Duplex Near BYU South
386 N 500 E Provo, UT 84606
For Sale
$775,000
MULTI_FAMILY - Other - Provo, UT
Property Size2,678 SF
Lot Size0.13 Acres
Price / SF$289.40
Days on Market138
Property Features for 386 N 500 E
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
Multi-Family
Bedrooms
8
Bathrooms
3
Rooms
Bathroom 2, Bedroom 2, Bedroom 8, Bedroom 5, Bedroom 7, Bathroom 1, Bathroom 3, Bedroom 4, Bedroom 6, Bedroom 1, Bedroom 3
Parking features
Covered
Window features
Blinds
Patio and Porch features
Porch
Interior features
Kitchen: Updated, Range/Oven: Free Stdng.
Exterior features
Basement Entrance, Porch: Open
Standard status
Active
APN
05-064-0013
Size
2,678 SF
Lot size
0.13 Acres
Taxes and HOA fees
Tax Annual Amount
3014
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas, Central, Forced Air
Building Details
Year built
1903
Number of units
2
Flooring type
Linoleum, Carpet
Building materials
Brick, Cinder Block
Roof type
Asphalt
Architectural style
Other
Listing Agency:
Investment Realty Advisors LLC
(435) 485-7070
Listed By:
Porter Criddle
(801) 694-5291
Added: Mar 14
Changed: Jul 28
Last Checked: Jul 29 at 10:06PM
MLS# 2143356
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Investment Insights
Based on property information with market context.
This duplex is located steps from Brigham Young University South Campus. The property features two units. The larger unit includes 5 bedrooms and 2 bathrooms and is currently rented for $2,400 per month. The second unit offers 3 bedrooms and 1 bathroom and is currently rented for $1,500 per month. Both units include washer and dryer hookups and have received cosmetic updates in recent years, with additional upside potential to further increase rents. The roof was replaced in 2021. The property is zoned for multi-family use and sits on a lot of approximately 0.13 acres. The property size is approximately 2,678 square feet.
Key Highlights
- Duplex just steps from Brigham Young University South Campus
- Larger unit: 5 bedrooms, 2 bathrooms; currently rented for $2,400/month
- Second unit: 3 bedrooms, 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
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Duplex - Duplex near BYU with rental income potential.
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 just steps from Brigham Young University South Campus; Larger unit: 5 bedrooms, 2 bathrooms; currently rented for $2,400/month; Second unit: 3 bedrooms, 1 bathroom; currently rented for $1,500/month
