Multifamily
For Sale
$534,599
696 W 1800 N, Provo, UT 84601
This multifamily asset dates to 1977 and is offered in AS-IS condition.
Property Size2,352 SF
Price / SF$227.30
Days on Market47
Property Features for 696 W 1800 N
General Information
Standard status
Active
Size
2,352 SF
Property subtype
Multi-Family
Site & Location
Neighborhood
Carterville
Building Details
Year Built
1977
Listing Agency:
Summit Commercial Advisors LLC
Listed By:
Mary W Street · License #5454081-PO00
(801) 358-6279
Source:
Buysalty
Added: Sep 13
Changed: Oct 26
Last Checked: Oct 7 at 3:39PM
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 Summit Commercial Advisors LLC
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This multifamily property at 696 W 1800 N in Provo comprises 2,352 square feet and was built in 1977. The asset is being offered in AS-IS condition, with no obligation for the seller to complete changes or repairs before closing.
The property has been owned and managed for many years by the Provo City Housing Authority. Tenants require notice, and showings are limited to the specified scheduled timeframes through advance coordination with the listing agent.
The property has been owned and managed for many years by the Provo City Housing Authority. Tenants require notice, and showings are limited to the specified scheduled timeframes through advance coordination with the listing agent.
Key Highlights
- 2,352‑square‑foot multifamily property
- Built in 1977
- Offered in AS‑IS condition
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,251
Cap Rate
4.35%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$465,020
$465.0K
Cap Rate 7%
$332,157
$332.2K
Cap Rate 9%
$258,344
$258.3K
Market Conditions
NOI Build-Up for 2,352 SF
Gross rent
$44.6K $18.96/SF
− Vacancy
−$2.3K −$0.99/SF
EGI
$42.3K $17.97/SF
− OpEx
−$19.0K −$8.09/SF
NOI
$23.3K $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%
$465,020
Cap Rate 7%
$332,157
Cap Rate 9%
$258,344
Alternative Uses
Best Use
Apartment 5plus
$332.2K
$290.6K – $387.5K
NOI $23,251 @ 7.0% cap · market cap 4.35%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$648.7K
$567.6K – $756.8K
NOI $45,407 @ 7.0% cap · market cap 8.49%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Location Intelligence
Trade Area within ½ mile
1,562
Businesses Nearby
Explore this area
Business Placement
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
Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Multifamily property - This multifamily asset dates to 1977 and is offered in AS-IS condition.
Where is this multifamily property located?
The property is located at 696 W 1800 N Provo, UT.
What is the asking price?
The asking price for this property is $534,599.
What are key features of this property?
This property features: 2,352‑square‑foot multifamily property; Built in 1977; Offered in AS‑IS condition
