Well-Maintained Quadplex
341 E 950 S Springville, UT 84663
For Sale
$975,000
Well-maintained quadplex centrally located in Springville, offered for sale; all information is subject to buyer verification.
Property Size3,584 SF
Price / SF$272.04
Days on Market31
Property Features for 341 E 950 S
General Information
Standard status
Active
Size
3,584 SF
Property subtype
Quadruplex
Building Details
Year Built
1977
Listing Agency:
KW WESTFIELD
(801) 717-0906
Listed By:
Layne Thompson
(801) 717-0906
Source:
Liftrealty
Added: Jun 29
Changed: Jul 27
Last Checked: Jul 29 at 5:35AM
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 KW WESTFIELD
Investment Insights
Based on property information with market context.
This for-sale quadplex is described as well maintained. The property is being offered as a residential income investment, with information provided as a courtesy and subject to buyer verification.
The asset is located at 341 E 950 S in Springville, Utah, and the remarks indicate it is centrally located within the area.
For buyers interested in owner occupancy, the public remarks note that FHA owner-occupancy guidelines may allow for an owner-occupied unit. Interested parties should confirm eligibility and all details during their due diligence.
The asset is located at 341 E 950 S in Springville, Utah, and the remarks indicate it is centrally located within the area.
For buyers interested in owner occupancy, the public remarks note that FHA owner-occupancy guidelines may allow for an owner-occupied unit. Interested parties should confirm eligibility and all details during their due diligence.
Key Highlights
- Quadplex built in 1977
- Well‑maintained apartments
- Centrally located in Springville
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 | $49.5k | $13.80 |
| − Vacancy | −$2.2k | −$0.62 |
| EGI | $47.2k | $13.18 |
| − OpEx | −$14.2k | −$3.95 |
| NOI | $33.1k | $9.23 |
3,584 SF · lease $13.80/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$472.3K
$413.3K – $551.1K
NOI $33,063 @ 7.0% cap · market cap 3.39%
Second Best
Apartment 5plus
$434.3K
$380.0K – $506.7K
NOI $30,401 @ 7.0% cap · market cap 3.12%
Theoretical Best
Office A
$988.0K
$864.5K – $1.15M
NOI $69,157 @ 7.0% cap · market cap 7.09%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Quadplex - Well-maintained quadplex centrally located in Springville, offered for sale; all information is subject to buyer verification.
Where is this quadplex located?
The property is located at 341 E 950 S Springville, UT.
What is the asking price?
The asking price for this property is $975,000.
What are key features of this property?
This property features: Quadplex built in 1977; Well‑maintained apartments; Centrally located in Springville
