Updated Duplex with Flexible
701 E 500 S, Bountiful, UT 84010
For Sale
$750,000
Refreshed interiors, month-to-month occupancy, and a possible third-unit configuration support multiple ownership approaches.
Property Size2 SF
Price / SF$241.94
Days on Market106
Property Features for 701 E 500 S
General Information
Standard status
Size
Property subtype
Occupancy
Additional Details
Gross Income
Building Details
Building Size
Year Built
Tenancy
Listing Agency:
RE/MAX Peaks
(435) 278-1619
Listed By:
Tayte Lackey · License #SP53310
(208) 427-4460
Source:
Liftrealty
Added: Jul 27
Changed: Nov 8
Last Checked: Nov 8 at 6:20AM
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 RE/MAX Peaks
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Investment Insights
Based on property information with market context.
This 3,100-square-foot duplex, built in 1949, has undergone a broad interior refresh. Improvements include LVP flooring, tile, paint, cabinetry, appliances, and select electrical work. Both units are occupied under month-to-month leases, providing existing tenancy with lease-term flexibility. The property also includes a legal non-conforming third unit; the buyer should independently confirm its use and zoning with Bountiful City.
Located at 701 E 500 S in Bountiful, the property is near the hospital and within walking distance of schools. Shopping and dining are nearby, with access to I-15 also available. The combination of updated finishes, established occupancy, and a flexible lease structure creates a straightforward duplex offering with an additional configuration to investigate.
Located at 701 E 500 S in Bountiful, the property is near the hospital and within walking distance of schools. Shopping and dining are nearby, with access to I-15 also available. The combination of updated finishes, established occupancy, and a flexible lease structure creates a straightforward duplex offering with an additional configuration to investigate.
Key Highlights
- 3,100‑square‑foot duplex on a 0.07‑acre lot
- Built in 1949 with updated flooring, tile, paint, cabinets, and appliances
- Both units occupied on month‑to‑month leases
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$38,059
Cap Rate
5.07%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$761,180
$761.2K
Cap Rate 7%
$543,700
$543.7K
Cap Rate 9%
$422,878
$422.9K
Market Conditions
NOI Build-Up for 3,100 SF
Gross rent
$60.1K $19.38/SF
− Vacancy
−$5.7K −$1.84/SF
EGI
$54.4K $17.54/SF
− OpEx
−$16.3K −$5.26/SF
NOI
$38.1K $12.28/SF
Area
Davis County, UT
Vacancy
9.50%
Lease Rate
$19.38 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$761,180
Cap Rate 7%
$543,700
Cap Rate 9%
$422,878
Alternative Uses
Best Use
Multifamily LT 5
$543.7K
$475.7K – $634.3K
NOI $38,059 @ 7.0% cap · market cap 5.07%
Second Best
Apartment 5plus
$503.8K
$440.8K – $587.7K
NOI $35,263 @ 7.0% cap · market cap 4.70%
Theoretical Best
Office A
$716.0K
$626.5K – $835.3K
NOI $50,118 @ 7.0% cap · market cap 6.68%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
747
Businesses Nearby
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Business Placement
Demographics for 84010, UT
48,439
Population
16,103
Households
3
Avg Household Size
35
Median Age
46%
College-Educated
98%
High-School Grad
38.0 sq mi
ZIP Area
1,275
Density / Sq Mi
$102,038
Median Household Income
$45,472
Median Earnings
$1,458
Median Rent
$486,000
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 - Refreshed interiors, month-to-month occupancy, and a possible third-unit configuration support multiple ownership approaches.
Where is this duplex located?
The property is located at 701 E 500 S Bountiful, UT.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: 3,100‑square‑foot duplex on a 0.07‑acre lot; Built in 1949 with updated flooring, tile, paint, cabinets, and appliances; Both units occupied on month‑to‑month leases
