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    Provo Multifamily Investment Opportunity
    Updated: Mar 23
    Provo Multifamily Investment Opportunity

    460 200 S, Provo, UT 84606

    $4,400,000
    14,994 sqft
    Prime location near BYU and Provo's Center Street ensures consistently low vacancy and strong rental demand.
    Mix of 1‑bedroom, 2‑bedroom, and studio units caters to a broad tenant base.
    New pitched roof (installed two years ago) minimizes near‑term capital expenditures.
    Many units refreshed with new carpet and durable VLP flooring, increasing tenant appeal.
    Opportunity for value‑add through rental upside.
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    This listing looks promising.

    Here's a quick look at some key insights for

    460 200 S, Provo, UT 84606

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    • Est. Cap Rate

      3.4%
      NOI ÷ price

    • Est. NOI

      $148K
      Annual

    • Price @ 7% Cap

      $2.12M
      Suggested

    • Property Type

      Multi-Family Dwellings
      Built 1978
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    21-Unit Apartment Complex in Provo
    Updated: Mar 7
    21-Unit Apartment Complex in Provo

    460 E 200 S, Provo, UT 84606

    $4,400,000
    14,994 sqft 0.46 AC lot
    Strong rental demand and low vacancy due to ideal location near BYU and Center Street.
    21‑unit apartment complex with a mix of 1, 2, and studio units.
    New pitched roof installed two years ago, ensuring long‑term durability.
    Many units refreshed with new carpet and VLP flooring.
    Stable yearly leases with room for rent growth.
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    Shovel-Ready Mixed-Use Development
    Shovel-Ready Mixed-Use Development

    69 E CENTER St, Provo, UT 84606

    $1,500,000
    23,150 sqft 0.11 AC lot

    Planned 23,150 SF mixed-use build with 20 residences, rooftop deck, and 4,000 SF street-level retail.

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    Mixed-Use Redevelopment Site
    Mixed-Use Redevelopment Site

    69 E CENTER St, Provo, UT 84606

    $1,500,000
    0.11 AC lot

    Downtown commercial property with previously approved plans for mixed-use multifamily and street-level retail space.

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    Turn Any Listing Into an Investment Snapshot Owner equity, real caprate, demand score for every listing. Go To Analytics Center
    Provo Multifamily Investment Opportunity
    Provo Multifamily Investment Opportunity

    2030 Nevada Cir, Provo, UT 84606

    $1,225,000

    Six-unit multifamily community in Provo, near BYU.

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    Based on your search, we've compiled 19 Potential Opportunities for your consideration. Besides 5 Active listings in Provo, UT, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 6 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Winchester Townhome Multifamily Property
    Winchester Townhome Multifamily Property

    6563 S LOVENDAHLE Ct, Murray, UT 84107

    $4,200,000
    18,559 sqft 0.84 AC lot

    11-unit fully occupied townhome asset with covered parking, private outdoor space, and modern 2010-built interiors.

    View details
    New Millcreek Rental Townhomes
    New Millcreek Rental Townhomes

    884 E ROWLEY Dr, Millcreek, UT 84107

    $3,499,999
    9,800 sqft 0.14 AC lot

    Seven new townhomes in Millcreek, close to ski resorts.

    View details
    Millcreek Development Opportunity
    Millcreek Development Opportunity

    4244 S STATE St, Millcreek, UT 84107

    $3,800,000
    9,500 sqft 0.87 AC lot

    9,500 SF commercial property with potential for 113 units.

    View details
    Renovated Multifamily Property in Murray
    Renovated Multifamily Property in Murray

    404 E 5600 S, Murray, UT 84107

    $9,500,000
    38,374 sqft 2.60 AC lot

    Newly renovated 39-unit multifamily property in the heart of Murray, Utah.

    View details

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Pahrump Land Investment Opportunity
    Pahrump Land Investment Opportunity

    2001 Casino Street, Pahrump, NV 89048

    Contact for pricing
    0.31 AC lot

    0.31 acre multi-family zoned lot in growing Pahrump, Nevada.

    View details
    Lancaster Corner Lot Investment Opportunity
    Lancaster Corner Lot Investment Opportunity

    Newgrove Street, Lancaster, CA 93534

    $350,000
    0.17 AC lot

    0.17-acre corner lot in Lancaster with development potential.

    View details
    San Jacinto Land with Utilities
    San Jacinto Land with Utilities

    Rosario, San Jacinto, CA 92583

    $155,000
    0.33 AC lot

    Unique lot with utilities available for multiple residential uses.

    View details
    Prime Commercial Land Opportunity
    Prime Commercial Land Opportunity

    31426 The Old Road N, Castaic, CA 91384

    $2,250,000
    2.05 AC lot

    2+ acres of commercially zoned land with freeway exposure.

    View details

    Off-Market Properties in Provo, UT

    Consider similar Off-Market properties in Provo, UT. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    974 600
    Multifamily properties

    974 600, Provo, UT 84601

    Value Estimation by Request
    4,352 sqft 0.26 AC lot
    View details
    974 600
    Multifamily properties

    974 600, Provo, UT 84601

    Value Estimation by Request
    26,112 sqft 1.13 AC lot
    View details
    321 1220
    Multifamily properties

    321 1220, Provo, UT 84601

    Value Estimation by Request
    1,598 sqft
    View details
    370 400
    Multifamily properties

    370 400, Provo, UT 84601

    Value Estimation by Request
    8,894 sqft 0.45 AC lot
    View details
    595 1020
    Multifamily properties

    595 1020, Provo, UT 84601

    Value Estimation by Request
    2,322 sqft
    View details
    168 300
    Multifamily properties

    168 300, Provo, UT 84606

    Value Estimation by Request
    4,716 sqft 0.18 AC lot
    View details

    Provo, UT Apartment Buildings Market Trends and Statistics

    Explore 11 apartment buildings for sale in Provo, UT, showcased through 5 active listings on our real estate platform. These investment opportunities span a total of 53,138 square feet of properties for sale, with an estimated market value of $10,300,000.

    Sale prices for two-family homes in Provo, UT start at $1,500,000, averaging $3,433,333, and reaching up to $4,400,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Demographics Overview

    Population 115K
    Population Growth (5Y) -3.2%
    Median Household Income $63,902
    College Educated 37.8%

    High-Yield Neighborhoods for Investment

    Identify Provo submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    84601 $1.5M
    84606 $2.8M

    Taxes & Financing

    Tax Rate (average for all types) 1.02%
    Property Tax per SF $4.86 per SF
    Tax Rate vs County Average 0.17 pp above county avg
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Utah County

    New Delisted

    Total CRE Inventory on Market (SF)

    Property Size Breakdown

    The majority of commercial real estate listings in Provo fall within the 100,000+ square foot range.

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