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Updated Triplex with Rear Parking
For Sale
Contact for pricing
Pending

256 N 500 W, Provo, UT 84601

Three-unit property with renovated interiors, basement storage, shared laundry, and flexible living arrangements.

Property SizeContact for details
Days on Market143

Property Features for 256 N 500 W

General Information

Standard status Pending
Property subtype Multifamily
Listing Agency: KW Commercial KW Westfield Keller Williams Real Estate
Listed By: Amy Kendall · License #UT 6763564-BB00
Source: Crexi
Added: Apr 11 Changed: Aug 29 Last Checked: Aug 31 at 9:57AM

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 KW Commercial KW Westfield Keller Williams Real Estate

Investment Insights

Based on property information with market context.

This triplex includes two one-bedroom units with tall ceilings and a separate two-story, two-bedroom unit positioned at the rear. Interior improvements include remodeled bathrooms, new countertops and dishwashers, fresh paint, repaired windows, restored original hardwood flooring, and plumbing upgrades. A new water main has also been installed.

The property provides rear parking, basement storage, and shared laundry for residents. Its location is a few blocks from downtown Provo, Trax, and Utah Valley Hospital. The combination of multiple unit configurations and updated building systems supports either continued rental use or an owner-occupancy arrangement with additional units available for rent.

Key Highlights

  • Triplex with two 1‑bedroom units and one 2‑bedroom unit
  • Rear unit offers a 2‑story layout
  • New water main plus plumbing improvements

Property Analytics

Current Use

Triplexes

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Grocery & Convenience Store Carpet & Flooring Store Daycare Center Wine and Liquor Store Food Market

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

2,427
Businesses Nearby

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

Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
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Frequently Asked Questions

What type of property is this?
Triplex - Three-unit property with renovated interiors, basement storage, shared laundry, and flexible living arrangements.
Where is this triplex located?
The property is located at 256 N 500 W Provo, UT.
What are key features of this property?
This property features: Triplex with two 1‑bedroom units and one 2‑bedroom unit; Rear unit offers a 2‑story layout; New water main plus plumbing improvements
More about this property
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