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414 E 500 S, American Fork, UT 84003
$725,000
414 E 500 S, American Fork, UT 84003
Type
SFR
List Price
$725,000
Price/Sqft
$278
Est Gross Yield
4.1%
$29,676/yr est.
Property Details
Description
Rare 0.66-acre multi-family compound in American Fork! Perfect for multi-generational living, house-hackers, or investors, this property sits on an expansive lot with lush landscaping and an automatic sprinkler system. Potential for as little as 5% down conventional or 3.5% down FHA (buyer to verify eligibility with lender). Home features a 5-bedroom, 4-bathroom layout with recent 2021 updates throughout. The floor plan is split into a 3-bedroom, 2-bathroom upper residence and a completely separate 2-bedroom, 2-bathroom lower suite with independent private entrances and zero shared interior connections. In the backyard is a custom 2-story detached accessory building currently configured as a private remote office on top and a fitness gym on the bottom, which are fully equipped with individual mini-split HVAC units. An additional large greenhouse shed also has its own mini-split HVAC. The yard boasts a well-built custom deck overlooking a partially inground pool setup, fruit trees, berry bushes, gardening space, and grow boxes. A well-built custom deck overlooks the partially inground pool setup. Includes 1/2 water share. Parking includes a 2-car garage, 2-car carport with an additional uncovered space, gravel RV parking, and ample gravel parking. As a bonus, the property carries flexible multi-family zoning with the potential to construct an attached third unit on-site. Conveniently located 2 minutes from I-15, providing rapid commuter access to the point of the mountain, Thanksgiving Point, UVU, and more. A full-price offer may include the 75" 4k tv, power lifting squat rack, all upstairs appliances, and detached office and gym standing desks. Cross-listed under Multi-Family MLS #2186355. Seller is a licensed real estate agent in the state of 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
2.72%
Cash-on-Cash
-5.21%
Cash Flow
-$1,181/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 9/26/2026, 3:15:54 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.