Duplex
New
For Sale
$689,700
1055 W 2100 N, Provo, UT 84601
Two-unit residential income property offered in its existing as-is condition.
Property Size3,400 SF
Price / SF$202.85
Days on Market3
Property Features for 1055 W 2100 N
General Information
Standard status
Active
Size
3,400 SF
Property subtype
Multi-Family
Building Details
Year Built
1990
Listing Agency:
Summit Commercial Advisors LLC
Listed By:
Mary W Street · License #5454081-PO00
(801) 358-6279
Source:
Redsign
Added: Sep 11
Last Checked: Sep 12 at 2:32PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Summit Commercial Advisors LLC
Investment Insights
Based on property information with market context.
This duplex property contains an estimated 3,400 square feet and was built in 1990. The building is being offered in its existing as-is condition, with no obligation for the seller to complete changes or repairs before closing.
The property is located at 1055 W 2100 N in Provo, Utah. It has been owned and managed by the Provo City Housing Authority, and tenants require notice for access and showings. Buyers should independently verify the square footage and other property information.
The property is located at 1055 W 2100 N in Provo, Utah. It has been owned and managed by the Provo City Housing Authority, and tenants require notice for access and showings. Buyers should independently verify the square footage and other property information.
Key Highlights
- Duplex with an estimated 3,400 square feet
- Built in 1990
- Offered in AS‑IS condition
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
$36,651
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
5.31%
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%
$733,020
$733.0K
Cap Rate 7%
$523,586
$523.6K
Cap Rate 9%
$407,233
$407.2K
Market Conditions
NOI Build-Up for 3,400 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
$55.1K $16.20/SF
− Vacancy
−$2.7K −$0.80/SF
EGI
$52.4K $15.40/SF
− OpEx
−$15.7K −$4.62/SF
NOI
$36.7K $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%
$733,020
Cap Rate 7%
$523,586
Cap Rate 9%
$407,233
Alternative Uses
Best Use
Multifamily LT 5
$523.6K
$458.1K – $610.9K
NOI $36,651 @ 7.0% cap · market cap 5.31%
Second Best
Apartment 5plus
$480.2K
$420.2K – $560.2K
NOI $33,612 @ 7.0% cap · market cap 4.87%
Theoretical Best
Office A
$937.7K
$820.5K – $1.09M
NOI $65,640 @ 7.0% cap · market cap 9.52%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,070
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 - Two-unit residential income property offered in its existing as-is condition.
Where is this duplex located?
The property is located at 1055 W 2100 N Provo, UT.
What is the asking price?
The asking price for this property is $689,700.
What are key features of this property?
This property features: Duplex with an estimated 3,400 square feet; Built in 1990; Offered in AS‑IS condition
