Four-Unit Multifamily
For Sale
$1,395,000
211 E 700 N #23, Vineyard, UT 84059
Multi-Family zoning and access to the Vineyard FrontRunner station, I-15, shopping, dining, parks, and trails.
Property Size6,396 SF
Price / SF$218.11
Days on Market66
Property Features for 211 E 700 N #23
General Information
Standard status
Active
Size
6,396 SF
Total Parking Spaces
14
Property subtype
Multi Family Home
Zoning
Multi-Family
Site & Location
Highway Access
Yes
Public Transit
Yes
Additional Details
Multifamily Units
4
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$7,271
Amenities
Cable TV
Clubhouse
Pool
Closet: Walk-In
Range/Oven: Free Stdng.
Dishwasher: Built-In
Double Pane Windows
Lighting
Building Details
Building Size
6,396 SF
Year Built
2016
Stories
3
Units
4
Listing Agency:
Capital Advisors Real Estate
(801) 636-2340
Listed By:
Sherida Zenger · License #SA686590000
(801) 787-6665
Source:
Etzelonline
Added: Aug 21
Changed: Oct 25
Last Checked: Oct 23 at 4:26PM
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 Capital Advisors Real Estate
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Investment Insights
Based on property information with market context.
Built in 2016, this four-unit residential property is zoned Multi-Family. Three units have listed leases, while one unit is vacant. Tenant-owned TV mounts, washers, dryers, and other personal property are excluded from the sale. Photos depict comparable units with the same floor plan, not the exact units offered.
The property is in Vineyard, with access to Utah Lake, parks, trails, shopping, dining, UVU, and the Vineyard FrontRunner station. I-15 provides connections to Orem, Provo, and the greater Wasatch Front. Listed services and amenities include a clubhouse, pool, cable TV, insurance, sewer, water, trash, and snow removal.
The property is in Vineyard, with access to Utah Lake, parks, trails, shopping, dining, UVU, and the Vineyard FrontRunner station. I-15 provides connections to Orem, Provo, and the greater Wasatch Front. Listed services and amenities include a clubhouse, pool, cable TV, insurance, sewer, water, trash, and snow removal.
Key Highlights
- Four‑unit property built in 2016
- Multi‑Family zoning
- Three units have listed leases; one unit is vacant
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$59,005
Cap Rate
4.23%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,180,100
$1.2M
Cap Rate 7%
$842,929
$842.9K
Cap Rate 9%
$655,611
$655.6K
Market Conditions
NOI Build-Up for 6,396 SF
Gross rent
$88.3K $13.80/SF
− Vacancy
−$4.0K −$0.62/SF
EGI
$84.3K $13.18/SF
− OpEx
−$25.3K −$3.95/SF
NOI
$59.0K $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%
$1,180,100
Cap Rate 7%
$842,929
Cap Rate 9%
$655,611
Alternative Uses
Best Use
Multifamily LT 5
$842.9K
$737.6K – $983.4K
NOI $59,005 @ 7.0% cap · market cap 4.23%
Second Best
Apartment 5plus
$775.0K
$678.2K – $904.2K
NOI $54,253 @ 7.0% cap · market cap 3.89%
Theoretical Best
Office A
$1.76M
$1.54M – $2.06M
NOI $123,417 @ 7.0% cap · market cap 8.85%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Lease Details
4
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
198
Businesses Nearby
Explore this area
Business Placement
Demographics for 84059, UT
15,567
Population
5,325
Households
2.9
Avg Household Size
25
Median Age
49%
College-Educated
97%
High-School Grad
5.3 sq mi
ZIP Area
2,937
Density / Sq Mi
$101,842
Median Household Income
$41,489
Median Earnings
$1,799
Median Rent
$509,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Quadplex - Multi-Family zoning and access to the Vineyard FrontRunner station, I-15, shopping, dining, parks, and trails.
Where is this quadplex located?
The property is located at 211 E 700 N #23 Vineyard, UT.
What is the asking price?
The asking price for this property is $1,395,000.
What are key features of this property?
This property features: Four‑unit property built in 2016; Multi‑Family zoning; Three units have listed leases; one unit is vacant
