Triplex with In-Unit
For Sale
$995,000
625 N 900 W, Salt Lake City, UT 84116
Three residences comprise a single-family home and a two-story duplex, with laundry facilities in every unit.
Property Size3,775 SF
Price / SF$263.58
Days on Market39
Property Features for 625 N 900 W
General Information
Standard status
Active
Size
3,775 SF
Property subtype
Triplex
Site & Location
Neighborhood
Riverside
Units
Unit Mix
1 x 3BR/2BA, 2 x 2BR/2BA
Multifamily Units
3
Additional Details
Tenant in Place
Yes
Amenities
fireplace
in-unit laundry
solar panels
Building Details
Year Built
1896
Buildings
2
Listing Agency:
The Agency Salt Lake City
(385) 999-6656
Listed By:
Carolyn Chavez
(801) 608-5282
Source:
Sunkeyrealtygroup
Added: Sep 25
Changed: Nov 1
Last Checked: Nov 1 at 3:23PM
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 The Agency Salt Lake City
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Investment Insights
Based on property information with market context.
This three-unit residential property brings together an updated single-family home and a two-story duplex. The house has three bedrooms and two bathrooms; each of the duplex apartments offers two bedrooms, two bathrooms, and 1,000 square feet. All three residences include a fireplace and in-unit laundry. Recent work in the duplex includes new carpet, paint, blinds, and AC units. The home also has solar panels and a two-car garage/carport.
The property is at 625 N 900 W in Salt Lake City, with convenient access to downtown. The duplex and single-family residence provide three distinct rental units on one property.
The property is at 625 N 900 W in Salt Lake City, with convenient access to downtown. The duplex and single-family residence provide three distinct rental units on one property.
Key Highlights
- Three residential units: a single‑family home and a two‑story duplex
- Each duplex apartment has 1,000 square feet, 2 bedrooms, and 2 bathrooms
- Fireplace and in‑unit laundry in all three residences
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$50,343
Cap Rate
5.06%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,006,860
$1.0M
Cap Rate 7%
$719,186
$719.2K
Cap Rate 9%
$559,367
$559.4K
Market Conditions
NOI Build-Up for 3,775 SF
Gross rent
$76.1K $20.16/SF
− Vacancy
−$4.2K −$1.11/SF
EGI
$71.9K $19.05/SF
− OpEx
−$21.6K −$5.72/SF
NOI
$50.3K $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%
$1,006,860
Cap Rate 7%
$719,186
Cap Rate 9%
$559,367
Alternative Uses
Best Use
Multifamily LT 5
$719.2K
$629.3K – $839.1K
NOI $50,343 @ 7.0% cap · market cap 5.06%
Second Best
Apartment 5plus
$668.1K
$584.6K – $779.4K
NOI $46,766 @ 7.0% cap · market cap 4.70%
Theoretical Best
Office A
$1.02M
$889.9K – $1.19M
NOI $71,193 @ 7.0% cap · market cap 7.16%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
611
Businesses Nearby
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Business Placement
Demographics for 84116, UT
35,327
Population
14,487
Households
2.4
Avg Household Size
31
Median Age
24%
College-Educated
82%
High-School Grad
50.3 sq mi
ZIP Area
702
Density / Sq Mi
$69,604
Median Household Income
$38,492
Median Earnings
$1,280
Median Rent
$334,900
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Triplex - Three residences comprise a single-family home and a two-story duplex, with laundry facilities in every unit.
Where is this triplex located?
The property is located at 625 N 900 W Salt Lake City, UT.
What is the asking price?
The asking price for this property is $995,000.
What are key features of this property?
This property features: Three residential units: a single‑family home and a two‑story duplex; Each duplex apartment has 1,000 square feet, 2 bedrooms, and 2 bathrooms; Fireplace and in‑unit laundry in all three residences
