Newer Twinhome-Style
For Sale
$1,295,000
514 S KONETA CT, Salt Lake City, UT 84102
Built in 2023, this duplex offers two units with 3 bedrooms and 3 bathrooms each.
Property Size2 SF
Price / SF$322.30
Days on Market102
Property Features for 514 S KONETA CT
General Information
Standard status
Active
Size
2 SF
Property subtype
Duplex
Site & Location
Neighborhood
East Central
Building Details
Building Size
2 SF
Year Built
2023
Listing Agency:
Investment Realty Advisors LLC
(435) 485-7070
Listed By:
Porter Criddle
(801) 694-5291
Source:
Liftrealty
Added: Jul 17
Changed: Oct 25
Last Checked: Oct 24 at 5:58PM
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
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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
Estimated NOI and Cap Rate
NOI / Yr
$53,583
Cap Rate
4.14%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,071,660
$1.1M
Cap Rate 7%
$765,471
$765.5K
Cap Rate 9%
$595,367
$595.4K
Market Conditions
NOI Build-Up for 4,018 SF
Gross rent
$81.0K $20.16/SF
− Vacancy
−$4.5K −$1.11/SF
EGI
$76.5K $19.05/SF
− OpEx
−$23.0K −$5.72/SF
NOI
$53.6K $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%
$1,071,660
Cap Rate 7%
$765,471
Cap Rate 9%
$595,367
Alternative Uses
Best Use
Multifamily LT 5
$765.5K
$669.8K – $893.1K
NOI $53,583 @ 7.0% cap · market cap 4.14%
Second Best
Apartment 5plus
$711.1K
$622.2K – $829.6K
NOI $49,777 @ 7.0% cap · market cap 3.84%
Theoretical Best
Office A
$1.08M
$947.2K – $1.26M
NOI $75,775 @ 7.0% cap · market cap 5.85%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Location Intelligence
Trade Area within ½ mile
1,756
Businesses Nearby
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Business Placement
Demographics for 84102, UT
18,857
Population
11,348
Households
1.7
Avg Household Size
29
Median Age
56%
College-Educated
94%
High-School Grad
1.9 sq mi
ZIP Area
9,925
Density / Sq Mi
$50,040
Median Household Income
$32,432
Median Earnings
$1,305
Median Rent
$487,200
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 - 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 $1,295,000.
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
