Townhome-Style
For Sale
$1,099,999
4311 E OCONNELL LN, Eagle Mountain, UT 84005
Four professionally managed residences feature consistent layouts, private garages, and access to community fitness and recreation amenities.
Property Size3 SF
Price / SF$162.63
Days on Market10
Property Features for 4311 E OCONNELL LN
General Information
Standard status
Active
Size
3 SF
Property subtype
Quadruplex
Units
Unit Mix
4 x 3BR/2.5BA
Multifamily Units
4
Additional Details
Highway Access
Yes
Amenities
fitness center
clubhouse
recreational space
Building Details
Building Size
3 SF
Year Built
2019
Buildings
1
Stories
3
Listing Agency:
Canovo Group
(385) 233-3252
Listed By:
David T Robinson
(385) 233-3252
Source:
Liftrealty
Added: Aug 12
Changed: Aug 20
Last Checked: Aug 20 at 4:36AM
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 Canovo Group
Investment Insights
Based on property information with market context.
Built in 2019, this four-unit residential property uses a low-maintenance townhome configuration within the Dublin Farms community. Each residence offers three bedrooms, 2.5 bathrooms, three levels, and a one-car garage. The property contains approximately 6764 square feet, and all units are professionally managed by MAXX Property Management.
Community amenities include a fitness center, clubhouse, and recreational area. The property is located in Eagle Mountain, approximately 15 minutes from I-15, with access to restaurants, entertainment, and outdoor activities. Residents also have views of the Wasatch Mountain Range and Utah Lake.
Community amenities include a fitness center, clubhouse, and recreational area. The property is located in Eagle Mountain, approximately 15 minutes from I-15, with access to restaurants, entertainment, and outdoor activities. Residents also have views of the Wasatch Mountain Range and Utah Lake.
Key Highlights
- Four‑unit townhome‑style property in Dublin Farms
- Each unit includes 3 bedrooms, 2.5 bathrooms, and a 1‑car garage
- Built in 2019 with 6764 square feet
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
$62,400
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%
$1,248,000
$1.2M
Cap Rate 7%
$891,429
$891.4K
Cap Rate 9%
$693,333
$693.3K
Market Conditions
NOI Build-Up for 6,764 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%
$1,248,000
Cap Rate 7%
$891,429
Cap Rate 9%
$693,333
Alternative Uses
Best Use
Multifamily LT 5
$891.4K
$780.0K – $1.04M
NOI $62,400 @ 7.0% cap · market cap 5.67%
Second Best
Apartment 5plus
$819.6K
$717.2K – $956.2K
NOI $57,374 @ 7.0% cap · market cap 5.22%
Theoretical Best
Office A
$1.86M
$1.63M – $2.18M
NOI $130,518 @ 7.0% cap · market cap 11.87%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
4
Residential units
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 - Four professionally managed residences feature consistent layouts, private garages, and access to community fitness and recreation amenities.
Where is this quadplex located?
The property is located at 4311 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: Four‑unit townhome‑style property in Dublin Farms; Each unit includes 3 bedrooms, 2.5 bathrooms, and a 1‑car garage; Built in 2019 with 6764 square feet
