1024 W 700 S, Pleasant Grove, UT 84062
MULTI_FAMILY - Other - Pleasant Grove, UT
- Added:
- Dec 8, 2025
- Days on Market:
- 201
- Last Refresh:
- Jun 27 at 4:06 pm
Property Features for 1024 W 700 S
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- Single-Family, Multi-Fami
- Bedrooms
- 3
- Bathrooms
- 3
- Rooms
- Bedroom 2, Bathroom 2, Bedroom 3, Bathroom 3, Bedroom 1, Bathroom 1
- Parking
- 2
- Interior features
- Bath: Primary, Closet: Walk-In, Disposal, Range/Oven: Free Stdng., Dishwasher: Built-In
- Exterior features
- Double Pane Windows
- Standard status
- Active
- APN
- 66-374-0012
- Size
- 2,416 SF
- Lot size
- 0.02 Acres
Taxes and HOA fees
- Tax Annual Amount
- 2889
Utilities
- Utilities
- Electricity Available
- Heating system
- Central, Natural Gas, Forced Air
Building Details
- Year built
- 2013
- Floors in Building
- 2
- Number of units
- 2
- Flooring type
- Tile, Hardwood, Carpet
- Building materials
- Stone, Stucco, Clapboard
- Roof type
- Rubber
- Architectural style
- Other
Listing agent Brett Henry License #5880814 (801) 623-2518
Listing office Simple Choice Real Estate 536 N Ritter, Orem, UT (800) 476-1572
Listing date Dec 8, 2025
Copyright © 2026 UtahRealEstate.com. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Duplex with combined commercial retail space and a 3‑bed, 2.5‑bath townhome above
- Main‑floor commercial retail space rents for $1,100/month
- Townhome rents for $2,200/month and includes a 2‑car garage
- Year built 2013 with central natural gas forced‑air heating
- Exterior features double‑pane windows; flooring includes tile, hardwood, and carpet
- Seller‑financing terms mentioned: $500K down
Overview
Set in Pleasant Grove, the duplex is described as being just off the freeway, offering an accessible location for retail operations and everyday residential use. The seller notes the existing retail space is currently rented, with the townhome above also rented.
The building can fit a range of ownership goals, including working from a retail or office space while living above, or operating the two units as separate rental streams. For buyers evaluating a mixed live/work setup, the on-site garage and the clear separation between the commercial and residential levels can support day-to-day convenience. The seller also indicates willingness to consider seller financing with $500,000 down. Buyers should review the provided video for additional details on the layout and finish presentation.
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $60.3k | $24.96 |
| − Vacancy | −$2.5k | −$1.05 |
| EGI | $57.8k | $23.91 |
| − OpEx | −$17.3k | −$7.17 |
| NOI | $40.4k | $16.74 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Pleasant Grove
- County
- Utah
- State
- Utah
- Longitude
- -111.755253
- Latitude
- 40.355434
