Well-Maintained Quadplex in Multi-Family
341 E 950 S Springville, UT 84663
For Sale
$975,000
MULTI_FAMILY - Other - Springville, UT
Property Size3,584 SF
Lot Size0.19 Acres
Price / SF$272.04
Days on Market25
Property Features for 341 E 950 S
General Information
- Property type
- Residential Multi Family
- Property subtype
- Quadruplex
- Zoning
- Multi-Family
- Bedrooms
- 8
- Bathrooms
- 4
- Rooms
- Bedroom 3, Bedroom 8, Bathroom 3, Bedroom 7, Bedroom 2, Bedroom 1, Bathroom 1, Bathroom 2, Bathroom 4, Bedroom 6, Bedroom 5, Bedroom 4
- Parking
- 8
- Parking features
- Covered
- Window features
- Blinds
- Interior features
- Range/Oven: Free Stdng.
- Exterior features
- Double Pane Windows, Walkout
- Standard status
- Active
- APN
- 26-032-0018
- Size
- 3,584 SF
- Lot size
- 0.19 Acres
Taxes and HOA fees
- Tax Annual Amount
- 4747
Utilities
- Sewer type
- Public Sewer
- Heating system
- Natural Gas, Forced Air, Central
Building Details
- Year built
- 1977
- Number of units
- 4
- Flooring type
- Carpet, Laminate, Tile
- Building materials
- Brick
- Roof type
- Asphalt
- Architectural style
- Other
Listing Agency:
KW WESTFIELD
(801) 850-5600
Listed By:
Layne Thompson
(801) 717-0906
Added: Jun 29
Changed: Jul 17
Last Checked: Jul 23 at 10:06PM
MLS# 2170300
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.
Investment Insights
Based on property information with market context.
This for-sale quadplex provides a residential income setup with well-maintained apartments. The property consists of approximately 3,584 square feet and sits on a 0.19-acre lot, under multi-family zoning. The listing notes that information and documentation are provided as a courtesy, and the buyer should verify all details during due diligence.
Located at 341 E 950 S in Springville, Utah, the property is described as centrally located within the city. The offering includes the option for an owner-occupancy arrangement, with the remarks stating that FHA guidelines may allow for owner-occupied unit configurations.
For tenants, the asset’s apartment configuration supports a multi-unit living experience within a single quadplex structure. For owner-users and investors, the multi-family zoning and well-maintained condition may appeal to buyers seeking a residential property with an owner-occupancy possibility. As with any purchase, prospective buyers should confirm current operating details, occupancy status, and all supporting information through their own investigation.
Located at 341 E 950 S in Springville, Utah, the property is described as centrally located within the city. The offering includes the option for an owner-occupancy arrangement, with the remarks stating that FHA guidelines may allow for owner-occupied unit configurations.
For tenants, the asset’s apartment configuration supports a multi-unit living experience within a single quadplex structure. For owner-users and investors, the multi-family zoning and well-maintained condition may appeal to buyers seeking a residential property with an owner-occupancy possibility. As with any purchase, prospective buyers should confirm current operating details, occupancy status, and all supporting information through their own investigation.
Key Highlights
- Brick multi‑unit property built in 1977
- Central forced‑air heating with natural gas
- Double pane windows and walkout exterior feature
Financial Insights For Multifamily LT 5
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 | $49.5k | $13.80 |
| − Vacancy | −$2.2k | −$0.62 |
| EGI | $47.2k | $13.18 |
| − OpEx | −$14.2k | −$3.95 |
| NOI | $33.1k | $9.23 |
3,584 SF · lease $13.80/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$472.3K
$413.3K – $551.1K
NOI $33,063 @ 7.0% cap · market cap 3.39%
Second Best
Apartment 5plus
$434.3K
$380.0K – $506.7K
NOI $30,401 @ 7.0% cap · market cap 3.12%
Theoretical Best
Office A
$988.0K
$864.5K – $1.15M
NOI $69,157 @ 7.0% cap · market cap 7.09%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Quadplexes
FAQs
What type of property is this?
Quadplex - Well-maintained apartments in a multi-family-zoned quadplex offer a straightforward residential income setup in Springville.
Where is this quadplex located?
The property is located at 341 E 950 S Springville, UT.
What is the asking price?
The asking price for this property is $975,000.
What are key features of this property?
This property features: Brick multi‑unit property built in 1977; Central forced‑air heating with natural gas; Double pane windows and walkout exterior feature
