Up-and-Down
602 N DE SOTO ST, Salt Lake City, UT 84103
For Sale
New
$760,000
R-2 zoning supports single-family or multifamily occupancy, with separate kitchens and laundry areas on each level.
Property Size1,648 SF
Days on Market6
Property Features for 602 N DE SOTO ST
General Information
Standard status
Size
Property subtype
Zoning
Site & Location
Neighborhood
Additional Details
Multifamily Units
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Construction
Listing Agency:
Summit Sotheby's International Realty
Listed By:
Mitchell Finlinson
(435) 513-2555
Source:
Acresutah
Added: Nov 9
Changed: Nov 12
Last Checked: Nov 12 at 2:37PM
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 Summit Sotheby's International Realty
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Investment Insights
Based on property information with market context.
Built in 1950, this two-level duplex has separate entrances, kitchens, and laundry areas for its upper and lower residences. Exterior improvements include updated siding and windows, along with a deck and landscaped outdoor areas. A spacious backyard, two-car garage, and oversized gravel driveway round out the property’s features.
The R-2 zoning allows either single-family or multifamily use. The property is a short walk from the State Capitol and Memory Grove dog park, with hiking and biking access at City Creek Canyon, Ensign Peak, and the Bonneville Shoreline Trail. Downtown Salt Lake and the Marmalade District are a two-minute drive away.
The R-2 zoning allows either single-family or multifamily use. The property is a short walk from the State Capitol and Memory Grove dog park, with hiking and biking access at City Creek Canyon, Ensign Peak, and the Bonneville Shoreline Trail. Downtown Salt Lake and the Marmalade District are a two-minute drive away.
Key Highlights
- Two‑level duplex with separate entrances, kitchens, and laundry areas
- R‑2 zoning allows single‑family or multifamily use
- Built in 1950; updated siding and windows, plus a deck
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,977
Cap Rate
2.89%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$439,540
$439.5K
Cap Rate 7%
$313,957
$314.0K
Cap Rate 9%
$244,189
$244.2K
Market Conditions
NOI Build-Up for 1,648 SF
Gross rent
$33.2K $20.16/SF
− Vacancy
−$1.8K −$1.11/SF
EGI
$31.4K $19.05/SF
− OpEx
−$9.4K −$5.72/SF
NOI
$22.0K $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%
$439,540
Cap Rate 7%
$313,957
Cap Rate 9%
$244,189
Alternative Uses
Best Use
Multifamily LT 5
$314.0K
$274.7K – $366.3K
NOI $21,977 @ 7.0% cap · market cap 2.89%
Second Best
Apartment 5plus
$291.7K
$255.2K – $340.3K
NOI $20,416 @ 7.0% cap · market cap 2.69%
Theoretical Best
Office A
$444.0K
$388.5K – $518.0K
NOI $31,080 @ 7.0% cap · market cap 4.09%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,083
Businesses Nearby
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Business Placement
Demographics for 84103, UT
22,788
Population
13,528
Households
1.7
Avg Household Size
36
Median Age
66%
College-Educated
98%
High-School Grad
20.5 sq mi
ZIP Area
1,112
Density / Sq Mi
$81,386
Median Household Income
$54,787
Median Earnings
$1,374
Median Rent
$710,700
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Salt Lake City, UT
Properties on Market for Duplexes in Salt Lake City
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - R-2 zoning supports single-family or multifamily occupancy, with separate kitchens and laundry areas on each level.
Where is this duplex located?
The property is located at 602 N DE SOTO ST Salt Lake City, UT.
What is the asking price?
The asking price for this property is $760,000.
What are key features of this property?
This property features: Two‑level duplex with separate entrances, kitchens, and laundry areas; R‑2 zoning allows single‑family or multifamily use; Built in 1950; updated siding and windows, plus a deck
