For Sale
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Property summary
This 1978-built Provo fourplex presents a compelling investment opportunity. The property boasts 3,290 square feet situated on a 0.24-acre lot at 784 W Heather Ln, Provo, UT 84601 (APN 410780015). The two-story building comprises four units, each currently priced at $212,500, with an overall asking price of $850,000 ($258.36/sq ft). Two units have undergone complete renovations, featuring new cabinetry, flooring, paint, and appliances. A third unit includes updated cabinetry but requires carpet replacement. The fourth unit, occupied by a long-term tenant, remains unrenovated. Three of the four units benefit from newer central air conditioning. Currently, rents are below market value, offering significant upside potential. With minor updates to one unit and a full remodel of another, market rent for all units is projected at $1,400 per month. This property offers a strong foundation for immediate income and substantial future growth. The property's location in Provo, Utah, provides access to a thriving rental market. This is a rare opportunity to acquire a multifamily property with immediate income and significant value-add potential. MLS #2017711.
Property profile
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Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Derived from the Provo market rent, vacancy and expense benchmarks for this use type.
Price sensitivity
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Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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