Fourplex With Covered
For Sale
$995,000
768 E 300 N, Provo, UT 84606
Residential, Provo, UT
Property Size4,116 SF
Lot Size0.40 Acres
Price / SF$241.74
Days on Market24
Property Features for 768 E 300 N
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Bedrooms
8
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 3, Bedroom 8, Bedroom 7, Bathroom 2, Bathroom 3, Bedroom 2, Bathroom 1, Bedroom 4, Bathroom 4, Bedroom 5, Bedroom 6, Bedroom 1
Parking features
Covered
Subdivision
PARK
Lot features
Cul-De-Sac, Curb & Gutter, Road: Paved, Sidewalks, Sprinkler: Auto- Full
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
22-019-0002
Size
4,116 SF
Lot size
0.40 Acres
Taxes and HOA fees
Tax Annual Amount
5094
Building Details
Year built
1975
Floors in Building
1
Number of units
4
Building materials
Cedar, Stone
Roof type
Asphalt
Architectural style
Other
Listing Agency:
REDFIN CORPORATION
(801) 613-7062
Listed By:
Daniel Lopez · License #9852622-SA00
(505) 231-7800
Added: Aug 5
Changed: Aug 27
Last Checked: Aug 28 at 6:06PM
MLS# 2180027
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.
Configured as two duplexes on one lot, this fourplex contains four similar units within 4,116 square feet of improvements. The property occupies approximately 0.40 acres and includes covered parking. Cedar and stone are identified among the construction materials, while the roof is asphalt. Built in 1975, the buildings include compact kitchens positioned toward the front and separate living areas.
The property is located at 768 E 300 N in Provo, near Brigham Young University. The four-unit layout provides a clearly defined multifamily configuration, with all units described as similar.
The property is located at 768 E 300 N in Provo, near Brigham Young University. The four-unit layout provides a clearly defined multifamily configuration, with all units described as similar.
Key Highlights
- Four‑unit property configured as two duplexes on one lot
- 4,116 square feet of total property size
- Approximately 0.40‑acre lot
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$44,370
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.46%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$887,400
$887.4K
Cap Rate 7%
$633,857
$633.9K
Cap Rate 9%
$493,000
$493.0K
Market Conditions
NOI Build-Up for 4,116 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$66.7K $16.20/SF
− Vacancy
−$3.3K −$0.80/SF
EGI
$63.4K $15.40/SF
− OpEx
−$19.0K −$4.62/SF
NOI
$44.4K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$887,400
Cap Rate 7%
$633,857
Cap Rate 9%
$493,000
Alternative Uses
Best Use
Multifamily LT 5
$633.9K
$554.6K – $739.5K
NOI $44,370 @ 7.0% cap · market cap 4.46%
Second Best
Apartment 5plus
$581.3K
$508.6K – $678.2K
NOI $40,690 @ 7.0% cap · market cap 4.09%
Theoretical Best
Office A
$1.14M
$993.3K – $1.32M
NOI $79,463 @ 7.0% cap · market cap 7.99%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
1,438
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
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Four similar units are arranged as two duplexes on one lot near Brigham Young University.
Where is this quadplex located?
The property is located at 768 E 300 N Provo, UT.
What is the asking price?
The asking price for this property is $995,000.
What are key features of this property?
This property features: Four‑unit property configured as two duplexes on one lot; 4,116 square feet of total property size; Approximately 0.40‑acre lot
