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6-Unit Apartment Building
For Sale
Contact for pricing
Pending

396 N 500 W, Lehi, UT 84043

New-construction apartments feature private garages, individual patios, and shared outdoor amenities.

Property SizeContact for details
Days on Market142

Property Features for 396 N 500 W

General Information

Standard status Pending
Property subtype Multifamily

Units

Unit Mix 2 x 2BR, 4 x 3BR
Multifamily Units 6
Parking per Unit 2

Amenities

covered parking
garages
playground
green space
patio
Listing Agency: CBRE - Salt Lake City
Listed By: Patrick Bodnar · License #UT 5468466-SA00
Source: Crexi
Added: Apr 11 Changed: Aug 30 Last Checked: Aug 30 at 11:11AM

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 CBRE - Salt Lake City

Investment Insights

Based on property information with market context.

This six-unit apartment community is planned with a mix of two 2-bedroom residences and four 3-bedroom residences. Every unit includes a 2-car garage and a large ground-level patio, while the 2-bedroom units also have a large 3-floor patio. Shared improvements include an on-site playground and green space.

The property is located at 396 N 500 W in Lehi, Utah, near retail shopping, high-tech employment, Utah Valley University, and Brigham Young University. The project is offered before completion or at Certificate of Occupancy, with delivery projected for December 2022.

Key Highlights

  • 6‑unit apartment community with two 2‑bedroom units and four 3‑bedroom units
  • 2‑car garage included with every unit
  • Large ground‑level patio provided for every unit

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Grocery & Convenience Store Computer & Electronic Repair Auto Parts Store Parking Lot & Garage (Bike/Boat/Book/etc) Store Electrical Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

6
Residential units

Location Intelligence

Trade Area within ½ mile

634
Businesses Nearby

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

Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - New-construction apartments feature private garages, individual patios, and shared outdoor amenities.
Where is this apartment building located?
The property is located at 396 N 500 W Lehi, UT.
What are key features of this property?
This property features: 6‑unit apartment community with two 2‑bedroom units and four 3‑bedroom units; 2‑car garage included with every unit; Large ground‑level patio provided for every unit
More about this property
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