457 S 500 E, Provo, UT 84606

Provo
Local realty services provided by:ERA Brokers Consolidated
457 S 500 E,Provo, UT 84606
$799,900
  • 7 Beds
  • 6 Baths
  • 3,278 sq. ft.
  • Multi-family
  • Pending
Listed by: niki r worthington
Office: prime real estate experts
MLS#:2179050
Source:SL

Price summary

  • Price:$799,900
  • Price per sq. ft.:$244.02

About this home

SIGNIFICANT VALUE-ADD, CASH COW 6-PLEX OPPORTUNITY in Provo, BYU market, with a solid 6.18% cap (as is!) with easy 7%-cap potential simply by increasing rents (which are BELOW MARKET)! Recent rate increase validates the pro forma rent assumptions! Increase the cap to mid or upper 7's by self managing. UPDATED: roof (approximately 6 years ago), kitchens, bathrooms, flooring, fixtures, with recent exterior improvements to paint, siding, & window sealing! Tenants currently enjoy use of a secure, free laundry area in basement of neighboring 6-plex. Additional income opportunity also available through managing utilities differently (units metered separately!). LOCATION: near BYU, with quick access to I-15 & Provo downtown entertainment, restaurants, & shopping. Purchase the neighboring 6-plex (same seller) for operational efficiencies! 5 1-bed units; 1 2-bed unit. Total square footage per county records; unit square footages per appraisal. Buyer/agent to verify all. Do not disturb tenants;...

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Home facts

  • Year built:1925
  • Listing ID #:2179050
  • Added:49 day(s) ago
  • Updated:October 03, 2026 at 09:20 AM

Rooms and interior

  • Bedrooms:7
  • Total bathrooms:6
  • Kitchen Description:Kitchen: Updated, Range/Oven: Free Stdng.
  • Living area:3,278 sq. ft.

Structure and exterior

  • Roof:Asphalt
  • Year built:1925
  • Building area:3,278 sq. ft.
  • Lot area:0.17 Acres
  • Lot Features:Flat
  • Architectural Style:Front And Rear

Schools

  • High school:Timpview
  • Middle school:Centennial
  • Elementary school:Provo Peaks

Utilities

  • Water:Culinary

Finances and disclosures

  • Price:$799,900
  • Price per sq. ft.:$244.02
  • Tax amount:$5,802

Parking

  • Parking description:Parking: Uncovered

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