Side-by-Side
For Sale
$450,000
369 W 200 N, Provo, UT 84601
Two-bedroom vacant unit and a tenant-occupied one-bedroom unit with shared laundry, plus off-street and on-street parking.
Property Size2,293 SF
Price / SF$196.25
Days on Market100
Property Features for 369 W 200 N
General Information
Standard status
Active
Size
2,293 SF
Property subtype
Duplex
Additional Details
Multifamily Units
2
Building Details
Building Size
2,293 SF
Year Built
1900
Listing Agency:
Equity Real Estate (Results)
(801) 610-9394
Listed By:
Carolyn Hardman
(801) 367-5187
Source:
Liftrealty
Added: Jul 13
Changed: Oct 19
Last Checked: Oct 19 at 10:02AM
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 Equity Real Estate (Results)
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Investment Insights
Based on property information with market context.
This side-by-side duplex offers two separate residential units with shared laundry and a nice yard. One unit is currently vacant and includes 2 bedrooms and 1 bathroom, providing immediate flexibility for an owner-occupant or a new tenant. The second unit is tenant occupied and features 1 bedroom and 1 bathroom; rent is $900 per month with an increase to $950 in May, and the current lease runs through August 1, 2026.
Parking is available both off street and on street. The property is described as being in a central Provo location, close to universities, shopping, and dining.
All information should be verified by the buyer and buyer’s agent, including square footage, as noted in the remarks.
Parking is available both off street and on street. The property is described as being in a central Provo location, close to universities, shopping, and dining.
All information should be verified by the buyer and buyer’s agent, including square footage, as noted in the remarks.
Key Highlights
- Side‑by‑side duplex in Provo built in 1900
- 2‑bedroom / 1‑bath unit currently vacant
- 1‑bedroom / 1‑bath unit is tenant occupied at $900/month, increasing to $950 in May
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,718
Cap Rate
5.49%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$494,360
$494.4K
Cap Rate 7%
$353,114
$353.1K
Cap Rate 9%
$274,644
$274.6K
Market Conditions
NOI Build-Up for 2,293 SF
Gross rent
$37.1K $16.20/SF
− Vacancy
−$1.8K −$0.80/SF
EGI
$35.3K $15.40/SF
− OpEx
−$10.6K −$4.62/SF
NOI
$24.7K $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%
$494,360
Cap Rate 7%
$353,114
Cap Rate 9%
$274,644
Alternative Uses
Best Use
Multifamily LT 5
$353.1K
$309.0K – $412.0K
NOI $24,718 @ 7.0% cap · market cap 5.49%
Second Best
Apartment 5plus
$323.8K
$283.4K – $377.8K
NOI $22,668 @ 7.0% cap · market cap 5.04%
Theoretical Best
Office A
$632.4K
$553.4K – $737.8K
NOI $44,268 @ 7.0% cap · market cap 9.84%
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
2,587
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
Check the figures for this property
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 - Two-bedroom vacant unit and a tenant-occupied one-bedroom unit with shared laundry, plus off-street and on-street parking.
Where is this duplex located?
The property is located at 369 W 200 N Provo, UT.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Side‑by‑side duplex in Provo built in 1900; 2‑bedroom / 1‑bath unit currently vacant; 1‑bedroom / 1‑bath unit is tenant occupied at $900/month, increasing to $950 in May
