Updated Duplex with Private
2052 N 940 W Provo, UT 84604
For Sale
$689,000
Updated duplex offering 3 bedrooms and 1 bathroom per unit, each with a private backyard.
Property Size2,214 SF
Price / SF$311.20
Days on Market607
Property Features for 2052 N 940 W
General Information
- Standard status
- Active
- Size
- 2,214 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1977
Listing Agency:
Coldwell Banker Realty (Provo-Orem-Sundance)
(678) 735-9463
Listed By:
Jann Bassett · License #11486860
(678) 735-9463
Source:
Exitrealty
Added: Nov 23, 2024
Changed: Jul 22
Last Checked: Jul 23 at 8:01AM
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 Coldwell Banker Realty (Provo-Orem-Sundance)
Investment Insights
Based on property information with market context.
This updated duplex includes two separate units, each offering 3 bedrooms and 1 bathroom. Both homes feature spacious living areas and well-sized bedrooms, along with a private backyard for outdoor use.
The property is located in a quiet, residential neighborhood. It is zoned R-2, which may provide flexibility for future development or multi-family use.
Each unit is designed as a self-contained residence, making the layout well suited for tenants who value privacy and outdoor space.
The property is located in a quiet, residential neighborhood. It is zoned R-2, which may provide flexibility for future development or multi-family use.
Each unit is designed as a self-contained residence, making the layout well suited for tenants who value privacy and outdoor space.
Key Highlights
- Updated duplex built in 1977 with 3 bedrooms and 1 bathroom per unit
- Each unit features spacious living areas and well‑sized bedrooms
- Private backyard included for each home
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 | $35.9k | $16.20 |
| − Vacancy | −$1.8k | −$0.80 |
| EGI | $34.1k | $15.40 |
| − OpEx | −$10.2k | −$4.62 |
| NOI | $23.9k | $10.78 |
2,214 SF · lease $16.20/SF/yr · vacancy 4.94% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$340.9K
$298.3K – $397.8K
NOI $23,866 @ 7.0% cap · market cap 3.46%
Second Best
Apartment 5plus
$312.7K
$273.6K – $364.8K
NOI $21,887 @ 7.0% cap · market cap 3.18%
Theoretical Best
Office A
$610.6K
$534.3K – $712.4K
NOI $42,743 @ 7.0% cap · market cap 6.20%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Updated duplex offering 3 bedrooms and 1 bathroom per unit, each with a private backyard.
Where is this duplex located?
The property is located at 2052 N 940 W Provo, UT.
What is the asking price?
The asking price for this property is $689,000.
What are key features of this property?
This property features: Updated duplex built in 1977 with 3 bedrooms and 1 bathroom per unit; Each unit features spacious living areas and well‑sized bedrooms; Private backyard included for each home
