Updated Fourplex with Covered
For Sale
$874,999
67 N 200 E, Tremonton, UT 84337
Four-unit property combining newer construction, comprehensive updates, separate utility metering, and covered parking without an HOA.
Property Size5,058 SF
Price / SF$172.99
Days on Market21
Property Features for 67 N 200 E
General Information
Standard status
Active
Size
5,058 SF
Total Parking Spaces
4
Property subtype
Quadruplex
Additional Details
Multifamily Units
4
Amenities
air conditioning
Building Details
Building Size
5,058 SF
Year Built
1918
Buildings
2
Listing Agency:
Fusion Realty Group LLC
(385) 438-7500
Listed By:
Joshua Thorpe
(801) 547-1000
Source:
Liftrealty
Added: Sep 2
Changed: Sep 21
Last Checked: Sep 22 at 5:06PM
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 Fusion Realty Group LLC
Investment Insights
Based on property information with market context.
This fourplex at 67 N 200 E consists of two side-by-side duplex structures totaling approximately 5,058 square feet. Two units were constructed in 2021, while the other two received comprehensive remodeling in 2025. Unit sizes range from approximately 473 to 1,765 square feet, creating a varied layout across the property. All four units include air conditioning, and a new roof was completed in 2025.
Three units are occupied, with the remaining unit positioned for lease-up or owner occupancy. Separate gas and power meters serve the units, and tenants pay applicable utilities; the owner reports water expense of approximately $125 per month. The property includes four covered parking spaces and has no HOA. Shopping, services, and regional transportation access are located nearby.
Three units are occupied, with the remaining unit positioned for lease-up or owner occupancy. Separate gas and power meters serve the units, and tenants pay applicable utilities; the owner reports water expense of approximately $125 per month. The property includes four covered parking spaces and has no HOA. Shopping, services, and regional transportation access are located nearby.
Key Highlights
- Fourplex comprising two side‑by‑side duplex structures
- Approximately 5,058 square feet across four units
- Two units built in 2021; two comprehensively remodeled in 2025
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
$49,933
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
5.71%
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%
$998,660
$998.7K
Cap Rate 7%
$713,329
$713.3K
Cap Rate 9%
$554,811
$554.8K
Market Conditions
NOI Build-Up for 5,058 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
$75.9K $15.00/SF
− Vacancy
−$4.5K −$0.90/SF
EGI
$71.3K $14.10/SF
− OpEx
−$21.4K −$4.23/SF
NOI
$49.9K $9.87/SF
Area
Box Elder County, UT
Vacancy
5.98%
Lease Rate
$15.00 /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%
$998,660
Cap Rate 7%
$713,329
Cap Rate 9%
$554,811
Alternative Uses
Best Use
Multifamily LT 5
$713.3K
$624.2K – $832.2K
NOI $49,933 @ 7.0% cap · market cap 5.71%
Second Best
Apartment 5plus
$656.9K
$574.8K – $766.4K
NOI $45,981 @ 7.0% cap · market cap 5.25%
Theoretical Best
Office A
$1.31M
$1.15M – $1.53M
NOI $91,946 @ 7.0% cap · market cap 10.51%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
456
Businesses Nearby
Explore this area
Business Placement
Demographics for 84337, UT
13,880
Population
5,111
Households
2.7
Avg Household Size
29
Median Age
18%
College-Educated
91%
High-School Grad
167.6 sq mi
ZIP Area
83
Density / Sq Mi
$73,854
Median Household Income
$40,120
Median Earnings
$1,116
Median Rent
$357,300
Median Home Value
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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?
Quadplex - Four-unit property combining newer construction, comprehensive updates, separate utility metering, and covered parking without an HOA.
Where is this quadplex located?
The property is located at 67 N 200 E Tremonton, UT.
What is the asking price?
The asking price for this property is $874,999.
What are key features of this property?
This property features: Fourplex comprising two side‑by‑side duplex structures; Approximately 5,058 square feet across four units; Two units built in 2021; two comprehensively remodeled in 2025
