Side-by-Side Duplex with
880 W 1020 N, Provo, UT 84604
For Sale
New
$559,700
Two fenced yards, laundry hookups and updated mechanical systems serve the paired residences.
Property Size2,206 SF
Price / SF$253.72
Days on Market2
Property Features for 880 W 1020 N
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Site & Location
Neighborhood
Units
Multifamily Units
Parking per Unit
Individually Metered Utilities
Additional Details
Average Monthly Rent
Tenant in Place
Amenities
fenced backyards
pergola
grapevines
storage shed
hard-surface flooring
laundry hookups
granite countertops
Building Details
Year Built
Buildings
Listing Agency:
Homes International
Listed By:
Midway Utah Real Estate Team
(435) 640-7231
Source:
Midwayutahrealestate
Added: Nov 8
Last Checked: Nov 8 at 2:47PM
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 Homes International
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Investment Insights
Based on property information with market context.
This 2,206-square-foot duplex, built in 1974, has two side-by-side units, each with an attached garage and laundry hookups. Hard-surface flooring runs throughout both residences. The East unit has granite countertops, and a separate storage shed adds storage space. Recent property updates include the roof, furnaces and water heaters.
Each unit has a private, fully fenced backyard with grapevines and a pergola. Electricity and gas are separately metered; water, sewer and garbage are combined on the East unit.
Each unit has a private, fully fenced backyard with grapevines and a pergola. Electricity and gas are separately metered; water, sewer and garbage are combined on the East unit.
Key Highlights
- 2,206‑square‑foot duplex built in 1974
- Side‑by‑side units, each with an attached garage and laundry hookups
- Private, fully fenced backyards feature grapevines and a pergola
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,780
Cap Rate
4.25%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$475,600
$475.6K
Cap Rate 7%
$339,714
$339.7K
Cap Rate 9%
$264,222
$264.2K
Market Conditions
NOI Build-Up for 2,206 SF
Gross rent
$35.7K $16.20/SF
− Vacancy
−$1.8K −$0.80/SF
EGI
$34.0K $15.40/SF
− OpEx
−$10.2K −$4.62/SF
NOI
$23.8K $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%
$475,600
Cap Rate 7%
$339,714
Cap Rate 9%
$264,222
Alternative Uses
Best Use
Multifamily LT 5
$339.7K
$297.3K – $396.3K
NOI $23,780 @ 7.0% cap · market cap 4.25%
Second Best
Apartment 5plus
$311.5K
$272.6K – $363.5K
NOI $21,808 @ 7.0% cap · market cap 3.90%
Theoretical Best
Office A
$608.4K
$532.4K – $709.8K
NOI $42,589 @ 7.0% cap · market cap 7.61%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
2,247
Businesses Nearby
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Business Placement
Demographics for 84604, UT
45,503
Population
13,285
Households
3.4
Avg Household Size
26
Median Age
56%
College-Educated
98%
High-School Grad
94.8 sq mi
ZIP Area
480
Density / Sq Mi
$74,522
Median Household Income
$16,799
Median Earnings
$1,128
Median Rent
$520,500
Median Home Value
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Market
Average Price Trend$/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 fenced yards, laundry hookups and updated mechanical systems serve the paired residences.
Where is this duplex located?
The property is located at 880 W 1020 N Provo, UT.
What is the asking price?
The asking price for this property is $559,700.
What are key features of this property?
This property features: 2,206‑square‑foot duplex built in 1974; Side‑by‑side units, each with an attached garage and laundry hookups; Private, fully fenced backyards feature grapevines and a pergola
