Duplex With Detached
For Sale
$699,000
414 E 500 S, American Fork, UT 84003
Residential, American Fork, UT
Property Size2,610 SF
Lot Size0.66 Acres
Price / SF$267.82
Days on Market46
Property Features for 414 E 500 S
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
Multi-Family
Bedrooms
5
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 4, Bathroom 1, Bedroom 4, Bathroom 3, Bedroom 5, Bedroom 1, Bedroom 2, Bedroom 3, Bathroom 2
Parking
11
Parking features
Secured, RV, Covered
Window features
Blinds
Pool private
1
Exterior features
Basement Entrance, Out Buildings, Secured Parking, Walkout
Lot features
Fenced: Full, Road: Paved, Secluded, Sprinkler: Auto- Full
Elementary school
Greenwood
Middle school
American Fork
High school
American Fork
Elementary school district
Alpine
Middle school district
Alpine
High school district
Alpine
Subdivision
Am Fork; Hlnd; Lehi; Saratog.
Standard status
Active
APN
44-231-0001
Size
2,610 SF
Lot size
0.66 Acres
Taxes and HOA fees
Tax Annual Amount
2700
Utilities
Heating system
Natural Gas, Heat Pump (Heating), Central
Amenities
gym
automatic sprinkler system
deck
pool
fruit trees
berry bushes
gardening space
grow boxes
greenhouse shed
Building Details
Year built
1995
Number of units
2
Flooring type
Carpet
Building materials
Brick
Roof type
Asphalt
Architectural style
Other
Listing Agency:
Equity Real Estate (Utah)
(801) 794-7777
Listed By:
Jacob Gibson
(801) 651-3071
Added: Sep 18
Changed: Oct 30
Last Checked: Nov 2 at 11:06PM
MLS# 2186355
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.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The 2,610-square-foot duplex sits on a 0.66-acre parcel and contains an upper residence with three bedrooms and two bathrooms, plus a lower residence with two bedrooms and two bathrooms. Updates were completed throughout in 2021. A detached, two-story accessory building has a private office upstairs and gym downstairs; both areas have individual mini-split HVAC units. A greenhouse shed also has mini-split HVAC. Outdoor features include a custom deck, partially inground pool, fruit trees, berry bushes, gardening areas, and grow boxes, with an automatic sprinkler system serving the landscaped yard.
Parking includes a two-car garage, a two-car covered carport, additional uncovered and gravel parking, and RV parking. The property is in American Fork, two minutes from I-15, and is zoned Multi-Family. The listing also identifies a 1/2 water share and potential to construct an attached third unit on-site.
Parking includes a two-car garage, a two-car covered carport, additional uncovered and gravel parking, and RV parking. The property is in American Fork, two minutes from I-15, and is zoned Multi-Family. The listing also identifies a 1/2 water share and potential to construct an attached third unit on-site.
Key Highlights
- Two residences: upper unit has 3 bedrooms and 2 bathrooms; lower unit has 2 bedrooms and 2 bathrooms
- 2,610‑square‑foot building on a 0.66‑acre parcel
- Detached two‑story building configured with an office and gym, each served by individual mini‑split HVAC
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,078
Cap Rate
3.44%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$481,560
$481.6K
Cap Rate 7%
$343,971
$344.0K
Cap Rate 9%
$267,533
$267.5K
Market Conditions
NOI Build-Up for 2,610 SF
Gross rent
$36.0K $13.80/SF
− Vacancy
−$1.6K −$0.62/SF
EGI
$34.4K $13.18/SF
− OpEx
−$10.3K −$3.95/SF
NOI
$24.1K $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 Rate 5%
$481,560
Cap Rate 7%
$343,971
Cap Rate 9%
$267,533
Alternative Uses
Best Use
Multifamily LT 5
$344.0K
$301.0K – $401.3K
NOI $24,078 @ 7.0% cap · market cap 3.44%
Second Best
Apartment 5plus
$316.3K
$276.7K – $369.0K
NOI $22,139 @ 7.0% cap · market cap 3.17%
Theoretical Best
Office A
$719.5K
$629.5K – $839.4K
NOI $50,363 @ 7.0% cap · market cap 7.21%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,113
Businesses Nearby
Explore this area
Business Placement
Demographics for 84003, UT
52,970
Population
16,441
Households
3.2
Avg Household Size
29
Median Age
50%
College-Educated
96%
High-School Grad
73.6 sq mi
ZIP Area
720
Density / Sq Mi
$120,262
Median Household Income
$41,591
Median Earnings
$1,692
Median Rent
$580,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Two separate living spaces are paired with a detached building configured for office and gym use.
Where is this duplex located?
The property is located at 414 E 500 S American Fork, UT.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: Two residences: upper unit has 3 bedrooms and 2 bathrooms; lower unit has 2 bedrooms and 2 bathrooms; 2,610‑square‑foot building on a 0.66‑acre parcel; Detached two‑story building configured with an office and gym, each served by individual mini‑split HVAC
