Four-Unit Residential Income
232 E 400 N Provo, UT 84606
232 E 400 N, Provo, UT, 84606
$875,000
For Sale
$875,000
MULTI_FAMILY - Other - Provo, UT
Property Size2,560 SF
Lot Size0.14 Acres
Price / SF$341.80
Days on Market159
Property Features for 232 E 400 N
General Information
- Property type
- Residential Multi Family
- Property subtype
- Quadruplex
- Zoning
- Multi-Family
- Bedrooms
- 4
- Bathrooms
- 4
- Rooms
- Bedroom 3, Bedroom 1, Bathroom 3, Bedroom 4, Bathroom 2, Bathroom 1, Bathroom 4, Bedroom 2
- Parking
- 6
- Window features
- Blinds
- Interior features
- Range/Oven: Free Stdng.
- Standard status
- Active
- APN
- 05-039-0008
- Size
- 2,560 SF
- Lot size
- 0.14 Acres
Taxes and HOA fees
- Tax Annual Amount
- 4152
Utilities
- Sewer type
- Public Sewer
Building Details
- Year built
- 1934
- Number of units
- 4
- Roof type
- Asphalt
- Architectural style
- Other
Listing agency
Stringham West Realty
(801) 377-8140
Listed by
Richard Stringham
(801) 400-1991
Added: Feb 12 Updated: Jul 17 at 10:36AM Checked: Jul 21 at 6:06PM
MLS# 2136770
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Investment Insights
Based on property information with market context.
This well-kept 4plex includes four 1-bedroom, 1-bath units with efficient layouts. In addition to the residential units, the property has four storage units in the back that rent for an additional $75 per unit per month.
Located at 232 E 400 N in Provo, Utah, the property is described as minutes from BYU campus and close to shopping and dining. The listing is offered under Multi-Family zoning.
With four separate apartment units on site, the configuration supports straightforward residential rental operations, supplemented by the on-site storage units.
Located at 232 E 400 N in Provo, Utah, the property is described as minutes from BYU campus and close to shopping and dining. The listing is offered under Multi-Family zoning.
With four separate apartment units on site, the configuration supports straightforward residential rental operations, supplemented by the on-site storage units.
Key Highlights
- Well‑kept 4plex with four 1‑bed, 1‑bath units
- 4 storage units in the back that rent for an additional $75 per unit per month
- Built in 1934
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $41.5k | $16.20 |
| − Vacancy | −$2.0k | −$0.80 |
| EGI | $39.4k | $15.40 |
| − OpEx | −$11.8k | −$4.62 |
| NOI | $27.6k | $10.78 |
2,560 SF · lease $16.20/SF/yr · vacancy 4.94% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$394.2K
$345.0K – $459.9K
NOI $27,596 @ 7.0% cap · market cap 3.15%
Second Best
Apartment 5plus
$361.5K
$316.4K – $421.8K
NOI $25,308 @ 7.0% cap · market cap 2.89%
Theoretical Best
Office A
$706.0K
$617.8K – $823.7K
NOI $49,423 @ 7.0% cap · market cap 5.65%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Quadplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Quadplex - Four 1-bedroom, 1-bath units plus four back storage units provide additional monthly rental income.
Where is this quadplex located?
The property is located at 232 E 400 N Provo, UT.
What is the asking price?
The asking price for this property is $875,000.
What are key features of this property?
This property features: Well‑kept 4plex with four 1‑bed, 1‑bath units; 4 storage units in the back that rent for an additional $75 per unit per month; Built in 1934
