457 S 500 E Provo, UT 84606
Provost NeighborhoodEstimated payment $4,919/month
Highlights
- Updated Kitchen
- West Facing Home
- No Heating
- No HOA
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; offer subject to inspection.
Listing Agent
Niki Worthington
Prime Real Estate Experts License #13680656 Listed on: 08/15/2026
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $5,802
Year Built
- Built in 1925
Lot Details
- 7,405 Sq Ft Lot
- West Facing Home
Parking
- Open Parking
Home Design
- 3,278 Sq Ft Home
- Asphalt Roof
Kitchen
- Updated Kitchen
- Free-Standing Range
Bedrooms and Bathrooms
- 7 Bedrooms
- 6 Bathrooms
Schools
- Provo Peaks Elementary School
- Centennial Middle School
- Timpview High School
Utilities
- No Cooling
- No Heating
Additional Features
- Basement
Community Details
- No Home Owners Association
- 6 Units
Listing and Financial Details
- Assessor Parcel Number 05-048-0010
Map
Home Values in the Area
Average Home Value in this Area
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2026 | $5,802 | $627,550 | ||
| 2025 | $3,691 | $579,095 | ||
| 2024 | $3,707 | $363,275 | $0 | $0 |
| 2023 | $3,707 | $359,700 | $0 | $0 |
| 2022 | $3,388 | $331,540 | $0 | $0 |
| 2021 | $3,072 | $524,200 | $104,800 | $419,400 |
| 2020 | $3,200 | $499,400 | $99,900 | $399,500 |
| 2019 | $2,779 | $462,400 | $92,500 | $369,900 |
| 2018 | $2,383 | $402,100 | $80,400 | $321,700 |
| 2017 | $2,511 | $232,815 | $0 | $0 |
| 2016 | $2,694 | $232,815 | $0 | $0 |
| 2015 | $2,349 | $205,150 | $0 | $0 |
| 2014 | $2,253 | $205,150 | $0 | $0 |
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 08/15/2026 08/15/26 | For Sale | $799,900 | -- | $244 / Sq Ft |
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Corporate Deed | -- | Backman Fptp | |
| Trustee Deed | $322,290 | Guardian Title Company Of U | |
| Warranty Deed | -- | Us Title Utah | |
| Special Warranty Deed | -- | -- | |
| Warranty Deed | -- | First American Title Agency | |
| Interfamily Deed Transfer | -- | Provo Land Title Company |
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $575,000 | Commercial | |
| Closed | $129,500 | Commercial | |
| Previous Owner | $367,500 | Commercial | |
| Previous Owner | $295,000 | Seller Take Back | |
| Previous Owner | $93,000 | Commercial | |
| Previous Owner | $79,055 | Commercial |
Source: UtahRealEstate.com
MLS Number: 2179050
APN: 05-048-0010
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS. Licensor is only providing the MLS Content and not other sources of data provided in the Product.
Based on information from the Wasatch Front Regional Multiple Listing Service, Inc.. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or the MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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Ask me questions while you tour the home.