Brick Duplex Near BYU
For Sale
$580,000
380 200, Provo, UT 84606
Two-unit property with a separately rentable rear garage, on-site parking, and access to shopping and transit.
Property Size2,154 SF
Price / SF$269.27
Days on Market221
Property Features for 380 200
General Information
Standard status
Active
Size
2,154 SF
Property subtype
Duplex
Taxes and HOA fees
Annual Taxes
$2,620
Amenities
3
Carpet
Electric Dryer
Window Blinds
Asphalt
Sprinkler System.
3 Parking Spaces.
Brick
Mountain
Sprinkler System
0.0x0.0x0.0
Curb & Gutter, Sidewalks. Paved Road, Curbs & gutters.
Building Details
Year Built
1946
Listing Agency:
Stringham West Realty
(801) 377-8141
Listed By:
Richard Stringham · License #5498546
Source:
Xome
Added: Jan 23
Changed: Aug 31
Last Checked: Aug 31 at 2:07PM
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 Stringham West Realty
Investment Insights
Based on property information with market context.
This 2,154-square-foot duplex contains two residential units with functional layouts, carpeted interiors, window blinds, and electric range/oven appliances. The property is constructed with brick and includes a rear garage that is rented separately. Exterior improvements include asphalt surfacing, a sprinkler system, sidewalks, and curbs and gutters.
Located in Provo near BYU campus, the property also offers proximity to shopping and transit. Three parking spaces are provided on site, and the paved road supports direct property access. The address is 380 200, Provo, UT 84606.
Located in Provo near BYU campus, the property also offers proximity to shopping and transit. Three parking spaces are provided on site, and the paved road supports direct property access. The address is 380 200, Provo, UT 84606.
Key Highlights
- 2,154‑square‑foot duplex with two residential units
- Rear garage rented separately from the duplex
- 3 parking spaces on site
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
$23,220
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
4.00%
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%
$464,400
$464.4K
Cap Rate 7%
$331,714
$331.7K
Cap Rate 9%
$258,000
$258.0K
Market Conditions
NOI Build-Up for 2,154 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
$34.9K $16.20/SF
− Vacancy
−$1.7K −$0.80/SF
EGI
$33.2K $15.40/SF
− OpEx
−$10.0K −$4.62/SF
NOI
$23.2K $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%
$464,400
Cap Rate 7%
$331,714
Cap Rate 9%
$258,000
Alternative Uses
Best Use
Multifamily LT 5
$331.7K
$290.3K – $387.0K
NOI $23,220 @ 7.0% cap · market cap 4.00%
Second Best
Apartment 5plus
$304.2K
$266.2K – $354.9K
NOI $21,294 @ 7.0% cap · market cap 3.67%
Theoretical Best
Office A
$594.1K
$519.8K – $693.1K
NOI $41,585 @ 7.0% cap · market cap 7.17%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,553
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
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Frequently Asked Questions
What type of property is this?
Duplex - Two-unit property with a separately rentable rear garage, on-site parking, and access to shopping and transit.
Where is this duplex located?
The property is located at 380 200 Provo, UT.
What is the asking price?
The asking price for this property is $580,000.
What are key features of this property?
This property features: 2,154‑square‑foot duplex with two residential units; Rear garage rented separately from the duplex; 3 parking spaces on site
