Brick Duplex with Two
559 E WILSON AVE Salt Lake City, UT 84105
New
559 E WILSON AVE, Salt Lake City, UT, 84105
$749,900
For Sale
$749,900
Brick duplex with separate upstairs and downstairs units, in-unit laundry hookups, and two-car garage parking.
Property Size2,000 SF
Price / SF$374.95
Days on Market7
Property Features for 559 E WILSON AVE
General Information
- Standard status
- Active
- Size
- 2,000 SF
- Property subtype
- Duplex
Building Details
- Year Built
- 1957
Listing agency
Plumb & Company Realtors LLP
(801) 580-8149
Listed by
Bob Plumb
(801) 580-8149
Source
Liftrealty
Added: Jul 17 Updated: Jul 21 at 8:07PM Checked: Jul 22 at 5:00AM
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 Plumb & Company Realtors LLP
Investment Insights
Based on property information with market context.
Brick duplex originally built in 1957, offering two separate units with individual gas and electric meters. The upstairs unit features 3 bedrooms and 1 bathroom, while the downstairs unit has 2 bedrooms and 1 bathroom. Both units share a separate laundry room setup with two sets of washer/dryers. The property includes a sitting porch for the upstairs unit, two-car garage parking, and a fenced backyard.
Located on a quiet residential street and described as being four blocks from Liberty Park. Please do not disturb lower unit tenants.
Located on a quiet residential street and described as being four blocks from Liberty Park. Please do not disturb lower unit tenants.
Key Highlights
- 1957 brick duplex with separate upstairs and downstairs units
- Separate gas and electric meters for both units
- Upstairs unit: 3 bedrooms, 1 bath, plus a sitting porch
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 | $40.3k | $20.16 |
| − Vacancy | −$2.2k | −$1.11 |
| EGI | $38.1k | $19.05 |
| − OpEx | −$11.4k | −$5.72 |
| NOI | $26.7k | $13.34 |
2,000 SF · lease $20.16/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$381.0K
$333.4K – $444.5K
NOI $26,672 @ 7.0% cap · market cap 3.56%
Second Best
Apartment 5plus
$354.0K
$309.7K – $413.0K
NOI $24,777 @ 7.0% cap · market cap 3.30%
Theoretical Best
Office A
$538.8K
$471.5K – $628.6K
NOI $37,718 @ 7.0% cap · market cap 5.03%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
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FAQs
What type of property is this?
Duplex - Brick duplex with separate upstairs and downstairs units, in-unit laundry hookups, and two-car garage parking.
Where is this duplex located?
The property is located at 559 E WILSON AVE Salt Lake City, UT.
What is the asking price?
The asking price for this property is $749,900.
What are key features of this property?
This property features: 1957 brick duplex with separate upstairs and downstairs units; Separate gas and electric meters for both units; Upstairs unit: 3 bedrooms, 1 bath, plus a sitting porch
