Two-Unit Duplex with Detached
For Sale
$550,000
135 S 600 W, Provo, UT 84601
Two-bedroom units include hardwood floors, abundant natural light, and a fully fenced backyard.
Property Size1,800 SF
Price / SF$305.56
Days on Market56
Property Features for 135 S 600 W
General Information
Standard status
Active
Size
1,800 SF
Total Parking Spaces
2
Property subtype
Duplex
Units
Unit Mix
2 x 2BR
Multifamily Units
2
Additional Details
Gross Income
$16,800
Amenities
fully fenced backyard
Building Details
Building Size
1,800 SF
Year Built
1944
Listing Agency:
R Squared Real Estate, LLC
(801) 560-7534
Listed By:
Ryan S Larsen
(801) 949-3700
Source:
Liftrealty
Added: Aug 12
Changed: Oct 4
Last Checked: Oct 5 at 6:30PM
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 R Squared Real Estate, LLC
Investment Insights
Based on property information with market context.
Built in 1944, this 1,800-square-foot duplex contains two two-bedroom units. The upper residence is owner occupied and has hardwood flooring, large windows, and strong natural light. The lower unit is occupied, providing an established two-unit configuration for an owner-occupant or investor.
Exterior features include a fully fenced backyard and a detached two-car garage. The property is located at 135 S 600 W in Provo, within blocks of Downtown Provo, Pioneer Park, and Franklin Elementary, and near BYU.
Exterior features include a fully fenced backyard and a detached two-car garage. The property is located at 135 S 600 W in Provo, within blocks of Downtown Provo, Pioneer Park, and Franklin Elementary, and near BYU.
Key Highlights
- Two 2‑bedroom units within an 1,800‑square‑foot duplex
- Upper unit is owner occupied with hardwood floors and large windows
- Lower 2‑bedroom unit is currently occupied
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,404
Cap Rate
3.53%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$388,080
$388.1K
Cap Rate 7%
$277,200
$277.2K
Cap Rate 9%
$215,600
$215.6K
Market Conditions
NOI Build-Up for 1,800 SF
Gross rent
$29.2K $16.20/SF
− Vacancy
−$1.4K −$0.80/SF
EGI
$27.7K $15.40/SF
− OpEx
−$8.3K −$4.62/SF
NOI
$19.4K $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%
$388,080
Cap Rate 7%
$277,200
Cap Rate 9%
$215,600
Alternative Uses
Best Use
Multifamily LT 5
$277.2K
$242.6K – $323.4K
NOI $19,404 @ 7.0% cap · market cap 3.53%
Second Best
Apartment 5plus
$254.2K
$222.4K – $296.6K
NOI $17,794 @ 7.0% cap · market cap 3.24%
Theoretical Best
Office A
$496.4K
$434.4K – $579.2K
NOI $34,750 @ 7.0% cap · market cap 6.32%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,634
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Duplex - Two-bedroom units include hardwood floors, abundant natural light, and a fully fenced backyard.
Where is this duplex located?
The property is located at 135 S 600 W Provo, UT.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: Two 2‑bedroom units within an 1,800‑square‑foot duplex; Upper unit is owner occupied with hardwood floors and large windows; Lower 2‑bedroom unit is currently occupied
