Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Heber City Duplex Investment Opportunity Title is generated by Realmo AI

    1187 S LAUREN Ln, Heber City, UT 84032

    View on Map
    Claim this Listing
    For Sale
    $1,600,000

    MULTI_FAMILY - Other - Heber City, UT

    Property size:
    5,278 SF
    Lot size:
    0.17 Acres
    Price / SF:
    $303/SF
    Added:
    Dec 23, 2024
    Days on Market:
    506
    Last Refresh:
    May 13 at 4:06 am

    Property Features for 1187 S LAUREN Ln

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Zoning
    Single-Family, Multi-Fami
    Bedrooms
    10
    Bathrooms
    8
    Rooms
    Bedroom 9, Bathroom 4, Bathroom 7, Bathroom 5, Bathroom 8, Bedroom 1, Bathroom 2, Bedroom 7, Bedroom 2, Bathroom 6, Bathroom 1, Bedroom 10, Bedroom 8, Bedroom 5, Basement, Bedroom 6, Bedroom 4, Bathroom 3, Den, Bedroom 3
    Parking
    2
    Interior features
    Basement Apartment, Bath: Primary, Bath: Sep. Tub/Shower, Closet: Walk-In, Den/Office, Disposal, Great Room, Mother-in-Law Apt., Range: Gas, Dishwasher: Built-In, Smart Thermostat(s)
    Exterior features
    Double Pane Windows, Entry (Foyer)
    Standard status
    Active
    APN
    00-0021-8493
    Size
    5,278 SF
    Lot size
    0.17 Acres

    Taxes and HOA fees

    Tax Annual Amount
    1

    Utilities

    Heating system
    Central, Natural Gas

    Building Details

    Year built
    2024
    Floors in Building
    2
    Number of units
    2
    Flooring type
    Carpet
    Building materials
    Brick, Clapboard
    Roof type
    Asphalt
    Architectural style
    Other
    Additional Structures
    Other

    We can help!

    Listing Contact
    Stacy Johansen

    Listing agent Stacy Johansen

    Listing office Real Estate Essentials 9980 S 300 W Ste 300, Midvale, UT

    Listing date Dec 23, 2024

    MLS# 2059161 Listing URL

    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.

    HighLights

    • New construction (2024) duplex with modern design and top‑tier finishes.
    • Excellent investment potential: Live in one unit and rent the other for income.
    • Each unit features 5 bedrooms and 3 bathrooms, totaling 10 bedrooms in the duplex.
    • Basement suite in each unit, suitable for a mother‑in‑law apartment or guest space.
    • No HOA, offering freedom and flexibility.
    • Breathtaking views of Mt. Timpanogos and surrounded by multi‑million‑dollar homes.

    Overview

    Located in Heber City, Utah, these duplexes offer a blend of luxury and investment potential. Constructed in 2024, each unit features 5 bedrooms and 3 bathrooms. The properties boast top-tier finishes, including quartz countertops and stainless steel appliances. Upgrades are present throughout, with a modern design, premium materials, and a thoughtful layout. Each unit includes an XL 2-car garage. The basement suite, complete with a bedroom, family room, and full bath, is suitable for a mother-in-law apartment or private guest space. The properties are not in an HOA, providing freedom and flexibility. The location offers views of Mt. Timpanogos. The lot size is 0.17 acres, and the property size is 5278 square feet. Unit A rents for $4,500 monthly. Rent is due to increase 10% depending on the report Heber city put in April 2025. Unit B is deed-restricted on Duplexes. The rental contract on file is $2,270 for both B Units. B Unites can fluctuate up to $3,081 for 8 people. These duplexes are located at 1210 S. 1200 W. Heber.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Map

    City
    Heber City
    County
    Wasatch
    State
    Utah
    Longitude
    -111.433525
    Latitude
    40.492919

    Nearby Similar for Sale

    • $1,200,000
      5,052 SF

      New Flex Building Unit

      Versatile mixed-use property in Heber City's growth area.
      1922 S Highway 40 4, Heber City, UT 84032
      View Details
    • $1,600,000
      5,278 SF

      Heber City Duplex Investment Opportunity

      Two new construction duplexes in Heber City with mountain views.
      1179 S LAUREN Ln, Heber City, UT 84032
      View Details
    • $710,000
      748 SF

      Luxury Condominium at The Mason

      New luxury condominiums near Deer Valley and Jordanelle Reservoir.
      1364 W STILLWATER DR 3101, Heber City, UT 84032
      View Details
    • $4,100,000
      15,960 SF

      Flex Industrial Investment Opportunity

      Multi-tenant flex industrial condo development for sale in Heber City.
      88 W Airport Rd, Heber City, UT
      View Details
    • $1,165,000
      1,348 SF

      Luxury Condominium Development in Park City

      New luxury condominiums near Deer Valley and Jordanelle Reservoir.
      1364 W 1364 W STILLWATER DR 3089, Heber City, UT 84032
      View Details
    • $1,030,000
      1,160 SF

      Luxury Condominium near Deer Valley

      Renovated condominium with mountain and lake access, rich amenities.
      1364 N STILLWATER DR R105, Heber City, UT 84032
      View Details

    FAQs

    What type of property is this?
    Duplex - Two new construction duplexes in Heber City with mountain views.
    Where is this duplex located?
    The property is located at 1187 S LAUREN Ln Heber City, UT.
    What is the asking price?
    The asking price for this property is $1,600,000.
    What are key features of this property?
    This property features: New construction (2024) duplex with modern design and top‑tier finishes.; Excellent investment potential: Live in one unit and rent the other for income.; Each unit features 5 bedrooms and 3 bathrooms, totaling 10 bedrooms in the duplex.
    (801) 971-1782
    We can help!
    Listing Contact
    Stacy Johansen
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Thank You for Inquiry
    1187 S LAUREN Ln, Heber City, UT 84032
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!