Victorian Duplex with Covered
679 N 5TH AVE. W, Salt Lake City, UT 84103
For Sale
$825,000
Residential, Salt Lake City, UT
Property Size2,706 SF
Lot Size0.10 Acres
Price / SF$304.88
Days on Market71
Property Features for 679 N 5TH AVE. W
General Information
Property type
Property subtype
Zoning
Zoning description
Bedrooms
Bathrooms
Full bathrooms
Rooms
Parking
Parking features
Patio and Porch features
Interior features
Exterior features
Subdivision
Lot features
Elementary school
Middle school
High school
Elementary school district
Middle school district
High school district
Standard status
APN
Size
Lot size
Taxes and HOA fees
Tax Annual Amount
Utilities
Sewer type
Heating system
Building Details
Year built
Number of units
Flooring type
Building materials
Roof type
Architectural style
Buildings
Listing Agency:
Equity Real Estate (Advantage)
(801) 917-5597
Listed By:
Brian Babb
(801) 529-7600
Added: Sep 5
Changed: Oct 25
Last Checked: Nov 14 at 3:06AM
MLS# 2183605
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Investment Insights
Based on property information with market context.
Built in 1902, this 2,706-square-foot brick-and-frame duplex includes one two-bedroom, one-bath residence on the main level and a second two-bedroom, one-bath residence above. The property also has an unfinished basement that is not included in the official square footage or tax records. Interior details include hardwood and tile flooring, freestanding range/ovens, built-in dishwashers, and central forced-air heating fueled by natural gas. Covered parking, a balcony, and a covered patio add to the physical improvements.
The property occupies 0.1 acres at 679 N 5TH AVE. W in Salt Lake City, within the 84103 postal area. It is zoned Multi-Family and connected to public sewer. Brick and frame construction, asphalt roofing, exterior lighting, and the two-residence layout complete the core property profile.
The property occupies 0.1 acres at 679 N 5TH AVE. W in Salt Lake City, within the 84103 postal area. It is zoned Multi-Family and connected to public sewer. Brick and frame construction, asphalt roofing, exterior lighting, and the two-residence layout complete the core property profile.
Key Highlights
- Two residences, each with 2 bedrooms and 1 bathroom
- 2,706 square feet on a 0.1‑acre lot
- Unfinished basement excluded from official square footage and tax records
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$36,087
Cap Rate
4.37%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$721,740
$721.7K
Cap Rate 7%
$515,529
$515.5K
Cap Rate 9%
$400,967
$401.0K
Market Conditions
NOI Build-Up for 2,706 SF
Gross rent
$54.6K $20.16/SF
− Vacancy
−$3.0K −$1.11/SF
EGI
$51.6K $19.05/SF
− OpEx
−$15.5K −$5.72/SF
NOI
$36.1K $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%
$721,740
Cap Rate 7%
$515,529
Cap Rate 9%
$400,967
Alternative Uses
Best Use
Multifamily LT 5
$515.5K
$451.1K – $601.5K
NOI $36,087 @ 7.0% cap · market cap 4.37%
Second Best
Apartment 5plus
$478.9K
$419.0K – $558.7K
NOI $33,523 @ 7.0% cap · market cap 4.06%
Theoretical Best
Office A
$729.0K
$637.9K – $850.5K
NOI $51,032 @ 7.0% cap · market cap 6.19%
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
$710,700
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Salt Lake City, UT
Properties on Market for Duplexes in Salt Lake City
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Two separately configured residences with covered parking, basement space, and a blend of historic character and contemporary updates.
Where is this duplex located?
The property is located at 679 N 5TH AVE. W 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: Two residences, each with 2 bedrooms and 1 bathroom; 2,706 square feet on a 0.1‑acre lot; Unfinished basement excluded from official square footage and tax records
