Updated Side-by-Side
For Sale
$749,000
614 S 900 E, Salt Lake City, UT 84102
Side-by-side duplex with two updated units, off-street parking, private backyard, and xeriscaped front yard.
Property Size2,156 SF
Days on Market95
Property Features for 614 S 900 E
General Information
Standard status
Active
Size
2,156 SF
Property subtype
Duplex
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$3,241
Amenities
off street parking
high ceilings
private backyard
xeriscape front yard
gas fireplace
Building Details
Building Size
2,156 SF
Year Built
1908
Tenancy
Multi
Listing Agency:
Coldwell Banker Realty (Salt Lake-Sugar House)
Listed By:
Paul Bodet
(801) 618-8766
Source:
Acresutah
Added: Jun 17
Changed: Sep 16
Last Checked: Sep 18 at 10:50AM
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 Coldwell Banker Realty (Salt Lake-Sugar House)
Investment Insights
Based on property information with market context.
This side-by-side duplex offers two updated residential units with separate layouts. Unit 614 includes two bedrooms, one bathroom, and a walk-out basement. Unit 618 features a one-bedroom, one-bathroom arrangement and includes a newer gas fireplace with a tile surround. Both units have been updated with flooring, modern kitchens, and gas ranges.
Reported improvements include a new roof and water heaters installed in 2019, kitchen appliance updates in 2019 and 2024, and electrical wiring upgrades completed in 2023. Additional features include off-street parking, high ceilings, a private backyard, and a xeriscape front yard.
The property is located in Salt Lake City’s 9th & 9th District, with convenient proximity to local shopping, restaurants, cafes, and neighborhood attractions, as well as the University of Utah, Liberty Park, Trolley Square, and downtown Salt Lake City.
Reported improvements include a new roof and water heaters installed in 2019, kitchen appliance updates in 2019 and 2024, and electrical wiring upgrades completed in 2023. Additional features include off-street parking, high ceilings, a private backyard, and a xeriscape front yard.
The property is located in Salt Lake City’s 9th & 9th District, with convenient proximity to local shopping, restaurants, cafes, and neighborhood attractions, as well as the University of Utah, Liberty Park, Trolley Square, and downtown Salt Lake City.
Key Highlights
- Side‑by‑side duplex built in 1908 with two updated units in Salt Lake City’s 9th & 9th District
- Unit 614: 2 bed, 1 bath with a walk‑out basement
- Unit 618: 1 bed, 1 bath with a newer gas fireplace and tile surround
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
$28,752
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
3.84%
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%
$575,040
$575.0K
Cap Rate 7%
$410,743
$410.7K
Cap Rate 9%
$319,467
$319.5K
Market Conditions
NOI Build-Up for 2,156 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
$43.5K $20.16/SF
− Vacancy
−$2.4K −$1.11/SF
EGI
$41.1K $19.05/SF
− OpEx
−$12.3K −$5.72/SF
NOI
$28.8K $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%
$575,040
Cap Rate 7%
$410,743
Cap Rate 9%
$319,467
Alternative Uses
Best Use
Multifamily LT 5
$410.7K
$359.4K – $479.2K
NOI $28,752 @ 7.0% cap · market cap 3.84%
Second Best
Apartment 5plus
$381.6K
$333.9K – $445.2K
NOI $26,710 @ 7.0% cap · market cap 3.57%
Theoretical Best
Office A
$580.9K
$508.3K – $677.7K
NOI $40,660 @ 7.0% cap · market cap 5.43%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
611
Businesses Nearby
Explore this area
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
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Frequently Asked Questions
What type of property is this?
Duplex - Side-by-side duplex with two updated units, off-street parking, private backyard, and xeriscaped front yard.
Where is this duplex located?
The property is located at 614 S 900 E Salt Lake City, UT.
What is the asking price?
The asking price for this property is $749,000.
What are key features of this property?
This property features: Side‑by‑side duplex built in 1908 with two updated units in Salt Lake City’s 9th & 9th District; Unit 614: 2 bed, 1 bath with a walk‑out basement; Unit 618: 1 bed, 1 bath with a newer gas fireplace and tile surround
