- Active Under Contract
- Price cut 15%
28 W 300 S, Springville, UT 84663
$1,700,000
Originally listed at $2,000,000
Est. $9,941/mo
- Beds
- 29
- Baths
- 14
- Sq ft
- 11,805
- Built
- 1935
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.
Features
- Kitchen: Updated
- Range/Oven: Free Stdng.
- Dishwasher: Built-In
- Porch: Open
- Patio: Open
Agents
Connect with your buyer agent
Get local guidance on this home from Juston.
Salt Lake County Realtor | Smart Real Estate. Lasting Legacy.
20 yrs experience
Listed by Lisa A Fluty
Homes International
MLS #2189137
Your message goes only to Juston.
Schools
Nebo- Westside
Elementary
- Springville
High School · 1.3 mi
59% proficient - Cherry Creek School
K-8 School · 0.3 mi
55% proficient - Spring Canyon Middle
K-8 School · 0.7 mi
53% proficient - Art City School
K-8 School · 1.0 mi
55% proficient
Home details
Property
- Type
- Residential
- Style
- > 4 Units
- Year built
- 1935
- Stories
- 0
- Condition
- Blt./Standing
- Construction
- Brick,Cinder Block,Stucco
- Subdivision
- THE COTTAGES
- County
- Utah
- Zoning
- Multi-Family
- MLS #
- 2189137
Costs
- List price
- $1,700,000
- Original price
- $2,000,000
- Annual taxes
- $8,345
- Home warranty
- No
Lot and parking
- Lot
- 0.52 ac
- Lot features
- Curb & Gutter,Fenced: Part,Sidewalks,View: Mountain
- Garage
- 9 cars
- Covered spaces
- 9
- Total parking
- 21
Systems
- Heating
- Gas: Radiant
- Roof
- Asbestos Shingle,Asphalt,Membrane
- Flooring
- Carpet,Tile
- Patio and porch
- Porch: Open,Patio: Open
- Water
- Culinary
- Sewer
- Sewer: Connected
- View
- Mountain(s)
All home details52 details
Property Info
- Property Type
- Residential
- Property Style
- > 4 Units
- Condition
- Blt./Standing
- MLS #
- 2189137
- County
- Utah
- Subdivision
- THE COTTAGES
- Year Built
- 1935
- New Construction
- No
- Stories
- 0
- Total Rooms
- 0
- Living Area
- 11,805 sq ft
- Lot Size (Acres)
- 0.52
- Lot Size
- 22,651.2 sq ft
- Zoning
- Multi-Family
Bedrooms & Baths
- Bedrooms
- 29
- Total Bathrooms
- 14
Financial
- List Price
- $1,700,000
- Original Price
- $2,000,000
- HOA
- No
- Annual Taxes
- $8,345
- Home Warranty
- No
Structure
- Construction
- Brick,Cinder Block,Stucco
- Roof
- Asbestos Shingle,Asphalt,Membrane
- Flooring
- Carpet,Tile
- Heating
- Gas: Radiant
- Patio & Porch
- Porch: Open,Patio: Open
Lot & Land
- Lot Features
- Curb & Gutter,Fenced: Part,Sidewalks,View: Mountain
- Topography
- Curb & Gutter, Fenced: Part, Sidewalks, Terrain, Flat, View: Mountain
- View
- Mountain(s)
- Waterfront
- No
- Horse Property
- No
Parking
- Garage
- Yes
- Garage Spaces
- 9
- Carport
- No
- Covered Spaces
- 9
- Open Parking
- 12
- Total Parking
- 21
- ADU
- No
Amenities
- Fireplace
- No
- Pool
- No
- Spa/Hot Tub
- No
- Inclusions
- Dryer, Range, Refrigerator, Washer
Utilities
- Water Source
- Culinary
- Sewer
- Sewer: Connected
- Utilities
- Natural Gas Connected,Electricity Connected,Sewer Connected,Water Connected
Schools
- Elementary
- Westside
- High School
- Springville
- Elementary District
- Nebo
Timeline
- Listed
- Sep 15, 2026
- Days on Market
- 13
- Status
- Active Under Contract
- MLS Status
- Backup
Springville market
Explore SpringvilleSpringville median
$515,000
This home: 230% above
Days to sell
57
Utah: 70
Homes for sale
105
Price range
$150k – $38M
Sale to list
99%
Market
Balanced market
SafetyLow Crime · 31.3 incidents per 1,000 residents · 33% below the Utah average
Safety rating 6.5 out of 10.
Violent
7.7
per 1,000 · national 3.6
Property
16.1
per 1,000 · national 17.6
vs Utah
−33%
46.4 per 1,000 statewide
vs Utah
+2%
30.8 per 1,000 countywide
Society
7.5
per 1,000
Population 35,521 · 2024 reports · Local rates use NIBRS; national rates use FBI UCR index crimes, which count fewer offense types.
Location
THE COTTAGES28 W 300 S, Springville, UT 84663
Open in map searchCommon questions
About 28 W 300 S, Springville, UtahWhat is the asking price for 28 W 300 S, Springville?
28 W 300 S, Springville is listed at $1,700,000 ($144/sqft). The original list price was $2,000,000, representing a reduction of $300,000. Current status: Active Under Contract.
How long has 28 W 300 S, Springville been on the market?
This property has been listed for 13 days. The average days on market in Springville is 57 days, meaning this listing is moving faster than the local average. This is a fresh listing — act quickly if interested.
What schools serve 28 W 300 S, Springville?
Assigned schools: Elementary: Westside; High: Springville. There are 7 schools within 3 miles of this property. The highest-rated nearby school is Maple Ridge School with a 62% state performance score (2.8 miles away). School district: Nebo.
How does this listing compare to the Springville market?
28 W 300 S, Springville is listed at $1,700,000, which is above the Springville median of $515,000 by $1,185,000. There are currently 105 active listings in Springville. Homes in Springville sell in an average of 57 days. The average sale-to-list ratio is 98.5%.
What would homeowner's insurance cost for 28 W 300 S, Springville?
Homeowner's insurance in Utah typically ranges from 0.3% to 0.5% of the home's value annually. For a home listed at $1,700,000, expect approximately $5,100-$8,500/year ($425-$708/month). Older homes may see higher premiums due to outdated electrical or plumbing systems. Get multiple quotes — rates vary significantly by insurer.
Could 28 W 300 S, Springville be a 1031 exchange property?
Yes, 28 W 300 S, Springville could potentially qualify for a 1031 like-kind exchange if used as an investment or business property. A 1031 exchange allows deferral of capital gains taxes by reinvesting proceeds from one investment property into another. Key requirements include identifying a replacement property within 45 days and closing within 180 days. The property must be held for investment purposes — personal residences do not qualify. Consult a qualified intermediary and tax advisor for specific guidance.
All 8 questions
How many bedrooms and bathrooms does 28 W 300 S, Springville have?
This Residential features 29 bedrooms, 14 bathrooms, 11,805 square feet of living space. The lot is 0.52 acres.
What high school is near 28 W 300 S, Springville?
The nearest high school is Springville. View the full school profile on Propaired for test scores, enrollment, and student-to-teacher ratios.
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