Two-Unit Duplex with Covered
490 S AVERETT Ave, Springville, UT 84663
New
MULTI_FAMILY - Other - Springville, UT
Property size:
3,504 SFLot size:
0.19 AcresPrice / SF:
$179/SF- Added:
- Jul 7, 2026
- Days on Market:
- 2
- Last Refresh:
- Jul 8 at 1:06 pm
Property Features for 490 S AVERETT Ave
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- Multi-Family
- Bedrooms
- 7
- Bathrooms
- 3
- Rooms
- Bathroom 3, Bedroom 5, Bedroom 7, Bedroom 1, Bedroom 6, Bedroom 3, Bathroom 2, Bathroom 1, Bedroom 2, Bedroom 4
- Parking
- 10
- Parking features
- Covered
- Window features
- Blinds, Drapes
- Interior features
- Alarm: Fire, Disposal, Kitchen: Updated, Range/Oven: Free Stdng., Dishwasher: Built-In
- Exterior features
- Basement Entrance, Double Pane Windows, Entry (Foyer), Out Buildings
- Standard status
- Active
- APN
- 23-044-0144
- Size
- 3,504 SF
- Lot size
- 0.19 Acres
Taxes and HOA fees
- Tax Annual Amount
- 2668
Utilities
- Sewer type
- Public Sewer
- Heating system
- Natural Gas, Central
Building Details
- Year built
- 1955
- Floors in Building
- 1
- Number of units
- 2
- Flooring type
- Carpet, Laminate
- Building materials
- Brick
- Roof type
- Asphalt
- Architectural style
- Other
Listing agent Christine Alleman (801) 222-9449
Listing office Alliance Real Estate, PLLC 1800 S State St #2, Orem, UT (801) 222-9449
Listing date Jul 7, 2026
MLS# 2170180
Copyright © 2026 UtahRealEstate.com. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Brick duplex built in 1955 with central natural gas heating and asphalt roof
- Shared backyard plus a large covered carport for all units
- Unit 1: updated kitchen with butcher block counters and newer vinyl plank flooring
- Unit 2: large living room with breakfast nook
- Double pane windows and basement entrance, plus outbuildings
- Public sewer; includes fire alarm, built‑in dishwasher, and free standing range/oven
Overview
This for-sale duplex is configured as two separate units with a shared outdoor space. Unit 1 includes butcher block counters and newer vinyl plank flooring, along with notably large living areas. Unit 2 features a large living room and a breakfast nook. The property sits on a 0.19-acre lot and totals 3,504 square feet, with a large covered carport intended to serve all units, plus a shared backyard for tenant use. Zoning is listed as Multi-Family.
Located at 490 S Averett Ave in Springville, Utah 84663, the home is described as being near shopping and schools, supporting everyday convenience for residents. It is offered in a 1031 exchange context, as noted in the listing remarks.
For buyers or operators seeking a straightforward two-unit rental setup, this property provides a practical duplex layout with defined unit interiors, a shared backyard, and covered parking. The unit-level finishes called out in the listing—such as butcher block counters, newer vinyl plank flooring, and the breakfast nook—may help simplify leasing and resident experience while maintaining a manageable scale for oversight. The offering is subject to the stated 1031 tax-free exchange condition.
Located at 490 S Averett Ave in Springville, Utah 84663, the home is described as being near shopping and schools, supporting everyday convenience for residents. It is offered in a 1031 exchange context, as noted in the listing remarks.
For buyers or operators seeking a straightforward two-unit rental setup, this property provides a practical duplex layout with defined unit interiors, a shared backyard, and covered parking. The unit-level finishes called out in the listing—such as butcher block counters, newer vinyl plank flooring, and the breakfast nook—may help simplify leasing and resident experience while maintaining a manageable scale for oversight. The offering is subject to the stated 1031 tax-free exchange condition.
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 Profile
Location Intelligence
Current Use by Public Records
Duplexes
Location Insight
- Map
- Local Demand
- City
- Springville
- County
- Utah
- State
- Utah
- Longitude
- -111.5996673
- Latitude
- 40.1598286
Nearby Similar for Sale
FAQs
What type of property is this?
Duplex - Duplex offering two distinct interiors, butcher-block counters, newer vinyl plank flooring, and a shared backyard.
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: Brick duplex built in 1955 with central natural gas heating and asphalt roof; Shared backyard plus a large covered carport for all units; Unit 1: updated kitchen with butcher block counters and newer vinyl plank flooring
