Victorian Triplex with Three
For Sale
$1,249,000
936 1700, Salt Lake City, UT 84105
Triplex property in Salt Lake City with three distinct units, including a main home plus a rear tiny house.
Property Size4,309 SF
Price / SF$289.86
Days on Market238
Property Features for 936 1700
General Information
Standard status
Active
Size
4,309 SF
Property subtype
Triplex
Additional Details
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$6,227
Amenities
3
Hardwood, Tile, Concrete, Carpet
Electric Dryer
French Doors, Window Blinds, Fireplace Equipment
Asphalt
Partial
Patio, Balcony
Fenced Yard.
9 Parking Spaces.
Brick
Mountain, Valley
Sprinklers Manual
0.0x0.0x0.0
Sidewalks, Landscaped. Paved Road.
Building Details
Year Built
1891
Construction
Victorian
Listing Agency:
Windermere Real Estate-Utah (Salt Lake Branch)
(801) 485-3151
Listed By:
Cody Chamberlain
(801) 230-5218
Source:
Xome
Added: Jan 13
Changed: Sep 1
Last Checked: Sep 8 at 4:44AM
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 Windermere Real Estate-Utah (Salt Lake Branch)
Investment Insights
Based on property information with market context.
This Victorian-style triplex offers three distinct living units on a single lot. The property includes a main home with 5 bedrooms and 5 baths, plus a top-floor unit featuring 1 bedroom and 1 bath with a patio. A charming tiny house is located at the rear of the lot, completing the three-unit configuration.
The public remarks describe the home as having previously operated as a bed and breakfast and being renovated and repurposed for nightly rentals if desired. The top-floor unit’s patio is noted for mountain and city views, adding to the property’s character.
Overall, it’s a three-unit residential income property with a main residence, an additional upper unit, and a rear tiny house, arranged to provide separate living spaces within one ownership in Salt Lake City, UT.
The public remarks describe the home as having previously operated as a bed and breakfast and being renovated and repurposed for nightly rentals if desired. The top-floor unit’s patio is noted for mountain and city views, adding to the property’s character.
Overall, it’s a three-unit residential income property with a main residence, an additional upper unit, and a rear tiny house, arranged to provide separate living spaces within one ownership in Salt Lake City, UT.
Key Highlights
- Triplex in Salt Lake City with three distinct units: a main home plus a rear tiny house and an additional 1 bed/1 bath unit
- Main home features 5 bedrooms and 5 baths
- 1 bed/1 bath unit on the top floor includes a spacious patio with mountain and city views
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
$57,464
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
4.60%
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%
$1,149,280
$1.1M
Cap Rate 7%
$820,914
$820.9K
Cap Rate 9%
$638,489
$638.5K
Market Conditions
NOI Build-Up for 4,309 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
$86.9K $20.16/SF
− Vacancy
−$4.8K −$1.11/SF
EGI
$82.1K $19.05/SF
− OpEx
−$24.6K −$5.72/SF
NOI
$57.5K $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 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%
$1,149,280
Cap Rate 7%
$820,914
Cap Rate 9%
$638,489
Alternative Uses
Best Use
Multifamily LT 5
$820.9K
$718.3K – $957.7K
NOI $57,464 @ 7.0% cap · market cap 4.60%
Second Best
Apartment 5plus
$762.6K
$667.3K – $889.7K
NOI $53,382 @ 7.0% cap · market cap 4.27%
Theoretical Best
Office A
$1.16M
$1.02M – $1.35M
NOI $81,263 @ 7.0% cap · market cap 6.51%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
1,471
Businesses Nearby
Explore this area
Business Placement
Demographics for 84105, UT
22,856
Population
10,953
Households
2.1
Avg Household Size
35
Median Age
66%
College-Educated
97%
High-School Grad
3.1 sq mi
ZIP Area
7,373
Density / Sq Mi
$94,145
Median Household Income
$52,785
Median Earnings
$1,482
Median Rent
$632,200
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Triplex property in Salt Lake City with three distinct units, including a main home plus a rear tiny house.
Where is this triplex located?
The property is located at 936 1700 Salt Lake City, UT.
What is the asking price?
The asking price for this property is $1,249,000.
What are key features of this property?
This property features: Triplex in Salt Lake City with three distinct units: a main home plus a rear tiny house and an additional 1 bed/1 bath unit; Main home features 5 bedrooms and 5 baths; 1 bed/1 bath unit on the top floor includes a spacious patio with mountain and city views
