Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    491 S Freedom Blvd, Unit 104204 Provo, UT 84601

    Sponsored
    For Sale
    $695,000

    MULTI_FAMILY - Other - Provo, UT

    Property size:
    2,200 SF
    Lot size:
    0.03 Acres
    Days on Market:
    3
    Last Refresh:
    Feb 1 at 8:06 am

    Property Features for 491 S Freedom Blvd

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Zoning
    Multi-Family, Commercial
    Rooms
    Bathroom 2, Bathroom 1, Bedroom 1, Bedroom 2
    Bedrooms
    2
    Bathrooms
    2
    APN
    65-393-0004
    Parking
    2
    Parking features
    Covered
    Interior features
    Closet: Walk-In, Disposal, Range/Oven: Free Stdng., Dishwasher: Built-In
    Exterior features
    Double Pane Windows
    Size
    2,200 SF
    Lot size
    0.03 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Natural Gas, Central, Forced Air

    Building Details

    Year built
    2014
    Number of units
    2
    Flooring type
    Vinyl
    Building materials
    Brick, Stucco
    Roof type
    Flat
    Architectural style
    Other

    We can help!

    Listing Contact
    Jessica Williams

    Keller Williams Westfield Real Estate

    Listing agent Jessica Williams (801) 850-5600

    Listing date Jan 30, 2026

    MLS# 2098305 Listing URL

    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.

    Learn more

    Property Insight Report

    Overview

    Provo Duplex with Income Potential

    This mixed-use property in Provo features a combination of commercial and residential spaces. The ground level is occupied by a taco shop with an established customer base, providing consistent income and foot traffic. Upstairs, there is a 2-bedroom, 1-bath condo-style unit with modern updates and a spacious layout. The property is located minutes from BYU, I-15, shopping, dining, and housing developments. Both units are currently rented, presenting a turnkey investment opportunity in a desirable Provo location. The property is zoned for multi-family and commercial use. The lot size is 0.03 acres and the property size is 2200 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Latin Flavor Restaurant Olive View Therapy Mental Health Service Centre You Ketamine Mental Health Service The Golden Dandelion Boutique Pressed Floral Flower Designer

    Suggested Use

    Law Firm Realty agency Restaurant Spa & Massage Hair Salon Dental Office Nail Salon Clothing Store Food Market Grocery Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Provo
    County
    Utah
    State
    Utah
    Longitude
    -111.661952
    Latitude
    40.227251

    Nearby Similar for Sale

    • $5,800,000
      10,608 SF

      Modern Commercial Building in Provo

      Single-tenant commercial building leased to Paul Mitchell School in Provo.
      483 W 2310 N, Provo, UT 84604
      View Details
    • New
      $799,900
      2,930 SF

      BYU-Adjacent Duplex Investment Opportunity

      7-bedroom duplex near BYU, ideal for student housing.
      466 N 200 E, Provo, UT 84606
      View Details
    • $925,000
      4,716 SF

      Provo Fourplex Investment Opportunity

      Fully leased fourplex near BYU with reliable tenants.
      168 S 300 E, Provo, UT 84606
      View Details
    • New
      $799,900
      3,232 SF

      Remodeled Duplex in Provo

      Stylish, updated duplex in a friendly neighborhood, great investment opportunity.
      2241 N 1060 W, Provo, UT 84604
      View Details
    • $909,000
      2,417 SF

      Updated Fourplex Near BYU

      Four-unit multifamily property with updated interiors and on-site laundry.
      489 S 500 E, Provo, UT 84606
      View Details
    • $750,000
      7,768 SF

      Provo Duplex with Expansion Potential

      Rare Provo duplex with potential to add two more units.
      389 W 500 S, Provo, UT 84601
      View Details
    • $525,000
      1,225 SF

      Provo Duplex Investment Opportunity

      Turn-key duplex in prime Provo location with immediate cash flow.
      1021 W 100 N, Provo, UT 84601
      View Details
    • $489,900
      1,500 SF

      Provo Duplex with ADU

      Remodeled duplex with ADU, ideal for investors or owner-occupants.
      810 N 600 W, Provo, UT 84604
      View Details
    • New
      $1,590,000
      4,872 SF

      Fully Occupied 6-Plex Near BYU

      Cash flowing 6-plex near BYU with value add potential.
      240 E 600 N, Provo, UT 84601
      View Details
    • $900,000
      0.33 Acres

      Provo Warehouse/Flex Space Opportunity

      Rare warehouse/flex space in downtown Provo with industrial zoning.
      44 E 400 S, Provo, UT 84606
      View Details
    • $389,900
      1,368 SF

      Duplex in West Provo

      Duplex in west Provo, excellent investment opportunity.
      270 S 900 W, Provo, UT 84601
      View Details
    • $495,000
      1,872 SF

      Provo Duplex on Oversized Lot

      Duplex in west Provo with development potential on large lot.
      159 S 900 W, Provo, UT 84601
      View Details

    FAQs

    What type of property is this?
    Mixed-use property - Mixed-use duplex in Provo near BYU, shopping, and dining.
    Where is this mixed-use property located?
    The property is located at 491 S Freedom Blvd, Unit 104204 Provo, UT.
    What is the asking price?
    The asking price for this property is $695,000.
    What are key features of this property?
    This property features: - Prime Provo location, minutes from BYU, I-15, shopping, and dining.; - Turnkey investment property with both units currently rented.; - Mixed-use property provides both commercial (taco shop) and residential income.
    (801) 850-5600
    Request Owner's contact information
    491 S Freedom Blvd, Unit 104204 Provo, UT 84601
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    491 S Freedom Blvd, Unit 104204
    Provo, UT 84601
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    491 S Freedom Blvd, Unit 104204 Provo, UT 84601
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Jessica Williams
    (801) 850-5600
    Learn more
    Google sign-in failed. Please try again or use another login method.