Updated Duplex with
New
For Sale
$725,000
633 E 150 S, Pleasant Grove, UT 84062
Residential, Pleasant Grove, UT
Property Size3,360 SF
Lot Size0.18 Acres
Price / SF$215.77
Days on Market4
Property Features for 633 E 150 S
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
Single-Family, Multi-Fami
Bedrooms
10
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 9, Bedroom 1, Bathroom 2, Bathroom 1, Bedroom 2, Bedroom 6, Bedroom 7, Bedroom 3, Bedroom 4, Bathroom 4, Bathroom 3, Bedroom 5, Bedroom 8, Bedroom 10
Parking features
Covered
Window features
Drapes, Blinds
Patio and Porch features
Patio
Interior features
Alarm: Fire, Disposal, Floor Drains, Kitchen: Updated, Range/Oven: Free Stdng., Dishwasher: Built-In
Exterior features
Out Buildings, Lighting, Patio: Open
Subdivision
TIMP HEIGHTS
Lot features
Curb & Gutter, Fenced: Full, Road: Paved, Sidewalks
Elementary school
Central
Middle school
Pleasant Grove
High school
Pleasant Grove
Elementary school district
Alpine
Middle school district
Alpine
High school district
Alpine
Standard status
Active
APN
53-031-0006
Size
3,360 SF
Lot size
0.18 Acres
Taxes and HOA fees
Tax Annual Amount
2969
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating)
Amenities
fenced yard
patio
shed
Building Details
Year built
1973
Number of units
2
Flooring type
Tile, Carpet
Building materials
Brick
Roof type
Asphalt
Architectural style
Other
Listing Agency:
Equity Real Estate (Prosper Group)
(801) 999-8824
Listed By:
Beckie B Herring
(801) 427-1502
Added: Aug 24
Changed: Aug 26
Last Checked: Aug 27 at 6:06AM
MLS# 2180970
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Investment Insights
Based on property information with market context.
This duplex contains two residential units, each arranged with 5 bedrooms and 2 bathrooms, for a combined 3,360 square feet. Interior improvements include granite countertops, updated kitchens and bathrooms, luxury vinyl plank flooring, tile, carpet, a freestanding range/oven, built-in dishwasher, disposal, floor drains, and fire alarm service. The brick building was constructed in 1973 and uses electric heating.
The property occupies 0.18 acres at 633 E 150 S in Pleasant Grove, Utah. Exterior features include fenced yards, open patios, a shed, additional outbuildings, exterior lighting, and covered parking. Public sewer serves the property, and the zoning designation supports single-family and multifamily uses. Renters have occupied the property for more than 3 years.
The property occupies 0.18 acres at 633 E 150 S in Pleasant Grove, Utah. Exterior features include fenced yards, open patios, a shed, additional outbuildings, exterior lighting, and covered parking. Public sewer serves the property, and the zoning designation supports single-family and multifamily uses. Renters have occupied the property for more than 3 years.
Key Highlights
- Two‑unit duplex with 5 bedrooms and 2 bathrooms per side
- 3,360 square feet on a 0.18‑acre lot
- Updated kitchens and bathrooms with granite countertops
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
$30,997
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
4.28%
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%
$619,940
$619.9K
Cap Rate 7%
$442,814
$442.8K
Cap Rate 9%
$344,411
$344.4K
Market Conditions
NOI Build-Up for 3,360 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
$46.4K $13.80/SF
− Vacancy
−$2.1K −$0.62/SF
EGI
$44.3K $13.18/SF
− OpEx
−$13.3K −$3.95/SF
NOI
$31.0K $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 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%
$619,940
Cap Rate 7%
$442,814
Cap Rate 9%
$344,411
Alternative Uses
Best Use
Multifamily LT 5
$442.8K
$387.5K – $516.6K
NOI $30,997 @ 7.0% cap · market cap 4.28%
Second Best
Apartment 5plus
$407.2K
$356.3K – $475.0K
NOI $28,501 @ 7.0% cap · market cap 3.93%
Theoretical Best
Office A
$926.2K
$810.4K – $1.08M
NOI $64,835 @ 7.0% cap · market cap 8.94%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
402
Businesses Nearby
Explore this area
Business Placement
Demographics for 84062, UT
47,771
Population
14,649
Households
3.3
Avg Household Size
28
Median Age
43%
College-Educated
96%
High-School Grad
50.7 sq mi
ZIP Area
942
Density / Sq Mi
$101,584
Median Household Income
$41,079
Median Earnings
$1,617
Median Rent
$479,800
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?
Duplex - Two mirrored residential units feature refreshed kitchens, newer bathrooms, fenced outdoor areas, and covered parking.
Where is this duplex located?
The property is located at 633 E 150 S Pleasant Grove, UT.
What is the asking price?
The asking price for this property is $725,000.
What are key features of this property?
This property features: Two‑unit duplex with 5 bedrooms and 2 bathrooms per side; 3,360 square feet on a 0.18‑acre lot; Updated kitchens and bathrooms with granite countertops
