Victorian Duplex with Separate
New
For Sale
$1,600,000
903 E 1ST AVE, Salt Lake City, UT 84103
A distinct secondary apartment offers flexibility for guests or rental use.
Property Size4,032 SF
Days on Market7
Property Features for 903 E 1ST AVE
General Information
Standard status
Active
Size
4,032 SF
Total Parking Spaces
3
Property subtype
Duplex
Site & Location
Neighborhood
Greater Avenues
Taxes and HOA fees
Annual Taxes
$4,695
Building Details
Building Size
4,032 SF
Year Built
1891
Construction
Victorian
Listing Agency:
Signature Group Real Estate
Listed By:
Rikki Curtis
(801) 703-8206
Source:
Acresutah
Added: Oct 20
Changed: Oct 23
Last Checked: Oct 25 at 1:37AM
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 Signature Group Real Estate
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Investment Insights
Based on property information with market context.
Built in 1891, this 4,032-square-foot Victorian duplex has six bedrooms and four bathrooms. Interior details include original woodwork, exposed brick, and hardwood floors, alongside an updated kitchen, refreshed paint, and updated lighting. The property also includes a separate apartment, a one-car garage, a two-car carport, and additional off-street parking.
Located in Salt Lake City's Avenues, the home features spacious living areas, an elegant dining room, and a private primary suite.
Located in Salt Lake City's Avenues, the home features spacious living areas, an elegant dining room, and a private primary suite.
Key Highlights
- 4,032 square feet with 6 bedrooms and 4 bathrooms
- Separate apartment offers guest or rental‑use flexibility
- 1891 construction with original woodwork, exposed brick, and hardwood floors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$53,770
Cap Rate
3.36%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,075,400
$1.1M
Cap Rate 7%
$768,143
$768.1K
Cap Rate 9%
$597,444
$597.4K
Market Conditions
NOI Build-Up for 4,032 SF
Gross rent
$81.3K $20.16/SF
− Vacancy
−$4.5K −$1.11/SF
EGI
$76.8K $19.05/SF
− OpEx
−$23.0K −$5.72/SF
NOI
$53.8K $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%
$1,075,400
Cap Rate 7%
$768,143
Cap Rate 9%
$597,444
Alternative Uses
Best Use
Multifamily LT 5
$768.1K
$672.1K – $896.2K
NOI $53,770 @ 7.0% cap · market cap 3.36%
Second Best
Apartment 5plus
$713.6K
$624.4K – $832.5K
NOI $49,950 @ 7.0% cap · market cap 3.12%
Theoretical Best
Office A
$1.09M
$950.5K – $1.27M
NOI $76,040 @ 7.0% cap · market cap 4.75%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
1,634
Businesses Nearby
Explore this area
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - A distinct secondary apartment offers flexibility for guests or rental use.
Where is this duplex located?
The property is located at 903 E 1ST AVE Salt Lake City, UT.
What is the asking price?
The asking price for this property is $1,600,000.
What are key features of this property?
This property features: 4,032 square feet with 6 bedrooms and 4 bathrooms; Separate apartment offers guest or rental‑use flexibility; 1891 construction with original woodwork, exposed brick, and hardwood floors
