This is an excellent investment opportunity providing significant immediate cashflow. This 12-unit historic apartment building features eleven 1-bedroom units and one studio apartment, as well as 12 large onsite storage units, producing current monthly income of $12,650. Located in the heart of Springville, this property has consistent occupancy history and high rental demand when units become available. This is an opportunity to acquire a stabilized building in a core location with reliable day-one income and straightforward management. Seller is willing to finance 75% of the purchase price at 3.99% for 3 years.
For sale
Price increase: $850K (4/17)
$2,100,000
251 E 300 S, Springville, UT 84663
12beds
12baths
8,957sqft
Multi Family
Built in 1914
-- sqft lot
$1,960,500 Zestimate®
$234/sqft
$-- HOA
What's special
One studio apartment
- 73 days |
- 219 |
- 8 |
Zillow last checked:
Listing updated:
Listed by:
Stephanie Lewis 801-592-2558,
Equity Real Estate (Results)
Source: UtahRealEstate.com,MLS#: 2151603
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Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 12
- Bathrooms: 12
Features
- Has fireplace: No
Interior area
- Total structure area: 8,957
- Total interior livable area: 8,957 sqft
Property
Features
- Levels: Three Or More
Lot
- Size: 0.6 Acres
Details
- Parcel number: 060150003
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Condition
- Blt./Standing
- New construction: No
- Year built: 1914
Community & HOA
HOA
- Has HOA: No
Location
- Region: Springville
Financial & listing details
- Price per square foot: $234/sqft
- Annual tax amount: $7,931
- Date on market: 4/12/2026
- Acres allowed for irrigation: 0
Estimated market value
$1,960,500
$1.86M - $2.06M
$1,325/mo
Price history
| Date | Event | Price |
|---|---|---|
| 4/17/2026 | Price change | $2,100,000+68%$234/sqft |
Source: | ||
| 6/5/2020 | Price change | $1,250,000-2%$140/sqft |
Source: Berkshire Hathaway HomeServices Utah - Salt Lake #1676697 Report a problem | ||
| 5/26/2020 | Listed for sale | $1,275,000+23.8%$142/sqft |
Source: Berkshire Hathaway HomeServices Utah - Salt Lake #1676697 Report a problem | ||
| 5/28/2019 | Listing removed | $1,030,000$115/sqft |
Source: Carrie Harris Realty, LLC #1601135 Report a problem | ||
| 5/15/2019 | Listed for sale | $1,030,000$115/sqft |
Source: Carrie Harris Realty, LLC #1601135 Report a problem | ||
| 9/21/2018 | Listing removed | $600 |
Source: Zillow Rental Manager Report a problem | ||
| 9/11/2018 | Listed for rent | $600+9.1% |
Source: Zillow Rental Manager Report a problem | ||
| 10/27/2017 | Listing removed | $550 |
Source: Zillow Rental Manager Report a problem | ||
| 10/13/2017 | Price change | $550-12% |
Source: Zillow Rental Manager Report a problem | ||
| 10/11/2017 | Listed for rent | $625 |
Source: Zillow Rental Manager Report a problem | ||
| 8/11/2017 | Listing removed | $625 |
Source: Zillow Rental Manager Report a problem | ||
| 8/8/2017 | Listed for rent | $625 |
Source: Zillow Rental Manager Report a problem | ||
| 6/28/2017 | Listing removed | $625 |
Source: Zillow Rental Manager Report a problem | ||
| 5/26/2017 | Listed for rent | $625 |
Source: Zillow Rental Manager Report a problem | ||
Public tax history
Tax history is unavailable.
Monthly payment
Est. payment$--/mo
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
See how much you could borrow to make a competitive offer.
Climate risks
Neighborhood: 84663
Nearby schools
GreatSchools rating
- 7/10Cherry Creek SchoolGrades: PK-6Distance: 0.2 mi
- 7/10Spring Canyon MiddleGrades: 6-8Distance: 0.9 mi
- 8/10Springville High SchoolGrades: 6-12Distance: 1.1 mi
Schools provided by the listing agent
- Elementary: None/Other
- Middle: None/Other
- High: None/Other
Source: UtahRealEstate.com. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
A local agent can set up tours, give advice and negotiate with sellers.
- Utah
- Utah County
- Springville
- 84663
- 251 E 300 S






