$4,550,000
1126 W 250 , American Fork, UT 84003
- 33
- beds
- 18,759
- sqft
- 2024
- year built
- Status:
- Active
- MLS #:
- 2188560
- County:
- Utah
- Listed By:
- Evan Clark - Marcus & Millichap Real Estate Investment Services, INC
- Agent Email:
- evan.clark@marcusmillichap.com
Sponsoring Broker: Christine Eisenberg, Continental Real Estate Group, Inc
Marcus & Millichap is pleased to present The Yard Building 9, an 18-unit, newer-vintage multifamily community located in American Fork, Utah, in the heart of the rapidly expanding Silicon Slopes technology hub. Built in 2024, the property features an attractive mix of six one-bedroom, nine two-bedroom, and three three-bedroom units, with in-place rents averaging approximately $1,500 per month across the unit mix. Building 9 provides investors with the opportunity to acquire a recently constructed asset with demonstrated post-lease-up rent growth and continued upside. The Yard benefits from a high-growth American Fork location with convenient access to the region's major employment centers, transportation corridors, and amenities. The community is currently 92%+ occupied, while third-party property management and HOA oversight provide a passive, low-management ownership structure. The combination of newer construction, strong market fundamentals, demonstrated rent growth, and streamlined operations positions The Yard Building 9 as an attractive investment opportunity in one of Utah's highest growth markets. Investment Highlights: Newer Vintage, Superior Product: Built in 2024 with large floorplans and a favorable unit mix (6/9/3: 1BR/2BR/3BR), commanding a competitive edge over older area supply. Proven Lease-Up Performance: The Yard is 92%+ occupied community-wide, with 2-bedroom units achieving 10%+ rent bumps following initial lease-up, clear evidence of market depth and pricing power. Embedded Rent Growth & Income Upside: Continued rent growth is expected, with additional upside from planned ancillary income streams (pet, parking, and similar fees). Passive, Low-Intensity Ownership: HOA and third-party property management handle day-to-day operations, making this an ideal fit for investors seeking a hands-off, institutional-quality hold. Tax-Advantaged Acquisition: Multifamily properties support a strong cost segregation outcome, and 100% bonus depreciation is now a permanent feature of the tax code for qualifying property, enabling significant year-one accelerated depreciation (see tax section below). High-Growth Submarket: Located in American Fork, adjacent to Lehi/Silicon Slopes, home to major tech employers including Adobe, Microsoft, and Oracle. Utah's tech sector grew employment 19% over the most recent reporting period, per the Utah Department of Workforce Services, with the Salt Lake and Provo-Orem metro areas together accounting for 85% of the state's tech jobs. Utah County is projected to double to 1.5 million residents between 2025 and 2065, driving 45% of total regional population growth and sustaining long-term multifamily demand. American Fork Growth Trajectory: American Fork's population grew 15.5% from the 2020 census (33,337) to the U.S. Census Bureau's 2023 population estimate (38,549), reflecting sustained above-average growth in Utah County and reinforcing durable rental demand.
Highlights
- Residential
- Multi Family
- Built in 2024
- 0.59 Acre Lot
- 67 days on Market
-
- Bedrooms
- 33
-
- Year Built
- 2024
-
- Architectural Style
- Stories: 3
-
- Living Area
- 18759.0
-
- Cooling
- None
-
- Heating
- None
-
- Acres
- 0.59
-
- Area
- Am Fork; Hlnd; Lehi; Saratog.
-
- County
- Utah
-
- City
- American Fork
-
- Zip Code
- 84003
-
- High School
- American Fork
-
- Middle School
- American Fork
-
- Elementary School
- Greenwood
-
Nearby Schools
-
53out of 100
Public School for 1126 W 250, American Fork, UT 84003
Grades: Elementary
Distance: 1.59 mi
-
51out of 100
-
72out of 100
-
52out of 100
-
100out of 100
-
74out of 100
-
53out of 100
-
49out of 100
-
52out of 100
-
100out of 100
Disclaimer: ez Home Search School Ratings are on a scale of 1-100 and represent our evaluation of school quality based on academic performance, school resources, community feedback, and demographic factors. School attendance boundaries are for reference only. Contact the school directly to verify enrollment eligibility.
-
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Price History
| 09/04/2026 | Listed | $4,550,000 |
| Source: UtahRealEstatecom #2188560 | ||
| 01/30/2026 | Off Market | — |
| Source: UtahRealEstatecom #2134120 | ||
| 12/26/2024 | Off Market | — |
| Source: UtahRealEstatecom #2055886 | ||
Source: MLS Data
Deed History
| 05/10/2024 | Warranty Deed | $0 |
Source: Public records via Constellation Data Labs
Mortgage History
| 05/10/2024 | Commercial | $2,370,000 |
| 03/14/2023 | Building or Construction Loan | $2,800,000 |
| 05/28/2021 | Building or Construction Loan | $13,318,618 |
Source: Public records via Constellation Data Labs
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Frequently Asked Questions
How do I schedule a tour of 1126 W 250?
We can make that happen quickly. Click Tour This Home and we'll connect you directly with our vetted local partner to schedule your visit to 1126 W 250.
They know residentials in the area well and can give you the guidance you need to buy with confidence.
How do I get more information about 1126 W 250?
Click Ask a Question to talk with our team. You already know it is a 33 bed, N/A bath, listed for $4,550,000. We can talk through recent upgrades, potential seller motivation, how this multi family compares to others in American Fork, and can even get you in to see the property quickly.
How much is the monthly mortgage payment for 1126 W 250?
With a 20% down payment and a 30-year fixed loan at an illustrative 7.25% rate, the ez Mortgage Calculator estimates the monthly payment for 1126 W 250 at around $27,624. This includes estimated property taxes and insurance.
Want to see how this changes with different down payments or interest rates? Jump to the calculator to run the numbers and fine-tune your plan.
How do I get pre-approved to buy 1126 W 250?
Stand out in a competitive market by getting pre-approved today. Our quick and private pre-approval process helps you understand your true buying power—no credit pull required to explore all of your options.
Or, let us connect you with our preferred local lender in Utah County. They will give you all of your available financing options, based on your specific situation and what is available to you.
Can I negotiate the asking price for 1126 W 250?
In most cases, yes. Whether 1126 W 250 is priced competitively or not, your best offer depends on your personal situation, the seller's timeline, and recent activity in American Fork's market. Our preferred local partner will help you craft a strategy—factoring in comparable properties that have sold, timing, and deal structure—to make a smart, strong offer. Click here to ask about negotiation opportunities.
How do I make an offer on 1126 W 250?
We can handle that for you. Our preferred local agent specializes in residentials in American Fork and can guide you through every step of the offer process.
You need an expert who is looking out for your best interests. From market valuation to contingencies and timing, they'll help you present a compelling offer that fits your goals. Click Ask a Question to get started today.
What is the price per square foot for this home?
This home is listed at $4,550,000 with 18,759 sqft of space—that comes out to approximately $243 per square foot.
How long has this property been on the market?
1126 W 250 was listed on September 04, 2026, which means it's been on the market for 67 days.
Want to keep tabs on it? Click the ♥ to favorite this home and get notified of price drops or changes.
When was this house built?
This home was built in 2024, making it approximately 2 years old.
What is the lot size of this property?
1126 W 250 sits on a 0.59-acre lot, which is 25,700 square feet.
What schools are assigned to this property?
Based on MLS info, this home is zoned for:
- Elementary: Greenwood
- Middle: American Fork
- High: American Fork
Want to see how these schools compare? Check out our Utah County School Guide to see ratings, reviews, and more for the schools in the area.
What are the property taxes for 1126 W 250?
The most recent public record shows annual property taxes for 1126 W 250 were approximately $20,779. This may change with reassessment or exemptions. Our local partner can verify current tax amounts and help you estimate future costs based on your situation.
Is 1126 W 250 still available for sale?
Yes, this home is still available! Click the ♥ to favorite it so you don't miss any changes—or ask our local expert to schedule a time to see it in person.
Source: ez Home Search, MLS Data
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Based on information from the Wasatch Front Regional Multiple Listing Service, Inc. as of November 10, 2026 at 09:26PM. 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.
Last Updated: November 10, 2026 at 09:26PM | Source: UtahRealEstatecom | MLS#: 2188560
