MLS #2179050 | 457 S 500 E, Provo

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> 4 Units for Sale

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; offer subject to inspection.

Price Insights

Current price
Price per sq ft
Price per finished sq ft

$799,900
$244 / square foot
$244 / finished sq ft

31 Days on the Market

Status: Available

Schools, Inclusions, & Exclusions

Inclusions are often re-negotiated during contract negotiation.

No items have been listed as excluded.

Provo School District

Elementary: Provo Peaks
Middle: Centennial
Senior: Timpview

The Numbers

Interior :
Style :
Year built :
Lot acres :
Lot sq ft :

3,278 square feet
Style: Front And Rear
1925
.17 acres
7,405 square feet

Home Features & Amenities

Features: Updated Kitchen, Free Standing Range/Oven

Roof: Asphalt
Style: Front And Rear

Private Showing

For showing appointments, call Jenn Kikel Lynn, Realtor^® to view the home at 457 S 500 E in Provo. Give Jenn Kikel Lynn, Realtor^® a call at (801) 641-1571.

457 S 500 E was listed on Aug 13th, 2026 by Prime Real Estate Experts, a real estate brokerage.

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