Duplex with Covered
For Sale
$549,900
608 Swenson Ave, Springville, UT 84663
Both units feature dedicated laundry, open kitchens, and fenced backyard space.
Property Size2,448 SF
Price / SF$224.63
Days on Market42
Property Features for 608 Swenson Ave
General Information
Standard status
Active
Size
2,448 SF
Property subtype
Multi-Family
Units
Unit Mix
2 x 3BR/1BA
Multifamily Units
2
Amenities
Fenced BackYard
Building Details
Year Built
1975
Buildings
1
Listing Agency:
Ulrich REALTORS, Inc.
Listed By:
David Jenson
(801) 478-4500
Source:
Thehonorgrouputah
Added: Aug 26
Changed: Sep 25
Last Checked: Oct 5 at 10:58PM
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 Ulrich REALTORS, Inc.
Investment Insights
Based on property information with market context.
This two-unit duplex contains 2,448 square feet and was built in 1975. Each residence offers three bedrooms, one full bathroom, dedicated laundry, and an open kitchen. Covered parking is positioned alongside each unit, and the property includes a fenced backyard.
The upper unit is available for move-in and showings. The lower unit is occupied and unavailable for showings. Located in Springville near parks, shopping, and main road access, the property provides separate residential layouts within a single income-producing asset.
The upper unit is available for move-in and showings. The lower unit is occupied and unavailable for showings. Located in Springville near parks, shopping, and main road access, the property provides separate residential layouts within a single income-producing asset.
Key Highlights
- 2,448‑square‑foot duplex built in 1975
- Two units, each with 3 bedrooms and 1 full bathroom
- Dedicated laundry and open kitchens in both units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,584
Cap Rate
4.11%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$451,680
$451.7K
Cap Rate 7%
$322,629
$322.6K
Cap Rate 9%
$250,933
$250.9K
Market Conditions
NOI Build-Up for 2,448 SF
Gross rent
$33.8K $13.80/SF
− Vacancy
−$1.5K −$0.62/SF
EGI
$32.3K $13.18/SF
− OpEx
−$9.7K −$3.95/SF
NOI
$22.6K $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%
$451,680
Cap Rate 7%
$322,629
Cap Rate 9%
$250,933
Alternative Uses
Best Use
Multifamily LT 5
$322.6K
$282.3K – $376.4K
NOI $22,584 @ 7.0% cap · market cap 4.11%
Second Best
Apartment 5plus
$296.6K
$259.6K – $346.1K
NOI $20,765 @ 7.0% cap · market cap 3.78%
Theoretical Best
Office A
$674.8K
$590.5K – $787.3K
NOI $47,237 @ 7.0% cap · market cap 8.59%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
481
Businesses Nearby
Explore this area
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
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Frequently Asked Questions
What type of property is this?
Duplex - Both units feature dedicated laundry, open kitchens, and fenced backyard space.
Where is this duplex located?
The property is located at 608 Swenson Ave Springville, UT.
What is the asking price?
The asking price for this property is $549,900.
What are key features of this property?
This property features: 2,448‑square‑foot duplex built in 1975; Two units, each with 3 bedrooms and 1 full bathroom; Dedicated laundry and open kitchens in both units
