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 Features for 614 S 900 E
General Information
Additional Details
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Building Details
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Investment Insights
Based on property information with market context.
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 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 | $43.5k | $20.16 |
| − Vacancy | −$2.4k | −$1.11 |
| EGI | $41.1k | $19.05 |
| − OpEx | −$12.3k | −$5.72 |
| NOI | $28.8k | $13.34 |
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Demographics for 84102, UT
Market
Vacancy Rate% for Multifamily in West region