Duplex with Separate Downstairs
For Sale
$499,900
644 S GRAND E, Salt Lake City, UT 84102
Two rental units each include in-unit washer/dryer, with a separate entrance for the downstairs unit.
Property Size1,344 SF
Price / SF$371.95
Days on Market43
Property Features for 644 S GRAND E
General Information
Standard status
Active
Size
1,344 SF
Property subtype
Duplex
Additional Details
Multifamily Units
2
Amenities
washer/dryer
Building Details
Building Size
1,344 SF
Year Built
1948
Listing Agency:
Urban Utah Homes & Estates, LLC
(801) 201-8824
Listed By:
Babs De Lay
(801) 201-8824
Source:
Liftrealty
Added: Jun 23
Changed: Jul 26
Last Checked: Jul 28 at 4:24AM
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.
This duplex is configured as an upstairs home with a downstairs in-law apartment. Each unit has its own washer/dryer, and the downstairs unit offers a separate entrance. The property is served by a single meter and thermostat for both units, and both units include stoves and refrigerators.
The home is located just below the U of U, with nearby bus routes and a TRAX stop for convenient transit access. The lot extends well behind the home, creating additional depth and privacy.
Having been used as a rental for decades, the property is being offered as a residential income opportunity. See agent remarks for showing instructions.
The home is located just below the U of U, with nearby bus routes and a TRAX stop for convenient transit access. The lot extends well behind the home, creating additional depth and privacy.
Having been used as a rental for decades, the property is being offered as a residential income opportunity. See agent remarks for showing instructions.
Key Highlights
- 1948‑built home with 2 rental units, each with its own in‑unit washer/dryer
- Downstairs unit has a separate entrance
- Single meter/thermostat serves both units
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 | $27.1k | $20.16 |
| − Vacancy | −$1.5k | −$1.11 |
| EGI | $25.6k | $19.05 |
| − OpEx | −$7.7k | −$5.72 |
| NOI | $17.9k | $13.34 |
1,344 SF · lease $20.16/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$256.0K
$224.0K – $298.7K
NOI $17,923 @ 7.0% cap · market cap 3.59%
Second Best
Apartment 5plus
$237.9K
$208.1K – $277.5K
NOI $16,650 @ 7.0% cap · market cap 3.33%
Theoretical Best
Office A
$362.1K
$316.8K – $422.5K
NOI $25,347 @ 7.0% cap · market cap 5.07%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
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
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two rental units each include in-unit washer/dryer, with a separate entrance for the downstairs unit.
Where is this duplex located?
The property is located at 644 S GRAND E Salt Lake City, UT.
What is the asking price?
The asking price for this property is $499,900.
What are key features of this property?
This property features: 1948‑built home with 2 rental units, each with its own in‑unit washer/dryer; Downstairs unit has a separate entrance; Single meter/thermostat serves both units
