457 S 500 E, Provo, UT 84606
Utah County
Key Facts
Description
SIGNIFICANT VALUE-ADD, CASH COW 6-PLEX OPPORTUNITY in Provo, BYU market, with a solid 7%-cap potential (if self managed), simply by increasing rents (which are BELOW MARKET)! Recent rate increase validates the pro forma rent assumptions! 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. Square footage per county records. Buyer/agent to verify all. Do not disturb tenants; offer subject to inspection.
Property Information
Property Type
Residential
Sub-Type
Multi Family
Style
Front And Rear
Year Built
1925
Living Area
3,278 sq ft
Lot Size
0.17 acres
Lot Dimensions
0.0x0.0x0.0
Days on Market
22
MLS® Listing#
2160823
Property Features
Appliances
Cooling
Heating
Roof
Schools
- Elementary:
- Provo Peaks
- Middle:
- Centennial
- High:
- Timpview
Financial Details
HOA
None
Annual Taxes
$5,802
Parcel Number
05-048-0010
Affordability Calculator
$170,000
Estimated monthly payment
$4,524/mo
Principal $680,000 · Est. interest $948,661 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Provo, UT
- $536,792
- Median Listing Price
- 55
- Median Days on Market
- 2,080
- Median Sq Ft
- $266
- Median Price / Sq Ft
- 295
- Active Listings
- This home’s price is 58% above the area median.
- Its price per sq ft is 3% below the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Provo, UT.
Location
Points of Interest in Provo, UT
Showing the Provo area map.
Nearby Schools
Provo Peaks Elementary School
Elementary · 0.5 mi away
Provost Elementary School
Elementary · 0.5 mi away
ABC Kiddy World Pre-School
School · 0.5 mi away
East Bay Post High
Elementary · 0.7 mi away
Wiz Kidz
School · 0.9 mi away
Joaquin Elementary School
Elementary · 0.9 mi away
Mountainland Head Start
Elementary · 1.0 mi away
Franklin Elementary School
Elementary · 1.1 mi away
Discovery Academy
School · 1.1 mi away
Timpanogos Elementary
Elementary · 1.3 mi away
Dixon Middle School
Secondary · 1.3 mi away
Byu McKay School of Education
School · 1.4 mi away
Wasatch Elementary School
Elementary · 1.5 mi away
Provo City School District
School · 1.5 mi away
Treeside Charter School
Elementary · 1.6 mi away
Provo High School
Secondary · 1.6 mi away
Spring Creek Elementary School
Elementary · 1.8 mi away
Slate Canyon Youth Center
School · 1.8 mi away
Sunset View Elementary School
Elementary · 1.9 mi away
Patchwork Preschool
School · 2.0 mi away
Commute Calculator
Nearby Homes
Similar Homes Nearby
Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 730 W CENTER ST, Provo, UT | $615,000 | 6 | 4 | 2,950 |
| 1254 N 800 W, Provo, UT | $639,000 | 7 | 4 | 2,744 |
| 989 S CINNAMON RIDGE DR, Provo, UT | $639,900 | 6 | 3 | 2,922 |
| 2103 S MOUNTAIN VISTA LN, Provo, UT | $659,900 | 7 | 5 | 4,127 |
| 1022 S CINNAMON RIDGE LN E, Provo, UT | $679,000 | 6 | 4 | 3,308 |
| 1765 N 2000 W, Provo, UT | $685,000 | 6 | 4 | 3,448 |
Moving Cost Estimate
EXIT Agents in Provo
Listing Courtesy: Prime Real Estate Experts (Founders) - 385-332-4548
Last Updated: 2026-05-27