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229 N MAIN ST photo 11 / 37

$3,300,000

229 N MAIN ST, Smithfield, UT 84335

Units

12

Price/Unit

$275,000

Price/Sqft

$187

Est Gross Yield

8.0%

$265,104/yr est.

Property Details

Property typeMultifamily
Year built2022
Total units12
Living area17,641 sqft
Bedrooms37
Bathrooms29
Lot size1.13 acres
Parking32 spaces
Days on market10
Listed2026-07-06T00:00:00+00:00

Unit Mix

TypeCountBedsBathsSqftRent/Mo
7BR / 4BA1743,721
3BR / 3BA5331,392
3BR / 3BA5331,392
Total11373417,641

Unit mix data is reported by the seller or listing agent through the MLS and may be inaccurate or incomplete. Buyers should independently verify all information and conduct their own due diligence before making any investment decisions.

Description

Exceptional investment Opportunity! This property features two 5-unit townhome buildings that are just 4 years old and a renovated duplex totaling 12 units. Each unit includes a private two-car garage and offers an open floor plan with a spacious master suite, making it highly attractive to renters. Don't miss this rare opportunity; gems like this are hard to come by. Square footage figures are provided as a courtesy estimate only and were obtained from building plans for fiveplexes and county records for the duplex. Buyer is advised to obtain an independent measurement. Units are occupied. Showings are by appointment only due to tenant privacy. Serious inquiries only. Please submit offers with proof of funds or financing reapproval. Current rents available upon request from listing agent.

Listed by Paul William Duke · Equity Real Estate

Location

229 N MAIN ST, Smithfield, UT 84335

Proforma

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Cap Rate

4.91%

Cash-on-Cash

0.63%

Cash Flow

$646/mo

Purchase Price$3,300,000
Down Payment35% ($1,155,000)
Interest Rate6.00%
Monthly Rent$20,310/mo
Vacancy5%
Expense Ratio30% ($69,460)

Quick estimates only. Switch to Detailed for full line-item control.

Pro forma estimates are based on assumptions, not guaranteed, and should not be relied upon.

DISCLAIMER: The information provided on this website, including property details, pricing, projections, and availability, is for informational purposes only and may change without notice. While Canovo Group, LLC strives to maintain accurate and up-to-date information, we do not guarantee its completeness or accuracy. Users should independently verify all information and property details, including availability and any leasing conditions, with the listing agent or property owner before making any decisions. Canovo Group, LLC is not responsible for any errors, omissions, or third-party content and makes no representations or warranties regarding the properties listed. Neither Canovo Group, LLC nor its affiliates are acting as your real estate agent or broker, nor do we represent or endorse any properties or parties unless expressly stated in a separate written agreement. This website is not an offer or solicitation to buy, sell, or lease any property. All transactions are the sole responsibility of the parties involved.

© 2026 UtahRealEstate.com. All rights reserved. Based on information from the Wasatch Front Regional Multiple Listing Service, Inc. as of 7/16/2026, 6:36:20 AM. 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.