Brick Duplex with Covered
For Sale
$725,000
372 N 800 E, Provo, UT 84606
Residential, Provo, UT
Property Size2,242 SF
Lot Size0.16 Acres
Price / SF$323.37
Days on Market48
Property Features for 372 N 800 E
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
Single-Family, Multi-Fami
Zoning description
RES
Bedrooms
6
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Bedroom 3, Bathroom 1, Bedroom 4, Bedroom 2, Bedroom 1, Bedroom 5, Bedroom 6
Parking features
Covered
Exterior features
Basement Entrance
Subdivision
MENLOVE
Lot features
Curb & Gutter, Sidewalks, View: Mountain
Elementary school
Provo Peaks
Middle school
Centennial
High school
Timpview
Elementary school district
Provo
Middle school district
Provo
High school district
Provo
Standard status
Active
APN
46-067-0020
Size
2,242 SF
Lot size
0.16 Acres
Taxes and HOA fees
Tax Annual Amount
2807
Utilities
Sewer type
Public Sewer
Heating system
Forced Air
Building Details
Year built
1948
Number of units
2
Building materials
Brick
Roof type
Asphalt
Architectural style
Other
Listing Agency:
Berkshire Hathaway HomeServices Elite Real Estate
(801) 224-9011
Listed By:
Stephanie Bagley
(801) 455-1709
Added: Jul 7
Changed: Aug 21
Last Checked: Aug 23 at 1:06AM
MLS# 2170244
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 legal duplex contains 2,242 square feet on a 0.16-acre lot and includes six bedrooms and two bathrooms. Built in 1948, the brick property has a new asphalt roof, new interior and exterior paint, forced-air heating, a basement entrance, covered parking, and public sewer service. Contents within the home are included in the sale.
The property is located at 372 N 800 E in Provo, Utah, with zoning identified as Single-Family, Multi-Fami. It is approximately two minutes from BYU and sits on Provo’s east side. Both units are currently rented, and the property is being offered as part of a 1031 Exchange transaction.
The property is located at 372 N 800 E in Provo, Utah, with zoning identified as Single-Family, Multi-Fami. It is approximately two minutes from BYU and sits on Provo’s east side. Both units are currently rented, and the property is being offered as part of a 1031 Exchange transaction.
Key Highlights
- Legal duplex with 2,242 square feet, six bedrooms, and two bathrooms
- Fully rented property with annual gross scheduled rents of $42,000+
- 0.16‑acre lot in Provo, Utah, approximately two minutes from BYU
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
$24,168
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
3.33%
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%
$483,360
$483.4K
Cap Rate 7%
$345,257
$345.3K
Cap Rate 9%
$268,533
$268.5K
Market Conditions
NOI Build-Up for 2,242 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
$36.3K $16.20/SF
− Vacancy
−$1.8K −$0.80/SF
EGI
$34.5K $15.40/SF
− OpEx
−$10.4K −$4.62/SF
NOI
$24.2K $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%
$483,360
Cap Rate 7%
$345,257
Cap Rate 9%
$268,533
Alternative Uses
Best Use
Multifamily LT 5
$345.3K
$302.1K – $402.8K
NOI $24,168 @ 7.0% cap · market cap 3.33%
Second Best
Apartment 5plus
$316.6K
$277.1K – $369.4K
NOI $22,164 @ 7.0% cap · market cap 3.06%
Theoretical Best
Office A
$618.3K
$541.1K – $721.4K
NOI $43,284 @ 7.0% cap · market cap 5.97%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
823
Businesses Nearby
Explore this area
Business Placement
Demographics for 84606, UT
33,791
Population
11,428
Households
3
Avg Household Size
25
Median Age
45%
College-Educated
95%
High-School Grad
11.6 sq mi
ZIP Area
2,913
Density / Sq Mi
$52,110
Median Household Income
$14,955
Median Earnings
$1,149
Median Rent
$407,600
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Fully rented two-unit residence with recent roof and interior and exterior paint updates.
Where is this duplex located?
The property is located at 372 N 800 E Provo, UT.
What is the asking price?
The asking price for this property is $725,000.
What are key features of this property?
This property features: Legal duplex with 2,242 square feet, six bedrooms, and two bathrooms; Fully rented property with annual gross scheduled rents of $42,000+; 0.16‑acre lot in Provo, Utah, approximately two minutes from BYU
