Remodeled
For Sale
$1,150,000
1775 N Railroad St W, Lehi, UT 84043
Four residential units include a mix of updated interiors and original finishes.
Property Size4,006 SF
Price / SF$287.07
Days on Market48
Property Features for 1775 N Railroad St W
General Information
Standard status
Active
Size
4,006 SF
Property subtype
Multi-Family
Units
Unit Mix
4 x 2BR/1BA
Multifamily Units
4
Building Details
Year Built
1995
Listing Agency:
Connect Fast Realty, LLC
Listed By:
Farmhouse Realty Group
(801) 721-8150
Source:
Farmhouserealty
Added: Sep 12
Changed: Oct 27
Last Checked: Oct 28 at 8:14AM
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 Connect Fast Realty, LLC
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Investment Insights
Based on property information with market context.
Built in 1995, this 4,006-square-foot quadplex contains four residential units, each arranged with two bedrooms and one bathroom. Two units have been remodeled, while the other two retain their original finishes, creating a clear difference in interior condition across the property.
The property is located at 1775 N Railroad St W in Lehi, Utah, near Silicon Slopes and Thanksgiving Point. Its unit configuration provides a consistent layout across all four residences, with the updated and original interiors offering distinct physical characteristics within the same building.
The property is located at 1775 N Railroad St W in Lehi, Utah, near Silicon Slopes and Thanksgiving Point. Its unit configuration provides a consistent layout across all four residences, with the updated and original interiors offering distinct physical characteristics within the same building.
Key Highlights
- Four‑unit quadplex with 4,006 SF of building area
- Each unit has a 2‑bed, 1‑bath layout
- Two units have been fully remodeled
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$36,957
Cap Rate
3.21%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$739,140
$739.1K
Cap Rate 7%
$527,957
$528.0K
Cap Rate 9%
$410,633
$410.6K
Market Conditions
NOI Build-Up for 4,006 SF
Gross rent
$55.3K $13.80/SF
− Vacancy
−$2.5K −$0.62/SF
EGI
$52.8K $13.18/SF
− OpEx
−$15.8K −$3.95/SF
NOI
$37.0K $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%
$739,140
Cap Rate 7%
$527,957
Cap Rate 9%
$410,633
Alternative Uses
Best Use
Multifamily LT 5
$528.0K
$462.0K – $616.0K
NOI $36,957 @ 7.0% cap · market cap 3.21%
Second Best
Apartment 5plus
$485.4K
$424.8K – $566.3K
NOI $33,980 @ 7.0% cap · market cap 2.95%
Theoretical Best
Office A
$1.10M
$966.3K – $1.29M
NOI $77,300 @ 7.0% cap · market cap 6.72%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
338
Businesses Nearby
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Business Placement
Demographics for 84043, UT
76,954
Population
23,408
Households
3.3
Avg Household Size
26
Median Age
50%
College-Educated
97%
High-School Grad
31.1 sq mi
ZIP Area
2,474
Density / Sq Mi
$125,598
Median Household Income
$49,643
Median Earnings
$1,802
Median Rent
$567,500
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Quadplex - Four residential units include a mix of updated interiors and original finishes.
Where is this quadplex located?
The property is located at 1775 N Railroad St W Lehi, UT.
What is the asking price?
The asking price for this property is $1,150,000.
What are key features of this property?
This property features: Four‑unit quadplex with 4,006 SF of building area; Each unit has a 2‑bed, 1‑bath layout; Two units have been fully remodeled
