Multifamily Property with
For Sale
$800,000
40 S 130 E, Spanish Fork, UT 84660
Residential, Spanish Fork, UT
Property Size4,394 SF
Lot Size0.67 Acres
Price / SF$182.07
Days on Market53
Property Features for 40 S 130 E
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Zoning
Multi-Family
Bedrooms
6
Bathrooms
3
Full bathrooms
3
Rooms
Bathroom 3, Bathroom 1, Bedroom 1, Bedroom 2, Bedroom 6, Bathroom 2, Bedroom 4, Bedroom 3, Bedroom 5
Parking features
Workshop, RV, Covered
Window features
Blinds
Interior features
Disposal, Oven: Gas, Range: Gas, Range/Oven: Free Stdng.
Lot features
Curb & Gutter, Fenced: Part, Road: Paved, Sidewalks, Sprinkler: Manual- Full
Elementary school
Park
Middle school
Spanish Fork Jr
High school
Spanish Fork
Elementary school district
Nebo
Middle school district
Nebo
High school district
Nebo
Subdivision
Sp Fork; Mapleton; Benjamin
Standard status
Active
APN
07-033-0006
Size
4,394 SF
Lot size
0.67 Acres
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Tax Annual Amount
3745
Utilities
Sewer type
Public Sewer
Heating system
Central, Natural Gas
Building Details
Year built
1969
Number of units
3
Flooring type
Carpet, Laminate, Linoleum
Building materials
Brick
Roof type
Asphalt
Architectural style
Other
Additional Structures
Workshop
Buildings
2
Listing Agency:
Equity Real Estate (Utah)
Listed By:
Kenny Parcell · License #5469176-BB00
(801) 794-7777
Added: Sep 15
Changed: Oct 24
Last Checked: Nov 6 at 6:06AM
MLS# 2185254
Copyright © 2026 UtahRealEstate.com. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 4,394-square-foot multifamily property occupies 0.67 acres and includes a detached single-family house alongside a duplex. The buildings date to 1969 and have brick construction. The property contains six bedrooms and three bathrooms, with central natural gas heating and public sewer service.
Utility responsibilities differ between the residences. For the duplex, the owner pays water, sewer, and pressurized irrigation; tenants cover electricity, gas, and garbage. The house is vacant, while access to the duplex for previews is limited to the due diligence period.
Utility responsibilities differ between the residences. For the duplex, the owner pays water, sewer, and pressurized irrigation; tenants cover electricity, gas, and garbage. The house is vacant, while access to the duplex for previews is limited to the due diligence period.
Key Highlights
- Detached single‑family house and duplex on one property
- 4,394 square feet on 0.67 acres
- Multi‑Family zoning
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.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
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
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Multifamily property - The parcel combines a detached house and two-unit residential building under Multi-Family zoning.
Where is this multifamily 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: Detached single‑family house and duplex on one property; 4,394 square feet on 0.67 acres; Multi‑Family zoning
