Duplex with Detached
For Sale
$725,000
414 E 500 S, American Fork, UT 84003
Residential, American Fork, UT
Property Size2,610 SF
Lot Size0.66 Acres
Price / SF$277.78
Days on Market19
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 1, Bedroom 5, Bedroom 3, Bathroom 2, Bathroom 3, Bedroom 2, Bedroom 1, Bedroom 4, Bathroom 4
Parking
11
Parking features
Covered, Secured, RV
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
Central, Natural Gas, Heat Pump (Heating)
Amenities
pool
deck
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: Sep 25
Last Checked: Oct 6 at 5:06PM
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.
Investment Insights
Based on property information with market context.
This 2,610-square-foot duplex sits on 0.66 acres and contains two independent residences with private entrances and no interior connection. The upper unit has three bedrooms and two bathrooms; the lower unit has two bedrooms and two bathrooms. Updates were completed throughout in 2021. A detached, two-story building provides an office on the upper level and a gym below, with independent mini-split HVAC systems. A separate greenhouse shed offers climate-controlled storage.
The site also includes a two-car garage, a two-car carport, and gravel parking for RVs or tenants. Outdoor features include a custom deck, a partially inground pool, mature fruit trees, and an expansive yard. Multi-Family zoning is noted, with potential for an attached third unit.
The site also includes a two-car garage, a two-car carport, and gravel parking for RVs or tenants. Outdoor features include a custom deck, a partially inground pool, mature fruit trees, and an expansive yard. Multi-Family zoning is noted, with potential for an attached third unit.
Key Highlights
- Two units: upper residence has 3 bedrooms and 2 bathrooms; lower residence has 2 bedrooms and 2 bathrooms
- 2,610 square feet on a 0.66‑acre parcel
- 2021 updates throughout
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,078
Cap Rate
3.32%
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 3.32%
Second Best
Apartment 5plus
$316.3K
$276.7K – $369.0K
NOI $22,139 @ 7.0% cap · market cap 3.05%
Theoretical Best
Office A
$719.5K
$629.5K – $839.4K
NOI $50,363 @ 7.0% cap · market cap 6.95%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Duplex - Two separately accessed residences share a property with additional detached workspace and storage buildings.
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 $725,000.
What are key features of this property?
This property features: Two units: upper residence has 3 bedrooms and 2 bathrooms; lower residence has 2 bedrooms and 2 bathrooms; 2,610 square feet on a 0.66‑acre parcel; 2021 updates throughout
