Updated Duplex with Detached
414 E 500 S #A-B, American Fork, UT 84003
For Sale
$685,000
Two separately configured residences share a landscaped lot with flexible parking and additional outbuildings.
Property Size2,610 SF
Lot Size0.66 Acres
Price / SF$262.45
Days on Market52
Property Features for 414 E 500 S #A-B
General Information
Standard status
Size
Lot size
Property subtype
Units
Unit Mix
Multifamily Units
Additional Details
Highway Access
Amenities
automatic sprinkler system
fruit trees
berry bushes
gardening space
grow boxes
custom deck
partially inground pool
1/2 water share
2-car garage
2-car carport
RV parking
detached office/gym
greenhouse
mini-split HVAC
Building Details
Year Built
Listing Agency:
Mountain Luxury Real Estate
Listed By:
The Evans Team
(385) 335-0618
Source:
Evansteamutah
Added: Sep 20
Changed: Nov 10
Last Checked: Nov 10 at 8:29AM
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 Mountain Luxury Real Estate
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Investment Insights
Based on property information with market context.
This 2,610-square-foot duplex sits on a 0.66-acre lot and includes a 5-bedroom, 4-bathroom main residence divided into two units. The upper unit has 3 bedrooms and 2 bathrooms, while the basement unit offers 2 bedrooms and 2 bathrooms. Updates were completed in 2021. Property improvements include a 2-car garage, 2-car carport, additional uncovered parking, gravel RV parking, and multiple gravel parking areas.
The grounds feature fruit trees, berry bushes, gardening areas, grow boxes, a partially inground pool setup, a custom deck, an automatic sprinkler system, and a 1/2 water share. A detached 2-story accessory building contains an office and fitness gym, with separate mini-split HVAC units. A large greenhouse shed also has mini-split HVAC. The property is 2 minutes from I-15 and is zoned with potential for an attached third unit. Built in 1995.
The grounds feature fruit trees, berry bushes, gardening areas, grow boxes, a partially inground pool setup, a custom deck, an automatic sprinkler system, and a 1/2 water share. A detached 2-story accessory building contains an office and fitness gym, with separate mini-split HVAC units. A large greenhouse shed also has mini-split HVAC. The property is 2 minutes from I-15 and is zoned with potential for an attached third unit. Built in 1995.
Key Highlights
- 2,610 SF duplex on a 0.66‑acre lot
- Upper 3‑bedroom, 2‑bathroom unit plus lower 2‑bedroom, 2‑bathroom unit
- 2021 updates to the main residence
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,078
Cap Rate
3.52%
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 3.52%
Second Best
Apartment 5plus
$316.3K
$276.7K – $369.0K
NOI $22,139 @ 7.0% cap · market cap 3.23%
Theoretical Best
Office A
$719.5K
$629.5K – $839.4K
NOI $50,363 @ 7.0% cap · market cap 7.35%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,113
Businesses Nearby
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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
$580,600
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Utah County, UT
Properties on Market for Duplexes in Utah County
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Two separately configured residences share a landscaped lot with flexible parking and additional outbuildings.
Where is this duplex located?
The property is located at 414 E 500 S #A-B American Fork, UT.
What is the asking price?
The asking price for this property is $685,000.
What are key features of this property?
This property features: 2,610 SF duplex on a 0.66‑acre lot; Upper 3‑bedroom, 2‑bathroom unit plus lower 2‑bedroom, 2‑bathroom unit; 2021 updates to the main residence
