414 E SCOTT AVE, South Salt Lake, UT 84115
For Sale
$725,000
The 1996 property has six bedrooms and four bathrooms across approximately 3,092 square feet.
Property Size2 SF
Price / SF$234.48
Days on Market12
Property Features for 414 E SCOTT AVE
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Additional Details
Multifamily Units
Building Details
Building Size
Year Built
Buildings
Listing Agency:
Century 21 Edges
(801) 341-9366
Listed By:
Jill Rustad
(801) 618-2331
Source:
Liftrealty
Added: Oct 29
Changed: Nov 8
Last Checked: Nov 8 at 7:05AM
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 Century 21 Edges
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 1996, this South Salt Lake duplex contains 6 bedrooms and 4 bathrooms within approximately 3,092 square feet. The property is offered individually, with the option to purchase it together with neighboring duplexes at 416 E Scott Ave and 408 E Scott Ave. Acquiring all three properties would provide up to six rental units in one location.
Key Highlights
- Approximately 3,092 square feet
- 6 bedrooms and 4 bathrooms
- Built in 1996
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$38,305
Cap Rate
5.28%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$766,100
$766.1K
Cap Rate 7%
$547,214
$547.2K
Cap Rate 9%
$425,611
$425.6K
Market Conditions
NOI Build-Up for 3,092 SF
Gross rent
$73.5K $23.76/SF
− Vacancy
−$3.8K −$1.24/SF
EGI
$69.6K $22.52/SF
− OpEx
−$31.3K −$10.14/SF
NOI
$38.3K $12.39/SF
Area
Salt Lake County, UT
Vacancy
5.20%
Lease Rate
$23.76 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$766,100
Cap Rate 7%
$547,214
Cap Rate 9%
$425,611
Alternative Uses
Best Use
Apartment 5plus
$547.2K
$478.8K – $638.4K
NOI $38,305 @ 7.0% cap · market cap 5.28%
Second Best
Multifamily LT 5
$478.4K
$418.6K – $558.1K
NOI $33,485 @ 7.0% cap · market cap 4.62%
Theoretical Best
Office A
$833.0K
$728.9K – $971.9K
NOI $58,312 @ 7.0% cap · market cap 8.04%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,621
Businesses Nearby
Explore this area
Business Placement
Demographics for 84115, UT
27,588
Population
13,899
Households
2
Avg Household Size
33
Median Age
33%
College-Educated
85%
High-School Grad
6.1 sq mi
ZIP Area
4,523
Density / Sq Mi
$61,505
Median Household Income
$43,785
Median Earnings
$1,263
Median Rent
$396,200
Median Home Value
Market
Average Price Trend$/SF for Duplexes in Salt Lake County, UT
Properties on Market for Duplexes in Salt Lake County
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - The 1996 property has six bedrooms and four bathrooms across approximately 3,092 square feet.
Where is this duplex located?
The property is located at 414 E SCOTT AVE South Salt Lake, UT.
What is the asking price?
The asking price for this property is $725,000.
What are key features of this property?
This property features: Approximately 3,092 square feet; 6 bedrooms and 4 bathrooms; Built in 1996
