Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    741 S Harrison Dr Springville, UT 84663

    View on Map
    Sponsored
    For Sale
    $1,870,000

    MULTI_FAMILY - Other - Springville, UT

    Property size:
    6,884 SF
    Lot size:
    0.12 Acres
    Days on Market:
    1
    Last Refresh:
    Mar 27 at 8:06 pm

    Property Features for 741 S Harrison Dr

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Property condition
    Under Construction
    Standard status
    Active
    Zoning
    Multi-Family
    Rooms
    Bedroom 11, Bedroom 10, Bedroom 3, Bedroom 2, Bedroom 1, Bathroom 3, Bedroom 13, Bedroom 8, Bedroom 7, Bathroom 2, Bedroom 14, Bathroom 8, Bathroom 1, Bathroom 9, Bathroom 6, Bedroom 9, Bathroom 5, Bathroom 10, Bedroom 12, Bedroom 6, Bathroom 12, Bedroom 16, Bathroom 7, Bedroom 15, Bathroom 4, Bedroom 5, Bathroom 11, Bedroom 4
    Bedrooms
    16
    Bathrooms
    12
    APN
    55-991-0034
    Parking
    8
    Interior features
    Bath: Primary, Dishwasher: Built-In
    Exterior features
    Double Pane Windows
    Size
    6,884 SF
    Lot size
    0.12 Acres

    Utilities

    Heating system
    Forced Air

    Building Details

    Year built
    2026
    Floors in Building
    2
    Number of units
    4
    Flooring type
    Carpet
    Building materials
    Stone, Stucco
    Roof type
    Asphalt
    Architectural style
    Other

    We can help!

    Listing Contact
    Luke Kennard

    Keller Williams Westfield Real Estate

    Listing agent Luke Kennard

    Listing date Mar 27, 2026

    MLS# 2146252

    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.

    Learn more

    Property Insight Report

    Overview

    New Townhomes Portfolio: Investor Opportunity

    This is an investor opportunity to acquire a portfolio of four brand-new townhomes. Built in 2026, each unit features four bedrooms and three bathrooms. The units offer approximately 1,761 square feet of living space and include a two-car garage. The townhomes have an open-concept layout, a walk-in pantry, a dedicated laundry room, a private balcony, and upgraded finishes. These low-maintenance townhomes are located in the West Field Central community. Identical units in the community are currently renting for $2,350 per month. The property is located one minute from Nebo School District schools, two minutes from Smith's Marketplace, and three minutes from I-15, providing easy access to Provo, Orem, and Silicon Slopes jobs. This turn-key package offers cash-on-cash returns, built-in appreciation, and portfolio diversification. The property is an ideal 1031 exchange opportunity to defer capital gains while stepping into stable Utah County rental income and long-term equity growth. The lot size is 0.12 acres, and the total property size is 6,884 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Quadplexes

    Map

    City
    Springville
    County
    Utah
    State
    Utah
    Longitude
    -111.625745
    Latitude
    40.156407

    Nearby Similar for Sale

    • $720,000
      0.12 Acres

      Versatile Commercial Space on Main

      Prime Main Street location with excellent visibility and foot traffic.
      236 S Main St, Springville, UT 84663
      View Details
    • $1,822,500
      8,100 SF

      Springville Warehouse Units For Sale

      Three warehouse units available, each 8,100 SF, Springville, Utah.
      141-145 W 900 N, Springville, UT 84664
      View Details
    • Contact for pricing
      11,058 SF

      Industrial Facility with Flexible Suites

      Rare industrial facility featuring flexible suites on a 0.88-acre lot.
      180 W 900 N, Springville, UT 84663
      View Details
    • $3,150,000
      12,086 SF

      Retail Property in Springville, UT

      Retail property available for sale in Springville, Utah.
      1190 N Main St, Springville, UT 84663
      View Details
    • Contact for pricing
      11,058 SF

      Industrial Warehouse with Fenced Yard

      Industrial warehouse featuring a private, fenced yard and recent upgrades.
      180 W 900 N, Springville, UT 84664
      View Details
    • Contact for pricing

      Warehouse Unit For Sale

      Warehouse unit featuring 18' clear height and easy access.
      143 W 900 N, Springville, UT 84663
      View Details
    • Contact for pricing

      Three Industrial Condos For Sale

      Three 8,100 SF industrial condos available for purchase.
      135-139 West 900 North, Springville, UT 84663
      View Details
    • $1,870,000
      6,884 SF

      New Springville Fourplex Investment Opportunity

      Newly built fourplex in desirable Springville location with modern townhomes.
      743 Harrison Dr, Springville, UT 84663
      View Details
    • Contact for pricing
      5,171 SF

      Remodeled Flex Space with Access

      Remodeled flex space with easy access and ample parking.
      1195 Spring Creek Pl, Springville, UT 84663
      View Details
    • $5,564,700
      2.32 Acres

      Springville Industrial Trio

      Three Warehouses, 2.32 Acres
      143 900, Springville, UT 84663
      View Details
    • Contact for pricing
      5,141 SF

      Springville Retail Property For Sale

      Retail property built in 2008, located in Springville, Utah.
      665 E 400 S, Springville, UT 84663
      View Details
    • Contact for pricing
      24,300 SF

      Industrial Condos For Sale

      Three industrial condos totaling 24,300 SF, great owner/user opportunity.
      125-139 W 900 N, Springville, UT 84664
      View Details

    FAQs

    What type of property is this?
    Quadplex - Four new townhomes for sale in Springville, Utah.
    Where is this quadplex located?
    The property is located at 741 S Harrison Dr Springville, UT.
    What is the asking price?
    The asking price for this property is $1,870,000.
    What are key features of this property?
    This property features: - Portfolio of four brand-new (built in 2026) 4-bed, 3-bath townhomes offering a prime investment opportunity.; - Proven rental performance with identical units renting for $2,350/month, providing excellent cash flow in a high-demand area.; - Unbeatable location: close to schools, shopping (Smith's Marketplace), and I-15 for easy access to major employment centers.
    (801) 651-3071
    Request Owner's contact information
    741 S Harrison Dr Springville, UT 84663
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    741 S Harrison Dr
    Springville, UT 84663
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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.

    More about this property
    741 S Harrison Dr Springville, UT 84663
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Luke Kennard
    Learn More
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!