
−$7.5K −$1.84/SF
EGI
$71.3K $17.54/SF
− OpEx
−$21.4K −$5.26/SF
NOI
$49.9K $12.28/SF
Area
Davis County, UT
Vacancy
9.50%
Lease Rate
$19.38 /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%
$998,880
Cap Rate 7%
$713,486
Cap Rate 9%
$554,933
Alternative Uses
Best Use
Multifamily LT 5
$713.5K
$624.3K – $832.4K
NOI $49,944 @ 7.0% cap · market cap 4.83%
Second Best
Apartment 5plus
$661.1K
$578.4K – $771.2K
NOI $46,274 @ 7.0% cap · market cap 4.47%
Theoretical Best
Office A
$939.5K
$822.1K – $1.10M
NOI $65,768 @ 7.0% cap · market cap 6.35%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
594
Businesses Nearby
Explore this area
Business Placement
Demographics for 84010, UT
48,439
Population
16,103
Households
3
Avg Household Size
35
Median Age
46%
College-Educated
98%
High-School Grad
38.0 sq mi
ZIP Area
1,275
Density / Sq Mi
$102,038
Median Household Income
$45,472
Median Earnings
$1,458
Median Rent
$486,000
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - New construction duplex with private, fully fenced back yards and both sides currently rented.
Where is this duplex located?
The property is located at 404 2700 Bountiful, UT.
What is the asking price?
The asking price for this property is $1,035,000.
What are key features of this property?
This property features: 2024 new construction duplex built from the foundation up; 5 bedrooms per side with a master suite per side; Each unit includes a private, fully fenced back yard
