Student Housing Apartment
1960 N CANYON RD, Provo, UT 84604
For Sale
$14,500,000
Pending
The Provo community is within walking distance of BYU’s academic, athletic and student-life facilities.
Property Size50,000 SF
Days on Market428
Property Features for 1960 N CANYON RD
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Listing Agency:
Marcus & Millichap Real Estate Investment Services, INC
Listed By:
Evan Clark · License ID #8071166, UT 10187590-SA00
(801) 736-2632
Source:
Moveutahrealestate
Added: Sep 12, 2025
Changed: Nov 8
Last Checked: Nov 13 at 6:26PM
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 Marcus & Millichap Real Estate Investment Services, INC
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Stadium150 is an apartment community in Provo, Utah, developed for student housing. The property was built in 1965.
The community is north of BYU’s LaVell Edwards Stadium and within walking distance of the university’s academic, athletic and student-life facilities.
The community is north of BYU’s LaVell Edwards Stadium and within walking distance of the university’s academic, athletic and student-life facilities.
Key Highlights
- Student housing community in Provo, Utah
- Built in 1965
- North of BYU’s LaVell Edwards Stadium
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$494,287
Cap Rate
3.41%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$9,885,740
$9.9M
Cap Rate 7%
$7,061,243
$7.1M
Cap Rate 9%
$5,492,078
$5.5M
Market Conditions
NOI Build-Up for 50,000 SF
Gross rent
$948.0K $18.96/SF
− Vacancy
−$49.3K −$0.99/SF
EGI
$898.7K $17.97/SF
− OpEx
−$404.4K −$8.09/SF
NOI
$494.3K $9.89/SF
Area
Provo, UT
Vacancy
5.20%
Lease Rate
$18.96 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$9,885,740
Cap Rate 7%
$7,061,243
Cap Rate 9%
$5,492,078
Alternative Uses
Best Use
Apartment 5plus
$7.06M
$6.18M – $8.24M
NOI $494,287 @ 7.0% cap · market cap 3.41%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$13.79M
$12.07M – $16.09M
NOI $965,290 @ 7.0% cap · market cap 6.66%
Zoning and permitted uses should be independently verified with authorities.
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Who owns this building?
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Open Analytics
Location Intelligence
Trade Area within ½ mile
1,091
Businesses Nearby
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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
$520,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Apartment buildings in Utah County, UT
Properties on Market for Apartment buildings in Utah County
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - The Provo community is within walking distance of BYU’s academic, athletic and student-life facilities.
Where is this apartment building located?
The property is located at 1960 N CANYON RD Provo, UT.
What is the asking price?
The asking price for this property is $14,500,000.
What are key features of this property?
This property features: Student housing community in Provo, Utah; Built in 1965; North of BYU’s LaVell Edwards Stadium
