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    New Duplexes in Heber City Title is generated by Realmo AI

    1187 S LAUREN Ln unit 8, Heber City, UT 84032

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    For Sale
    $1,399,900

    MULTI_FAMILY - Other - Heber City, UT

    Property size:
    5,278 SF
    Lot size:
    0.17 Acres
    Price / SF:
    $265/SF
    Added:
    Dec 23, 2024
    Days on Market:
    503
    Last Refresh:
    May 10 at 10:06 pm

    Property Features for 1187 S LAUREN Ln unit 8

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Zoning
    Single-Family, Multi-Fami
    Bedrooms
    10
    Bathrooms
    8
    Rooms
    Bedroom 6, Basement, Bedroom 1, Bedroom 2, Bathroom 3, Bedroom 7, Bedroom 9, Den, Bathroom 8, Bathroom 1, Bathroom 4, Bedroom 5, Bathroom 5, Bedroom 4, Bedroom 8, Bedroom 10, Bathroom 7, Bedroom 3, Bathroom 6, Bathroom 2
    Parking
    2
    Interior features
    Basement Apartment, Bath: Primary, Bath: Sep. Tub/Shower, Closet: Walk-In, Den/Office, Disposal, Great Room, Mother-in-Law Apt., Range: Gas, Dishwasher: Built-In, Smart Thermostat(s)
    Exterior features
    Double Pane Windows, Entry (Foyer)
    Standard status
    Active
    APN
    00-0021-8493
    Size
    5,278 SF
    Lot size
    0.17 Acres

    Taxes and HOA fees

    Tax Annual Amount
    1

    Utilities

    Heating system
    Natural Gas, Central

    Building Details

    Year built
    2024
    Floors in Building
    2
    Number of units
    2
    Flooring type
    Carpet
    Building materials
    Brick, Clapboard
    Roof type
    Asphalt
    Architectural style
    Other
    Additional Structures
    Other

    We can help!

    Listing Contact
    Stacy Johansen

    Listing agent Stacy Johansen

    Listing office Real Estate Essentials 9980 S 300 W Ste 300, Midvale, UT

    Listing date Dec 23, 2024

    MLS# 2059161 Listing URL

    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

    • New Construction (2024) Duplex: Modern units with 5 bedrooms & 3 bathrooms each (10 total bedrooms), offering both luxury living and investment potential.
    • Basement Suite: Each unit includes a basement suite with a bedroom, family room, and full bath, ideal for a mother‑in‑law apartment or guest space.
    • No HOA: Enjoy freedom and flexibility.
    • Rental Income Potential: Live in one unit and rent out the other for extra income. Unit A rents for $4,500 monthly.
    • Premium Finishes: Features quartz countertops, stainless steel appliances, and modern design with premium materials.
    • Desirable Location: Situated in a rapidly growing area of Heber, Utah, surrounded by multi‑million‑dollar homes with breathtaking views of Mt. Timpanogos.

    Overview

    Located in Heber City, Utah, these duplexes offer a blend of luxury and investment potential. Constructed in 2024, each unit features 5 bedrooms and 3 bathrooms. The units include quartz countertops, stainless steel appliances, and modern design elements. Each unit also has an XL 2-car garage. A basement suite, complete with a bedroom, family room, and full bath, provides space for guests or potential rental income. The property is not part of an HOA, offering flexibility. The lot size is 0.17 acres, and the property size is 5278 square feet. The location offers views of Mt. Timpanogos and is surrounded by multi-million-dollar homes. One unit rents for $4,500 monthly, with a potential 10% increase depending on an April 2025 report from Heber City. Another unit's rental contract is $2,270, which can fluctuate up to $3,081 for 8 people. These duplexes are located in a rapidly growing city and offer potential for rental income.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Map

    City
    Heber City
    County
    Wasatch
    State
    Utah
    Longitude
    -111.433525
    Latitude
    40.492919

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    FAQs

    What type of property is this?
    Duplex - Two new duplexes with modern finishes and mountain views.
    Where is this duplex located?
    The property is located at 1187 S LAUREN Ln unit 8 Heber City, UT.
    What is the asking price?
    The asking price for this property is $1,399,900.
    What are key features of this property?
    This property features: New Construction (2024) Duplex: Modern units with 5 bedrooms & 3 bathrooms each (10 total bedrooms), offering both luxury living and investment potential.; Basement Suite: Each unit includes a basement suite with a bedroom, family room, and full bath, ideal for a mother‑in‑law apartment or guest space.; No HOA: Enjoy freedom and flexibility.
    (801) 971-1782
    We can help!
    Listing Contact
    Stacy Johansen
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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    1187 S LAUREN Ln unit: 8, Heber City, UT 84032
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