591 1050, Pleasant Grove, UT 84062
12BD/—BA Residential in Pleasant Grove, UT 84062. 5,197 sqft. Built 2013. Listed at $1,350,000. MLS #2160327.
12BD/—BA Residential in Pleasant Grove, UT 84062. 5,197 sqft. Built 2013. Listed at $1,350,000. MLS #2160327.
Rare newer fourplex in an excellent north Utah County location! Ideally situated for easy freeway access. On a safe, dead-end street with abundant yard space, this fourplex rents readily and attracts stable, long-term tenants. While every unit includes three bedrooms, two full bathrooms, laundry hookups, and a garage, there are four unique floor plans. Units A and D are single level plans with two-car garages. Units B and C have one-car garages and two-level layouts, with the bedrooms and bathrooms upstairs. Units B and C also have back exits from the main floor--B has a sliding glass door that opens to a small cement patio, and C has a main-floor laundry room with a back door that opens into a gravel space next to B's patio. During 2025 we replaced tenants who had lived in the B and C units since 2014 and 2016. The current tenants in the A and D units have been in place since 2021 and 2022, respectively. This building is in great condition with no deferred maintenance. The $547 monthly HOA fee covers landscaping, snow removal, building exterior insurance/maintenance, and a common playground area. The HOA is managed by TPM. The fourplex has been managed by the owners, who will gladly share their preferred contacts for plumbing, etc. Present rents and approximate square footage are as follows: Unit A, 1350sf, $1750; Unit B, 1100sf, $1725; Unit C, 1700sf, $1645, and Unit D, 1100sf, $1700. The units are separately metered, so the tenants pay for ALL of their own utilities, including water/trash and internet. Please note that the interior photos of Unit B were taken last year before new carpet was installed. Some of the other photos are from other congruent buildings No showings without an accepted offer. Please do not bother tenants!
Property Type
Residential
Property Style
Quadruplex
Architectural Style
Stories: 2
Subdivision
STEEPLE CHASE
County
Utah
Construction
Brick,Stucco
Lot Size
0.36 sq ft
Condition
Blt./Standing
MLS #
2160327
Property Type
Residential
Property Style
Quadruplex
Architectural Style
Stories: 2
Subdivision
STEEPLE CHASE
County
Utah
Construction
Brick,Stucco
Lot Size
0.36 sq ft
Condition
Blt./Standing
MLS #
2160327
List Price
$1,350,000
HOA Fees
$546 / Monthly
Annual Taxes
$5,548
Home Warranty
No
List Price
$1,350,000
HOA Fees
$546 / Monthly
Annual Taxes
$5,548
Home Warranty
No
Heating
Forced Air,Gas: Central
Roof
Asphalt
Flooring
Carpet,Vinyl
Materials
Brick,Stucco
Water Source
Culinary
Sewer
Sewer: Connected,Sewer: Public
Heating
Forced Air,Gas: Central
Roof
Asphalt
Flooring
Carpet,Vinyl
Materials
Brick,Stucco
Water Source
Culinary
Sewer
Sewer: Connected,Sewer: Public
Garage Spaces
6
Covered Spaces
6
Total Parking
6
Garage Spaces
6
Covered Spaces
6
Total Parking
6
Classification
Standard
Deal Score
25/100
vs Market Median
40% above
Area Growth (YoY)
2.9%
Deal Score Breakdown
25/100
2.9% year-over-year ZHVI growth in this area
Priced 40% above the per-subtype city median
STR net cashflow -$4,689/mo (-48.9% return). Uses the better of LT or STR against total monthly ownership cost (P&I, tax, insurance, HOA, maintenance).
No price reduction from original list
Not enough comparable listings
Ensemble scoring: the best single signal sets the floor, secondary qualifying signals (≥60) each add 5 points up to +20. A home that strongly wins on one dimension is already a great deal — it doesn't need to tick every box.
Est. Annual Revenue
$83,925/yr
$358/night · 41% occupancy · $123/bedroom · $0.38/sqft
Net Monthly Cash Flow
−$4,690 /mo (−$56,283/yr)
Monthly STR income
Monthly ownership cost
Coverage
73%
Net /mo
−$4,689
DSCR
0.72
Elementary
Mount MahoganyMiddle School
Pleasant GroveHigh School
Pleasant GroveSchool District
Alpine
Best Download
10 Gbps
Best Upload
10 Gbps
Fiber Available
Yes
Providers
15
Available Providers
$539,900
+150% vs median
37 days
85
$295,000 – $2,350,000
$5,548
$546/monthly
Low Crime
7.4
per 1,000
17.9
per 1,000
5.5
per 1,000
30.9
per 1,000
National rates use FBI UCR Index Crimes. Local rates use NIBRS which may include additional offense categories.
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