Two-Unit Duplex with
For Sale
$875,000
694 N DE SOTO St, Salt Lake City, UT 84103
Residential, Salt Lake City, UT
Property Size2,100 SF
Lot Size0.19 Acres
Price / SF$416.67
Days on Market36
Property Features for 694 N DE SOTO St
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
Multi-Family
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 1, Bathroom 2, Bedroom 2, Bedroom 3, Bathroom 1, Bedroom 4
Parking
4
Window features
Blinds
Interior features
Disposal, Dishwasher: Built-In
Lot features
Curb & Gutter, Sidewalks, Sprinkler: Auto- Full
Elementary school
Washington
Middle school
Bryant
High school
West
Elementary school district
Salt Lake
Middle school district
Salt Lake
High school district
Salt Lake
Subdivision
Salt Lake City: Avenues Area
Standard status
Active
APN
09-30-354-006
Size
2,100 SF
Lot size
0.19 Acres
Taxes and HOA fees
Tax Annual Amount
3521
Utilities
Sewer type
Public Sewer
Heating system
Central, Forced Air, Natural Gas
Amenities
laundry hookups
Building Details
Year built
1955
Number of units
2
Flooring type
Tile, Carpet, Laminate
Building materials
Brick
Roof type
Asphalt
Architectural style
Other
Listing Agency:
Century 21 Everest · Century 21 Real Estate
(801) 449-3000
Listed By:
Brian Noel · License #5469721
(801) 599-5292
Added: Sep 29
Changed: Nov 2
Last Checked: Nov 3 at 6:06AM
MLS# 2194192
Copyright © 2026 UtahRealEstate.com. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This brick duplex contains two residences totaling 2,100 square feet on a 0.19-acre parcel. Each unit has two bedrooms, one bathroom, laundry hookups, and its own two-car garage. The property was built in 1955 and is zoned Multi-Family.
At 694 N De Soto St in Salt Lake City, the duplex is located beside a hiking trail. Its two-unit configuration and separate garages are central features of the property.
At 694 N De Soto St in Salt Lake City, the duplex is located beside a hiking trail. Its two-unit configuration and separate garages are central features of the property.
Key Highlights
- Two residences, each with 2 bedrooms and 1 bathroom
- Separate 2‑car garage for each unit
- 2,100 square feet on a 0.19‑acre parcel
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,005
Cap Rate
3.20%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$560,100
$560.1K
Cap Rate 7%
$400,071
$400.1K
Cap Rate 9%
$311,167
$311.2K
Market Conditions
NOI Build-Up for 2,100 SF
Gross rent
$42.3K $20.16/SF
− Vacancy
−$2.3K −$1.11/SF
EGI
$40.0K $19.05/SF
− OpEx
−$12.0K −$5.72/SF
NOI
$28.0K $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%
$560,100
Cap Rate 7%
$400,071
Cap Rate 9%
$311,167
Alternative Uses
Best Use
Multifamily LT 5
$400.1K
$350.1K – $466.8K
NOI $28,005 @ 7.0% cap · market cap 3.20%
Second Best
Apartment 5plus
$371.7K
$325.2K – $433.6K
NOI $26,016 @ 7.0% cap · market cap 2.97%
Theoretical Best
Office A
$565.8K
$495.1K – $660.1K
NOI $39,604 @ 7.0% cap · market cap 4.53%
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
942
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 - Both residences offer laundry hookups and separate two-car garages.
Where is this duplex located?
The property is located at 694 N DE SOTO St Salt Lake City, UT.
What is the asking price?
The asking price for this property is $875,000.
What are key features of this property?
This property features: Two residences, each with 2 bedrooms and 1 bathroom; Separate 2‑car garage for each unit; 2,100 square feet on a 0.19‑acre parcel
