Updated Duplex with Basement
For Sale
$565,000
1785 N 550 W, Provo, UT 84604
MULTI_FAMILY - Other - Provo, UT
Property Size1,692 SF
Lot Size0.17 Acres
Price / SF$333.92
Days on Market50
Property Features for 1785 N 550 W
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
Multi-Family
Zoning description
RC
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 1, Bedroom 4, Bathroom 1, Bedroom 3, Basement, Bedroom 2, Bathroom 2
Parking
6
Parking features
Covered
Window features
Blinds
Patio and Porch features
Porch, Patio
Interior features
Basement Apartment, Disposal, Range/Oven: Free Stdng., Dishwasher: Built-In
Exterior features
Basement Entrance, Lighting, Patio: Covered, Porch: Open
Lot features
Corner Lot, Curb & Gutter, Road: Paved, Sidewalks, View: Mountain
Elementary school
Edgemont
Middle school
Centennial
High school
Timpview
Elementary school district
Provo
Middle school district
Provo
High school district
Provo
Subdivision
Orem; Provo; Sundance
Standard status
Active
APN
19-066-0007
Size
1,692 SF
Lot size
0.17 Acres
Taxes and HOA fees
Tax Annual Amount
2502
Utilities
Sewer type
Public Sewer
Heating system
Forced Air, Central, Natural Gas
Building Details
Year built
1944
Number of units
2
Flooring type
Tile, Hardwood, Vinyl
Building materials
Stucco, Clapboard
Roof type
Asphalt
Architectural style
Other
Listing Agency:
KW WESTFIELD · Keller Williams Realty
(801) 850-5600
Listed By:
Carl Spencer
(801) 616-1244
Added: Jun 16
Changed: Aug 3
Last Checked: Aug 4 at 3:06PM
MLS# 2166075
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Investment Insights
Based on property information with market context.
This legal duplex contains 1,692 square feet within a 0.17-acre parcel and includes a basement apartment. The two residences have separate entrances and exits, with individual storage areas located in the covered carport. Interior features include hardwood, tile, and vinyl flooring, along with a range/oven, built-in dishwasher, disposal, forced-air heating, central heating, and natural gas service. The property also offers a covered patio, open porch, basement access, stucco and clapboard exterior finishes, and an asphalt roof.
A new roof and an upstairs swamp cooler were installed in 2024. The units are separately metered for gas and electric utilities, while public sewer serves the property. The duplex is located at 1785 N 550 W in Provo, Utah 84604, near BYU and UVU.
The property is zoned Multi-Family, was built in 1944, and is identified with a 5.7% CAP rate in the listing information.
A new roof and an upstairs swamp cooler were installed in 2024. The units are separately metered for gas and electric utilities, while public sewer serves the property. The duplex is located at 1785 N 550 W in Provo, Utah 84604, near BYU and UVU.
The property is zoned Multi-Family, was built in 1944, and is identified with a 5.7% CAP rate in the listing information.
Key Highlights
- 1,692‑square‑foot legal duplex on a 0.17‑acre parcel
- Basement apartment with separate entrance access
- 2024 roof replacement and new upstairs swamp cooler
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 | $27.4k | $16.20 |
| − Vacancy | −$1.4k | −$0.80 |
| EGI | $26.1k | $15.40 |
| − OpEx | −$7.8k | −$4.62 |
| NOI | $18.2k | $10.78 |
1,692 SF · lease $16.20/SF/yr · vacancy 4.94% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$260.6K
$228.0K – $304.0K
NOI $18,239 @ 7.0% cap · market cap 3.23%
Second Best
Apartment 5plus
$239.0K
$209.1K – $278.8K
NOI $16,727 @ 7.0% cap · market cap 2.96%
Theoretical Best
Office A
$466.6K
$408.3K – $544.4K
NOI $32,665 @ 7.0% cap · market cap 5.78%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
190
Businesses Nearby
Explore this area
Business Placement
Demographics for 84604, UT
45,503
Population
13,285
Households
3.4
Avg Household Size
26
Median Age
56%
College-Educated
98%
High-School Grad
94.8 sq mi
ZIP Area
480
Density / Sq Mi
$74,522
Median Household Income
$16,799
Median Earnings
$1,128
Median Rent
$520,500
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 - Legal duplex with separate utility meters, covered parking, and individual storage areas for both residences.
Where is this duplex located?
The property is located at 1785 N 550 W Provo, UT.
What is the asking price?
The asking price for this property is $565,000.
What are key features of this property?
This property features: 1,692‑square‑foot legal duplex on a 0.17‑acre parcel; Basement apartment with separate entrance access; 2024 roof replacement and new upstairs swamp cooler
