Duplex with Mother-in-Law
464 E 10TH AVE N Salt Lake City, UT 84103
464 E 10TH AVE N, Salt Lake City, UT, 84103
$650,000
For Sale
$650,000
Classic 1940 bungalow featuring a legally built mother-in-law apartment for flexible live-or-lease income use.
Property Size1,456 SF
Price / SF$446.43
Days on Market24
Property Features for 464 E 10TH AVE N
General Information
- Standard status
- Active
- Size
- 1,456 SF
- Property subtype
- Duplex
Building Details
- Year Built
- 1940
Listing agency
REDFIN CORPORATION
(801) 913-4696
Listed by
Dean Cotter
(801) 913-4696
Source
Liftrealty
Added: Jun 28 Updated: Jul 21 at 3:28AM Checked: Jul 21 at 3:28AM
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 REDFIN CORPORATION
Investment Insights
Based on property information with market context.
This classic 1940 bungalow was legally built with a mother-in-law apartment and retains its original charm. The property offers a configuration that supports flexible use, with the option to live upstairs while renting the separate unit below, or to keep it fully income-producing.
Located in the heart of the Avenues, the home is just minutes from downtown and Memory Grove. It is also described as within walking distance of LDS Hospital, the Avenues branch of the city library, and Smith’s Grocery.
With its live-and-rent design and residential-income character, the property is suited to buyers looking for a home with an additional attached apartment.
Located in the heart of the Avenues, the home is just minutes from downtown and Memory Grove. It is also described as within walking distance of LDS Hospital, the Avenues branch of the city library, and Smith’s Grocery.
With its live-and-rent design and residential-income character, the property is suited to buyers looking for a home with an additional attached apartment.
Key Highlights
- Classic 1940 bungalow legally includes a mother‑in‑law apartment for flexible live‑or‑lease use.
- Legally built mother‑in‑law apartment allows options to live upstairs and rent the other unit.
- Close to downtown and Memory Grove.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $29.4k | $20.16 |
| − Vacancy | −$1.6k | −$1.11 |
| EGI | $27.7k | $19.05 |
| − OpEx | −$8.3k | −$5.72 |
| NOI | $19.4k | $13.34 |
1,456 SF · lease $20.16/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$277.4K
$242.7K – $323.6K
NOI $19,417 @ 7.0% cap · market cap 2.99%
Second Best
Apartment 5plus
$257.7K
$225.5K – $300.6K
NOI $18,038 @ 7.0% cap · market cap 2.78%
Theoretical Best
Office A
$392.3K
$343.2K – $457.7K
NOI $27,459 @ 7.0% cap · market cap 4.22%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Classic 1940 bungalow featuring a legally built mother-in-law apartment for flexible live-or-lease income use.
Where is this duplex located?
The property is located at 464 E 10TH AVE N 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: Classic 1940 bungalow legally includes a mother‑in‑law apartment for flexible live‑or‑lease use.; Legally built mother‑in‑law apartment allows options to live upstairs and rent the other unit.; Close to downtown and Memory Grove.
