Newer Twinhome-Style
514 S KONETA CT Salt Lake City, UT 84102
For Sale
$1,395,000
Built in 2023, this duplex offers two units with 3 bedrooms and 3 bathrooms each.
Property Size4,018 SF
Price / SF$347.19
Days on Market11
Property Features for 514 S KONETA CT
General Information
- Standard status
- Active
- Size
- 4,018 SF
- Property subtype
- Duplex
Building Details
- Year Built
- 2023
Listing Agency:
Investment Realty Advisors LLC
(801) 694-5291
Listed By:
Porter Criddle
(801) 694-5291
Source:
Liftrealty
Added: Jul 17
Changed: Jul 25
Last Checked: Jul 26 at 2:56PM
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 Investment Realty Advisors LLC
Investment Insights
Based on property information with market context.
Built in 2023, this twinhome-style duplex provides a newer-construction residential income setup with two separate units. Each unit includes 3 bedrooms and 3 bathrooms, with modern layouts and quality finishes.
The property is located at 514 S Koneta Ct in Salt Lake City, just steps from the University of Utah, downtown, hospitals, and major employers. Seller financing is available for qualified buyers.
Measurements are provided as a courtesy only, and buyers are advised to obtain independent measurements.
The property is located at 514 S Koneta Ct in Salt Lake City, just steps from the University of Utah, downtown, hospitals, and major employers. Seller financing is available for qualified buyers.
Measurements are provided as a courtesy only, and buyers are advised to obtain independent measurements.
Key Highlights
- Duplex built in 2023 with two twinhome‑style units
- Each unit features 3 bedrooms and 3 bathrooms
- Each unit offers over 2,000 SF
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 | $81.0k | $20.16 |
| − Vacancy | −$4.5k | −$1.11 |
| EGI | $76.5k | $19.05 |
| − OpEx | −$23.0k | −$5.72 |
| NOI | $53.6k | $13.34 |
4,018 SF · lease $20.16/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$765.5K
$669.8K – $893.1K
NOI $53,583 @ 7.0% cap · market cap 3.84%
Second Best
Apartment 5plus
$711.1K
$622.2K – $829.6K
NOI $49,777 @ 7.0% cap · market cap 3.57%
Theoretical Best
Office A
$1.08M
$947.2K – $1.26M
NOI $75,775 @ 7.0% cap · market cap 5.43%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Built in 2023, this duplex offers two units with 3 bedrooms and 3 bathrooms each.
Where is this duplex located?
The property is located at 514 S KONETA CT Salt Lake City, UT.
What is the asking price?
The asking price for this property is $1,395,000.
What are key features of this property?
This property features: Duplex built in 2023 with two twinhome‑style units; Each unit features 3 bedrooms and 3 bathrooms; Each unit offers over 2,000 SF
