Modern Apartment
For Sale
$4,900,000
1125 W 250 S #3, American Fork, UT 84003
Newly constructed multifamily property with controlled access, private outdoor space, and an on-site management setup.
Property Size17,966 SF
Price / SF$272.74
Days on Market50
Property Features for 1125 W 250 S #3
General Information
Standard status
Active
Size
17,966 SF
Property subtype
Multi-Family
Site & Location
Highway Access
Yes
Public Transit
Yes
Units
Unit Mix
3 x 3BR/2BA, 9 x 2BR/2BA, 6 x 1BR/1BA
Multifamily Units
18
Amenities
patio or balcony
controlled access
Building Details
Year Built
2024
Buildings
1
Listing Agency:
Berkshire Hathaway Homeservices Elite Real Estate
Listed By:
Midway Utah Real Estate Team
(435) 640-7231
Source:
Midwayutahrealestate
Added: Sep 9
Changed: Oct 27
Last Checked: Oct 28 at 8:35AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Berkshire Hathaway Homeservices Elite Real Estate
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Investment Insights
Based on property information with market context.
Completed in 2024, this 17,966-square-foot apartment property contains 18 units with a varied residential mix: three three-bedroom, two-bath homes; nine two-bedroom, two-bath homes; and six one-bedroom, one-bath homes. Every unit includes either a patio or balcony. Interior features include open layouts, large windows, wood-style flooring, granite countertops, white cabinetry, upgraded hardware, and 9-foot ceilings. Controlled entry and an on-site management operation support the building’s day-to-day residential use, while a model unit is available for tours during business hours.
The property is in American Fork within walking distance of the American Fork TRAX station, with access to I-15 as well as nearby shopping, restaurants, and entertainment. It is part of The Yard, a development comprising twelve 18-plex buildings and 216 total units. Each building carries a separate tax identification and is owned by an individual entity, with an investor-oriented HOA serving the development.
The property is in American Fork within walking distance of the American Fork TRAX station, with access to I-15 as well as nearby shopping, restaurants, and entertainment. It is part of The Yard, a development comprising twelve 18-plex buildings and 216 total units. Each building carries a separate tax identification and is owned by an individual entity, with an investor-oriented HOA serving the development.
Key Highlights
- 18‑unit apartment building completed in 2024
- Unit mix includes 3 three‑bedroom, 2‑bath; 9 two‑bedroom, 2‑bath; and 6 one‑bedroom, 1‑bath units
- 17,966 square feet with a patio or balcony for every unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$152,393
Cap Rate
3.11%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,047,860
$3.0M
Cap Rate 7%
$2,177,043
$2.2M
Cap Rate 9%
$1,693,256
$1.7M
Market Conditions
NOI Build-Up for 17,966 SF
Gross rent
$291.0K $16.20/SF
− Vacancy
−$14.0K −$0.78/SF
EGI
$277.1K $15.42/SF
− OpEx
−$124.7K −$6.94/SF
NOI
$152.4K $8.48/SF
Area
Utah County, UT
Vacancy
4.80%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,047,860
Cap Rate 7%
$2,177,043
Cap Rate 9%
$1,693,256
Alternative Uses
Best Use
Apartment 5plus
$2.18M
$1.90M – $2.54M
NOI $152,393 @ 7.0% cap · market cap 3.11%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.95M
$4.33M – $5.78M
NOI $346,672 @ 7.0% cap · market cap 7.07%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
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Open Analytics
Lease Details
18
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
162
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - Newly constructed multifamily property with controlled access, private outdoor space, and an on-site management setup.
Where is this apartment building located?
The property is located at 1125 W 250 S #3 American Fork, UT.
What is the asking price?
The asking price for this property is $4,900,000.
What are key features of this property?
This property features: 18‑unit apartment building completed in 2024; Unit mix includes 3 three‑bedroom, 2‑bath; 9 two‑bedroom, 2‑bath; and 6 one‑bedroom, 1‑bath units; 17,966 square feet with a patio or balcony for every unit
