Duplex Investment
490 S AVERETT AVE Springville, UT 84663
490 S AVERETT AVE, Springville, UT, 84663
$630,000
For Sale
$630,000
Two-unit duplex with shared backyard and covered carport, featuring updated finishes in one unit.
Property Size3,504 SF
Price / SF$179.79
Days on Market15
Property Features for 490 S AVERETT AVE
General Information
- Standard status
- Active
- Size
- 3,504 SF
- Property subtype
- Duplex
Building Details
- Year Built
- 1955
Listing Agency
Alliance Real Estate, PLLC
(801) 222-9449
Listed by
Christine Alleman
(801) 222-9449
Source
Liftrealty
Added: Jul 7 Updated: Jul 20 at 2:58 am Checked: Jul 20 at 2:58 am
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 Alliance Real Estate, PLLC
Investment Insights
Based on property information with market context.
This duplex offers two separate living units with distinct interior layouts. Unit 1 includes butcher block counters, newer vinyl plank flooring, and spacious living areas. Unit 2 features a large living room and a breakfast nook. The property also provides a shared backyard and a large, covered carport for all units.
Located at 490 S Averett Ave in Springville, UT 84663, the home is described as being near shopping and schools.
The property is being offered for sale and is noted as subject to a 1031 tax-free exchange.
Located at 490 S Averett Ave in Springville, UT 84663, the home is described as being near shopping and schools.
The property is being offered for sale and is noted as subject to a 1031 tax-free exchange.
Key Highlights
- Two‑unit duplex built in 1955 with a shared backyard and a large, covered carport
- Unit 1 includes butcher block counters and newer vinyl plank flooring
- Unit 1 has huge living spaces
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $48.4k | $13.80 |
| − Vacancy | −$2.2k | −$0.62 |
| EGI | $46.2k | $13.18 |
| − OpEx | −$13.9k | −$3.95 |
| NOI | $32.3k | $9.23 |
3,504 SF · lease $13.80/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$461.8K
$404.1K – $538.8K
NOI $32,325 @ 7.0% cap · market cap 5.13%
Second Best
Apartment 5plus
$424.6K
$371.5K – $495.4K
NOI $29,722 @ 7.0% cap · market cap 4.72%
Theoretical Best
Office A
$965.9K
$845.2K – $1.13M
NOI $67,613 @ 7.0% cap · market cap 10.73%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Duplex - Two-unit duplex with shared backyard and covered carport, featuring updated finishes in one unit.
Where is this duplex located?
The property is located at 490 S AVERETT AVE Springville, UT.
What is the asking price?
The asking price for this property is $630,000.
What are key features of this property?
This property features: Two‑unit duplex built in 1955 with a shared backyard and a large, covered carport; Unit 1 includes butcher block counters and newer vinyl plank flooring; Unit 1 has huge living spaces
