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3738 S 700 E, Salt Lake City, UT 84106
$898,000
Reduced from $915,000 · 1 day ago
3738 S 700 E, Salt Lake City, UT 84106
Units
2
Price/Unit
$449,000
Price/Sqft
$192
Est Gross Yield
6.8%
$61,248/yr est.
Property Details
Unit Mix
| Type | Count | Beds | Baths | Sqft | Rent/Mo |
|---|---|---|---|---|---|
| 3BR / 2BA | 1 | 3 | 2 | 2,663 | $2,370/mo |
| 3BR / 2BA | 1 | 3 | 2 | 2,026 | $2,370/mo |
| Total | 2 | 6 | 4 | 4,689 | $4,740/mo |
Unit mix data is reported by the seller or listing agent through the MLS and may be inaccurate or incomplete. Buyers should independently verify all information and conduct their own due diligence before making any investment decisions.
Description
Nearly 4,700 sq ft Duplex - Existing Income - Exceptional Parking - Large duplex situated in one of South Salt Lake's most desirable growth corridors, 5 min from St. Marks Hospital. Whether you're seeking a long-term rental investment, owner-occupied property with future upside, or a potential redevelopment opportunity (subject to City approval), this property offers exceptional flexibility. Extensive off-street parking (including attached garages), and strategic location create opportunities that are increasingly difficult to find. Unit A (upstairs) has a rare vacancy making it easy to show. Unit B (downstairs) will be shown with an accepted offer. Unit B is currently leased for $2,295 per month + $75 flat rate utilities (water, sewer, garbage) through August 31st, 2026. Tenants set up and pay for electricity and gas in their own names. Tons of extra storage space in the deep, tandem 2-car garage accessed from the laundry room. Unit A was most recently rented for the same amount and is move-in ready with all new carpets, flooring, paint, window coverings, and dishwasher. Large driveway with plenty of additional off-street parking. Driveway repaved and new roof and rain gutters installed in 2021. Square footage and setback measurements taken from county assessor's website and provided as a courtesy. Buyer to verify all. ***Sale of this home is part of a 1031 Exchange.***
Listed by Erez Meir · Prime Real Estate Experts
Location
3738 S 700 E, Salt Lake City, UT 84106
Proforma
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Cap Rate
4.54%
Cash-on-Cash
-0.38%
Cash Flow
-$105/mo
Quick estimates only. Switch to Detailed for full line-item control.
Pro forma estimates are based on assumptions, not guaranteed, and should not be relied upon.
DISCLAIMER: The information provided on this website, including property details, pricing, projections, and availability, is for informational purposes only and may change without notice. While Canovo Group, LLC strives to maintain accurate and up-to-date information, we do not guarantee its completeness or accuracy. Users should independently verify all information and property details, including availability and any leasing conditions, with the listing agent or property owner before making any decisions. Canovo Group, LLC is not responsible for any errors, omissions, or third-party content and makes no representations or warranties regarding the properties listed. Neither Canovo Group, LLC nor its affiliates are acting as your real estate agent or broker, nor do we represent or endorse any properties or parties unless expressly stated in a separate written agreement. This website is not an offer or solicitation to buy, sell, or lease any property. All transactions are the sole responsibility of the parties involved.
© 2026 UtahRealEstate.com. All rights reserved. Based on information from the Wasatch Front Regional Multiple Listing Service, Inc. as of 7/23/2026, 6:24:59 AM. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or the MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Listing data provided by UtahRealEstate.com.