Updated Side-by-Side
For Sale
$650,000
458 E LAMBOURNE AVE, Salt Lake City, UT 84115
Two vacant residences offer private fenced yards, dedicated laundry rooms, and refreshed kitchens and baths.
Property Size1,608 SF
Price / SF$404.23
Days on Market213
Property Features for 458 E LAMBOURNE AVE
General Information
Standard status
Active
Size
1,608 SF
Property subtype
Duplex
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Amenities
private fenced yard
dedicated laundry room
Building Details
Building Size
1,608 SF
Year Built
1974
Buildings
1
Listing Agency:
Realtypath LLC (Platinum)
(801) 386-5908
Listed By:
Mark Dunn
(435) 849-5914
Source:
Liftrealty
Added: Mar 16
Changed: Oct 13
Last Checked: Oct 12 at 8:32PM
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 Realtypath LLC (Platinum)
Investment Insights
Based on property information with market context.
Built in 1974, this 1,608-square-foot duplex contains two side-by-side residences, each with two bedrooms, one bathroom, a family room, kitchen, and dedicated laundry room. Both units are vacant. Interior improvements include LVP flooring, paint, trim, windows, and doors; kitchens have white shaker cabinetry, quartz counters, and stainless steel appliances. Bathroom finishes include new tubs, tile surrounds, vanities, and toilets.
Building improvements include newer furnaces, central A/C units, water heaters, a roof, and garage doors. Each residence has a separately fenced yard, and the property offers parking. Shopping, dining, schools, and parks are nearby.
Building improvements include newer furnaces, central A/C units, water heaters, a roof, and garage doors. Each residence has a separately fenced yard, and the property offers parking. Shopping, dining, schools, and parks are nearby.
Key Highlights
- Two‑unit duplex with 1,608 square feet; built in 1974
- Each residence has 2 bedrooms, 1 bathroom, a family room, kitchen, and laundry room
- Both units are vacant
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,444
Cap Rate
3.30%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$428,880
$428.9K
Cap Rate 7%
$306,343
$306.3K
Cap Rate 9%
$238,267
$238.3K
Market Conditions
NOI Build-Up for 1,608 SF
Gross rent
$32.4K $20.16/SF
− Vacancy
−$1.8K −$1.11/SF
EGI
$30.6K $19.05/SF
− OpEx
−$9.2K −$5.72/SF
NOI
$21.4K $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 Rate 5%
$428,880
Cap Rate 7%
$306,343
Cap Rate 9%
$238,267
Alternative Uses
Best Use
Multifamily LT 5
$306.3K
$268.1K – $357.4K
NOI $21,444 @ 7.0% cap · market cap 3.30%
Second Best
Apartment 5plus
$284.6K
$249.0K – $332.0K
NOI $19,921 @ 7.0% cap · market cap 3.06%
Theoretical Best
Office A
$433.2K
$379.1K – $505.4K
NOI $30,325 @ 7.0% cap · market cap 4.67%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
947
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
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two vacant residences offer private fenced yards, dedicated laundry rooms, and refreshed kitchens and baths.
Where is this duplex located?
The property is located at 458 E LAMBOURNE AVE Salt Lake City, UT.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: Two‑unit duplex with 1,608 square feet; built in 1974; Each residence has 2 bedrooms, 1 bathroom, a family room, kitchen, and laundry room; Both units are vacant
