Three-Unit Residential Income
40 S 130 E, Spanish Fork, UT 84660
For Sale
$800,000
A detached house and a duplex share one property, with the main house currently vacant.
Property Size4,394 SF
Price / SF$182.07
Days on Market56
Property Features for 40 S 130 E
General Information
Standard status
Size
Property subtype
Additional Details
Multifamily Units
Tenant in Place
Building Details
Year Built
Listing Agency:
Equity Real Estate (Utah)
Listed By:
Kenny Parcell · License #5469176-BB00
(801) 794-7777
Source:
Sternteam
Added: Sep 15
Changed: Nov 8
Last Checked: Nov 8 at 9:36AM
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 Equity Real Estate (Utah)
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Investment Insights
Based on property information with market context.
This 4,394-square-foot residential property in Spanish Fork includes a single-family house and a duplex. The main house is vacant, and the property was built in 1969.
Utility responsibilities differ by building. The house tenants are responsible for utilities and pressurized irrigation. For the duplex, the owner pays water, sewer, and pressurized irrigation through the city’s equal-pay program; tenants cover electricity, gas, and garbage. Duplex previews are limited to the due diligence period.
Utility responsibilities differ by building. The house tenants are responsible for utilities and pressurized irrigation. For the duplex, the owner pays water, sewer, and pressurized irrigation through the city’s equal-pay program; tenants cover electricity, gas, and garbage. Duplex previews are limited to the due diligence period.
Key Highlights
- 4,394‑square‑foot property with a single‑family house and duplex
- Three residential units across two buildings
- Built in 1969
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$37,271
Cap Rate
4.66%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$745,420
$745.4K
Cap Rate 7%
$532,443
$532.4K
Cap Rate 9%
$414,122
$414.1K
Market Conditions
NOI Build-Up for 4,394 SF
Gross rent
$71.2K $16.20/SF
− Vacancy
−$3.4K −$0.78/SF
EGI
$67.8K $15.42/SF
− OpEx
−$30.5K −$6.94/SF
NOI
$37.3K $8.48/SF
Area
Utah County, UT
Vacancy
4.80%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$745,420
Cap Rate 7%
$532,443
Cap Rate 9%
$414,122
Alternative Uses
Best Use
Apartment 5plus
$532.4K
$465.9K – $621.2K
NOI $37,271 @ 7.0% cap · market cap 4.66%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.21M
$1.06M – $1.41M
NOI $84,787 @ 7.0% cap · market cap 10.60%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
781
Businesses Nearby
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Business Placement
Demographics for 84660, UT
45,959
Population
13,162
Households
3.5
Avg Household Size
28
Median Age
38%
College-Educated
94%
High-School Grad
362.2 sq mi
ZIP Area
127
Density / Sq Mi
$98,398
Median Household Income
$40,509
Median Earnings
$1,393
Median Rent
$452,100
Median Home Value
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Market
Average Price Trend$/SF for Residential income properties in Utah County, UT
Properties on Market for Residential income properties in Utah County
Frequently Asked Questions
What type of property is this?
Residential income property - A detached house and a duplex share one property, with the main house currently vacant.
Where is this residential income property located?
The property is located at 40 S 130 E Spanish Fork, UT.
What is the asking price?
The asking price for this property is $800,000.
What are key features of this property?
This property features: 4,394‑square‑foot property with a single‑family house and duplex; Three residential units across two buildings; Built in 1969
