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Provo Multifamily Investment Opportunity

2030 Nevada Cir, Provo, UT 84606

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For Sale

$1,225,000

Six-unit multifamily community in Provo, near BYU.

Type:Multifamily

HighLights

Value‑add opportunity with 20‑30% below‑market rents achievable through light interior renovations.
Located in Provo, Utah, a dynamic, university‑anchored rental market.
Strong rental demand driven by Brigham Young University's 30,000+ student population.
Positioned within the rapidly expanding Silicon Slopes tech corridor.
Spacious two‑bedroom floorplans appealing to students, young professionals, and university staff.
Potential for NOI expansion and accelerated equity growth through strategic upgrades.

We can help!

Listing Contact

Evan Clark

Learn more

For Sale

$1,225,000

Six-unit multifamily community in Provo, near BYU.

Type:Multifamily

Added:: Apr 3, 2026
Days on Market:: 67
Last Refresh:: Apr 3 at 5:11 am

Property Features for 2030 Nevada Cir

General Information

Standard status: Active
Property subtype: Multifamily

We can help!

Listing Contact

Evan Clark

Listing agent Evan Clark License #UT: 10187590-SA00, ID: 8071166

Listing office Salt Lake City Office

Listing date Apr 3, 2026

Source Marcusmillichap

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 Salt Lake City Office

HighLights

Value‑add opportunity with 20‑30% below‑market rents achievable through light interior renovations.
Located in Provo, Utah, a dynamic, university‑anchored rental market.
Strong rental demand driven by Brigham Young University's 30,000+ student population.
Positioned within the rapidly expanding Silicon Slopes tech corridor.
Spacious two‑bedroom floorplans appealing to students, young professionals, and university staff.
Potential for NOI expansion and accelerated equity growth through strategic upgrades.

Overview

Nevada Circle is a 6-unit multifamily community located in Provo, Utah, a dynamic, university-anchored rental market. The property benefits from strong underlying demand driven by Brigham Young University’s 30,000+ student population and Provo’s position within the rapidly expanding Silicon Slopes tech corridor. This dual demand base supports sustained occupancy, consistent rent growth, and long-term investment stability. Nevada Circle features spacious two-bedroom floorplans that appeal to students, young professionals, and university staff seeking functional layouts and long-term housing options. The unit mix attracts stable tenants willing to pay premium rents, contributing to reduced turnover and predictable cash flow. Current in-place rents remain approximately 20%–30% below market, presenting a clear and immediate value-add opportunity through light interior renovations and targeted amenity enhancements. Strategic upgrades, including updated kitchens, flooring, and fixtures, can support mark-to-market rents while maintaining strong occupancy, creating a defined path to NOI expansion and accelerated equity growth. Positioned within one of Utah’s fastest-growing markets, Nevada Circle offers investors a compelling blend of stability, upside, and durable fundamentals.

Location Intelligence

Current Use by Public Records

Apartment buildings

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Location Insight

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Local Demand

City: Provo
County: Utah
State: Utah
Longitude: -111.6234471
Latitude: 40.2044574

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For sale
Apartment buildings
UT
Provo
84606
2030 Nevada Cir

What type of property is this?

Apartment building - Six-unit multifamily community in Provo, near BYU.

Where is this apartment building located?

The property is located at 2030 Nevada Cir Provo, UT.

What is the asking price?

The asking price for this property is $1,225,000.

What are key features of this property?

This property features: Value‑add opportunity with 20‑30% below‑market rents achievable through light interior renovations.; Located in Provo, Utah, a dynamic, university‑anchored rental market.; Strong rental demand driven by Brigham Young University's 30,000+ student population.

2030 Nevada Cir, Provo, UT 84606

Six-unit multifamily community in Provo, near BYU.

Property Features for 2030 Nevada Cir

General Information

We can help!

HighLights

Overview

Current Use by Public Records

Suggested Use

Location Insight

Nearby Similar for Sale

Modern Single-Tenant Commercial Building

Commercial Investment Opportunity in Provo

Provo Turnkey Duplex on Large Lot

Provo Duplex Near LDS Temple

Duplex Near BYU South Campus

Updated Duplex in Prime Location

21-Unit Apartment Complex in Provo

Duplex with Upstairs Expansion Potential

Provo Fourplex Near BYU Campus

Nail Salon in Prime Location

Provo Duplex Investment Opportunity

Provo Duplex Investment Opportunity

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