Side-by-Side
For Sale
$500,000
369 W 200 N, Provo, UT 84601
MULTI_FAMILY - Other - Provo, UT
Property Size2,293 SF
Lot Size0.11 Acres
Price / SF$218.05
Days on Market29
Property Features for 369 W 200 N
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
Multi-Family
Zoning description
RC
Bedrooms
3
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Bathroom 2, Bedroom 3, Bedroom 2, Bedroom 1
Parking
4
Parking features
Covered
Patio and Porch features
Patio
Exterior features
Patio: Covered
Lot features
Curb & Gutter, Fenced: Full, Road: Paved, Sidewalks, View: Mountain
Elementary school
Timpanogos
Middle school
Dixon
High school
Provo
Elementary school district
Provo
Middle school district
Provo
High school district
Provo
Subdivision
Provo; Mamth; Springville
Standard status
Active
APN
04-080-0013
Size
2,293 SF
Lot size
0.11 Acres
Taxes and HOA fees
Tax Annual Amount
2456
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas, Central
Amenities
shared laundry
Building Details
Year built
1900
Number of units
2
Flooring type
Linoleum, Carpet
Roof type
Asphalt
Architectural style
Other
Listing Agency:
Equity Real Estate (Results)
(801) 610-9394
Listed By:
Carolyn Hardman
(801) 367-5187
Added: Jul 13
Changed: Aug 7
Last Checked: Aug 10 at 10:06AM
MLS# 2172729
Copyright © 2026 UtahRealEstate.com. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This side-by-side duplex contains 2,293 square feet on a 0.11-acre parcel. The unit mix includes one vacant 2-bedroom, 1-bathroom residence and one occupied 1-bedroom, 1-bathroom residence. Interior finishes include carpet and linoleum, with central natural-gas heating. Shared laundry, a covered patio, a yard, and covered parking serve the property.
The occupied unit is leased through October 1, 2026, then converts automatically to a month-to-month arrangement with 60 days’ notice. The property is zoned Multi-Family and connected to public sewer. Built in 1900, it is located near universities, shopping, and dining in Provo.
The occupied unit is leased through October 1, 2026, then converts automatically to a month-to-month arrangement with 60 days’ notice. The property is zoned Multi-Family and connected to public sewer. Built in 1900, it is located near universities, shopping, and dining in Provo.
Key Highlights
- 2,293 square feet on a 0.11‑acre parcel
- Duplex configuration with one 2‑bedroom, 1‑bathroom unit and one 1‑bedroom, 1‑bathroom unit
- One residence is vacant; the second is tenant occupied
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$24,718
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.94%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$494,360
$494.4K
Cap Rate 7%
$353,114
$353.1K
Cap Rate 9%
$274,644
$274.6K
Market Conditions
NOI Build-Up for 2,293 SF
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.
Gross rent
$37.1K $16.20/SF
− Vacancy
−$1.8K −$0.80/SF
EGI
$35.3K $15.40/SF
− OpEx
−$10.6K −$4.62/SF
NOI
$24.7K $10.78/SF
Area
Provo, UT
Vacancy
4.94%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$494,360
Cap Rate 7%
$353,114
Cap Rate 9%
$274,644
Alternative Uses
Best Use
Multifamily LT 5
$353.1K
$309.0K – $412.0K
NOI $24,718 @ 7.0% cap · market cap 4.94%
Second Best
Apartment 5plus
$323.8K
$283.4K – $377.8K
NOI $22,668 @ 7.0% cap · market cap 4.53%
Theoretical Best
Office A
$632.4K
$553.4K – $737.8K
NOI $44,268 @ 7.0% cap · market cap 8.85%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
122
Businesses Nearby
Explore this area
Business Placement
Demographics for 84601, UT
33,986
Population
11,673
Households
2.9
Avg Household Size
27
Median Age
33%
College-Educated
86%
High-School Grad
13.3 sq mi
ZIP Area
2,555
Density / Sq Mi
$64,758
Median Household Income
$30,548
Median Earnings
$1,173
Median Rent
$370,300
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - One unit is vacant, while the second unit remains tenant occupied.
Where is this duplex located?
The property is located at 369 W 200 N Provo, UT.
What is the asking price?
The asking price for this property is $500,000.
What are key features of this property?
This property features: 2,293 square feet on a 0.11‑acre parcel; Duplex configuration with one 2‑bedroom, 1‑bathroom unit and one 1‑bedroom, 1‑bathroom unit; One residence is vacant; the second is tenant occupied
