Duplex With Private Storage
For Sale
$500,000
682 E 300 S, Spanish Fork, UT 84660
Two residential units offer matching layouts, updated mechanical features, and individual exterior storage.
Property Size1,998 SF
Price / SF$250.25
Days on Market75
Property Features for 682 E 300 S
General Information
Standard status
Active
Size
1,998 SF
Property subtype
Multi-Family
Units
Unit Mix
2 x 2BR/1.5BA
Multifamily Units
2
Amenities
storage shed
Building Details
Year Built
1974
Buildings
1
Listing Agency:
Equity Real Estate (Utah)
Listed By:
Kenny Parcell · License #5469176-BB00
(801) 794-7777
Source:
Redsign
Added: Jul 31
Changed: Oct 8
Last Checked: Oct 12 at 11:09PM
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 Equity Real Estate (Utah)
Investment Insights
Based on property information with market context.
This 1,998-square-foot duplex, built in 1974, contains two residential units with a consistent configuration of two bedrooms and one and a half bathrooms per unit. The property includes a newer roof and furnaces, along with a separate 12-by-12 storage shed assigned to each unit.
Located at 682 E 300 S in Spanish Fork, Utah, the property provides a straightforward multifamily layout with two comparable units and dedicated storage improvements.
Located at 682 E 300 S in Spanish Fork, Utah, the property provides a straightforward multifamily layout with two comparable units and dedicated storage improvements.
Key Highlights
- Two‑unit duplex with 1,998 square feet
- Each unit includes 2 bedrooms and 1.5 bathrooms
- Newer roof and furnaces
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,432
Cap Rate
3.69%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$368,640
$368.6K
Cap Rate 7%
$263,314
$263.3K
Cap Rate 9%
$204,800
$204.8K
Market Conditions
NOI Build-Up for 1,998 SF
Gross rent
$27.6K $13.80/SF
− Vacancy
−$1.2K −$0.62/SF
EGI
$26.3K $13.18/SF
− OpEx
−$7.9K −$3.95/SF
NOI
$18.4K $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%
$368,640
Cap Rate 7%
$263,314
Cap Rate 9%
$204,800
Alternative Uses
Best Use
Multifamily LT 5
$263.3K
$230.4K – $307.2K
NOI $18,432 @ 7.0% cap · market cap 3.69%
Second Best
Apartment 5plus
$242.1K
$211.9K – $282.5K
NOI $16,948 @ 7.0% cap · market cap 3.39%
Theoretical Best
Office A
$550.8K
$481.9K – $642.6K
NOI $38,553 @ 7.0% cap · market cap 7.71%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
466
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 - Two residential units offer matching layouts, updated mechanical features, and individual exterior storage.
Where is this duplex located?
The property is located at 682 E 300 S Spanish Fork, UT.
What is the asking price?
The asking price for this property is $500,000.
What are key features of this property?
This property features: Two‑unit duplex with 1,998 square feet; Each unit includes 2 bedrooms and 1.5 bathrooms; Newer roof and furnaces
