Four-Duplex Multifamily
For Sale
$2,299,500
Pending
457 N 900 E, Spanish Fork, UT 84660
Eight occupied residential units with covered parking and individually metered tenant utilities.
Property Size10,080 SF
Days on Market56
Property Features for 457 N 900 E
General Information
Standard status
Pending
Size
10,080 SF
Property subtype
> 4 Units
Occupancy
100%
Site & Location
Highway Access
Yes
Utilities to Site
Yes
Units
Unit Mix
8 x 3BR/2BA
Multifamily Units
8
Amenities
covered parking
Building Details
Building Size
10,080 SF
Year Built
2003
Buildings
4
Listing Agency:
Tab Real Estate Inc.
Listed By:
Trent Beesley · License #5963619PB00
(801) 592-1049
Source:
Liftrealty
Added: Aug 12
Changed: Oct 6
Last Checked: Oct 5 at 7:02PM
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 Tab Real Estate Inc.
Investment Insights
Based on property information with market context.
This multifamily offering includes four duplex buildings with eight total units on one tax parcel. Each residence contains three bedrooms, two bathrooms, and 1,260 SF. Constructed in 2003, the property includes covered parking, additional parking areas, and shared drive access. The units are fully occupied, and the operating setup includes separate utility metering and tenant-paid trash service.
The property is located at 457 N 900 E in Spanish Fork, Utah, with access to I-15, shopping, schools, and employment centers. All four duplexes are offered together as a single portfolio, providing a consolidated ownership structure across the eight residences.
The property is located at 457 N 900 E in Spanish Fork, Utah, with access to I-15, shopping, schools, and employment centers. All four duplexes are offered together as a single portfolio, providing a consolidated ownership structure across the eight residences.
Key Highlights
- Four duplexes with 8 total units on a single tax parcel
- Eight 3‑bedroom, 2‑bath units, each measuring 1,260 SF
- 100% occupied with long‑term tenants
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$92,991
Cap Rate
4.04%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,859,820
$1.9M
Cap Rate 7%
$1,328,443
$1.3M
Cap Rate 9%
$1,033,233
$1.0M
Market Conditions
NOI Build-Up for 10,080 SF
Gross rent
$139.1K $13.80/SF
− Vacancy
−$6.3K −$0.62/SF
EGI
$132.8K $13.18/SF
− OpEx
−$39.9K −$3.95/SF
NOI
$93.0K $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%
$1,859,820
Cap Rate 7%
$1,328,443
Cap Rate 9%
$1,033,233
Alternative Uses
Best Use
Multifamily LT 5
$1.33M
$1.16M – $1.55M
NOI $92,991 @ 7.0% cap · market cap 4.04%
Second Best
Apartment 5plus
$1.22M
$1.07M – $1.43M
NOI $85,502 @ 7.0% cap · market cap 3.72%
Theoretical Best
Office A
$2.78M
$2.43M – $3.24M
NOI $194,504 @ 7.0% cap · market cap 8.46%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
8
Residential units
100%
Occupancy
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
559
Businesses Nearby
Explore this area
Business Placement
Demographics for 84660, UT
45,959
Population
13,162
Households
3.5
Avg Household Size
28
Median Age
38%
College-Educated
94%
High-School Grad
362.2 sq mi
ZIP Area
127
Density / Sq Mi
$98,398
Median Household Income
$40,509
Median Earnings
$1,393
Median Rent
$452,100
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 - Eight occupied residential units with covered parking and individually metered tenant utilities.
Where is this duplex located?
The property is located at 457 N 900 E Spanish Fork, UT.
What is the asking price?
The asking price for this property is $2,299,500.
What are key features of this property?
This property features: Four duplexes with 8 total units on a single tax parcel; Eight 3‑bedroom, 2‑bath units, each measuring 1,260 SF; 100% occupied with long‑term tenants
