New Construction
For Sale
$1,035,000
404 W 2700 S, Bountiful, UT 84010
Residential, Bountiful, UT
Property Size4,068 SF
Lot Size0.30 Acres
Price / SF$254.42
Days on Market176
Property Features for 404 W 2700 S
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
Multi-Family
Zoning description
RM-13
Bedrooms
10
Bathrooms
6
Full bathrooms
6
Rooms
Bedroom 6, Bathroom 1, Bedroom 1, Bedroom 2, Bedroom 5, Bedroom 9, Bathroom 3, Bedroom 8, Bedroom 3, Bedroom 4, Bathroom 6, Bathroom 4, Bathroom 5, Bedroom 7, Bedroom 10, Bathroom 2
Parking
8
Window features
Blinds
Interior features
Closet: Walk-In, Disposal, Kitchen: Updated, Dishwasher: Built-In
Exterior features
Double Pane Windows
Lot features
Cul-De-Sac, Curb & Gutter, Fenced: Full, Road: Paved, Secluded, Sprinkler: Auto- Full, View: Lake, View: Mountain
View
Lake
Elementary school
Boulton
Middle school
South Davis
High school
Woods Cross
Elementary school district
Davis
Middle school district
Davis
High school district
Davis
Subdivision
Bntfl; NSL; Cntrvl; WdX; Frmtn
Standard status
Active
APN
05-029-0010
Size
4,068 SF
Lot size
0.30 Acres
Taxes and HOA fees
Tax Annual Amount
4158
Utilities
Sewer type
Public Sewer
Heating system
Central, Natural Gas
Amenities
custom cabinetry
quartz countertops
stainless steel appliances
private fully fenced back yard
Building Details
Year built
2024
Number of units
2
Flooring type
Tile, Carpet
Building materials
Stucco
Roof type
Asphalt
Architectural style
Other
Listing Agency:
Equity Real Estate (Select)
(801) 589-5800
Listed By:
Nathan Alvey
(801) 750-5996
Added: Feb 26
Changed: Aug 20
Last Checked: Aug 21 at 5:06PM
MLS# 2139451
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.
Completed in 2024, this duplex contains 4,068 square feet across two residences with a combined 10 bedrooms and 6 bathrooms. Each side includes five bedrooms with a master suite, updated kitchens, custom cabinetry, quartz countertops, stainless steel appliances, walk-in closets, tile and carpet flooring, and double-pane windows. Central natural-gas heating serves both units, while stucco construction and an asphalt roof complete the improvements.
The 0.30-acre property is located at 404 W 2700 S in Bountiful, Utah, on a cul-de-sac and is zoned Multi-Family. Each residence has its own fully fenced backyard. Both units are currently rented, providing an existing two-residence configuration for the next owner.
The 0.30-acre property is located at 404 W 2700 S in Bountiful, Utah, on a cul-de-sac and is zoned Multi-Family. Each residence has its own fully fenced backyard. Both units are currently rented, providing an existing two-residence configuration for the next owner.
Key Highlights
- 2024‑built duplex with 4,068 square feet
- 10 bedrooms and 6 bathrooms across two residences
- Each unit includes five bedrooms and a master suite
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
Multi-tenant
Tenancy
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 - Two leased residences offer updated kitchens, private fenced yards, and multi-family zoning in a cul-de-sac setting.
Where is this duplex located?
The property is located at 404 W 2700 S 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‑built duplex with 4,068 square feet; 10 bedrooms and 6 bathrooms across two residences; Each unit includes five bedrooms and a master suite
