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Brick Duplex with Covered Parking
For Sale
$675,000

372 N 800 E, Provo, UT 84606

Residential, Provo, UT

Property Size2,242 SF
Lot Size0.16 Acres
Price / SF$301.07
Days on Market94

Property Features for 372 N 800 E

General Information

Property type Residential Multi Family
Property subtype Duplex
Zoning Single-Family, Multi-Fami
Zoning description RES
Bedrooms 6
Bathrooms 2
Full bathrooms 2
Rooms Bedroom 2, Bathroom 2, Bedroom 3, Bedroom 4, Bedroom 1, Bedroom 6, Bathroom 1, Bedroom 5
Parking features Covered
Exterior features Basement Entrance
Subdivision MENLOVE
Lot features Curb & Gutter, Sidewalks, View: Mountain
Elementary school Provo Peaks
Middle school Centennial
High school Timpview
Elementary school district Provo
Middle school district Provo
High school district Provo
Standard status Active
APN 46-067-0020
Size 2,242 SF
Lot size 0.16 Acres

Taxes and HOA fees

Tax Annual Amount 2807

Utilities

Sewer type Public Sewer
Heating system Forced Air

Building Details

Year built 1948
Number of units 2
Building materials Brick
Roof type Asphalt
Architectural style Other
Listing Agency: Berkshire Hathaway HomeServices Elite Real Estate
Listed By: Stephanie Bagley
Added: Jul 7 Changed: Oct 1 Last Checked: Oct 8 at 4:06AM
MLS# 2170244

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Investment Insights

Based on property information with market context.

This legal duplex contains 2,242 square feet on a 0.16-acre lot and includes six bedrooms and two bathrooms. Built in 1948, the brick property has a new asphalt roof, new interior and exterior paint, forced-air heating, a basement entrance, covered parking, and public sewer service. Contents within the home are included in the sale.

The property is located at 372 N 800 E in Provo, Utah, with zoning identified as Single-Family, Multi-Fami. It is approximately two minutes from BYU and sits on Provo’s east side. Both units are currently rented, and the property is being offered as part of a 1031 Exchange transaction.

Key Highlights

  • Legal duplex with 2,242 square feet, six bedrooms, and two bathrooms
  • Fully rented property with annual gross scheduled rents of $42,000+
  • 0.16‑acre lot in Provo, Utah, approximately two minutes from BYU

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr
$24,168
Cap Rate
3.58%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$483,360 $483.4K
Cap Rate 7%
$345,257 $345.3K
Cap Rate 9%
$268,533 $268.5K
Market Conditions
NOI Build-Up for 2,242 SF
Gross rent
$36.3K $16.20/SF
− Vacancy
−$1.8K −$0.80/SF
EGI
$34.5K $15.40/SF
− OpEx
−$10.4K −$4.62/SF
NOI
$24.2K $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 Rate 5%
$483,360
Cap Rate 7%
$345,257
Cap Rate 9%
$268,533

Alternative Uses

Best Use
Multifamily LT 5
$345.3K
$302.1K – $402.8K (±1% cap)
NOI $24,168 @ 7.0% cap · market cap 3.58%
Second Best
Apartment 5plus
$316.6K
$277.1K – $369.4K (±1% cap)
NOI $22,164 @ 7.0% cap · market cap 3.28%
Theoretical Best
Office A
$618.3K
$541.1K – $721.4K (±1% cap)
NOI $43,284 @ 7.0% cap · market cap 6.41%
Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick Auto Parts Store (Bike/Boat/Book/etc) Store Furniture & Home Goods Carpet & Flooring Store Pet Grooming Service Butcher

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2
Residential units
100%
Occupancy

Location Intelligence

Trade Area within ½ mile

823
Businesses Nearby

Demographics for 84606, UT

33,791
Population
11,428
Households
3
Avg Household Size
25
Median Age
45%
College-Educated
95%
High-School Grad
11.6 sq mi
ZIP Area
2,913
Density / Sq Mi
$52,110
Median Household Income
$14,955
Median Earnings
$1,149
Median Rent
$407,600
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Duplex - Fully rented two-unit residence with recent roof and interior and exterior paint updates.
Where is this duplex located?
The property is located at 372 N 800 E Provo, UT.
What is the asking price?
The asking price for this property is $675,000.
What are key features of this property?
This property features: Legal duplex with 2,242 square feet, six bedrooms, and two bathrooms; Fully rented property with annual gross scheduled rents of $42,000+; 0.16‑acre lot in Provo, Utah, approximately two minutes from BYU
More about this property
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