Utah County Rental Property Sales Comps – Q3 2018

2018 YTD sales comparables for single-family and multifamily housing investment properties in Utah County, UT. (New comps are add at the end of each month. CAP Rate calculated using a constant expense rate of 35% of annual rents.)

Q3 2018 Sales Comp Averages

Q3 2018 – Duplexes

Avg. DOM: 21
Avg. Price: $361,400
Avg. Rent/mo.: $2,248
Avg. GRM: 14.39
Avg. CAP Rate: 4.61%
Avg. $/Unit: $180,700
Avg. $/Bed: $69,613
Avg. SF: 2,406
Avg. $/SF: $157

Q3 2018 – Triplexes

Avg. DOM: 0
Avg. Price: $430,000
Avg. Rent/mo.: $2,450
Avg. GRM: 12.76
Avg. CAP Rate: 5.10%
Avg. $/Unit: $143,334
Avg. $/Bed: $67,813
Avg. SF: 2,686
Avg. $/SF: $160

Q3 2018 – 4-plexes (older)

Avg. DOM: 1
Avg. Price: $490,000
Avg. Rent/mo.: $2,985
Avg. GRM: 13.70
Avg. CAP Rate: 4.83%
Avg. $/Unit: $122,500
Avg. $/Bed: $61,250
Avg. SF: 3,875
Avg. $/SF: $132

Q3 2018 – 4-plexes (new const)

Avg. DOM: 26
Avg. Price: $849,000
Avg. Rent/mo.: $5,650
Avg. GRM: 12.47
Avg. CAP Rate: 5.22%
Avg. $/Unit: $212,250
Avg. $/Bed: $70,750
Avg. SF: 6,805
Avg. $/SF: $125

Q3 2018 – Apt. Complexes

Avg. DOM: 5
Avg. Price: $974,667
Avg. Rent/mo.: $6,862
Avg. GRM: 5.24%
Avg. CAP Rate: 4.61%
Avg. $/Unit: $136,722
Avg. $/Bed: $54,194
Avg. SF: 7,155
Avg. $/SF: $141

144 E 500 N, Provo, UT 84606 (Duplex)

Provo Duplex

Sold: 9/27/2018 CAP Rate: 5.20%
Price: $450,000 # Units: 2
DOM: 35 $/Unit: $225,000
Year Built: 1928 $/Bed: $90,000
Rent: $3,000 SF: 2456
GRM: 12.50 $/SF: $183

311 N 100 W, American Fork, UT 84003 (Duplex)

American Fork Duplex

Sold: 9/26/2018 CAP Rate: 3.79%
Price: $370,000 # Units: 2
DOM: 32 $/Unit: $185,000
Year Built: 1976 $/Bed: $74,000
Rent: $1,800 SF: 2244
GRM: 17.13 $/SF: $165

1925 S 520 E, Orem, UT 84058 (Duplex)

Orem Duplex

Sold: 9/24/2018 CAP Rate: 0.00%
Price: $401,300 # Units: 2
DOM: 5 $/Unit: $200,650
Year Built: 1978 $/Bed: $66,883
Rent: $2,200 SF: 2548
GRM: 15.20 $/SF: $157

519 E 700 S, Orem, UT 84097 (Duplex)

Orem Duplex

Sold: 9/24/2018 CAP Rate: N/A
Price: $340,000 # Units: 2
DOM: 6 $/Unit: $170,000
Year Built: 1951 $/Bed: $56,667
Rent: N/A SF: 2860
GRM: N/A $/SF: $119

959 S 1060 E, Springville, UT 84663 (Duplex)

Duplex Springville Utah

Sold: 9/21/2018 CAP Rate: 3.85%
Price: $365,000 # Units: 2
DOM: 2 $/Unit: $182,500
Year Built: 1984 $/Bed: $60,833
Rent: $1,800 SF: 2520
GRM: 16.90 $/SF: $145

372 E 500 N, Provo, UT 84606 (Duplex)

Provo Utah Duplex

Sold: 9/21/2018 CAP Rate: 4.42%
Price: $300,000 # Units: 2
DOM: 2 $/Unit: $150,000
Year Built: 1928 $/Bed: $75,000
Rent: $1,700 SF: 1839
GRM: 14.71 $/SF: $163

2042 N 650 W, Provo, UT 84604 (Duplex)

Provo Utah Duplex

Sold: 9/12/2018 CAP Rate: 5.87%
Price: $630,000 # Units: 2
DOM: 8 $/Unit: $315,000
Year Built: 1981 $/Bed: $52,500
Rent: $4,740 SF: 6006
GRM: 11.08 $/SF: $105

1731 N 450 W, Provo, UT 84604 (Duplex)

Provo Utah Duplex

Sold: 9/12/2018 CAP Rate: 6.01%
Price: $499,999 # Units: 2
DOM: 14 $/Unit: $250,000
Year Built: 1984 $/Bed: $50,000
Rent: $3,855 SF: 3428
GRM: 10.81 $/SF: $146

642 W 1925 N, Provo, UT 84604 (Duplex)

Provo Utah Duplex

Sold: 9/12/2018 CAP Rate: 5.83%
Price: $495,000 # Units: 2
DOM: 2 $/Unit: $247,500
Year Built: 1981 $/Bed: $49,500
Rent: $3,700 SF: 3304
GRM: 11.15 $/SF: $150

396 N Center St, American Fork, UT 84003 (Duplex)

396 N Center American Fork

Sold: 9/10/2018 CAP Rate: 4.76%
Price: $272,000 # Units: 2
DOM: 50 $/Unit: $136,000
Year Built: 1917 $/Bed: $90,667
Rent: $1,660 SF: 2021
GRM: 13.65 $/SF: $135

289 N 700 E, Provo, UT 84606 (Duplex)

Provo Utah Duplex

Sold: 9/10/2018 CAP Rate: N/A
Price: $257,000 # Units: 2
DOM: 39 $/Unit: $128,500
Year Built: 1911 $/Bed: $64,250
Rent: N/A SF: 1700
GRM: N/A $/SF: $151

303 E 100 N, Provo, UT 84606 (Duplex)

Provo Utah Duplex

Sold: 9/7/2018 CAP Rate: N/A
Price: $360,000 # Units: 2
DOM: 5 $/Unit: $180,000
Year Built: 1904 $/Bed: $90,000
Rent: $0,000 SF: 2068
GRM: N/A $/SF: $174

608 Swenson Ave, Springville, UT 84663 (Duplex)

Springville Utah Duplex

Sold: 8/31/2018 CAP Rate: 4.61%
Price: $347,000 # Units: 2
DOM: 4 $/Unit: $173,500
Year Built: 1975 $/Bed: $57,833
Rent: $2,050 SF: 2448
GRM: 14.11 $/SF: $142

982 W 600 S, Provo, UT 84601 (Duplex)

Provo Utah Duplex

Sold: 8/31/2018 CAP Rate: N/A
Price: $310,000 # Units: 2
DOM: 80 $/Unit: $155,000
Year Built: 1928 $/Bed: $77,500
Rent: N/A SF: 2014
GRM: N/A $/SF: $154

363 W 800 N, Provo, UT 84601 (Duplex)

Provo Utah Duplex

Sold: 8/29/2018 CAP Rate: N/A
Price: $348,500 # Units: 2
DOM: 63 $/Unit: $174,250
Year Built: 1943 $/Bed: $69,700
Rent: N/A SF: 2359
GRM: N/A $/SF: $148

2275 N 1060 W, Provo, UT 84604 (Duplex)

Provo Duplex

Sold: 8/28/2018 CAP Rate: 5.28%
Price: $325,000 # Units: 2
DOM: 2 $/Unit: $162,500
Year Built: 1968 $/Bed: $65,000
Rent: $2,200 SF: 2268
GRM: 12.31 $/SF: $143

616 N 700 E, Provo, UT 84606 (Duplex)

Provo Utah Duplex

Sold: 8/27/2018 CAP Rate: 4.27%
Price: $495,000 # Units: 2
DOM: 23 $/Unit: $247,500
Year Built: 1970 $/Bed: $61,875
Rent: $2,712 SF: 1924
GRM: 15.21 $/SF: $257

673 W 1800 N, Provo, UT 84604 (Duplex)

Provo Utah Duplex Comp

Sold: 8/24/2018 CAP Rate: 4.14%
Price: $320,000 # Units: 2
DOM: 39 $/Unit: $160,000
Year Built: 1977 $/Bed: $80,000
Rent: $1,700 SF: 2242
GRM: 15.69 $/SF: $143

595 W 1850 N, Provo, UT 84604 (Duplex)

595 W 1850 W Provo UT

Sold: 8/24/2018 CAP Rate: 4.54%
Price: $316,000 # Units: 2
DOM: 5 $/Unit: $158,000
Year Built: 1970 $/Bed: $79,000
Rent: $1,840 SF: 1750
GRM: 14.31 $/SF: $181

187 S 300 W, Springville, UT 84663 (Duplex)

187 S 300 W Springville UT

Sold: 8/22/2018 CAP Rate: 4.09%
Price: $315,000 # Units: 2
DOM: 8 $/Unit: $157,500
Year Built: 1978 $/Bed: $78,750
Rent: $1,650 SF: 1978
GRM: 15.91 $/SF: $159

191 S 300 W, Provo, UT 84601 (Duplex)

191 S 300 W Provo

Sold: 8/9/2018 CAP Rate: 3.77%
Price: $295,000 # Units: 2
DOM: 14 $/Unit: $147,500
Year Built: 1911 $/Bed: $98,333
Rent: $1,425 SF: 1148
GRM: 17.25 $/SF: $257

318 W 600 N, Lehi, UT 84043 (Duplex)

318 W 600 N Lehi UT

Sold: 8/2/2018 CAP Rate: 3.89%
Price: $392,000 # Units: 2
DOM: 3 $/Unit: $196,000
Year Built: 1978 $/Bed: $49,000
Rent: $1,955 SF: 3050
GRM: 16.71 $/SF: $129

65 N 300 E, Santaquin, UT 84655 (Duplex)

65 E 300 E Provo UT

Sold: 8/1/2018 CAP Rate: 3.90%
Price: $280,000 # Units: 2
DOM: 52 $/Unit: $140,000
Year Built: 1968 $/Bed: $70,000
Rent: $1,400 SF: 1998
GRM: 16.67 $/SF: $140

471 E 400 N, Provo, UT 84606 (Duplex)

471 E 400 N Provo UT

Sold: 7/31/2018 CAP Rate: 4.78%
Price: $310,000 # Units: 2
DOM: 5 $/Unit: $155,000
Year Built: 1905 $/Bed: $62,000
Rent: $1,900 SF: 2021
GRM: 13.60 $/SF: $153

680 W Lebon Cir, Provo, UT 84601 (Duplex)

680 W Lebon Circle Provo UT

Sold: 7/19/2018 CAP Rate: 4.68%
Price: $270,000 # Units: 2
DOM: 30 $/Unit: $135,000
Year Built: 1978 $/Bed: $67,500
Rent: $1,620 SF: 1900
GRM: 13.89 $/SF: $142

919 S 1060 E, Springville, UT 84663 (Duplex)

919 S 1060 E Springville UT

Sold: 0/0/0000 CAP Rate: 0.00%
Price: $000,000 # Units: 0
DOM: 0 $/Unit: $000,000
Year Built: 0000 $/Bed: $00,000
Rent: $0,000 SF: 0000
GRM: 00.0 $/SF: $000

587 W 1800 N, Provo, UT 84604 (Duplex)

587 W 1800 N Provo

Sold:7/9/2018 CAP Rate:N/A
Price:$325,000 # Units: 2
DOM: 5 $/Unit:$162,500
Year Built:1975 $/Bed:$81,250
Rent: N/A SF:2300
GRM:N/A $/SF:$141

748 E 550 S, Orem, UT 84097 (4-plex)

748 E 550 S American Fork UT

Sold: 7/4/2018 CAP Rate: N/A
Price: $860,000 # Units: 4
DOM: 0 $/Unit: $215,000
Year Built: 2017 $/Bed: $71,667
Rent: N/A SF: 6423
GRM: N/A $/SF: $134

842 E 550 S, American Fork, UT 84003 (4-plex)

842 E 550 S American Fork

Sold: 7/10/2018 CAP Rate: N/A
Price: $855,000 # Units: 4
DOM: 19 $/Unit: $213,750
Year Built: 2017 $/Bed: $71,250
Rent: N/A SF: 6423
GRM: 00.0 $/SF: $133

106 E 670 N, Vineyard, UT 84058 (4-plex)

106 E 670 N Vineyard UT

Sold: 7/18/2018 CAP Rate: 5.46%
Price: $840,000 # Units: 4
DOM: 6 $/Unit: $210,000
Year Built: 2018 $/Bed: $70,000
Rent: $5,880 SF: 7191
GRM: 11.90 $/SF: $117

95 E 670 N, Vineyard, UT 84058 (4-plex)

95 E 670 N Vineyard UT

Sold: 8/24/2018 CAP Rate: 5.17%
Price: $845,000 # Units: 4
DOM: 55 $/Unit: $211,250
Year Built: 2018 $/Bed: $70,417
Rent: $5,600 SF: 7191
GRM: 12.57 $/SF: $118

112 E 630 N, Vineyard, UT 84057 (4-plex)

112 E 630 N Vineyard UT

Sold: 9/5/2018 CAP Rate: 5.11%
Price: $855,000 # Units: 4
DOM: 0 $/Unit: $213,750
Year Built: 2017 $/Bed: $71,250
Rent: $5,600 SF: 7191
GRM: 12.72 $/SF: $119

197 E 700 N, Vineyard, UT 84058 (4-plex)

197 E 700 N Vineyard UT

Sold: 9/5/2018 CAP Rate: 5.13%
Price: $839,000 # Units: 4
DOM: 78 $/Unit: $209,750
Year Built: 2017 $/Bed: $69,917
Rent: $5,520 SF: 6396
GRM: 12.67 $/SF: $131

2153 S State St, Provo, UT 84606 (4-plex)

2153 S State St Provo UT

Sold: 8/31/2018 CAP Rate: 4.18%
Price: $550,000 # Units: 4
DOM: 0 $/Unit: $137,500
Year Built: 1977 $/Bed: $68,750
Rent: $2,950 SF: 3276
GRM: 15.54 $/SF: $168

593 E 100 S, Springville, UT 84663 (4-plex)

593 E 100 S Springville UT

Sold: 8/7/2018 CAP Rate: 5.48%
Price: $430,000 # Units: 4
DOM: 1 $/Unit: $107,500
Year Built: 1956 $/Bed: $53,750
Rent: $3,019 SF: 4474
GRM: 11.87 $/SF: $96

702 W Le Bon Cir, Provo, UT 84601 (4-plex)

702 Lebon Cir Provo UT

Sold: 7/2/2018 CAP Rate: 4.42%
Price: $474,000 # Units: 4
DOM: 7 $/Unit: $118,500
Year Built: 1956 $/Bed: $59,250
Rent: $2,685 SF: 4474
GRM: 14.71 $/SF: $148

836 S 500 E, Orem, UT 84097 (Triplex)

836 S 500 E Orem UT

Sold: 7/25/2018 CAP Rate: 5.10%
Price: $375,000 # Units: 3
DOM: 0 $/Unit: $125,000
Year Built: 1948 $/Bed: $75,000
Rent: $2,450 SF: 2532
GRM: 12.76 $/SF: $148

720 N 600 E, Provo, UT 84606 (Triplex)

720 N 600 E Provo UT

Sold: 8/29/2018 CAP Rate: 5.10%
Price: $485,000 # Units: 3
DOM: 0 $/Unit: $161,667
Year Built: 1947 $/Bed: $60,625
Rent: N/A SF: 2840
GRM: N/A $/SF: $171

340 E 600 N, Provo, UT 84606 (Apartment)

340 E 600 N Provo UT

Sold: 9/28/2018 CAP Rate: 5.33%
Price: $1,050,000 # Units: 6
DOM: 6 $/Unit: $175,000
Year Built: 1962 $/Bed: $70,000
Rent: $7,180 SF: 6919
GRM: 12.19 $/SF: $152

350 S 900 E, Provo, UT 84606 (Apartment)

350 S 900 E Provo UT

Sold: 10/18/2018 CAP Rate: 5.97%
Price: $1,400,000 # Units: 12
DOM: 5 $/Unit: $116,667
Year Built: 1964 $/Bed: $33,333
Rent: $10,720 SF: 11346
GRM: 10.88 $/SF: $123
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