Duplex With Two
1241 W 350 N Provo, UT 84601
New
1241 W 350 N, Provo, UT, 84601
$525,000
For Sale
$525,000
Duplex offering two bedrooms and one-and-a-half baths on each side, with long driveways, carports, and tenant-paid utilities.
Property Size2,208 SF
Price / SF$237.77
Days on Market6
Property Features for 1241 W 350 N
General Information
- Standard status
- Active
- Size
- 2,208 SF
- Property subtype
- Duplex
Building Details
- Year Built
- 1975
Listing agency
Essential Real Estate LLC
(801) 319-2975
Listed by
Thayne D. Bailey · License #UT 5475414PB00
(801) 319-2975
Source
Liftrealty
Added: Jul 17 Updated: Jul 21 at 10:19AM Checked: Jul 21 at 10:19AM
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 Essential Real Estate LLC
Investment Insights
Based on property information with market context.
This duplex provides two separate residential units, each with two bedrooms and 1.5 bathrooms. Both sides include long driveways and a carport, along with a yard. Tenants are responsible for all utilities.
The property is located in a Provo neighborhood with convenient freeway access and close proximity to Center Street. An APOD is available.
The seller indicates willingness to consider seller financing with a substantial down payment. The listing is available through the listing agent for additional terms and details.
The property is located in a Provo neighborhood with convenient freeway access and close proximity to Center Street. An APOD is available.
The seller indicates willingness to consider seller financing with a substantial down payment. The listing is available through the listing agent for additional terms and details.
Key Highlights
- Duplex built in 1975 with two 2‑bedroom units and 1.5 bathrooms in each unit
- Each side includes a long driveway and a carport
- Yards included for each side
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $35.8k | $16.20 |
| − Vacancy | −$1.8k | −$0.80 |
| EGI | $34.0k | $15.40 |
| − OpEx | −$10.2k | −$4.62 |
| NOI | $23.8k | $10.78 |
2,208 SF · lease $16.20/SF/yr · vacancy 4.94% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$340.0K
$297.5K – $396.7K
NOI $23,802 @ 7.0% cap · market cap 4.53%
Second Best
Apartment 5plus
$311.8K
$272.9K – $363.8K
NOI $21,828 @ 7.0% cap · market cap 4.16%
Theoretical Best
Office A
$609.0K
$532.8K – $710.5K
NOI $42,627 @ 7.0% cap · market cap 8.12%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Duplex - Duplex offering two bedrooms and one-and-a-half baths on each side, with long driveways, carports, and tenant-paid utilities.
Where is this duplex located?
The property is located at 1241 W 350 N Provo, UT.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: Duplex built in 1975 with two 2‑bedroom units and 1.5 bathrooms in each unit; Each side includes a long driveway and a carport; Yards included for each side
