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$2,000,000 Just Listed
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Property Description
Do NOT Disturb Tenants. Rare opportunity 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.
Full Property Details
Full Property Details for 28 W 300 S
General
- Price: $2,000,000
- Taxes: $8,345
- Status: Active
- Type: Multi-Family
- Source: WFR
- MLS ID: 2189137
- Updated: 10/3/2026
- Added to Site: 1 day(s) ago
Interior
- Interior Features: Kitchen: Updated, Range/Oven: Free Stdng., Dishwasher: Built-In
- Flooring: Carpet, Tile
Rooms
Bathrooms
- Total Bathrooms: 14
Bedrooms
- Total Bedrooms: 29
Exterior
- Exterior Features: Porch: Open, Patio: Open
- Porch/Patio/Deck: Porch: Open, Patio: Open
Parking
- Garage: Yes
- Garage Spaces: 9
- Covered Spaces: 9
- Total Spaces: 21
- Parking Features: Covered, Parking: Uncovered, Detached
Location
- Area: Provo; Mamth; Springville
- County: Utah
- Subdivision: THE COTTAGES
School Information
- Elem School District: Nebo
- Midd School District: Nebo
- High School District: Nebo
- Elementary School: Westside
- High School: Springville
Heating & Cooling
- Heating Type: Gas: Radiant
Utilities
- Sewer: Sewer: Connected
- Water: Culinary
- Utility Description: Natural Gas Connected, Electricity Connected, Sewer Connected, Water Connected
Structural Information
- Property Detached: Yes
- Construction: Brick, Cinder Block, Stucco
- Exterior Const.: Brick, Cinder Block, Stucco
- Roof: Asbestos Shingle, Asphalt, Membrane
- Square Feet: 11,805
- Living Area: 11,805 Sq. Ft.
- Current Bldg. Use: Residential
- Year Built: 1935
- Property Condition: Blt./Standing
Lot Features
- Property View: Mountain(s)
- Lot Size (Acres): 0.52
- Lot Size (Sq. Ft.): 22,651.2
- Lot Size: .52
- Landscape: Landscaping: Full
- Topography: Curb & Gutter, Fenced: Part, Sidewalks, Terrain, Flat, View: Mountain
- Lot Features: Curb & Gutter, Fenced: Part, Sidewalks, View: Mountain
- Trees/Vegetation: Landscaping: Full
Financial Considerations
- Tax Amount: $8,345
- Terms: Cash, Conventional
Disclosures and Reports
- Exclusions: Microwave, Window Coverings, Video Door Bell(s), Video Camera(s)
- Inclusions: Dryer, Range, Refrigerator, Washer
- Property ID: 06-012-0009
Listed by Homes International
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Schools
Schools serving 28 W 300 S
School District:Nebo School District
| Name | Grades | Distance |
|---|---|---|
Westside School 740 West Center Street, Springville, UT 84663 | PK-5 | 0.8 mi |
Spring Canyon Middle 599 West 700 South, Springville, UT 84663 | 6-7 | 0.6 mi |
Springville Jr High School 165 South 700 East, Springville, UT 84663 | 8-9 | 0.7 mi |
Springville High School 1205 East 900 South, Springville, UT 84663 | 10-12 | 1.3 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 28 W 300 S
Date
Details
Price
Change
Source
10/03/2026
Listed
$2,000,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 28 W 300 S
Year
Property Taxes
Change
Tax Assessment
Change
2025
$8,345
—
$856,295
-45%
2024
$8,345
9%
$1,560,100
99%
2024
$7,661
1%
$784,905
1%
2023
$7,578
5%
$777,150
-31%
2021
$7,223
2%
$1,132,400
58%
2022
$7,112
-2%
$716,265
-34%
2021
$7,223
12%
$1,078,500
96%
2019
$6,454
10%
$549,230
15%
2018
$5,883
-2%
$477,620
1%
2017
$6,031
3%
$472,890
5%
2016
$5,858
2%
$450,340
—
2015
$5,731
2%
$450,340
3%
2014
$5,623
10%
$439,010
15%
2013
$5,112
—
$381,755
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 28 W 300 S
28 W 300 S, Springville, UT 84663 (MLS# 2189137) is a Multi-Family property with 12 units containing 29 bedrooms and 0 full bathrooms. 28 W 300 S is currently listed for $2,000,000 and was received on October 03, 2026. Want to learn more about 28 W 300 S? Do you have questions about finding other Multi-Family real estate for sale in Springville? You can browse all Springville real estate or contact a Coldwell Banker agent to request more information.

