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Investment Properties for Sale in Springville, Utah
Springville sits at the south end of Utah County, ten minutes from Provo and right off I-15, which is most of the reason it works as a rental market. The renter pool draws from UVU and BYU students priced out of Provo proper, young families working in tech corridors from Lehi to Orem, and long-term locals tied to Nebo School District and the manufacturing employers along the frontage road. That mix keeps vacancies short and makes single-family rentals and small multi-family properties move quickly when they hit the MLS. Median sale prices in Springville generally run a notch below Provo and Orem, which is why investors who got squeezed out of those markets started looking south around 2019 and haven't stopped.
The inventory here splits into a few clear lanes: older single-family homes near the historic downtown grid that often have basement apartment potential, newer townhomes on the west and north sides that pencil well as turnkey rentals, and the occasional duplex or fourplex — those are rare and tend to get bid up fast. Buyers should also pay attention to Springville's rental licensing requirements and the city's stance on short-term rentals before underwriting any deal, since both have tightened in recent years. Browse the active listings below to see what's currently on the market, and reach out if you want help running numbers on a specific address.
May 2026 · Springville market
Live from the Utah MLS — what's actually happening in Springville right now.
Median sale
$400,000
29 closed in May 2026
Median DOM
24 days
listing → contract
Sale-to-list
99.0%
of final list price
Unsold inventory
116
active + pending
27 matching · page 1 of 2
Active listings
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Common questions
About investment properties in Springville.
What kinds of investment properties show up in Springville? ▾
Most of what trades as investment stock here falls into three buckets: single-family rentals in older neighborhoods near 400 South and the downtown grid, newer townhomes and duplexes on the west side near Spring Creek, and the occasional small multi-family or owner-occupied home with a legal basement apartment. True 5+ unit buildings are rare and usually trade off-market.
What rents can I expect in Springville right now? ▾
Three-bedroom single-family homes generally rent in the $2,000–$2,500 range, and two-bedroom townhomes typically land between $1,500 and $1,800. Basement apartments with separate entries pull $900–$1,300 depending on finish and parking. Proximity to UVU and the FrontRunner station in Provo keeps demand steady year-round.
Does Springville allow accessory dwelling units or basement rentals? ▾
Springville permits internal ADUs in owner-occupied homes with proper permitting, including a separate entrance, egress windows, and parking requirements. Non-owner-occupied rentals require a city rental license. Check current zoning before buying a property marketed as a duplex — some are legal, some are grandfathered, and some aren't legal at all.
Is Springville a better cash-flow market than Provo or Spanish Fork? ▾
Springville sits in the middle. Entry prices run a bit under Provo but slightly above Spanish Fork, while rents track closely with both. The advantage here is tenant stability — a lot of long-term local renters and Nebo School District families, which keeps vacancy low even when rents flatten.
Are short-term rentals (Airbnb) allowed in Springville? ▾
Springville restricts short-term rentals in most residential zones and requires a business license plus a conditional use permit where they are allowed. If your plan depends on nightly rental income, verify with city planning before writing an offer — enforcement has tightened over the last few years.
What should I inspect closely on older Springville rentals? ▾
Homes built before 1980 around the historic core often have aging galvanized or cast-iron plumbing, original electrical panels, and basements that took on water before the city upgraded drainage. Sewer scopes, panel inspections, and a careful look at the foundation are worth every dollar on these properties.