Updated Quadplex with Covered
New
For Sale
$960,000
341 W 100 N, American Fork, UT 84003
MULTI_FAMILY - Other - American Fork, UT
Property Size4,406 SF
Lot Size0.34 Acres
Price / SF$217.88
Days on Market4
Property Features for 341 W 100 N
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Zoning
Multi-Family
Zoning description
R3
Bedrooms
12
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 5, Bedroom 7, Bedroom 6, Bedroom 12, Bedroom 11, Bedroom 3, Bathroom 4, Bedroom 1, Bathroom 1, Bathroom 3, Bedroom 9, Bedroom 10, Bathroom 2, Bedroom 8, Bedroom 2, Bedroom 4
Parking
12
Parking features
Covered
Window features
Blinds
Interior features
Disposal, Dishwasher: Built-In
Exterior features
Double Pane Windows
Lot features
Corner Lot, Cul-De-Sac, Fenced: Part, Road: Paved, Sidewalks, Sprinkler: Auto- Full
Elementary school
Forbes
Middle school
American Fork
High school
American Fork
Elementary school district
Alpine
Middle school district
Alpine
High school district
Alpine
Subdivision
Am Fork; Hlnd; Lehi; Saratog.
Standard status
Active
APN
55-148-0001
Size
4,406 SF
Lot size
0.34 Acres
Taxes and HOA fees
Tax Annual Amount
4606
Utilities
Sewer type
Public Sewer
Heating system
Forced Air, Natural Gas, Central, Hot Water(Heating)
Building Details
Year built
1984
Floors in Building
2
Number of units
4
Flooring type
Tile, Carpet
Building materials
Aluminum
Roof type
Asphalt
Architectural style
Other
Listing Agency:
R and R Realty LLC
(801) 492-7791
Listed By:
Samuel Olsen
(801) 492-7791
Added: Aug 5
Changed: Aug 7
Last Checked: Aug 8 at 12:06AM
MLS# 2176939
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Investment Insights
Based on property information with market context.
This 1984 quadplex contains four residential units totaling 4,406 square feet on a 0.34-acre parcel. Each unit is configured with three bedrooms, one full bathroom, approximately 1,100 square feet, washer and dryer hookups, and one covered plus one uncovered parking space. Interior improvements include updated HVAC systems, windows, tile flooring, and carpeting, while the asphalt roof was replaced within the past 10 years. Built-in dishwashers, disposals, double-pane windows, forced-air natural gas heating, and public sewer service are also provided.
The property is located at 341 W 100 N in American Fork, in a cul-de-sac near State Street and I-15. Gas and power are separately metered for each unit and paid by the tenants. Occupancy has remained near 100% for more than 15 years. Three units are occupied, and the remaining unit is represented in the listing photographs; the other units are described as being in similar condition.
The property is located at 341 W 100 N in American Fork, in a cul-de-sac near State Street and I-15. Gas and power are separately metered for each unit and paid by the tenants. Occupancy has remained near 100% for more than 15 years. Three units are occupied, and the remaining unit is represented in the listing photographs; the other units are described as being in similar condition.
Key Highlights
- Four‑unit property with 12 BED/4 BATH configuration
- 4,406 square feet on 0.34 acres
- Each unit offers approximately 1,100 square feet with 3 bedrooms and 1 full bathroom
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
$40,647
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
4.23%
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%
$812,940
$812.9K
Cap Rate 7%
$580,671
$580.7K
Cap Rate 9%
$451,633
$451.6K
Market Conditions
NOI Build-Up for 4,406 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
$60.8K $13.80/SF
− Vacancy
−$2.7K −$0.62/SF
EGI
$58.1K $13.18/SF
− OpEx
−$17.4K −$3.95/SF
NOI
$40.6K $9.23/SF
Area
Utah County, UT
Vacancy
4.50%
Lease Rate
$13.80 /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%
$812,940
Cap Rate 7%
$580,671
Cap Rate 9%
$451,633
Alternative Uses
Best Use
Multifamily LT 5
$580.7K
$508.1K – $677.5K
NOI $40,647 @ 7.0% cap · market cap 4.23%
Second Best
Apartment 5plus
$533.9K
$467.2K – $622.9K
NOI $37,373 @ 7.0% cap · market cap 3.89%
Theoretical Best
Office A
$1.21M
$1.06M – $1.42M
NOI $85,018 @ 7.0% cap · market cap 8.86%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
199
Businesses Nearby
Explore this area
Business Placement
Demographics for 84003, UT
52,970
Population
16,441
Households
3.2
Avg Household Size
29
Median Age
50%
College-Educated
96%
High-School Grad
73.6 sq mi
ZIP Area
720
Density / Sq Mi
$120,262
Median Household Income
$41,591
Median Earnings
$1,692
Median Rent
$580,600
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?
Quadplex - Four residential units offer three-bedroom layouts, private laundry hookups, separate utility metering, and covered parking.
Where is this quadplex located?
The property is located at 341 W 100 N American Fork, UT.
What is the asking price?
The asking price for this property is $960,000.
What are key features of this property?
This property features: Four‑unit property with 12 BED/4 BATH configuration; 4,406 square feet on 0.34 acres; Each unit offers approximately 1,100 square feet with 3 bedrooms and 1 full bathroom
