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    745 S Harrison Dr W, Unit 37 Springville, UT 84663

    For Sale
    $2,325,000

    MULTI_FAMILY - Other - Springville, UT

    Property size:
    8,625 SF
    Lot size:
    0.15 Acres
    Days on Market:
    87
    Last Refresh:
    Dec 5 at 12:06 am

    Property Features for 745 S Harrison Dr W

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Property condition
    Under Construction
    Standard status
    Active
    Zoning
    Single-Family
    Rooms
    Bathroom 8, Bedroom 10, Bedroom 5, Bedroom 15, Bathroom 4, Bathroom 10, Bedroom 9, Bedroom 7, Bathroom 12, Bedroom 20, Bedroom 4, Bathroom 9, Bedroom 6, Bathroom 5, Bathroom 15, Bedroom 12, Bedroom 18, Bedroom 8, Bedroom 16, Bedroom 11, Bathroom 1, Bathroom 3, Bathroom 14, Bedroom 13, Bedroom 1, Bedroom 14, Bedroom 3, Bathroom 7, Bathroom 13, Bathroom 11, Bathroom 6, Bathroom 2, Bedroom 2, Bedroom 19, Bedroom 17
    Bedrooms
    20
    Bathrooms
    15
    APN
    55-991-0037
    Parking
    10
    Patio and Porch features
    Patio
    Interior features
    Bath: Primary, Closet: Walk-In, Disposal, Kitchen: Updated, Range/Oven: Free Stdng., Dishwasher: Built-In
    Exterior features
    Balcony, Patio: Covered, Sliding Glass Doors
    Size
    8,625 SF
    Lot size
    0.15 Acres

    Utilities

    Heating system
    Central, Natural Gas

    Building Details

    Year built
    2025
    Number of units
    5
    Building materials
    Stone, Stucco
    Roof type
    Asphalt
    Architectural style
    Other

    Equity Real Estate-Premier Elite Branch (801) 326-0362 [email protected]

    Listing agent Luke Kennard (801) 651-3071

    Listing date Sep 10, 2025

    MLS# 2109234 Listing URL

    Copyright © 2025 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.

    Overview

    Springville Multifamily Investment Opportunity

    This is a new 5-unit townhome building in Springville, Utah, designed for investors seeking stability and appreciation. Each unit features 4 bedrooms, 2.5 bathrooms, modern finishes, private balconies, 2-car garages, and functional layouts. The property is located 3 minutes from I-15, 1 minute from schools and parks, and 5 minutes from Walmart and Smith's Marketplace, with easy access to Provo and Orem employment hubs. The property is suitable for a 1031 exchange. The monthly rent per unit is $2,318, resulting in a gross scheduled income of $139,080 per year and a net operating income (NOI) of $97,438 per year. The cap rate is 4.23%, based on a bulk price of $2,325,000. Property taxes are $15,640 per year, insurance is $3,750 per year, management is 8% ($11,126 per year), maintenance is 3% ($4,172 per year), and vacancy is 5% ($6,954 per year). The bulk discount pricing is $465,000 per unit, below retail comps, with one unit already appraised at $480,000. The property offers minimal maintenance in early years, maximizing NOI. The tenant-friendly design includes large bedrooms, full laundry rooms, and walk-in pantries. The lot size is 0.15 acres, and the property size is 8,625 square feet. Square footage figures are provided as a courtesy estimate only and were obtained from construction plans. Buyer is advised to obtain an independent measurement.
    Property Profile Location Intelligence

    Current Use by Public Records

    1031 exchange properties

    Map

    City
    Springville
    County
    Utah
    State
    Utah
    Longitude
    -111.625753
    Latitude
    40.156242

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    FAQs

    What type of property is this?
    Apartment building - New 5-unit townhome building in Springville, Utah.
    Where is this apartment building located?
    The property is located at 745 S Harrison Dr W, Unit 37 Springville, UT.
    What is the asking price?
    The asking price for this property is $2,325,000.
    What are key features of this property?
    This property features: - High Net Operating Income (NOI): $97,438/year provides strong cash flow.; - Below Retail Comps Pricing: $465,000 per unit offers immediate equity potential.; - Turnkey New Construction: Minimal maintenance and immediate rental income.
    (801) 651-3071
    Request Owner's contact information
    745 S Harrison Dr W, Unit 37 Springville, UT 84663
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    Realmo Value Estimation

    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.

    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.

    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
    745 S Harrison Dr W, Unit 37 Springville, UT 84663
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