Duplex with Private
For Sale
$789,900
1129 West 650 North, Provo, UT 84601
Each residence has its own laundry, fireplace, deck, and full kitchen with appliances.
Property Size2,832 SF
Price / SF$278.92
Days on Market95
Property Features for 1129 West 650 North
General Information
Standard status
Active
Size
2,832 SF
Total Parking Spaces
5
Property subtype
Residential / Duplex
Zoning
Multi-Family
Occupancy
100%
Site & Location
Neighborhood
Sunset
Utilities to Site
Yes
Units
Unit Mix
2 x 4BR/2BA
Multifamily Units
2
Individually Metered Utilities
gas, electricity
Additional Details
Cap Rate
5.8%
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$3,191
Amenities
laundry
fireplace
deck
full kitchen with appliances
No
Forced Air
Carpet, Laminate
Yes
8
4
Blinds
Range/Oven: Free Stdng., Dishwasher: Built-In
Asphalt
Porch: Open, Sliding Glass Doors
Porch: Open
Building Details
Year Built
1979
Buildings
1
Tenancy
Multi
Listing Agency:
Atlas Real Estate, LLC
Listed By:
Christopher Nehren · License #12275103
(801) 450-2675
Source:
Compass
Added: Jul 23
Changed: Oct 25
Last Checked: Oct 25 at 2:48AM
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 Atlas Real Estate, LLC
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Investment Insights
Based on property information with market context.
Built in 1979, this 2,832-square-foot duplex contains two four-bedroom, two-bathroom residences, for a combined total of eight bedrooms and four bathrooms. Both units are occupied under leases. Each has a full kitchen with appliances, private laundry, a fireplace, and a deck. Interior finishes include carpet and laminate, and the property has forced-air heating. Five uncovered parking spaces are on site.
The property is minutes from BYU and is zoned Multi-Family. Separate gas and power services and individual water heaters serve the units; tenants are responsible for their own gas and electric. The residences may be leased individually or by the room, as described in the property information. The stated cap rate is 5.8%.
The property is minutes from BYU and is zoned Multi-Family. Separate gas and power services and individual water heaters serve the units; tenants are responsible for their own gas and electric. The residences may be leased individually or by the room, as described in the property information. The stated cap rate is 5.8%.
Key Highlights
- Two occupied residences, each with a four‑bedroom, two‑bath layout
- 2,832 square feet; built in 1979
- Private laundry, fireplace, deck, and full kitchen with appliances in each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,528
Cap Rate
3.86%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$610,560
$610.6K
Cap Rate 7%
$436,114
$436.1K
Cap Rate 9%
$339,200
$339.2K
Market Conditions
NOI Build-Up for 2,832 SF
Gross rent
$45.9K $16.20/SF
− Vacancy
−$2.3K −$0.80/SF
EGI
$43.6K $15.40/SF
− OpEx
−$13.1K −$4.62/SF
NOI
$30.5K $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%
$610,560
Cap Rate 7%
$436,114
Cap Rate 9%
$339,200
Alternative Uses
Best Use
Multifamily LT 5
$436.1K
$381.6K – $508.8K
NOI $30,528 @ 7.0% cap · market cap 3.86%
Second Best
Apartment 5plus
$399.9K
$350.0K – $466.6K
NOI $27,996 @ 7.0% cap · market cap 3.54%
Theoretical Best
Office A
$781.1K
$683.4K – $911.2K
NOI $54,674 @ 7.0% cap · market cap 6.92%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
264
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
Frequently Asked Questions
What type of property is this?
Duplex - Each residence has its own laundry, fireplace, deck, and full kitchen with appliances.
Where is this duplex located?
The property is located at 1129 West 650 North Provo, UT.
What is the asking price?
The asking price for this property is $789,900.
What are key features of this property?
This property features: Two occupied residences, each with a four‑bedroom, two‑bath layout; 2,832 square feet; built in 1979; Private laundry, fireplace, deck, and full kitchen with appliances in each unit
