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276 S 500 E photo 11 / 23
Single Family

$570,000

276 S 500 E, Heber City, UT 84032

Type

SFR

List Price

$570,000

Price/Sqft

$318

Est Gross Yield

6.4%

$36,660/yr est.

Property Details

Property typeSingle Family
Year built1950
Total units1
Living area1,792 sqft
Bedrooms3
Bathrooms2
Lot size0.14 acres
Parking1 spaces
Days on market45
Listed2026-05-07T00:00:00+00:00

Description

Thoughtfully improved, the home features a newly completed laundry room, and an updated bathroom, creating a fresh, move-in-ready feel. The primary suite is privately situated on its own level, offering a true retreat experience. Within the suite, an additional flexible living space provides endless possibilities-ideal for a nursery, private office, cozy den, or playroom. One of the most compelling highlights of this property is its nightly rental eligibility-a significant advantage in today's market, as nearby townhome communities in Heber City are no longer permitted to offer short-term rentals. This creates a rare and valuable income-producing opportunity. Set on a quiet street and zoned for highly regarded schools including Old Mill Elementary, Rocky Mountain Middle School, and Wasatch High School, the location offers both peace of mind and long-term desirability. Old Mill Elementary further distinguishes the area as the only Wasatch Back elementary school ranked in Utah's top 10. Blending updated comfort, versatile living spaces, and exceptional investment potential, this property stands out as a unique offering in today's market.

Listed by Micaela Carriel · Summit Sotheby's International Realty

Location

276 S 500 E, Heber City, UT 84032

Proforma

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Cap Rate

4.28%

Cash-on-Cash

-1.07%

Cash Flow

-$190/mo

Purchase Price$570,000
Down Payment35% ($199,500)
Interest Rate6.00%
Monthly Rent$3,055/mo
Vacancy5%
Expense Ratio30% ($10,448)

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

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© 2026 UtahRealEstate.com. All rights reserved. Based on information from the Wasatch Front Regional Multiple Listing Service, Inc. as of 6/21/2026, 12:30:57 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.