For sale

$860,000

424 E Elm St, American Fork, UT 84003

6beds

4baths

2,541sqft

$5,070/mo

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Quadruplex

Built in 1982

-- sqft lot

$826,000 Zestimate^®

$338/sqft

$-- HOA

What's special

Well-maintained, fully leased fourplex, Excellent investment opportunity on the heart of American Fork! This well-located fourplex offers strong rental potential with easy access to shopping, dining, schools, parks, and I-15. Unit 2 has been updated with new central A/C, fresh paint, and new carpet. The remaining three units have recently installed mini-split systems for efficient heating and cooling. Additional improvements include a new 100-gallon water heater, updated water lines throughout the building, and vinyl windows in every unit. Square footage per appraisal, buyer to verify.

23 days

324

16

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 6
Bathrooms: 4

Heating

Forced Air, Wall Furnace

Appliances

Included: Free-Standing Range
Laundry: Electric Dryer Hookup

Features

Flooring: Carpet, Hardwood, Tile
Windows: Blinds
Has fireplace: No

Interior area

Total structure area: 2,541
Total interior livable area: 2,541 sqft

Property

Parking

Total spaces: 8
Uncovered spaces: 8

Accessibility

Accessibility features: Single Level Living

Features

Levels: One
Fencing: Partial
Has view: Yes
View description: Mountain(s)

Lot

Size: 0.26 Acres
Features: Secluded, Sprinkler: Auto-Full
Topography: Terrain
Residential vegetation: Mature Trees

Details

Parcel number: 130550005
Zoning description: Commercial

Construction

Type & style

Home type: MultiFamily
Property subtype: Quadruplex
Attached to another structure: Yes

Materials

Aluminum Siding, Brick
Roof: Asphalt

Condition

Blt./Standing
New construction: No
Year built: 1982
Major remodel year: 2000

Utilities & green energy

Water: Culinary, Irrigation: Pressure
Utilities for property: Natural Gas Connected, Electricity Connected, Sewer Connected, Water Connected

Community & HOA

HOA

Has HOA: No

Location

Region: American Fork

Financial & listing details

Price per square foot: $338/sqft
Tax assessed value: $825,600
Annual tax amount: $3,500
Date on market: 8/3/2026
Listing terms: Cash,Conventional,FHA,VA Loan
Acres allowed for irrigation: 0
Electric utility on property: Yes

Estimated market value

$826,000

$785,000 - $867,000

$1,417/mo

Price history

Date	Event	Price
8/3/2026	Price change	$860,000+4.9%$338/sqft
Source: UtahRealEstate.com #2176112 Report a problem
12/12/2023	Pending sale	$820,000$323/sqft
Source: UtahRealEstate.com #1971102 Report a problem
12/12/2023	Listed for sale	$820,000+70.8%$323/sqft
Source: UtahRealEstate.com #1971102 Report a problem
1/2/2019	Listing removed	$480,000$189/sqft
Source: CENTURY 21 Everest #1556209 Report a problem
11/6/2018	Pending sale	$480,000$189/sqft
Source: CENTURY 21 Everest #1556209 Report a problem
10/31/2018	Listed for sale	$480,000$189/sqft
Source: CENTURY 21 Everest #1556209 Report a problem
10/5/2018	Pending sale	$480,000$189/sqft
Source: CENTURY 21 Everest #1556209 Report a problem
9/21/2018	Listed for sale	$480,000+30.1%$189/sqft
Source: CENTURY 21 Everest Realty Group #1556209 Report a problem
2/20/2015	Sold	--
Source: Agent Provided Report a problem
12/10/2014	Listed for sale	$369,000$145/sqft
Source: Signature Group Real Estate #1271606 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$3,967 +5.8%	$825,600 +9%
2024	$3,748 +7.1%	$757,100 +1%
2023	$3,500 +7.1%	$749,600 +8.5%
2022	$3,269 +11.7%	$690,900 +136.3%
2021	$2,927 +4.2%	$292,325 -40.9%
2020	$2,808 +11.2%	$494,500 +95.5%
2019	$2,525 +23%	$253,000 -36.8%
2018	$2,053 -12.5%	$400,000 +107.3%
2017	$2,348	$192,995 -5.9%
2016	$2,348 +4.4%	$205,040 +10%
2015	$2,249 +13.4%	$186,395 +15%
2014	$1,983	$162,085
2013	--	$162,085 +4.6%
2012	--	$154,935 -6.1%
2009	--	$165,000
2008	--	$165,000
2007	--	$165,000 +224.6%
2006	--	$50,830
2005	--	$50,830
2003	--	$50,830 -45%
2001	$544 +5.4%	$92,419 +99.2%
2000	$516	$46,401

Find assessor info on the county website

Monthly payment

Est. payment

Payment breakdown

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Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included

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.

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Climate risks

Neighborhood: 84003

Getting around

79 / 100

Very Walkable

31 / 100

Some Transit

58 / 100

Bikeable

Nearby schools

GreatSchools rating

5/10
Forbes School
Grades: K-6Distance: 0.6 mi
6/10
American Fork Jr High School
Grades: 7-9Distance: 1.8 mi
6/10
American Fork High School
Grades: 10-12Distance: 0.9 mi

Schools provided by the listing agent

Elementary: Greenwood
Middle: American Fork
High: American Fork
District: Alpine

Source: UtahRealEstate.com. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.