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414 E 500 S, American Fork, UT 84003
$685,000
Reduced from $699,000 · 3 days ago
414 E 500 S, American Fork, UT 84003
Units
2
Price/Unit
$342,500
Price/Sqft
$262
Est Gross Yield
7.7%
$53,016/yr est.
Property Details
Unit Mix
| Type | Count | Beds | Baths | Sqft | Rent/Mo |
|---|---|---|---|---|---|
| 3BR / 2BA | 1 | 3 | 2 | 1,305 | — |
| Unit 2 | 1 | 0 | 2 | 1,305 | — |
| Total | 2 | 3 | 4 | 2,610 | — |
Unit mix data is reported by the seller or listing agent through the MLS and may be inaccurate or incomplete. Buyers should independently verify all information and conduct their own due diligence before making any investment decisions.
Description
Rare 0.66-acre property in American Fork! Perfect for multi-generational living, house-hackers, or investors. With 2021 updates throughout, the layout is split into a 3-bedroom, 2-bathroom upper unit and a separate 2-bedroom, 2-bathroom lower unit. The 2-story detached accessory building is currently configured as a private remote office on top and a gym on the bottom, each equipped with individual mini-split HVAC units. An additional large greenhouse shed also has its own mini-split HVAC. Property boasts a large backyard with lush landscaping and an automatic sprinkler system. The yard features a well-built custom deck overlooking a partially inground pool setup, fruit trees, berry bushes, gardening space, and grow boxes. Includes 1/2 water share. Parking includes 2-car garage, 2-car covered carport with additional uncovered space, extra gravel parking, and RV parking. Flexible zoning provides potential to construct an attached third unit on-site. Conveniently located 2 minutes from I-15. A full-price offer may include the 75" 4k tv, power lifting squat rack, all upstairs appliances, and detached office and gym standing desks. Potential for as little as 5% down conventional or 3.5% down FHA (buyer to verify eligibility with lender). Cross-listed under Residential MLS #2187671. Seller is a licensed agent in Utah. Buyer and buyer's agent to independently verify all information.
Listed by Jacob Gibson · Equity Real Estate (Utah)
Location
414 E 500 S, American Fork, UT 84003
Proforma
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Cap Rate
4.43%
Cash-on-Cash
-0.65%
Cash Flow
-$139/mo
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Pro forma estimates are based on assumptions, not guaranteed, and should not be relied upon.
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© 2026 UtahRealEstate.com. All rights reserved. Based on information from the Wasatch Front Regional Multiple Listing Service, Inc. as of 11/8/2026, 9:26:06 PM. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or the MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Listing data provided by UtahRealEstate.com.