Updated Duplex with Private
45 S 300 W, Farmington, UT 84025
For Sale
$700,000
Pending
Each residence has its own laundry area, and the property includes separate utilities for the two units.
Property Size2,464 SF
Days on Market75
Property Features for 45 S 300 W
General Information
Standard status
Size
Property subtype
Units
Unit Mix
Multifamily Units
Amenities
private laundry
Building Details
Year Built
Buildings
Listing Agency:
Berkshire Hathaway HomeServices Utah Properties (North Salt Lake)
(801) 383-1000
Listed By:
Erik Higley
(801) 641-3783
Source:
Markhaaga
Added: Aug 27
Changed: Nov 8
Last Checked: Nov 8 at 8:27PM
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 Berkshire Hathaway HomeServices Utah Properties (North Salt Lake)
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Investment Insights
Based on property information with market context.
This 2,464-square-foot duplex, built in 1976, contains two distinct residences. One has two bedrooms and one full bathroom; the other offers three bedrooms, one full bathroom, and a three-quarter bathroom. Both kitchens have been updated, and each unit has its own laundry space. A two-car carport is also included, and utilities are separate between the units.
The property is in Farmington, with Farmington Station shopping, Lagoon, and schools identified nearby. The address is 45 S 300 W, Farmington, UT 84025.
The property is in Farmington, with Farmington Station shopping, Lagoon, and schools identified nearby. The address is 45 S 300 W, Farmington, UT 84025.
Key Highlights
- 2,464‑square‑foot duplex built in 1976
- Two‑bedroom, one‑bathroom unit and three‑bedroom unit with one full and one three‑quarter bathroom
- Updated kitchens in both units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,251
Cap Rate
4.32%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$605,020
$605.0K
Cap Rate 7%
$432,157
$432.2K
Cap Rate 9%
$336,122
$336.1K
Market Conditions
NOI Build-Up for 2,464 SF
Gross rent
$47.8K $19.38/SF
− Vacancy
−$4.5K −$1.84/SF
EGI
$43.2K $17.54/SF
− OpEx
−$13.0K −$5.26/SF
NOI
$30.3K $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 Rate 5%
$605,020
Cap Rate 7%
$432,157
Cap Rate 9%
$336,122
Alternative Uses
Best Use
Multifamily LT 5
$432.2K
$378.1K – $504.2K
NOI $30,251 @ 7.0% cap · market cap 4.32%
Second Best
Apartment 5plus
$400.4K
$350.4K – $467.1K
NOI $28,028 @ 7.0% cap · market cap 4.00%
Theoretical Best
Office A
$569.1K
$498.0K – $663.9K
NOI $39,836 @ 7.0% cap · market cap 5.69%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
568
Businesses Nearby
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Business Placement
Demographics for 84025, UT
24,596
Population
7,417
Households
3.3
Avg Household Size
31
Median Age
50%
College-Educated
98%
High-School Grad
14.2 sq mi
ZIP Area
1,732
Density / Sq Mi
$120,123
Median Household Income
$50,856
Median Earnings
$1,644
Median Rent
$618,500
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Each residence has its own laundry area, and the property includes separate utilities for the two units.
Where is this duplex located?
The property is located at 45 S 300 W Farmington, UT.
What is the asking price?
The asking price for this property is $700,000.
What are key features of this property?
This property features: 2,464‑square‑foot duplex built in 1976; Two‑bedroom, one‑bathroom unit and three‑bedroom unit with one full and one three‑quarter bathroom; Updated kitchens in both units
