Accepting backup offers MLS# 2189137 · 41 days on the market
$1,700,000
It starts with a call with an agent.
28 W 300 S, Springville, UT 84663
About this home
Seller is motivated and has reduced the price. Making this rare opportunity more affordable to own "The Cottages" of Springville, Utah. 100% occupied, 12-unit property conveniently located just off Main Street in the heart of Springville, Utah. Springville is strategically located between southern Provo and Spanish Fork, providing a convenient base for residents who work, study, or spend time in the surrounding area. This parcel consists of 3 duplexes, 6 single family homes, 9 individual garages. 29 total bedrooms, 14 baths. With current gross rents over $11,300 per month, an attractive cap rate, and projected long-term returns, this property is ideally positioned for both immediate cash flow and appreciation. All leases are monthly, except two units, giving the new owner an opportunity to evaluate adjustments as leases allow since rents have not been increased in several years. Buyers should independently verify market rent potentials, garage rent potentials, pet rent potentials and review the current leases. All units come with washer, dryer, refrigerator, range, dishwasher, window AC unit. Excluded items: Tenant personal property including but not limited to all microwaves, all curtain rods and drapes, all ring doorbells, all cameras. Buyer to verify with city all possible uses of this property including but not limited to hotel/motel, short term rental, bed and breakfast Inn all uses are subject to city approval and buyer to verify. Seller has adjacent parcel for sale see MLS #2189099. Square footage figures are provided as a courtesy estimate only and were obtained from county records. Buyer is advised to obtain an independent measurement.
Written by the listing agent.
Location
Living in Springville
Springville is a city in Utah County, part of the Provo–Orem metropolitan area, with neighboring cities including Spanish Fork and Mapleton. Known as "Art City," Springville was settled in 1850 and incorporated in 1853.
- 35,268 residents (2020)
Monthly payment
- Principal & interest
- $9,420
- Property tax
- $695
- Home insurance
- $110
10% down ($170,000), 30-year fixed at 6.25%. Tax from the MLS record; insurance is an estimate. Not a loan offer.
Details
- Garage
- 9 cars
- Lot
- 0.52 acres
- Subdivision
- THE COTTAGES
- Parking
- Covered, Parking: Uncovered, Detached
- Heating
- Gas: Radiant
- Flooring
- Carpet, Tile
See all 14 details
- Roof
- Asbestos Shingle, Asphalt, Membrane
- Construction
- Brick, Cinder Block, Stucco
- Water
- Culinary
- Sewer
- Sewer: Connected
- Effective year built
- 2008
- County
- Utah
- Zoning
- Multi-Family
- Terms
- Cash, Conventional
- Kitchen: Updated
- Range/Oven: Free Stdng.
- Dishwasher: Built-In
- Porch: Open
- Patio: Open
- Curb & Gutter
- Fenced: Part
- Sidewalks
- View: Mountain
- Mountain(s)
See all 14 features
Interior
- Kitchen: Updated
- Range/Oven: Free Stdng.
- Dishwasher: Built-In
Exterior
- Porch: Open
- Patio: Open
Lot features
- Curb & Gutter
- Fenced: Part
- Sidewalks
- View: Mountain
View
- Mountain(s)
Utilities
- Natural Gas Connected
- Electricity Connected
- Sewer Connected
- Water Connected
Schools
Assigned schools as reported to the MLS by the listing agent. Boundaries change; confirm enrollment with the district. · Nebo
Listing courtesy of Homes International / Lisa A Fluty. Based on information from UtahRealEstate.com as of 10/16/2026 4:39 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.