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Remodeled Quadplex
For Sale
$1,095,000

77 N MAIN St W, Pleasant Grove, UT 84062

Residential, Pleasant Grove, UT

Property Size4,631 SF
Lot Size0.30 Acres
Price / SF$236.45
Days on Market64

Property Features for 77 N MAIN St W

General Information

Property type Residential Multi Family
Property subtype Quadruplex
Zoning Multi-Family
Zoning description R-1-8
Bedrooms 10
Bathrooms 4
Full bathrooms 4
Rooms Bedroom 2, Bedroom 1, Bedroom 7, Bedroom 8, Bedroom 4, Bathroom 3, Bathroom 4, Bathroom 2, Bedroom 9, Bedroom 5, Bedroom 6, Bedroom 3, Bathroom 1, Bedroom 10
Parking 6
Parking features Covered
Patio and Porch features Patio
Exterior features Basement Entrance, Patio: Covered
Lot features Fenced: Part, Road: Paved, Sidewalks, View: Mountain
Elementary school Central
Middle school Pleasant Grove
High school Pleasant Grove
Elementary school district Alpine
Middle school district Alpine
High school district Alpine
Subdivision Pl Grove; Lindon; Orem
Standard status Active
APN 03-039-0013
Size 4,631 SF
Lot size 0.30 Acres

Taxes and HOA fees

Tax Annual Amount 4134

Utilities

Sewer type Public Sewer
Heating system Natural Gas, Forced Air, Central

Building Details

Year built 1949
Number of units 4
Flooring type Carpet, Laminate
Building materials Brick
Roof type Asphalt
Listing Agency: REDFIN CORPORATION
Listed By: Daniel Lopez · License #9852622-SA00
Added: Aug 5 Changed: Sep 13 Last Checked: Oct 7 at 11:06AM
MLS# 2179390

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Investment Insights

Based on property information with market context.

This four-unit multifamily property contains 4,631 square feet and was built in 1949. The brick building includes 10 bedrooms and 4 bathrooms, with carpet and laminate flooring, natural-gas central forced-air heating, covered parking, a covered patio, and a basement entrance. Recent remodeling added modern finishes, while the asphalt roof and public sewer support the existing configuration.

The property is located at 77 N Main St W in Pleasant Grove, Utah, within the 84062 postal area. It sits on a 0.3-acre lot and carries Multi-Family zoning. Exterior and site features include brick construction, patio space, and covered parking.

Key Highlights

  • Four‑unit property with 4,631 square feet
  • 10 bedrooms and 4 bathrooms
  • 0.3‑acre lot with Multi‑Family zoning

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr
$42,722
Cap Rate
3.90%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$854,440 $854.4K
Cap Rate 7%
$610,314 $610.3K
Cap Rate 9%
$474,689 $474.7K
Market Conditions
NOI Build-Up for 4,631 SF
Gross rent
$63.9K $13.80/SF
− Vacancy
−$2.9K −$0.62/SF
EGI
$61.0K $13.18/SF
− OpEx
−$18.3K −$3.95/SF
NOI
$42.7K $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%
$854,440
Cap Rate 7%
$610,314
Cap Rate 9%
$474,689

Alternative Uses

Best Use
Multifamily LT 5
$610.3K
$534.0K – $712.0K (±1% cap)
NOI $42,722 @ 7.0% cap · market cap 3.90%
Second Best
Apartment 5plus
$561.2K
$491.0K – $654.7K (±1% cap)
NOI $39,282 @ 7.0% cap · market cap 3.59%
Theoretical Best
Office A
$1.28M
$1.12M – $1.49M (±1% cap)
NOI $89,360 @ 7.0% cap · market cap 8.16%
Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Quadplexes

Suggested Use

Top Pick Parking Lot & Garage Electrical Service Furniture & Home Goods (Bike/Boat/Book/etc) Store Florist Locksmith

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

4
Residential units

Location Intelligence

Trade Area within ½ mile

910
Businesses Nearby

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
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Frequently Asked Questions

What type of property is this?
Quadplex - Brick multifamily property with covered parking, central forced-air heating, and a covered patio.
Where is this quadplex located?
The property is located at 77 N MAIN St W Pleasant Grove, UT.
What is the asking price?
The asking price for this property is $1,095,000.
What are key features of this property?
This property features: Four‑unit property with 4,631 square feet; 10 bedrooms and 4 bathrooms; 0.3‑acre lot with Multi‑Family zoning
More about this property
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