Multifamily
For Sale
$534,599
703 W 1800 N, Provo, UT 84601
Tenant notice is required, with showings available only during designated September timeframes.
Property Size2,352 SF
Price / SF$227.30
Days on Market47
Property Features for 703 W 1800 N
General Information
Standard status
Active
Size
2,352 SF
Property subtype
Multi-Family
Site & Location
Neighborhood
Carterville
Building Details
Year Built
1978
Listing Agency:
Summit Commercial Advisors LLC
Listed By:
Mary W Street · License #5454081-PO00
(801) 358-6279
Source:
Buysalty
Added: Sep 13
Changed: Oct 25
Last Checked: Oct 7 at 4:20PM
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 was constructed in 1978 and is being offered in AS-IS condition. The seller is not obligated to complete changes or repairs before closing. Property size figures are provided as courtesy estimates, and buyers are advised to obtain independent measurements and verify all information.
Showings require tenant notice and are limited to September 16 and September 19, from 10am to 6pm. The property has been owned and managed by the Provo City Housing Authority for many years.
Showings require tenant notice and are limited to September 16 and September 19, from 10am to 6pm. The property has been owned and managed by the Provo City Housing Authority for many years.
Key Highlights
- Multifamily property constructed in 1978
- Offered in AS‑IS condition with no seller obligation for pre‑closing repairs
- Owned and managed by the Provo City Housing Authority for many years
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
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
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
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
Frequently Asked Questions
What type of property is this?
Multifamily property - Tenant notice is required, with showings available only during designated September timeframes.
Where is this multifamily property located?
The property is located at 703 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: Multifamily property constructed in 1978; Offered in AS‑IS condition with no seller obligation for pre‑closing repairs; Owned and managed by the Provo City Housing Authority for many years
