Brick Triplex with
New
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 Market2
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 1, Bedroom 1, Bedroom 3, Bedroom 2, Bathroom 2, Bedroom 4, Bathroom 3, Bedroom 6, 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
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
Linoleum, Carpet, Laminate
Building materials
Brick
Roof type
Asphalt
Architectural style
Other
Additional Structures
Workshop
Listing Agency:
Equity Real Estate (Utah)
(801) 794-7777
Listed By:
Kenny Parcell · License #5469176-BB00
(801) 651-3071
Added: Sep 15
Changed: Sep 16
Last Checked: Sep 16 at 4:06AM
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.
Investment Insights
Based on property information with market context.
This Spanish Fork property combines a single-family residence with a separate duplex, creating three residential units across 4,394 square feet. Built in 1969, the property features brick construction, central natural-gas heating, public sewer service, asphalt roofing, and a mix of linoleum, carpet, and laminate flooring. Kitchens include gas ranges and ovens, along with garbage disposals.
The 0.67-acre site includes covered parking, RV parking, and workshop space. The property is located at 40 S 130 E in Spanish Fork, Utah, and carries Multi-Family zoning. Utility arrangements vary by unit: the owner pays water, sewer, and pressurized irrigation for the duplex through the city’s equal pay program, while duplex tenants pay electricity, gas, and garbage. The single-family residence has tenant-paid utilities and pressurized irrigation.
The 0.67-acre site includes covered parking, RV parking, and workshop space. The property is located at 40 S 130 E in Spanish Fork, Utah, and carries Multi-Family zoning. Utility arrangements vary by unit: the owner pays water, sewer, and pressurized irrigation for the duplex through the city’s equal pay program, while duplex tenants pay electricity, gas, and garbage. The single-family residence has tenant-paid utilities and pressurized irrigation.
Key Highlights
- Three residential units: one single‑family home and a duplex
- 4,394 square feet on a 0.67‑acre parcel
- Multi‑Family zoning
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$40,536
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.07%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$810,720
$810.7K
Cap Rate 7%
$579,086
$579.1K
Cap Rate 9%
$450,400
$450.4K
Market Conditions
NOI Build-Up for 4,394 SF
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.
Gross rent
$60.6K $13.80/SF
− Vacancy
−$2.7K −$0.62/SF
EGI
$57.9K $13.18/SF
− OpEx
−$17.4K −$3.95/SF
NOI
$40.5K $9.23/SF
Area
Utah County, UT
Vacancy
4.50%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$810,720
Cap Rate 7%
$579,086
Cap Rate 9%
$450,400
Alternative Uses
Best Use
Multifamily LT 5
$579.1K
$506.7K – $675.6K
NOI $40,536 @ 7.0% cap · market cap 5.07%
Second Best
Apartment 5plus
$532.4K
$465.9K – $621.2K
NOI $37,271 @ 7.0% cap · market cap 4.66%
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.
Property Analytics
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Open Analytics
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
781
Businesses Nearby
Explore this area
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Three-unit residential property with brick construction, covered parking, workshop space, and multifamily zoning.
Where is this triplex 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: Three residential units: one single‑family home and a duplex; 4,394 square feet on a 0.67‑acre parcel; Multi‑Family zoning
