Updated Duplex with Historic
227 E 300 N, Provo, UT 84606
For Sale
$625,000
Pending
Two residential units combine period character with refreshed interiors and shared basement laundry access.
Property Size2,240 SF
Days on Market55
Property Features for 227 E 300 N
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Additional Details
Multifamily Units
Amenities
basement laundry facilities
Building Details
Year Built
Buildings
Listing Agency:
Berkshire Hathaway Homeservices Elite Real Estate
Listed By:
Midway Utah Real Estate Team
(435) 640-7231
Source:
Midwayutahrealestate
Added: Sep 20
Changed: Nov 12
Last Checked: Nov 12 at 8:06AM
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 Berkshire Hathaway Homeservices Elite Real Estate
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Investment Insights
Based on property information with market context.
Built in 1925, this 2,240-square-foot duplex pairs historic residential character with practical interior updates. Both units have updated kitchens and new LVP flooring, creating a refreshed finish while retaining the appeal of an older home. Shared basement laundry facilities are accessible to both units.
The property is located a few blocks south of BYU in Provo, with walking and biking access to shopping, dining, parks, entertainment, downtown, and central Provo amenities. Its two-unit configuration supports both rental use and an owner-occupant arrangement with income from the second unit.
The property is located a few blocks south of BYU in Provo, with walking and biking access to shopping, dining, parks, entertainment, downtown, and central Provo amenities. Its two-unit configuration supports both rental use and an owner-occupant arrangement with income from the second unit.
Key Highlights
- 2,240‑square‑foot duplex built in 1925
- Two units with updated kitchens and new LVP flooring
- Shared basement laundry facilities with access for both units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,147
Cap Rate
3.86%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$482,940
$482.9K
Cap Rate 7%
$344,957
$345.0K
Cap Rate 9%
$268,300
$268.3K
Market Conditions
NOI Build-Up for 2,240 SF
Gross rent
$36.3K $16.20/SF
− Vacancy
−$1.8K −$0.80/SF
EGI
$34.5K $15.40/SF
− OpEx
−$10.3K −$4.62/SF
NOI
$24.1K $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%
$482,940
Cap Rate 7%
$344,957
Cap Rate 9%
$268,300
Alternative Uses
Best Use
Multifamily LT 5
$345.0K
$301.8K – $402.5K
NOI $24,147 @ 7.0% cap · market cap 3.86%
Second Best
Apartment 5plus
$316.3K
$276.8K – $369.1K
NOI $22,144 @ 7.0% cap · market cap 3.54%
Theoretical Best
Office A
$617.8K
$540.6K – $720.8K
NOI $43,245 @ 7.0% cap · market cap 6.92%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
2,471
Businesses Nearby
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Business Placement
Demographics for 84606, UT
33,791
Population
11,428
Households
3
Avg Household Size
25
Median Age
45%
College-Educated
95%
High-School Grad
11.6 sq mi
ZIP Area
2,913
Density / Sq Mi
$52,110
Median Household Income
$14,955
Median Earnings
$1,149
Median Rent
$407,600
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Provo, UT
Properties on Market for Duplexes in Provo
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Two residential units combine period character with refreshed interiors and shared basement laundry access.
Where is this duplex located?
The property is located at 227 E 300 N Provo, UT.
What is the asking price?
The asking price for this property is $625,000.
What are key features of this property?
This property features: 2,240‑square‑foot duplex built in 1925; Two units with updated kitchens and new LVP flooring; Shared basement laundry facilities with access for both units
