Side-by-Side Duplex with
For Sale
$450,000
369 W 200 N, Provo, UT 84601
Residential, Provo, UT
Property Size2,293 SF
Lot Size0.11 Acres
Price / SF$196.25
Days on Market51
Property Features for 369 W 200 N
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
Multi-Family
Zoning description
RC
Bedrooms
3
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 2, Bathroom 2, Bedroom 1, Bedroom 3, Bathroom 1
Parking
4
Parking features
Covered
Patio and Porch features
Patio
Exterior features
Patio: Covered
Lot features
Curb & Gutter, Fenced: Full, Road: Paved, Sidewalks, View: Mountain
Elementary school
Timpanogos
Middle school
Dixon
High school
Provo
Elementary school district
Provo
Middle school district
Provo
High school district
Provo
Subdivision
Provo; Mamth; Springville
Standard status
Active
APN
04-080-0013
Size
2,293 SF
Lot size
0.11 Acres
Taxes and HOA fees
Tax Annual Amount
2456
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas, Central
Amenities
off-street and on-street parking
yard
shared laundry
Building Details
Year built
1900
Number of units
2
Flooring type
Carpet, Linoleum
Roof type
Asphalt
Architectural style
Other
Listing Agency:
Equity Real Estate (Results)
(801) 610-9394
Listed By:
Carolyn Hardman
(801) 367-5187
Added: Jul 13
Changed: Aug 24
Last Checked: Sep 1 at 1:06AM
MLS# 2172729
Copyright © 2026 UtahRealEstate.com. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 2,293-square-foot duplex contains two side-by-side residences: one with 2 bedrooms and 1 bathroom, and another with 1 bedroom and 1 bathroom. The larger unit is vacant, while the smaller unit is occupied under a lease ending October 1, 2026, followed by a month-to-month term with 60 days’ notice. The property includes shared laundry, a yard, a covered patio, covered parking, carpet and linoleum flooring, central natural-gas heat, an asphalt roof, and public sewer service.
Set on 0.11 acres in Provo, the property offers both off-street and on-street parking. Its central setting places it close to universities, shopping, and dining. Multi-Family zoning supports the duplex configuration.
Set on 0.11 acres in Provo, the property offers both off-street and on-street parking. Its central setting places it close to universities, shopping, and dining. Multi-Family zoning supports the duplex configuration.
Key Highlights
- 2,293‑square‑foot side‑by‑side duplex on a 0.11‑acre lot
- Unit mix includes 2 bedrooms/1 bathroom and 1 bedroom/1 bathroom
- One unit is vacant; the other is leased through October 1, 2026
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$24,718
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.49%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
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.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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.
Property Analytics
Property Profile
Current Use
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
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two-unit property with one vacant residence and one occupied unit under a lease through October 1, 2026.
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: 2,293‑square‑foot side‑by‑side duplex on a 0.11‑acre lot; Unit mix includes 2 bedrooms/1 bathroom and 1 bedroom/1 bathroom; One unit is vacant; the other is leased through October 1, 2026
