Quadplex with Community
New
For Sale
$1,050,000
1133 E 1500 S Unit 101-40, Provo, UT 84606
Four two-bedroom, two-bath residences feature updated finishes and access to shared outdoor amenities.
Property Size4,420 SF
Price / SF$237.56
Days on Market6
Property Features for 1133 E 1500 S Unit 101-40
General Information
Standard status
Active
Size
4,420 SF
Property subtype
Quadruplex
Units
Unit Mix
4 x 2BR/2BA
Multifamily Units
4
Amenities
community playground
dog park
LVP and carpet flooring
stainless steel appliances
smart home features
Building Details
Building Size
4,420 SF
Year Built
2021
Listing Agency:
Redfox Real Estate Group
Listed By:
Corey Bohner
(801) 618-8061
Source:
Liftrealty
Added: Oct 11
Changed: Oct 15
Last Checked: Oct 14 at 11:02PM
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 Redfox Real Estate Group
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 2021, this 4,420-square-foot quadplex contains four residences, each configured with two bedrooms and two bathrooms. Interior features include LVP and carpet flooring, stainless steel appliances, and smart home features. The community includes a playground and dog park.
The property is in Provo, with BYU, UVU, shopping, entertainment, and outdoor recreation described as minutes away. MAXX PM provides professional management.
The property is in Provo, with BYU, UVU, shopping, entertainment, and outdoor recreation described as minutes away. MAXX PM provides professional management.
Key Highlights
- Four‑unit property built in 2021
- 4,420 square feet
- Each residence has 2 bedrooms and 2 bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$47,647
Cap Rate
4.54%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$952,940
$952.9K
Cap Rate 7%
$680,671
$680.7K
Cap Rate 9%
$529,411
$529.4K
Market Conditions
NOI Build-Up for 4,420 SF
Gross rent
$71.6K $16.20/SF
− Vacancy
−$3.5K −$0.80/SF
EGI
$68.1K $15.40/SF
− OpEx
−$20.4K −$4.62/SF
NOI
$47.6K $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%
$952,940
Cap Rate 7%
$680,671
Cap Rate 9%
$529,411
Alternative Uses
Best Use
Multifamily LT 5
$680.7K
$595.6K – $794.1K
NOI $47,647 @ 7.0% cap · market cap 4.54%
Second Best
Apartment 5plus
$624.2K
$546.2K – $728.3K
NOI $43,695 @ 7.0% cap · market cap 4.16%
Theoretical Best
Office A
$1.22M
$1.07M – $1.42M
NOI $85,332 @ 7.0% cap · market cap 8.13%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
333
Businesses Nearby
Explore this area
Business Placement
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
Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Quadplex - Four two-bedroom, two-bath residences feature updated finishes and access to shared outdoor amenities.
Where is this quadplex located?
The property is located at 1133 E 1500 S Unit 101-40 Provo, UT.
What is the asking price?
The asking price for this property is $1,050,000.
What are key features of this property?
This property features: Four‑unit property built in 2021; 4,420 square feet; Each residence has 2 bedrooms and 2 bathrooms
