Duplex with Separate Tax
For Sale
$699,000
255 N 600 W, Provo, UT 84601
The two residences have separate gas and electric meters, while sharing a water meter.
Property Size2 SF
Price / SF$310.67
Days on Market15
Property Features for 255 N 600 W
General Information
Standard status
Active
Size
2 SF
Property subtype
Duplex
Additional Details
Multifamily Units
2
Building Details
Building Size
2 SF
Year Built
1999
Listing Agency:
Berkshire Hathaway HomeServices Elite Real Estate
(801) 224-9011
Listed By:
Mark Wilkinson
(801) 836-1965
Source:
Liftrealty
Added: Oct 2
Changed: Oct 15
Last Checked: Oct 15 at 2:10AM
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.
This 1999 duplex near downtown Provo includes two residences, each assigned its own tax ID. The owner is selling the property only as a combined asset, not as separate units. The main-floor residence has been updated with new paint, carpet, granite countertops, and appliances.
Both residences share a water meter and have separate gas and electric meters.
Both residences share a water meter and have separate gas and electric meters.
Key Highlights
- Each residence has a separate tax ID; sale is limited to both units together
- Main‑floor residence updated with paint, carpet, granite countertops, and appliances
- Separate gas and electric meters; shared water meter
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,255
Cap Rate
3.47%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$485,100
$485.1K
Cap Rate 7%
$346,500
$346.5K
Cap Rate 9%
$269,500
$269.5K
Market Conditions
NOI Build-Up for 2,250 SF
Gross rent
$36.5K $16.20/SF
− Vacancy
−$1.8K −$0.80/SF
EGI
$34.6K $15.40/SF
− OpEx
−$10.4K −$4.62/SF
NOI
$24.3K $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%
$485,100
Cap Rate 7%
$346,500
Cap Rate 9%
$269,500
Alternative Uses
Best Use
Multifamily LT 5
$346.5K
$303.2K – $404.3K
NOI $24,255 @ 7.0% cap · market cap 3.47%
Second Best
Apartment 5plus
$317.8K
$278.0K – $370.7K
NOI $22,243 @ 7.0% cap · market cap 3.18%
Theoretical Best
Office A
$620.5K
$543.0K – $724.0K
NOI $43,438 @ 7.0% cap · market cap 6.21%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
2,721
Businesses Nearby
Explore this area
Business Placement
Demographics for 84601, UT
33,986
Population
11,673
Households
2.9
Avg Household Size
27
Median Age
33%
College-Educated
86%
High-School Grad
13.3 sq mi
ZIP Area
2,555
Density / Sq Mi
$64,758
Median Household Income
$30,548
Median Earnings
$1,173
Median Rent
$370,300
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - The two residences have separate gas and electric meters, while sharing a water meter.
Where is this duplex located?
The property is located at 255 N 600 W Provo, UT.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: Each residence has a separate tax ID; sale is limited to both units together; Main‑floor residence updated with paint, carpet, granite countertops, and appliances; Separate gas and electric meters; shared water meter
