Duplex Near
935 S WASHINGTON ST, Salt Lake City, UT 84101
For Sale
$549,900
MU-5 zoning and nearby bus and TRAX service are notable property features.
Property Size1,200 SF
Price / SF$458.25
Days on Market98
Property Features for 935 S WASHINGTON ST
General Information
Standard status
Size
Property subtype
Zoning
Site & Location
Neighborhood
Highway Access
Public Transit
Additional Details
Multifamily Units
Tenant in Place
Building Details
Year Built
Tenancy
Listing Agency:
Coldwell Banker Realty (Salt Lake-Sugar House)
(801) 488-5300
Listed By:
Miles L Mendenhall · License UT #14234749
(801) 783-0573
Source:
Sunkeyrealtygroup
Added: Aug 9
Changed: Nov 14
Last Checked: Nov 13 at 5:49PM
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 Coldwell Banker Realty (Salt Lake-Sugar House)
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1906 duplex is zoned MU-5. Both current tenants are expected to vacate by closing, leaving the property configured as a duplex at that time.
The property is in downtown Salt Lake City, beside a bus stop and TRAX station, with freeway ramps also nearby. Apartment buildings adjoin the site.
The property is in downtown Salt Lake City, beside a bus stop and TRAX station, with freeway ramps also nearby. Apartment buildings adjoin the site.
Key Highlights
- 1906‑built duplex
- MU‑5 zoning
- Both tenants are expected to vacate by closing
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,003
Cap Rate
2.91%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$320,060
$320.1K
Cap Rate 7%
$228,614
$228.6K
Cap Rate 9%
$177,811
$177.8K
Market Conditions
NOI Build-Up for 1,200 SF
Gross rent
$24.2K $20.16/SF
− Vacancy
−$1.3K −$1.11/SF
EGI
$22.9K $19.05/SF
− OpEx
−$6.9K −$5.72/SF
NOI
$16.0K $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%
$320,060
Cap Rate 7%
$228,614
Cap Rate 9%
$177,811
Alternative Uses
Best Use
Multifamily LT 5
$228.6K
$200.0K – $266.7K
NOI $16,003 @ 7.0% cap · market cap 2.91%
Second Best
Apartment 5plus
$212.4K
$185.8K – $247.8K
NOI $14,866 @ 7.0% cap · market cap 2.70%
Theoretical Best
Office A
$323.3K
$282.9K – $377.2K
NOI $22,631 @ 7.0% cap · market cap 4.12%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,970
Businesses Nearby
Explore this area
Business Placement
Demographics for 84101, UT
8,140
Population
5,605
Households
1.5
Avg Household Size
34
Median Age
51%
College-Educated
95%
High-School Grad
1.8 sq mi
ZIP Area
4,522
Density / Sq Mi
$70,391
Median Household Income
$55,238
Median Earnings
$1,336
Median Rent
$541,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/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 - MU-5 zoning and nearby bus and TRAX service are notable property features.
Where is this duplex located?
The property is located at 935 S WASHINGTON ST Salt Lake City, UT.
What is the asking price?
The asking price for this property is $549,900.
What are key features of this property?
This property features: 1906‑built duplex; MU‑5 zoning; Both tenants are expected to vacate by closing
