Single-Level 4-Unit
2944 W Center St, Provo, UT 84601
For Sale
New
$750,000
Three residences have been updated, and three include washers and dryers.
Property Size2,400 SF
Price / SF$312.50
Days on Market6
Property Features for 2944 W Center St
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Additional Details
Multifamily Units
Amenities
washer and dryer
Building Details
Year Built
Stories
Listing Agency:
Real Estate Essentials
Listed By:
Besst Realty Group
(801) 782-4575
Source:
Brgut
Added: Nov 4
Changed: Nov 9
Last Checked: Nov 8 at 6:22AM
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 Real Estate Essentials
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Investment Insights
Based on property information with market context.
This 2,400-square-foot quadplex contains four single-level units. The roof, siding, and windows were replaced in 2019, and three units were remodeled within the past two years. Washers and dryers are included in three units.
The property is five minutes from Provo Airport and eight minutes from UVU or BYU.
The property is five minutes from Provo Airport and eight minutes from UVU or BYU.
Key Highlights
- Four units in a single‑level layout
- 2,400 square feet
- Roof, siding, and windows updated in 2019
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,872
Cap Rate
3.45%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$517,440
$517.4K
Cap Rate 7%
$369,600
$369.6K
Cap Rate 9%
$287,467
$287.5K
Market Conditions
NOI Build-Up for 2,400 SF
Gross rent
$38.9K $16.20/SF
− Vacancy
−$1.9K −$0.80/SF
EGI
$37.0K $15.40/SF
− OpEx
−$11.1K −$4.62/SF
NOI
$25.9K $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%
$517,440
Cap Rate 7%
$369,600
Cap Rate 9%
$287,467
Alternative Uses
Best Use
Multifamily LT 5
$369.6K
$323.4K – $431.2K
NOI $25,872 @ 7.0% cap · market cap 3.45%
Second Best
Apartment 5plus
$338.9K
$296.6K – $395.4K
NOI $23,726 @ 7.0% cap · market cap 3.16%
Theoretical Best
Office A
$661.9K
$579.2K – $772.2K
NOI $46,334 @ 7.0% cap · market cap 6.18%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
118
Businesses Nearby
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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
$370,300
Median Home Value
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Market
Average Price Trend$/SF for Quadplexes in Utah County, UT
Properties on Market for Quadplexes in Utah County
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Quadplex - Three residences have been updated, and three include washers and dryers.
Where is this quadplex located?
The property is located at 2944 W Center St Provo, UT.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: Four units in a single‑level layout; 2,400 square feet; Roof, siding, and windows updated in 2019
