Three-Unit Residential Income
605 E 11TH AVE Salt Lake City, UT 84103
605 E 11TH AVE, Salt Lake City, UT, 84103
$1,050,000
Pending
For Sale
$1,050,000
Pending
Triplex-style residential income property with three separate living spaces and designated off-street parking.
Property Size3,373 SF
Days on Market45
Property Features for 605 E 11TH AVE
General Information
- Standard status
- Pending
- Size
- 3,373 SF
- Property subtype
- Duplex
Building Details
- Year Built
- 1971
Listing agency
KW Success Keller Williams Realty
(801) 458-8832
Listed by
Kristie Lynn Nelson
(801) 458-8832
Source
Liftrealty
Added: Jun 9 Updated: Jul 21 at 8:09PM Checked: Jul 23 at 5:36AM
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 KW Success Keller Williams Realty
Investment Insights
Based on property information with market context.
This for-sale triplex-style residential income property features three separate living spaces. The main residence offers 3 bedrooms and 2 bathrooms with single-level living, two gathering areas, and a dual-sided fireplace. It also includes a 2-car garage and a private fenced backyard with garden space.
The second unit has 2 bedrooms and 1 bathroom, also with single-level living. It includes a fireplace, 1-car garage, and access to a private patio, along with a fenced yard with garden space.
The third living space includes its own private entrance, 1 bedroom and 1 bathroom, a family room, a full kitchen, and designated off-street parking.
The second unit has 2 bedrooms and 1 bathroom, also with single-level living. It includes a fireplace, 1-car garage, and access to a private patio, along with a fenced yard with garden space.
The third living space includes its own private entrance, 1 bedroom and 1 bathroom, a family room, a full kitchen, and designated off-street parking.
Key Highlights
- 1971 triplex‑style property with three separate living spaces and designated off‑street parking
- Main residence: 3 bed, 2 bath, single‑level living, two gathering areas, dual‑sided fireplace, and 2‑car garage
- Second unit: 2 bed, 1 bath, single‑level living, fireplace, 1‑car garage, private patio, and fenced yard with garden space
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 | $68.0k | $20.16 |
| − Vacancy | −$3.7k | −$1.11 |
| EGI | $64.3k | $19.05 |
| − OpEx | −$19.3k | −$5.72 |
| NOI | $45.0k | $13.34 |
3,373 SF · lease $20.16/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$642.6K
$562.3K – $749.7K
NOI $44,982 @ 7.0% cap · market cap 4.28%
Second Best
Apartment 5plus
$596.9K
$522.3K – $696.4K
NOI $41,786 @ 7.0% cap · market cap 3.98%
Theoretical Best
Office A
$908.7K
$795.1K – $1.06M
NOI $63,611 @ 7.0% cap · market cap 6.06%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Triplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Triplex - Triplex-style residential income property with three separate living spaces and designated off-street parking.
Where is this triplex located?
The property is located at 605 E 11TH AVE Salt Lake City, UT.
What is the asking price?
The asking price for this property is $1,050,000.
What are key features of this property?
This property features: 1971 triplex‑style property with three separate living spaces and designated off‑street parking; Main residence: 3 bed, 2 bath, single‑level living, two gathering areas, dual‑sided fireplace, and 2‑car garage; Second unit: 2 bed, 1 bath, single‑level living, fireplace, 1‑car garage, private patio, and fenced yard with garden space
