Updated Duplex with Flexible
For Sale
$760,000
701 E 500 S, Bountiful, UT 84010
Refreshed interiors, month-to-month occupancy, and a possible third-unit configuration support multiple ownership approaches.
Property Size2 SF
Price / SF$245.16
Days on Market14
Property Features for 701 E 500 S
General Information
Standard status
Active
Size
2 SF
Property subtype
Duplex
Occupancy
100%
Additional Details
Gross Income
$48,000
Building Details
Building Size
2 SF
Year Built
1949
Tenancy
Multi
Listing Agency:
RE/MAX Peaks
(208) 427-4460
Listed By:
Tayte Lackey
(208) 427-4460
Source:
Liftrealty
Added: Jul 27
Changed: Aug 8
Last Checked: Aug 9 at 5:11AM
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
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 = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$38,059
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.01%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
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.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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 5.01%
Second Best
Apartment 5plus
$503.8K
$440.8K – $587.7K
NOI $35,263 @ 7.0% cap · market cap 4.64%
Theoretical Best
Office A
$716.0K
$626.5K – $835.3K
NOI $50,118 @ 7.0% cap · market cap 6.59%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
410
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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 $760,000.
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
