Updated Legal
For Sale
$550,000
709 E 150 S, Provo, UT 84606
Residential, Provo, UT
Property Size1,998 SF
Lot Size0.13 Acres
Price / SF$275.28
Days on Market110
Property Features for 709 E 150 S
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
Multi-Family
Zoning description
R-2
Bedrooms
5
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 3, Bedroom 5, Basement, Bathroom 1, Bedroom 2, Bathroom 2, Bedroom 1, Bedroom 4
Parking
3
Parking features
Workshop, Covered
Window features
Drapes
Interior features
Basement Apartment, Great Room, Range/Oven: Built-In
Exterior features
Basement Entrance, Entry (Foyer), Out Buildings
Fireplace
1
Subdivision
EAST PARK ADD
Lot features
Corner Lot, Curb & Gutter, Fenced: Full, Road: Paved, Sidewalks, Sprinkler: Auto- Full, View: Mountain
Elementary school
Provo Peaks
Middle school
Centennial
High school
Timpview
Elementary school district
Provo
Middle school district
Provo
High school district
Provo
Standard status
Active
APN
38-004-0006
Size
1,998 SF
Lot size
0.13 Acres
Taxes and HOA fees
Tax Annual Amount
2658
Utilities
Sewer type
Public Sewer
Heating system
Forced Air
Building Details
Year built
1943
Number of units
2
Flooring type
Carpet, Hardwood, Laminate, Tile
Building materials
Clapboard
Roof type
Asphalt
Architectural style
Other
Additional Structures
Workshop
Listing Agency:
Presidio Real Estate
(801) 251-6683
Listed By:
Barbi Schramm
(801) 427-0644
Added: Jun 19
Changed: Sep 17
Last Checked: Oct 6 at 3:06AM
MLS# 2169114
Copyright © 2026 UtahRealEstate.com. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Recognized by Provo city as a legal duplex, this 1,998-square-foot property offers two residential units within a 1943-built structure on 0.13 acres. The layout includes a basement apartment, basement entrance, great room, two bathrooms, four bedrooms, and a built-in range/oven. Covered parking and a workshop add functional utility, while public sewer, forced-air heating, an asphalt roof, and clapboard construction complete the property profile.
The home is within walking distance of BYU and the downtown area. Current occupancy includes one active year lease and other tenants on month-to-month arrangements. Recent work includes windows, lighting, a water heater, an upstairs bathroom, historic flooring, water lines, electrical boxes, and paint. Appliances convey, including both washers and dryers. Multi-Family zoning supports the property's duplex classification.
The home is within walking distance of BYU and the downtown area. Current occupancy includes one active year lease and other tenants on month-to-month arrangements. Recent work includes windows, lighting, a water heater, an upstairs bathroom, historic flooring, water lines, electrical boxes, and paint. Appliances convey, including both washers and dryers. Multi-Family zoning supports the property's duplex classification.
Key Highlights
- Provo city‑recognized legal duplex with 1,998 square feet
- 0.13‑acre lot with basement apartment and separate basement entrance
- One active year lease plus other tenants on month‑to‑month terms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,538
Cap Rate
3.92%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$430,760
$430.8K
Cap Rate 7%
$307,686
$307.7K
Cap Rate 9%
$239,311
$239.3K
Market Conditions
NOI Build-Up for 1,998 SF
Gross rent
$32.4K $16.20/SF
− Vacancy
−$1.6K −$0.80/SF
EGI
$30.8K $15.40/SF
− OpEx
−$9.2K −$4.62/SF
NOI
$21.5K $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%
$430,760
Cap Rate 7%
$307,686
Cap Rate 9%
$239,311
Alternative Uses
Best Use
Multifamily LT 5
$307.7K
$269.2K – $359.0K
NOI $21,538 @ 7.0% cap · market cap 3.92%
Second Best
Apartment 5plus
$282.2K
$246.9K – $329.2K
NOI $19,752 @ 7.0% cap · market cap 3.59%
Theoretical Best
Office A
$551.0K
$482.2K – $642.9K
NOI $38,573 @ 7.0% cap · market cap 7.01%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,308
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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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Duplex - Tenant-occupied two-unit property near BYU and downtown Provo with covered parking and basement access.
Where is this duplex located?
The property is located at 709 E 150 S Provo, UT.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: Provo city‑recognized legal duplex with 1,998 square feet; 0.13‑acre lot with basement apartment and separate basement entrance; One active year lease plus other tenants on month‑to‑month terms
