Legal 5-Plex with Off-Street
571 E 100 N, Provo, UT 84606
For Sale
$549,000
Legal five-unit multifamily property offering five 1-bedroom, 1-bath units with off-street parking at the rear.
Property Size1,903 SF
Price / SF$237.66
Days on Market119
Property Features for 571 E 100 N
General Information
Standard status
Size
Property subtype
Occupancy
Site & Location
Neighborhood
Additional Details
Multifamily Units
Building Details
Building Size
Year Built
Tenancy
Listing Agency:
Woodley Real Estate
(801) 855-5900
Listed By:
John Woodley · License UT #5707826
(801) 839-4240
Source:
Liftrealty
Added: Jul 16
Changed: Nov 10
Last Checked: Nov 10 at 8:43AM
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 Woodley Real Estate
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Investment Insights
Based on property information with market context.
This legal 5-plex consists of five separate 1-bedroom, 1-bathroom units. The property includes off-street parking located at the rear, providing convenient space for residents.
The building is described as being in BYU’s South Campus neighborhood and positioned near shopping, dining, public transportation, and major commuter routes. The property is currently fully occupied and presented as ready for the next owner, with details subject to buyer verification.
Showings are available only subject to accepted offer. The buyer should verify all information.
The building is described as being in BYU’s South Campus neighborhood and positioned near shopping, dining, public transportation, and major commuter routes. The property is currently fully occupied and presented as ready for the next owner, with details subject to buyer verification.
Showings are available only subject to accepted offer. The buyer should verify all information.
Key Highlights
- Legal 5‑plex multifamily property (Year built 1903) with five separate 1‑bedroom, 1‑bath units
- Currently fully occupied, ready for the next owner
- Off‑street parking available at the rear of the property
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,836
Cap Rate
4.16%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$456,720
$456.7K
Cap Rate 7%
$326,229
$326.2K
Cap Rate 9%
$253,733
$253.7K
Market Conditions
NOI Build-Up for 2,310 SF
Gross rent
$43.8K $18.96/SF
− Vacancy
−$2.3K −$0.99/SF
EGI
$41.5K $17.97/SF
− OpEx
−$18.7K −$8.09/SF
NOI
$22.8K $9.89/SF
Area
Provo, UT
Vacancy
5.20%
Lease Rate
$18.96 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$456,720
Cap Rate 7%
$326,229
Cap Rate 9%
$253,733
Alternative Uses
Best Use
Apartment 5plus
$326.2K
$285.5K – $380.6K
NOI $22,836 @ 7.0% cap · market cap 4.16%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$637.1K
$557.5K – $743.3K
NOI $44,596 @ 7.0% cap · market cap 8.12%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
5
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,634
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
$407,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Apartment buildings in Utah County, UT
Properties on Market for Apartment buildings in Utah County
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - Legal five-unit multifamily property offering five 1-bedroom, 1-bath units with off-street parking at the rear.
Where is this apartment building located?
The property is located at 571 E 100 N Provo, UT.
What is the asking price?
The asking price for this property is $549,000.
What are key features of this property?
This property features: Legal 5‑plex multifamily property (Year built 1903) with five separate 1‑bedroom, 1‑bath units; Currently fully occupied, ready for the next owner; Off‑street parking available at the rear of the property
