Fourplex with Back Storage
232 400 Provo, UT 84606
232 400, Provo, UT, 84606
$875,000
For Sale
$875,000
Four 1-bedroom, 1-bath units plus four back storage units that rent for $75 per month each.
Property Size2,560 SF
Price / SF$341.80
Days on Market197
Property Features for 232 400
General Information
- Standard status
- Active
- Size
- 2,560 SF
- Property subtype
- Fourplex
Listing Agency
Stringham West Realty
(801) 377-8141
Listed by
Richard Stringham
Source
Xome
Added: Jan 5 Updated: Jul 20 at 4:49 pm Checked: Jul 20 at 4:49 pm
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 Stringham West Realty
Investment Insights
Based on property information with market context.
This well-kept fourplex includes four 1-bedroom, 1-bath residential units, each described as offering efficient layouts. The property also has four storage units located in the back, generating additional income at $75 per unit per month.
The asset is for sale in Provo, UT and is described as being just minutes from the BYU campus, with nearby shopping and dining.
As configured, the property provides a multifamily setup paired with on-site storage, which can be useful for tenants seeking nearby storage and for an owner looking to diversify income streams within the same facility.
The asset is for sale in Provo, UT and is described as being just minutes from the BYU campus, with nearby shopping and dining.
As configured, the property provides a multifamily setup paired with on-site storage, which can be useful for tenants seeking nearby storage and for an owner looking to diversify income streams within the same facility.
Key Highlights
- 4‑plex with four 1‑bedroom, 1‑bath units
- Also includes four back storage units that rent for $75 per unit per month
- Range/Oven free standing appliances included in the units
Local 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 | $41.5k | $16.20 |
| − Vacancy | −$2.0k | −$0.80 |
| EGI | $39.4k | $15.40 |
| − OpEx | −$11.8k | −$4.62 |
| NOI | $27.6k | $10.78 |
2,560 SF · lease $16.20/SF/yr · vacancy 4.94% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$394.2K
$345.0K – $459.9K
NOI $27,596 @ 7.0% cap · market cap 3.15%
Second Best
Apartment 5plus
$361.5K
$316.4K – $421.8K
NOI $25,308 @ 7.0% cap · market cap 2.89%
Theoretical Best
Office A
$706.0K
$617.8K – $823.7K
NOI $49,423 @ 7.0% cap · market cap 5.65%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Quadplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Quadplex - Four 1-bedroom, 1-bath units plus four back storage units that rent for $75 per month each.
Where is this quadplex located?
The property is located at 232 400 Provo, UT.
What is the asking price?
The asking price for this property is $875,000.
What are key features of this property?
This property features: 4‑plex with four 1‑bedroom, 1‑bath units; Also includes four back storage units that rent for $75 per unit per month; Range/Oven free standing appliances included in the units
