Utah County Rental Property Sales Comps – Q4 2018

Q4 2018 sales comparables for 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.)

Q4 2018 Sales Comp Averages

Q4 2018 – Duplexes

Avg. DOM: 35
Avg. Price: $341,490
Avg. Rent/mo.: $1,875
Avg. GRM: 15.0
Avg. CAP Rate: 4.06%
Avg. $/Unit: $170,745
Avg. $/Bed: $74,448
Avg. SF: 2,278
Avg. $/SF: $156

Q4 2018 – Triplexes

Avg. DOM: 16
Avg. Price: $375,000
Avg. Rent/mo.: $2,143
Avg. GRM: 12.76
Avg. CAP Rate: 4.43%
Avg. $/Unit: $125,000
Avg. $/Bed: $59,712
Avg. SF: 2,915/td>
Avg. $/SF: $139

Q4 2018 – 4-plexes (older)

Avg. DOM: 57
Avg. Price: $507,900
Avg. Rent/mo.: $3,130
Avg. GRM: 14.0
Avg. CAP Rate: 4.80%
Avg. $/Unit: $126,975
Avg. $/Bed: $63,488
Avg. SF: 3,208
Avg. $/SF: $158

Q4 2018 – 4-plexes (new const)

Avg. DOM: 18
Avg. Price: $847,500
Avg. Rent/mo.: $5,460
Avg. GRM: 12.9
Avg. CAP Rate: 5.03%
Avg. $/Unit: $211,875
Avg. $/Bed: $70,625
Avg. SF: 6,574
Avg. $/SF: $129

Q4 2018 – Apt. Complexes

Avg. DOM: 51
Avg. Price: $780,000
Avg. Rent/mo.: $4,745
Avg. GRM: 14.0
Avg. CAP Rate: 4.61%
Avg. $/Unit: $111,707
Avg. $/Bed: $94,199
Avg. SF: 4,442
Avg. $/SF: $207

339 S 600 W, Provo, UT 84601 (Apartment)

339 S 600 W Provo

Sold: 10/01/2018 CAP Rate: 5.50%
Price: $995,000 # Units: 11
DOM: 17 $/Unit: $90,455
Year Built: 1970 $/Bed: $90,455
Rent: $7,019 SF: 6522
GRM: 11.81 $/SF: $153

442 N 200 E Provo, UT 84606 (Apartment)

442 N 200 E Provo Utah Apartment

Sold: 10/01/2018 CAP Rate:4.26%
Price: $730,000 # Units: 6
DOM: 101 $/Unit: $121,667
Year Built: 1928 $/Bed: $104,286
Rent: $3,990 SF: 4878
GRM: 15.25 $/SF: $150

709 E 150 S Provo, UT 84606 (Duplex)

709 E 150 S Provo Ut

Sold: 10/02/2018 CAP Rate: 3.44%
Price: $339,900 # Units: 2
DOM: 99 $/Unit: $169,950
Year Built: 1943 $/Bed: $67,980
Rent: $1,500 SF: 2278
GRM: 18.88 $/SF: $149

2156 Dakota Ave, Provo, UT 84606 (4-plex)

2156 Dakota Ave 4plex

Sold: 10/04/2018 CAP Rate: 4.95%
Price: $529,900 # Units: 4
DOM: 13 $/Unit: $132,475
Year Built: 1978 $/Bed: $66,238
Rent: $3,360 SF: 3152
GRM: 13.14 $/SF: $168

390 E Center St, Spanish Fork, UT 84660 (Triplex)

390 E Center Street Spanish Fork UT

Sold: 10/04/2018 CAP Rate: 3.23%
Price: $350,000 # Units:3
DOM: 34 $/Unit: $116,667
Year Built: 1913 $/Bed: $58,333
Rent: $1,450 SF: 3988
GRM: 20.11 $/SF: $88

135 West 200 South, Springville, UT 84663 (Triplex)

135 W 200 S Springville Ut

Sold: 10/05/2018 CAP Rate: 5.14%
Price: $345,000 # Units: 3
DOM: 7 $/Unit: $115,000
Year Built: 1938 $/Bed: $49,286
Rent: $2,275 SF: 1984
GRM: 12.64 $/SF: $174

953 West 675 North, Orem, UT 84057 (Duplex)

953 W 675 N Orem Ut

Sold: 10/05/2018 CAP Rate: 4.37%
Price: $330,000 # Units: 2
DOM: 11 $/Unit: $165,000
Year Built: 1976 $/Bed: $82,500
Rent: $1,850 SF: 1920
GRM: 14.86 $/SF: $172

1117 West 300 North, Provo, UT 84601 (Duplex)

1117 W 300 N Provo Ut

Sold: 10/09/2018 CAP Rate: 5.02%
Price: $279,900 # Units: 2
DOM: 107 $/Unit: $139,950
Year Built: 1965 $/Bed: $69,975
Rent: $1,800 SF: 1850
GRM: 12.96 $/SF: $151

784 W Heather Ln, Provo, UT 84601 (4-plex)

784 W Heather Lane Provo Ut

Sold: 10/11/2018 CAP Rate: 4.66%
Price: $485,900 # Units: 4
DOM: 100 $/Unit: $121,475
Year Built: 1978 $/Bed: $60,738
Rent: $2,900 SF: 3,264
GRM: 13.96 $/SF: $149

802 S 500 W, Provo, UT 84601 (Duplex)

802 S 500 W Provo Ut

Sold: 10/11/2018 CAP Rate: 3.92%
Price: $235,000 # Units: 2
DOM: 4 $/Unit: $117,500
Year Built: 1942 $/Bed: $58,750
Rent: $1,180 SF: 1802
GRM: 16.60 $/SF: $130

876 South 50 East, Orem, UT (Duplex)

876 S 50 E Orem Ut

Sold: 10/11/2018 CAP Rate: 3.71%
Price: $420,000 # Units: 2
DOM: 4 $/Unit: $210,000
Year Built: 1975 $/Bed: $52,500
Rent: $2,000 SF: 3,868
GRM: 17.50 $/SF: $109

315 W Maple St, Mapleton, UT 84664 (Duplex)

315 W Maple Street Mapleton Ut

Sold: 10/12/2018 CAP Rate: 3.42%
Price: $388,000 # Units: 2
DOM: 49 $/Unit: $194,000
Year Built: 1968 $/Bed: $97,000
Rent: $1,700 SF: 1829
GRM: 19.02 $/SF: $212

1014 S Main St, Orem, UT 84058 (Duplex)

1014 S Main Street Orem UT

Sold: 10/12/2018 CAP Rate: N/A
Price: $180,000 # Units: 2
DOM: 41 $/Unit: $90,000
Year Built: 1975 $/Bed: $60,000
Rent: N/A SF: 1386
GRM: 14.80 $/SF: $130

129 North 1100 West, Provo, UT 84601 (Duplex)

129 N 1100 W Provo UT

Sold: 10/15/2018 CAP Rate: 4.39%
Price: $355,230 # Units: 2
DOM: 2 $/Unit: $177,615
Year Built: 1973 $/Bed: $59,205
Rent: $2,000 SF: 3350
GRM: 14.80 $/SF: $106

663 North 970 West, Provo, UT 84601 (Duplex)

663 N 970 W Provo UT

Sold: 10/15/2018 CAP Rate: 3.96%
Price: $315,000 # Units: 2
DOM: 36 $/Unit: $157,500
Year Built: 1937 $/Bed: $63,000
Rent: $1,600 SF: 2116
GRM: 16.41 $/SF: $149

1243 East 520 South, Provo, UT 84606 (Duplex)

1243 E 520 S Provo UT

Sold: 10/15/2018 CAP Rate: 4.11%
Price: $274,900 # Units: 2
DOM: 5 $/Unit: $137,450
Year Built: 1944 $/Bed: $54,980
Rent: $1,450 SF: 1600
GRM: 15.80 $/SF: $172

230 South 600 East, Provo, UT 84606 (Duplex)

230 S 600 E Provo UT

Sold: 10/16/2018 CAP Rate: 4.82%
Price: $293,000 # Units: 2
DOM: 45 $/Unit: $146,500
Year Built: 1975 $/Bed: $73,250
Rent: $1,810 SF: 1644
GRM: 13.49 $/SF: $178

331 East 100 North, Spanish Fork, UT 84660 (Duplex)

331 E 100 N Spanish Fork UT

Sold: 10/17/2018 CAP Rate: 4.44%
Price: $510,000 # Units: 2
DOM: 57 $/Unit: $255,000
Year Built: 1993 $/Bed: $85,000
Rent: $2,900 SF: 4404
GRM: 14.66 $/SF: $116

1040 W Columbian Ln #1740, Provo, UT 84604 (Duplex)

1040 W Columbia Ln #1740 Provo UT

Sold: 10/22/2018 CAP Rate: 5.03%
Price: $310,000 # Units: 2
DOM: 57 $/Unit: $155,000
Year Built: 1916 $/Bed: $62,000
Rent: $2,000 SF: 2020
GRM: 12.92 $/SF: $153

1088 West 400 South, Orem, UT (Duplex)

1088 W 400 S Orem UT

Sold: 10/23/2018 CAP Rate: 5.01%
Price: $350,000 # Units: 2
DOM: 0 $/Unit: $175,000
Year Built: 1955 $/Bed: $70,000
Rent: $2,250 SF: 2868
GRM: 12.96 $/SF: $122

415 East 1070 South, Orem, UT 84097 (Duplex)

415 E 1075 S Orem UT

Sold: 10/23/2018 CAP Rate: 4.88%
Price: $351,798 # Units: 2
DOM: 26 $/Unit: $175,899
Year Built: 1958 $/Bed: $70,360
Rent: $2,200 SF: 2444
GRM: 13.33 $/SF: $144

533 North 100 West, Provo, UT 84601 (Duplex)

533 N 100 W Provo UT

Sold: 10/23/2018 CAP Rate: 4.51%
Price: $320,000 # Units: 2
DOM: 24 $/Unit: $160,000
Year Built: 1936 $/Bed: $64,000
Rent: $1,850 SF: 2016
GRM: 14.41 $/SF: $159

137 East 600 North, Provo, UT 84606 (Duplex)

137 E 600 N Provo UT

Sold: 10/25/2018 CAP Rate: 4.32%
Price: $358,000 # Units: 2
DOM: 19 $/Unit: $179,000
Year Built: 1928 $/Bed: $119,333
Rent: $1,985 SF: 2378
GRM: 15.03 $/SF: $151

125 East 600 North, Provo, UT 84606 (Duplex)

125 E 600 N Provo UT

Sold: 10/25/2018 CAP Rate: 4.15%
Price: $329,900 # Units: 2
DOM: 19 $/Unit: $164,950
Year Built: 1932 $/Bed: $109,967
Rent: $1,755 SF: 2378
GRM: 15.66 $/SF: $139

643 North 800 East, Spanish Fork, UT 84660 (Spanish Fork)

643 N 800 E Spanish Fork, UT Duplex

Sold: 11/08/2018 CAP Rate: N/A
Price: $390,000 # Units: 2
DOM: 3 $/Unit: $195,000
Year Built: 1996 $/Bed: $65,000
Rent: N/A SF: 2527
GRM: N/A $/SF: $154

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

255 N 800 W Provo UT

Sold: 11/12/2018 CAP Rate: N/A
Price: $306,500 # Units: 2
DOM: 91 $/Unit: $153,250
Year Built: 1938 $/Bed: $102,167
Rent: N/A SF: 1938
GRM: N/A $/SF: $158

459 North 600 East, Provo, UT 84606 (Tri-plex)

459 N 600 E Provo UT

Sold: 11/13/2018 CAP Rate: 4.90%
Price: $430,000 # Units: 2
DOM: 8 $/Unit: $143,333
Year Built: 1920 $/Bed: $71,667
Rent: $2,703 SF: 2772
GRM: 13.26 $/SF: $155

657 E 420 N, Provo, UT 84606 (Duplex)

657 N 420 E Provo UT

Sold: 11/13/2018 CAP Rate: 4.12%
Price: $350,000 # Units: 2
DOM: 8 $/Unit: $175,000
Year Built: 1922 $/Bed: $87,500
Rent: $1,850 SF: 1370
GRM: 15.77 $/SF: $255

57 S 900 W, Orem, UT 84601 (Duplex)

57 S 900 W Provo UT Duplex

Sold: 11/13/2018 CAP Rate: 5.20%
Price: $255,000 # Units: 2
DOM: 66 $/Unit: $127,500
Year Built: 1920 $/Bed: $63,750
Rent: $1,700 SF: 1924
GRM: 12.50 $/SF: $133

693 N 160 E, Vineyard, UT 84058 (4-plex)

693 N 160 E Vineyard UT 4plex

Sold: 11/14/2018 CAP Rate: 5.04%
Price: $845,000 # Units: 4
DOM: 36 $/Unit: $211,250
Year Built: 2017 $/Bed: $70,417
Rent: $5,460 SF: 6,396
GRM: 12.90 $/SF: $132

4066 E Sunbury Ln, Eagle Mountain, UT 84005 (4-plex)

4066 Sunbury Lane Eagle Mountain 4-plex

Sold: 11/14/2018 CAP Rate: N/A
Price: $850,000 # Units: 4
DOM: 0 $/Unit: $212,500
Year Built: 1975 $/Bed: $70,833
Rent: N/A SF: 6752
GRM: N/A $/SF: $126

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

132 E 500 N Provo UT

Sold: 11/15/2018 CAP Rate: 4.04%
Price: $477,000 # Units: 2
DOM: 34 $/Unit: $238,500
Year Built: 1926 $/Bed: $79,500
Rent: $0,000 SF: 2000
GRM: 00.00 $/SF: $000

757 East 700 North, Provo, UT 84606 (Apartment)

757 E 700 N Provo UT Apartment

Sold: 11/16/2018 CAP Rate: 4.09%
Price: $615,000 # Units: 2
DOM: 35 $/Unit: $123,000
Year Built: 1949 $/Bed: $87,857
Rent: $3,225 SF: 1927
GRM: 15.89 $/SF: $319

231 South 100 East, Provo, UT 84606 (Duplex)

231 S 100 E Provo UT

Sold: 11/19/2018 CAP Rate: 4.49%
Price: $378,000 # Units: 2
DOM: 6 $/Unit: $189,000
Year Built: 1914 $/Bed: $75,600
Rent: $2,175 SF: 2462
GRM:14.48 $/SF: $154

307 S 300 W St, Provo, UT 84601 (Duplex)

307 S 300 W Provo UT

Sold: 11/20/2018 CAP Rate: 4.57%
Price: $341,000 # Units: 2
DOM: 51 $/Unit: $170,500
Year Built: 1923 $/Bed: $68,200
Rent: $2,000 SF: 1800
GRM: 14.21 $/SF: $189

170 E 300 N, Provo, UT 84606 (Duplex)

170 E 300 N Provo UT Duplex

Sold: 11/30/2018 CAP Rate: 3.85%
Price: $344,000 # Units: 2
DOM: 15 $/Unit: $172,000
Year Built: 1926 $/Bed: $86,000
Rent: $1,700 SF: 2436
GRM: 16.86 $/SF: $141

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

570 E 500 N Provo UT Duplex

Sold: 12/04/2018 CAP Rate: 5.61%
Price: $438,100 # Units: 2
DOM: 73 $/Unit: $219,050<
Year Built: 1940 $/Bed: $62,586
Rent: $3,150 SF: 2701
GRM: 11.59 $/SF: $162

828 E 550 S, American Fork, UT 84003

828 E 550 S American Fork UT

Sold: 12/4/2018 CAP Rate: 5.4%
Price: $860,000 # Units: 4
DOM: 1 $/Unit: 215,000 $000,000
Year Built: 2018 $/Bed: $87,500
Rent: $5,950 SF: 6453
GRM: 15.77 $/SF: $255

1146 S 50 E, Orem, UT 84058

1146 S 550 E Orem UT

Sold: 12/12/2018 CAP Rate: 4.91%
Price: $480,000 # Units: 4
DOM: 0 $/Unit: $120,000 $000,000
Year Built: 1966 $/Bed: $60,000
Rent: $3,019 SF: 3962
GRM: 13.25 $/SF: $121

268 N 700 E, Springville, UT 84663

268 N 700 E Springville UT

Sold: 12/13/2018 CAP Rate: 0.00%
Price: $399,900 # Units: 2
DOM: 3 $/Unit: $199,950
Year Built: 1994 $/Bed: $66,650
Rent: $2,175 SF: 2620
GRM: 15.32 $/SF: $121

265 E 200 S, American Fork, UT 84003

265 E 200 S American Fork Duplex

Sold: 12/13/2018 CAP Rate: N/A
Price: $314,000 # Units: 2
DOM: 2 $/Unit: $157,000
Year Built: 1931 $/Bed: $78,500
Rent: N/A SF: 1860
GRM: N/A $/SF: $169

347 N 800 E, Springville, UT 84663

347 N 800 E Springville UT

Sold: 12/17/2018 CAP Rate: 3.90%
Price: $330,000 # Units: 2
DOM: 6 $/Unit: $165,000
Year Built: 1980 $/Bed: $55,000
Rent: $1,650 SF: 2310
GRM: 16.67 $/SF: $143

987 S 1060 E, Springville, UT 84663

987 E 1060 E Springville UT

Sold: 12/21/2018 CAP Rate: 0.00%
Price: $378,000 # Units: 2
DOM: 0 $/Unit: $189,000
Year Built: 1981 $/Bed: $63,000
Rent: $1,700 SF: 2520
GRM: 16.82 $/SF: $150

720 N 100 W, Provo, UT 84601

720 N 100 W Provo UT

Sold: 12/23/2018 CAP Rate: 3.86%
Price: $325,000 # Units: 2
DOM: 6 $/Unit: $162,500
Year Built: 1950 $/Bed: $81,250
Rent: $1,610 SF: 1996
GRM: 15.94 $/SF: $163

182 W 920 S, Provo, UT 84601

182 W 920 S Provo UT

Sold: 12/28/2018 CAP Rate: 0.00%
Price: $000,000 # Units: 2
DOM: 43 $/Unit: $000,000
Year Built: 1986 $/Bed: $00,000
Rent: $0,000 SF: 0000
GRM: 00.0 $/SF: $275
Stay up-to-date on the latest laws, regulations and industry news.
 

Featured Articles

Annual Housing Market Trends: 2017 in Review, 2018 Outlook

DOWNLOAD REPORT