Fourplex with In-Unit
New
For Sale
$849,000
408 S 300 E, Provo, UT 84606
Four residences feature private entrances, individual forced-air heating and cooling, and laundry equipment within each unit.
Property Size2 SF
Lot Size0.19 Acres
Price / SF$283
Days on Market5
Property Features for 408 S 300 E
General Information
Standard status
Active
Size
2 SF
Lot size
0.19 Acres
Property subtype
Quadruplex
Occupancy
100%
Site & Location
Highway Access
Yes
Road Access
Yes
Public Transit
Yes
Units
Unit Mix
4 x 2BR/1BA
Multifamily Units
4
Amenities
private entry
individual forced-air A/C and heat
in-unit laundry
off-street parking
Building Details
Building Size
2 SF
Year Built
1976
Listing Agency:
Canovo Group
(801) 214-1662
Listed By:
David T Robinson
(385) 233-3252
Source:
Liftrealty
Added: Oct 9
Changed: Oct 11
Last Checked: Oct 12 at 7:46PM
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 Canovo Group
Investment Insights
Based on property information with market context.
This 3,000-square-foot fourplex contains four two-bedroom, one-bathroom residences arranged two per floor. Each unit has a private entrance, forced-air heating and cooling, and in-unit laundry. Two air-conditioning systems were installed in 2024; other reported improvements include carpet replacement and washer and dryer upgrades. The property was built in 1976 and sits on a 0.19-acre lot with off-street parking. All four units are currently occupied.
The property is on 300 East in Provo, with Center Street dining and shopping, Maeser and Memorial parks, BYU, UVU, FrontRunner, and I-15 described as within reach. Tenants pay gas and electricity; the owner covers water, sewer, and garbage. Three leases are month-to-month following completed 12-month terms.
The property is on 300 East in Provo, with Center Street dining and shopping, Maeser and Memorial parks, BYU, UVU, FrontRunner, and I-15 described as within reach. Tenants pay gas and electricity; the owner covers water, sewer, and garbage. Three leases are month-to-month following completed 12-month terms.
Key Highlights
- Four units, each with 2 bedrooms and 1 bathroom
- 3,000 square feet on a 0.19‑acre lot
- Two air‑conditioning systems installed in 2024
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,339
Cap Rate
3.81%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$646,780
$646.8K
Cap Rate 7%
$461,986
$462.0K
Cap Rate 9%
$359,322
$359.3K
Market Conditions
NOI Build-Up for 3,000 SF
Gross rent
$48.6K $16.20/SF
− Vacancy
−$2.4K −$0.80/SF
EGI
$46.2K $15.40/SF
− OpEx
−$13.9K −$4.62/SF
NOI
$32.3K $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 Rate 5%
$646,780
Cap Rate 7%
$461,986
Cap Rate 9%
$359,322
Alternative Uses
Best Use
Multifamily LT 5
$462.0K
$404.2K – $539.0K
NOI $32,339 @ 7.0% cap · market cap 3.81%
Second Best
Apartment 5plus
$423.7K
$370.7K – $494.3K
NOI $29,657 @ 7.0% cap · market cap 3.49%
Theoretical Best
Office A
$827.4K
$724.0K – $965.3K
NOI $57,917 @ 7.0% cap · market cap 6.82%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
4
Residential units
100%
Occupancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,868
Businesses Nearby
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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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Quadplex - Four residences feature private entrances, individual forced-air heating and cooling, and laundry equipment within each unit.
Where is this quadplex located?
The property is located at 408 S 300 E Provo, UT.
What is the asking price?
The asking price for this property is $849,000.
What are key features of this property?
This property features: Four units, each with 2 bedrooms and 1 bathroom; 3,000 square feet on a 0.19‑acre lot; Two air‑conditioning systems installed in 2024
