Triplex with Rear
For Sale
$745,000
59 S 800 W, Salt Lake City, UT 84104
Side-by-side duplex with an additional cottage in the rear, offered for sale as a residential income property.
Property Size2,465 SF
Price / SF$302.23
Days on Market71
Property Features for 59 S 800 W
General Information
Standard status
Active
Size
2,465 SF
Property subtype
Triplex
Additional Details
Highway Access
Yes
Multifamily Units
3
Building Details
Building Size
2,465 SF
Year Built
1911
Tenancy
Multi
Listing Agency:
Utah Executive Real Estate LC
(801) 941-8400
Listed By:
Aaron A. Mueller
(801) 510-6035
Source:
Liftrealty
Added: Jul 2
Changed: Sep 9
Last Checked: Sep 10 at 7:00AM
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 Utah Executive Real Estate LC
Investment Insights
Based on property information with market context.
This for-sale multifamily property includes a side-by-side duplex with a cottage located in the rear. The configuration provides multiple independent residential units within a single offering, supporting a straightforward income-oriented layout.
The property is described as being close to Downtown and providing freeway access. Please confirm all details and income figures directly with the listing broker and during due diligence.
Overall, the asset presents as a triplex-style residential income arrangement with two units positioned side by side and a separate rear cottage.
The property is described as being close to Downtown and providing freeway access. Please confirm all details and income figures directly with the listing broker and during due diligence.
Overall, the asset presents as a triplex-style residential income arrangement with two units positioned side by side and a separate rear cottage.
Key Highlights
- Side‑by‑side duplex with an additional cottage in the rear, offered as a residential income property
- Year built: 1911
- Includes multiple rental structures (duplex plus rear cottage)
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$32,873
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.41%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$657,460
$657.5K
Cap Rate 7%
$469,614
$469.6K
Cap Rate 9%
$365,256
$365.3K
Market Conditions
NOI Build-Up for 2,465 SF
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.
Gross rent
$49.7K $20.16/SF
− Vacancy
−$2.7K −$1.11/SF
EGI
$47.0K $19.05/SF
− OpEx
−$14.1K −$5.72/SF
NOI
$32.9K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$657,460
Cap Rate 7%
$469,614
Cap Rate 9%
$365,256
Alternative Uses
Best Use
Multifamily LT 5
$469.6K
$410.9K – $547.9K
NOI $32,873 @ 7.0% cap · market cap 4.41%
Second Best
Apartment 5plus
$436.3K
$381.7K – $509.0K
NOI $30,538 @ 7.0% cap · market cap 4.10%
Theoretical Best
Office A
$664.1K
$581.1K – $774.8K
NOI $46,487 @ 7.0% cap · market cap 6.24%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
3
Residential units
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,990
Businesses Nearby
Explore this area
Business Placement
Demographics for 84104, UT
23,487
Population
8,452
Households
2.8
Avg Household Size
31
Median Age
22%
College-Educated
78%
High-School Grad
21.6 sq mi
ZIP Area
1,087
Density / Sq Mi
$61,326
Median Household Income
$35,013
Median Earnings
$1,235
Median Rent
$318,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Triplex - Side-by-side duplex with an additional cottage in the rear, offered for sale as a residential income property.
Where is this triplex located?
The property is located at 59 S 800 W Salt Lake City, UT.
What is the asking price?
The asking price for this property is $745,000.
What are key features of this property?
This property features: Side‑by‑side duplex with an additional cottage in the rear, offered as a residential income property; Year built: 1911; Includes multiple rental structures (duplex plus rear cottage)
