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Brick Quadplex with Central Air
For Sale
$910,000

685 S STUBBS Ave W, Provo, UT 84601

Residential, Provo, UT

Property Size3,294 SF
Lot Size0.25 Acres
Price / SF$276.26
Days on Market47

Property Features for 685 S STUBBS Ave W

General Information

Property type Residential Multi Family
Property subtype Quadruplex
Zoning Multi-Family
Zoning description MULTI
Bedrooms 8
Bathrooms 4
Full bathrooms 4
Rooms Bedroom 2, Bathroom 4, Bathroom 2, Bedroom 3, Bedroom 4, Bedroom 1, Bedroom 6, Bedroom 7, Bedroom 8, Bathroom 1, Bedroom 5, Bathroom 3
Parking 8
Window features Blinds
Interior features Range/Oven: Free Stdng.
Exterior features Double Pane Windows, Out Buildings, Lighting
Subdivision HEATHER SUB
Lot features Fenced: Part, Road: Paved, Sprinkler: Auto- Full, View: Mountain
Elementary school Sunset View
Middle school Centennial
High school Timpview
Elementary school district Provo
Middle school district Provo
High school district Provo
Standard status Active
APN 41-078-0021
Size 3,294 SF
Lot size 0.25 Acres

Taxes and HOA fees

Tax Annual Amount 4796

Utilities

Heating system Natural Gas, Central, Forced Air

Amenities

gas fireplaces
central air
washer and dryer hookups
pantry
motion sensor lights
2 sheds

Building Details

Year built 1978
Number of units 4
Flooring type Tile, Carpet
Building materials Brick
Roof type Asphalt
Architectural style Other
Listing Agency: Equity Real Estate (Results)
Listed By: Scott L Oldroyd
Added: Aug 29 Changed: Oct 1 Last Checked: Oct 14 at 3:06PM
MLS# 2182079

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Investment Insights

Based on property information with market context.

This 3,294-square-foot quadplex in Provo contains four units with eight bedrooms and four bathrooms. Each unit has central air, a kitchen pantry, washer and dryer hookups, and a gas fireplace. The 1978 building features brick construction, double-pane windows, forced-air heating, and natural gas service. New energy-efficient windows and soffits were installed in 2026.

The property occupies 0.25 acres and provides off-street parking for 8 cars. Two sheds add exterior storage, while motion-sensor lighting is installed around the property. The parcel backs up to Franklin Park and includes mountain views. Recent pavement work and an asphalt roof complete the existing improvements.

Key Highlights

  • Four‑unit quadplex with 3,294 square feet
  • Eight bedrooms and four bathrooms
  • Central air, gas fireplaces, and washer and dryer hookups in all units

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr
$35,509
Cap Rate
3.90%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$710,180 $710.2K
Cap Rate 7%
$507,271 $507.3K
Cap Rate 9%
$394,544 $394.5K
Market Conditions
NOI Build-Up for 3,294 SF
Gross rent
$53.4K $16.20/SF
− Vacancy
−$2.6K −$0.80/SF
EGI
$50.7K $15.40/SF
− OpEx
−$15.2K −$4.62/SF
NOI
$35.5K $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%
$710,180
Cap Rate 7%
$507,271
Cap Rate 9%
$394,544

Alternative Uses

Best Use
Multifamily LT 5
$507.3K
$443.9K – $591.8K (±1% cap)
NOI $35,509 @ 7.0% cap · market cap 3.90%
Second Best
Apartment 5plus
$465.2K
$407.1K – $542.7K (±1% cap)
NOI $32,564 @ 7.0% cap · market cap 3.58%
Theoretical Best
Office A
$908.5K
$794.9K – $1.06M (±1% cap)
NOI $63,593 @ 7.0% cap · market cap 6.99%
Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Quadplexes

Suggested Use

Top Pick Daycare Center (Bike/Boat/Book/etc) Store Spa & Massage Center Grocery & Convenience Store Carpet & Flooring Store HVAC Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

4
Residential units
100%
Occupancy

Location Intelligence

Trade Area within ½ mile

679
Businesses Nearby

Demographics for 84601, UT

33,986
Population
11,673
Households
2.9
Avg Household Size
27
Median Age
33%
College-Educated
86%
High-School Grad
13.3 sq mi
ZIP Area
2,555
Density / Sq Mi
$64,758
Median Household Income
$30,548
Median Earnings
$1,173
Median Rent
$370,300
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
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Frequently Asked Questions

What type of property is this?
Quadplex - Four-unit property with gas fireplaces, washer and dryer hookups, and off-street parking.
Where is this quadplex located?
The property is located at 685 S STUBBS Ave W Provo, UT.
What is the asking price?
The asking price for this property is $910,000.
What are key features of this property?
This property features: Four‑unit quadplex with 3,294 square feet; Eight bedrooms and four bathrooms; Central air, gas fireplaces, and washer and dryer hookups in all units
More about this property
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