Three-Unit Townhome-Style
For Sale
$695,000
466 E 400 S, Provo, UT 84606
All three units are occupied and include private rear decks and two dedicated parking spaces apiece.
Property Size2 SF
Price / SF$208.33
Days on Market9
Property Features for 466 E 400 S
General Information
Standard status
Active
Size
2 SF
Total Parking Spaces
6
Property subtype
Triplex
Occupancy
100%
Site & Location
Road Access
Yes
Public Transit
Yes
Units
Multifamily Units
3
Parking per Unit
2
Amenities
storage sheds
Building Details
Building Size
2 SF
Year Built
1979
Listing Agency:
Real Broker, LLC
Listed By:
Leslie Jones
(801) 310-6580
Source:
Liftrealty
Added: Oct 6
Changed: Oct 13
Last Checked: Oct 12 at 4:25PM
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 Real Broker, LLC
Investment Insights
Based on property information with market context.
Built in 1979, this 3,336-square-foot triplex contains three two-story, townhome-style residences. Each unit has two bedrooms, one full bathroom upstairs, and a main-level half bath with washer and dryer hookups. The eat-in kitchen opens to a private rear deck, and each residence has two dedicated parking spaces. Three storage sheds and lawn occupy a side parcel. The driveway is a shared easement with the home in front of the triplex.
The property is in Provo, near Brigham Young University and downtown dining and shopping. Provo FrontRunner Station is described as minutes away. All three units are occupied.
The property is in Provo, near Brigham Young University and downtown dining and shopping. Provo FrontRunner Station is described as minutes away. All three units are occupied.
Key Highlights
- 3,336‑square‑foot triplex built in 1979
- Three two‑story units, each with two bedrooms
- Two dedicated parking spaces per unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$35,961
Cap Rate
5.17%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$719,220
$719.2K
Cap Rate 7%
$513,729
$513.7K
Cap Rate 9%
$399,567
$399.6K
Market Conditions
NOI Build-Up for 3,336 SF
Gross rent
$54.0K $16.20/SF
− Vacancy
−$2.7K −$0.80/SF
EGI
$51.4K $15.40/SF
− OpEx
−$15.4K −$4.62/SF
NOI
$36.0K $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%
$719,220
Cap Rate 7%
$513,729
Cap Rate 9%
$399,567
Alternative Uses
Best Use
Multifamily LT 5
$513.7K
$449.5K – $599.4K
NOI $35,961 @ 7.0% cap · market cap 5.17%
Second Best
Apartment 5plus
$471.1K
$412.2K – $549.7K
NOI $32,979 @ 7.0% cap · market cap 4.75%
Theoretical Best
Office A
$920.1K
$805.1K – $1.07M
NOI $64,404 @ 7.0% cap · market cap 9.27%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
3
Residential units
100%
Occupancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,783
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
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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?
Triplex - All three units are occupied and include private rear decks and two dedicated parking spaces apiece.
Where is this triplex located?
The property is located at 466 E 400 S Provo, UT.
What is the asking price?
The asking price for this property is $695,000.
What are key features of this property?
This property features: 3,336‑square‑foot triplex built in 1979; Three two‑story units, each with two bedrooms; Two dedicated parking spaces per unit
