Historic Duplex with
For Sale
$825,000
679 N 5th Ave., Salt Lake City, UT 84103
Two matching residences pair historic character with modern updates and unfinished basement space.
Property Size2,262 SF
Price / SF$364.72
Days on Market52
Property Features for 679 N 5th Ave.
General Information
Standard status
Active
Size
2,262 SF
Property subtype
Multi-Family
Site & Location
Neighborhood
Capitol Hill
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Building Details
Year Built
1902
Buildings
1
Construction
Victorian
Listing Agency:
Equity Real Estate (Advantage)
Listed By:
Brian Babb
(801) 529-7600
Source:
Lemonaderealestate
Added: Sep 11
Changed: Oct 25
Last Checked: Oct 7 at 5:47PM
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 Equity Real Estate (Advantage)
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Investment Insights
Based on property information with market context.
Built in 1902, this Victorian duplex contains approximately 2,262 square feet across two residences. The upper unit offers two bedrooms and one bathroom, while the main-level unit provides the same bedroom and bathroom configuration. Modern updates complement the building’s historic character.
An unfinished basement adds additional space for future use but is not included in the official square footage or tax records. The property is located at 679 5th Ave. in Salt Lake City’s The Avenues area.
An unfinished basement adds additional space for future use but is not included in the official square footage or tax records. The property is located at 679 5th Ave. in Salt Lake City’s The Avenues area.
Key Highlights
- Duplex built in 1902
- Approximately 2,262 square feet
- Two residences, each with 2 bedrooms and 1 bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,166
Cap Rate
3.66%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$603,320
$603.3K
Cap Rate 7%
$430,943
$430.9K
Cap Rate 9%
$335,178
$335.2K
Market Conditions
NOI Build-Up for 2,262 SF
Gross rent
$45.6K $20.16/SF
− Vacancy
−$2.5K −$1.11/SF
EGI
$43.1K $19.05/SF
− OpEx
−$12.9K −$5.72/SF
NOI
$30.2K $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%
$603,320
Cap Rate 7%
$430,943
Cap Rate 9%
$335,178
Alternative Uses
Best Use
Multifamily LT 5
$430.9K
$377.1K – $502.8K
NOI $30,166 @ 7.0% cap · market cap 3.66%
Second Best
Apartment 5plus
$400.3K
$350.3K – $467.1K
NOI $28,023 @ 7.0% cap · market cap 3.40%
Theoretical Best
Office A
$609.4K
$533.2K – $711.0K
NOI $42,659 @ 7.0% cap · market cap 5.17%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,741
Businesses Nearby
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Business Placement
Demographics for 84103, UT
22,788
Population
13,528
Households
1.7
Avg Household Size
36
Median Age
66%
College-Educated
98%
High-School Grad
20.5 sq mi
ZIP Area
1,112
Density / Sq Mi
$81,386
Median Household Income
$54,787
Median Earnings
$1,374
Median Rent
$710,700
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Two matching residences pair historic character with modern updates and unfinished basement space.
Where is this duplex located?
The property is located at 679 N 5th Ave. Salt Lake City, UT.
What is the asking price?
The asking price for this property is $825,000.
What are key features of this property?
This property features: Duplex built in 1902; Approximately 2,262 square feet; Two residences, each with 2 bedrooms and 1 bathroom
