Side-by-Side
New
For Sale
$619,000
115 S 900 E, Springville, UT 84663
R2 zoning permits twin homes, with any future lot split subject to city approval.
Property Size2,420 SF
Lot Size0.31 Acres
Price / SF$255.79
Days on Market5
Property Features for 115 S 900 E
General Information
Standard status
Active
Size
2,420 SF
Lot size
0.31 Acres
Property subtype
Multi-Family
Zoning
R2
Units
Unit Mix
2 x 3BR/1BA
Multifamily Units
2
Additional Details
Average Monthly Rent
$1,000
Tenant in Place
Yes
Building Details
Year Built
1994
Listing Agency:
Green Valley Brokers
Listed By:
The One Group Utah
(385) 350-2888
Source:
Theonegrouputah
Added: Oct 24
Changed: Oct 27
Last Checked: Oct 26 at 3:24PM
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 Green Valley Brokers
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Investment Insights
Based on property information with market context.
Built in 1994, this side-by-side duplex contains two 3-bedroom, 1-bathroom units totaling 2,420 square feet. Each residence has its own 1-car garage, driveway, and yard, with a fire-rated wall separating the units. Both tenancies are month-to-month.
The property occupies a 0.31-acre lot and is zoned R2, which permits twin homes. A future division into separately sold sides would require city approval.
The property occupies a 0.31-acre lot and is zoned R2, which permits twin homes. A future division into separately sold sides would require city approval.
Key Highlights
- Two 3‑bedroom, 1‑bathroom units; approximately 1,210 sq. ft. each
- 2,420 sq. ft. total building area on a 0.31‑acre lot
- Each unit has a 1‑car garage, driveway, and yard
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,325
Cap Rate
3.61%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$446,500
$446.5K
Cap Rate 7%
$318,929
$318.9K
Cap Rate 9%
$248,056
$248.1K
Market Conditions
NOI Build-Up for 2,420 SF
Gross rent
$33.4K $13.80/SF
− Vacancy
−$1.5K −$0.62/SF
EGI
$31.9K $13.18/SF
− OpEx
−$9.6K −$3.95/SF
NOI
$22.3K $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 Rate 5%
$446,500
Cap Rate 7%
$318,929
Cap Rate 9%
$248,056
Alternative Uses
Best Use
Multifamily LT 5
$318.9K
$279.1K – $372.1K
NOI $22,325 @ 7.0% cap · market cap 3.61%
Second Best
Apartment 5plus
$293.2K
$256.6K – $342.1K
NOI $20,527 @ 7.0% cap · market cap 3.32%
Theoretical Best
Office A
$667.1K
$583.7K – $778.3K
NOI $46,696 @ 7.0% cap · market cap 7.54%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
360
Businesses Nearby
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Business Placement
Demographics for 84663, UT
35,647
Population
11,025
Households
3.2
Avg Household Size
29
Median Age
39%
College-Educated
95%
High-School Grad
109.7 sq mi
ZIP Area
325
Density / Sq Mi
$88,919
Median Household Income
$39,439
Median Earnings
$1,475
Median Rent
$430,600
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - R2 zoning permits twin homes, with any future lot split subject to city approval.
Where is this duplex located?
The property is located at 115 S 900 E Springville, UT.
What is the asking price?
The asking price for this property is $619,000.
What are key features of this property?
This property features: Two 3‑bedroom, 1‑bathroom units; approximately 1,210 sq. ft. each; 2,420 sq. ft. total building area on a 0.31‑acre lot; Each unit has a 1‑car garage, driveway, and yard
