18-Unit Modern Apartment
For Sale
$4,750,000
1126 W 250 S, American Fork, UT 84003
Modern construction combines contemporary finishes, efficient layouts, and professional management for a stabilized multifamily property.
Property Size17,965 SF
Price / SF$264.40
Days on Market87
Property Features for 1126 W 250 S
General Information
Standard status
Active
Size
17,965 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
18
Building Details
Year Built
2024
Listing Agency:
Real Broker, LLC
Listed By:
Parley J Wersland
(801) 540-8131
Source:
Buysalty
Added: Jul 21
Changed: Oct 4
Last Checked: Oct 13 at 1:26AM
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 Real Broker, LLC
Investment Insights
Based on property information with market context.
Completed in 2024, this 18-unit apartment building contains 17,965 square feet and is presented as a stabilized multifamily asset. The property features contemporary finishes, efficient unit layouts, and professional management, with no deferred maintenance reported and minimal capital expenditure requirements described. High occupancy and established in-place rents further define the current operating profile.
The property is located at 1126 W 250 S in American Fork, Utah, within Utah County. The surrounding context provides access to major employment centers, retail, and transportation corridors. Its newer construction and professionally managed configuration offer a straightforward operating platform for multifamily ownership.
The property is located at 1126 W 250 S in American Fork, Utah, within Utah County. The surrounding context provides access to major employment centers, retail, and transportation corridors. Its newer construction and professionally managed configuration offer a straightforward operating platform for multifamily ownership.
Key Highlights
- 18‑unit apartment building totaling 17,965 square feet
- Constructed in 2024
- Contemporary finishes and efficient unit layouts
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$152,385
Cap Rate
3.21%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,047,700
$3.0M
Cap Rate 7%
$2,176,929
$2.2M
Cap Rate 9%
$1,693,167
$1.7M
Market Conditions
NOI Build-Up for 17,965 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%
$3,047,700
Cap Rate 7%
$2,176,929
Cap Rate 9%
$1,693,167
Alternative Uses
Best Use
Apartment 5plus
$2.18M
$1.90M – $2.54M
NOI $152,385 @ 7.0% cap · market cap 3.21%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.95M
$4.33M – $5.78M
NOI $346,653 @ 7.0% cap · market cap 7.30%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Lease Details
18
Residential units
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
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Frequently Asked Questions
What type of property is this?
Apartment building - Modern construction combines contemporary finishes, efficient layouts, and professional management for a stabilized multifamily property.
Where is this apartment building located?
The property is located at 1126 W 250 S American Fork, UT.
What is the asking price?
The asking price for this property is $4,750,000.
What are key features of this property?
This property features: 18‑unit apartment building totaling 17,965 square feet; Constructed in 2024; Contemporary finishes and efficient unit layouts
