Address
457 S 500 E, Provo, UT
Price
$ 799,900
Property Attributes
- MLS#2179050
- TypeMulti-Family
- Listing Status Under Contract
- CountyUTAH
- CityProvo
- AreaProvo
- Zip84606
- StyleFront And Rear
- Year Built1925
- Taxes$ 5802
- Price$ 799,900
- Bedrooms7
- Full Bathrooms6
- Half Bathrooms0
- Sqr Footage3278
- Lot Size0.17 Acres
Data Source:
Wasatch Front Regional MLS (WFRMLS)
Property Description
SIGNIFICANT VALUE-ADD, CASH COW 6-PLEX OPPORTUNITY in Provo, BYU market, with a solid 6.18% cap (as is!) with easy 7%-cap potential simply by increasing rents (which are BELOW MARKET)! Recent rate increase validates the pro forma rent assumptions! Increase the cap to mid or upper 7's by self managing. UPDATED: roof (approximately 6 years ago), kitchens, bathrooms, flooring, fixtures, with recent exterior improvements to paint, siding, & window sealing! Tenants currently enjoy use of a secure, free laundry area in basement of neighboring 6-plex. Additional income opportunity also available through managing utilities differently (units metered separately!). LOCATION: near BYU, with quick access to I-15 & Provo downtown entertainment, restaurants, & shopping. Purchase the neighboring 6-plex (same seller) for operational efficiencies! 5 1-bed units; 1 2-bed unit. Total square footage per county records; unit square footages per appraisal. Buyer/agent to verify all. Do not disturb tenants; offer subject to inspection.
| Elementary School | Middle School | High School |
|---|---|---|
| Provo Peaks Elementary School | Centennial Middle School | Timpview High School |
| Price History | |
|---|---|
| 8/15/2026 | Listed $799,900 |
General Features
| Living Area | 3278.0 |
|---|---|
| Roof | Asphalt |
| Architectural Style | Front And Rear |
| Year Built | 1925 |
| Topography | Terrain,Flat |
| Property Subtype | > 4 Units |
| Current Use | Residential |
| County | Utah |
| New Construction | No |
| Property Type | Residential |
| HOA | No |
| Attached Garage | No |
| Facing Direction | West |
| Garage Y/N | No |
| Status | Under Contract |
| High School | Timpview |
| City | Provo |
| Senior Community Y/N | No |
| High School District | Provo |
| Number Of Units Total | 6 |
| MLS Area | Provo; Mamth; Springville |
| Lot Size Units | Acres |
| Lot Size Square Feet | 7405.2 |
| Carport Y/N | No |
| Listing Terms | Cash,Commercial Fin. Req.,Conventional |
| Elementary School | Provo Peaks |
| Property Attached Y/N | No |
| Tax Annual Amount | 5802.0 |
| Home Warranty Y/N | No |
| Middle/Junior High School | Centennial |
| Property Condition | Blt./Standing |
| Lease Considered Y/N | No |
| Living Area Units | Square Feet |
| Standard Status | Pending |
| Middle/Junior School District | Provo |
| Elementary School District | Provo |
| PostalCity | Provo |
| ADU | No |
Interior Features
| Interior Amenities | Kitchen: Updated,Range/Oven: Free Stdng. |
|---|---|
| Air Conditioning Y/N | No |
| Heating Y/N | No |
| Fireplace Y/N | No |
| Total Bedrooms | 7 |
| Total Baths | 6 |
Exterior Features
| Parking Features | Parking: Uncovered |
|---|---|
| Water Source | Culinary |
| Lot Size Area | 0.17 |
| Spa | No |
| Building Area Total | 3278.0 |
| Lot Dimensions | 0.0x0.0x0.0 |
| Lot Size Acres | 0.17 |
| Frontage Length | 0.0 |
| Private Pool | No |
| Waterfront Y/N | No |
| RV Parking Dimensions | 0.00 |
| Horse Y/N | No |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Multi-Family Average in 84606
Price
Taxes
Year Built
Visits
Wasatch Front Regional MLS - Salt Lake Board of REALTORS® All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties
