Updated Duplex With New
870 W 300 S, Provo, UT 84601
For Sale
$550,000
Residential, Provo, UT
Property Size2,181 SF
Lot Size0.22 Acres
Price / SF$252.18
Days on Market54
Property Features for 870 W 300 S
General Information
Property type
Property subtype
Bedrooms
Bathrooms
Full bathrooms
Rooms
Parking
Window features
Interior features
Exterior features
Lot features
Elementary school
High school
Elementary school district
Middle school district
High school district
Subdivision
Standard status
APN
Size
Lot size
Additional Details
Tenant in Place
Taxes and HOA fees
Tax Annual Amount
Utilities
Sewer type
Heating system
Building Details
Year built
Number of units
Flooring type
Building materials
Roof type
Architectural style
Listing Agency:
Intermountain Properties
(801) 899-9102
Listed By:
Cori Vanderbeek
(801) 721-5123
Added: Sep 17
Changed: Oct 24
Last Checked: Nov 9 at 4:06AM
MLS# 2185922
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Investment Insights
Based on property information with market context.
This Provo duplex contains 2,181 square feet configured with a three-bedroom, one-bathroom front residence and a two-bedroom, one-bathroom rear residence. Interior improvements were completed within the last 3 years, and the roof is brand new. The property includes tile flooring, double-pane windows, aluminum and brick construction, outbuildings, and natural-gas central heating.
Located at 870 W 300 S in Provo, the property occupies a 0.22-acre lot and was built in 1885. Public sewer serves the property. The duplex layout provides two distinct residential units within a single multifamily asset.
Located at 870 W 300 S in Provo, the property occupies a 0.22-acre lot and was built in 1885. Public sewer serves the property. The duplex layout provides two distinct residential units within a single multifamily asset.
Key Highlights
- 3‑bedroom/1‑bathroom front unit and 2‑bedroom/1‑bathroom rear unit
- 2,181 square feet on a 0.22‑acre lot
- Brand‑new roof
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,511
Cap Rate
4.27%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$470,220
$470.2K
Cap Rate 7%
$335,871
$335.9K
Cap Rate 9%
$261,233
$261.2K
Market Conditions
NOI Build-Up for 2,181 SF
Gross rent
$35.3K $16.20/SF
− Vacancy
−$1.7K −$0.80/SF
EGI
$33.6K $15.40/SF
− OpEx
−$10.1K −$4.62/SF
NOI
$23.5K $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%
$470,220
Cap Rate 7%
$335,871
Cap Rate 9%
$261,233
Alternative Uses
Best Use
Multifamily LT 5
$335.9K
$293.9K – $391.9K
NOI $23,511 @ 7.0% cap · market cap 4.27%
Second Best
Apartment 5plus
$308.0K
$269.5K – $359.4K
NOI $21,561 @ 7.0% cap · market cap 3.92%
Theoretical Best
Office A
$601.5K
$526.3K – $701.8K
NOI $42,106 @ 7.0% cap · market cap 7.66%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
826
Businesses Nearby
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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
$370,300
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Provo, UT
Properties on Market for Duplexes in Provo
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Two-unit property with three-bedroom and two-bedroom residences, recent interior updates, and a new roof.
Where is this duplex located?
The property is located at 870 W 300 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: 3‑bedroom/1‑bathroom front unit and 2‑bedroom/1‑bathroom rear unit; 2,181 square feet on a 0.22‑acre lot; Brand‑new roof
