Remodeled Duplex for Residential
263 E CENTER St Spanish Fork, UT 84660
For Sale
$489,900
MULTI_FAMILY - Other - Spanish Fork, UT
Property Size2,020 SF
Lot Size0.14 Acres
Price / SF$242.52
Days on Market92
Property Features for 263 E CENTER St
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
4
Bathrooms
2
Rooms
Bedroom 2, Bedroom 4, Bedroom 3, Bedroom 1, Bathroom 2, Bathroom 1
Interior features
Disposal, Kitchen: Updated, Range/Oven: Free Stdng., Dishwasher: Built-In
Exterior features
Basement Entrance
Standard status
Active
APN
07-045-0027
Size
2,020 SF
Lot size
0.14 Acres
Taxes and HOA fees
Tax Annual Amount
2203
Utilities
Sewer type
Public Sewer
Heating system
Central, Forced Air, Natural Gas
Building Details
Year built
1940
Number of units
2
Flooring type
Tile
Building materials
Cedar
Roof type
Asphalt
Architectural style
Other
Listing Agency:
Equity Real Estate (Utah)
(801) 794-7777
Listed By:
Travis J. Shepherd · License #5894363
(801) 367-1946
Added: Apr 29
Changed: Jul 28
Last Checked: Jul 29 at 10:06PM
MLS# 2154250
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Investment Insights
Based on property information with market context.
This newly remodeled duplex is offered for sale and has been updated with all new appliances, flooring, paint, cabinets, countertops, and bathroom finishes. Updates also include tile surrounds and tile floors in the bathrooms, along with breaker boxes and breakers. The property further benefits from a newer furnace and AC, a newer roof, and substantial improvements to plumbing and electrical, with most of those systems described as new.
Located at 263 E Center St in Spanish Fork, Utah (Utah County). The lot size is listed at 0.14 acres, and the property size is 2,020 square feet.
The interior renovations and system upgrades make this duplex a turnkey residential income asset with documented updates across major components.
Located at 263 E Center St in Spanish Fork, Utah (Utah County). The lot size is listed at 0.14 acres, and the property size is 2,020 square feet.
The interior renovations and system upgrades make this duplex a turnkey residential income asset with documented updates across major components.
Key Highlights
- Newly remodeled duplex with multiple bedrooms and 2 bathrooms
- Updated kitchen with built‑in dishwasher, disposal, and range/oven
- New or updated interior finishes including flooring, paint, cabinets, and countertops
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $27.9k | $13.80 |
| − Vacancy | −$1.3k | −$0.62 |
| EGI | $26.6k | $13.18 |
| − OpEx | −$8.0k | −$3.95 |
| NOI | $18.6k | $9.23 |
2,020 SF · lease $13.80/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$266.2K
$232.9K – $310.6K
NOI $18,635 @ 7.0% cap · market cap 3.80%
Second Best
Apartment 5plus
$244.8K
$214.2K – $285.6K
NOI $17,134 @ 7.0% cap · market cap 3.50%
Theoretical Best
Office A
$556.8K
$487.2K – $649.6K
NOI $38,978 @ 7.0% cap · market cap 7.96%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Duplex - Newly remodeled duplex featuring new appliances, flooring, paint, and updated HVAC, roof, and electrical systems.
Where is this duplex located?
The property is located at 263 E CENTER St Spanish Fork, UT.
What is the asking price?
The asking price for this property is $489,900.
What are key features of this property?
This property features: Newly remodeled duplex with multiple bedrooms and 2 bathrooms; Updated kitchen with built‑in dishwasher, disposal, and range/oven; New or updated interior finishes including flooring, paint, cabinets, and countertops
