Duplex With Separate Lower
For Sale
$469,500
644 S Grand, Salt Lake City, UT 84102
Two-unit property with independent laundry, kitchen appliances, and a lower-level entrance.
Property Size1,344 SF
Price / SF$349.33
Days on Market57
Property Features for 644 S Grand
General Information
Standard status
Active
Size
1,344 SF
Property subtype
Multi-Family
Site & Location
Public Transit
Yes
Utilities to Site
Yes
Additional Details
Multifamily Units
2
Amenities
washer/dryer in unit
Building Details
Year Built
1948
Buildings
1
Listing Agency:
Urban Utah Homes & Estates, LLC
Listed By:
Babs De Lay
(801) 201-8824
Source:
Chancehammock
Added: Aug 11
Changed: Oct 1
Last Checked: Oct 5 at 9:09PM
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 Urban Utah Homes & Estates, LLC
Investment Insights
Based on property information with market context.
Built in 1948, this 1,344-square-foot duplex contains an upper home and a lower mother-in-law apartment. The downstairs unit has its own entrance, while both units include a washer and dryer. Two stoves and two refrigerators support the separate living areas. Utilities are shared through a single meter and one thermostat.
The property is located at 644 S Grand in Salt Lake City, just below the University of Utah, with access to bus routes and a TRAX stop. The lot extends substantially behind the home, creating a secluded rear area. The property has been used as a rental for decades and offers a two-unit residential configuration near the university.
The property is located at 644 S Grand in Salt Lake City, just below the University of Utah, with access to bus routes and a TRAX stop. The lot extends substantially behind the home, creating a secluded rear area. The property has been used as a rental for decades and offers a two-unit residential configuration near the university.
Key Highlights
- Two‑unit property with 1,344 square feet of living area
- Lower apartment has a separate entrance
- Each unit includes its own washer and dryer
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,923
Cap Rate
3.82%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$358,460
$358.5K
Cap Rate 7%
$256,043
$256.0K
Cap Rate 9%
$199,144
$199.1K
Market Conditions
NOI Build-Up for 1,344 SF
Gross rent
$27.1K $20.16/SF
− Vacancy
−$1.5K −$1.11/SF
EGI
$25.6K $19.05/SF
− OpEx
−$7.7K −$5.72/SF
NOI
$17.9K $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%
$358,460
Cap Rate 7%
$256,043
Cap Rate 9%
$199,144
Alternative Uses
Best Use
Multifamily LT 5
$256.0K
$224.0K – $298.7K
NOI $17,923 @ 7.0% cap · market cap 3.82%
Second Best
Apartment 5plus
$237.9K
$208.1K – $277.5K
NOI $16,650 @ 7.0% cap · market cap 3.55%
Theoretical Best
Office A
$362.1K
$316.8K – $422.5K
NOI $25,347 @ 7.0% cap · market cap 5.40%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,679
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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Cap Rate, Value Estimation, Potential NOI and more
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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 - Two-unit property with independent laundry, kitchen appliances, and a lower-level entrance.
Where is this duplex located?
The property is located at 644 S Grand Salt Lake City, UT.
What is the asking price?
The asking price for this property is $469,500.
What are key features of this property?
This property features: Two‑unit property with 1,344 square feet of living area; Lower apartment has a separate entrance; Each unit includes its own washer and dryer
