Fourplex with Attached
New
For Sale
$1,099,999
4215 E OCONNELL LN, Eagle Mountain, UT 84005
Newer multifamily property with leased residences, professional management, and access to community fitness and recreational amenities.
Property Size2 SF
Price / SF$162.67
Days on Market5
Property Features for 4215 E OCONNELL LN
General Information
Standard status
Active
Size
2 SF
Property subtype
Quadruplex
Occupancy
100%
Units
Unit Mix
4 x 3BR/2.5BA
Multifamily Units
4
Parking per Unit
2
Additional Details
Highway Access
Yes
Amenities
fitness center
clubhouse
recreational spaces
Building Details
Building Size
2 SF
Year Built
2020
Listing Agency:
Capital Advisors Real Estate
(801) 362-3392
Listed By:
Stephen R Olson
(801) 362-3392
Source:
Liftrealty
Added: Aug 17
Changed: Aug 20
Last Checked: Aug 20 at 7:54AM
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 Capital Advisors Real Estate
Investment Insights
Based on property information with market context.
Built in 2020, this 6,762-square-foot quadplex contains four residences, each configured with three bedrooms, 2.5 bathrooms, and an attached 2-car garage. All four units are leased as of listing and professionally managed by MAXX Property Management. The property is located at 4215 E OCONNELL LN in Eagle Mountain, Utah, within the Dublin Farms community of the Ranches Development.
Community amenities include a fitness center, private clubhouse, and recreational areas. The development is approximately 15 minutes from I-15 and provides access to shopping, dining, entertainment, and outdoor recreation. The property also offers views of the Wasatch Mountain Range and Utah Lake.
Community amenities include a fitness center, private clubhouse, and recreational areas. The development is approximately 15 minutes from I-15 and provides access to shopping, dining, entertainment, and outdoor recreation. The property also offers views of the Wasatch Mountain Range and Utah Lake.
Key Highlights
- Fourplex with four 3‑bedroom, 2.5‑bathroom units
- 6,762 SF building completed in 2020
- Each unit includes an attached 2‑car garage
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
$62,381
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
5.67%
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%
$1,247,620
$1.2M
Cap Rate 7%
$891,157
$891.2K
Cap Rate 9%
$693,122
$693.1K
Market Conditions
NOI Build-Up for 6,762 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
$93.3K $13.80/SF
− Vacancy
−$4.2K −$0.62/SF
EGI
$89.1K $13.18/SF
− OpEx
−$26.7K −$3.95/SF
NOI
$62.4K $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%
$1,247,620
Cap Rate 7%
$891,157
Cap Rate 9%
$693,122
Alternative Uses
Best Use
Multifamily LT 5
$891.2K
$779.8K – $1.04M
NOI $62,381 @ 7.0% cap · market cap 5.67%
Second Best
Apartment 5plus
$819.4K
$717.0K – $956.0K
NOI $57,357 @ 7.0% cap · market cap 5.21%
Theoretical Best
Office A
$1.86M
$1.63M – $2.17M
NOI $130,480 @ 7.0% cap · market cap 11.86%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
4
Residential units
100%
Occupancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
104
Businesses Nearby
Explore this area
Business Placement
Demographics for 84005, UT
43,113
Population
11,949
Households
3.6
Avg Household Size
22
Median Age
38%
College-Educated
96%
High-School Grad
36.5 sq mi
ZIP Area
1,181
Density / Sq Mi
$105,576
Median Household Income
$46,401
Median Earnings
$1,995
Median Rent
$469,900
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Newer multifamily property with leased residences, professional management, and access to community fitness and recreational amenities.
Where is this quadplex located?
The property is located at 4215 E OCONNELL LN Eagle Mountain, UT.
What is the asking price?
The asking price for this property is $1,099,999.
What are key features of this property?
This property features: Fourplex with four 3‑bedroom, 2.5‑bathroom units; 6,762 SF building completed in 2020; Each unit includes an attached 2‑car garage
