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
$2,100,000
251 E 300 S, Springville, UT 84663
12beds
12baths
8,957sqft
Multi Family
Built in 1914
-- sqft lot
$1,932,000 Zestimate®
$234/sqft
$-- HOA
What's special
One studio apartment
- 129 days |
- 189 |
- 7 |
Zillow last checked:
Listing updated:
Listed by:
Stephanie Lewis 801-592-2558,
Equity Real Estate (Results)
Source: UtahRealEstate.com,MLS#: 2151603
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
$1,932,000
$1.84M - $2.03M
$1,251/mo
Price history
| Date | Event | Price |
|---|---|---|
| 4/17/2026 | Price change | $2,100,000+68%$234/sqft |
Source:  UtahRealEstate.com #2151603 Report a problem | ||
| 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
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.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.
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A local agent can set up tours, give advice and negotiate with sellers.
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