Duplex Near University
386 N 500 E Provo, UT 84606
For Sale
Contact for pricing
Duplex with two rental units, including washer/dryer hookups and a roof replacement completed in 2021.
Property Size2,678 SF
Price / SF$289.40
Days on Market90
Property Features for 386 N 500 E
General Information
Standard status
Active
Size
2,678 SF
Property subtype
Multifamily
Building Details
Year Built
1903
Listing Agency:
Investment Realty Advisors
(435) 485-7070
Listed By:
Cory Waddoups · License #UT
Source:
Crexi
Added: May 1
Changed: Jul 22
Last Checked: Jul 29 at 3:08PM
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 Investment Realty Advisors
Investment Insights
Based on property information with market context.
This duplex offers two separate residential rental units. The larger unit includes 5 bedrooms and 2 bathrooms, and the second unit includes 3 bedrooms and 1 bathroom. Both units provide washer/dryer hookups, and each has received cosmetic updates in recent years. The roof was replaced in 2021.
The property is located just steps from Brigham Young University South Campus, supporting convenient access for tenants.
With two independently leased units, the layout provides straightforward income-producing functionality for a residential income buyer.
The property is located just steps from Brigham Young University South Campus, supporting convenient access for tenants.
With two independently leased units, the layout provides straightforward income-producing functionality for a residential income buyer.
Key Highlights
- Duplex built in 1903 with 2 rental units near Brigham Young University South Campus
- Larger unit: 5 bedrooms and 2 bathrooms, currently rented for $2,400/month
- Second unit: 3 bedrooms and 1 bathroom, currently rented for $1,500/month
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $43.4k | $16.20 |
| − Vacancy | −$2.1k | −$0.80 |
| EGI | $41.2k | $15.40 |
| − OpEx | −$12.4k | −$4.62 |
| NOI | $28.9k | $10.78 |
2,678 SF · lease $16.20/SF/yr · vacancy 4.94% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$412.4K
$360.9K – $481.1K
NOI $28,868 @ 7.0% cap · market cap 3.72%
Second Best
Apartment 5plus
$378.2K
$330.9K – $441.2K
NOI $26,474 @ 7.0% cap · market cap 3.42%
Theoretical Best
Office A
$738.6K
$646.3K – $861.7K
NOI $51,701 @ 7.0% cap · market cap 6.67%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Duplex - Duplex with two rental units, including washer/dryer hookups and a roof replacement completed in 2021.
Where is this duplex located?
The property is located at 386 N 500 E Provo, UT.
What is the asking price?
The asking price for this property is $775,000.
What are key features of this property?
This property features: Duplex built in 1903 with 2 rental units near Brigham Young University South Campus; Larger unit: 5 bedrooms and 2 bathrooms, currently rented for $2,400/month; Second unit: 3 bedrooms and 1 bathroom, currently rented for $1,500/month
