About 441 S 500 E
SIGNIFICANT VALUE-ADD, CASH COW 6-PLEX OPPORTUNITY in Provo, BYU market. NO BETTER DEAL than this: solid 6.55% cap (as is!) and near 7-cap pro forma simply by increasing rents (which are BELOW MARKET)! New 1-bed lease just signed at $1200/mo - already exceeding the conservative $1100 pro forma! **Upper 7-cap if self managed** UPDATED: roof (approximately 6 years ago), kitchens, bathrooms, flooring, fixtures, with recent exterior improvements to paint, siding, & window sealing! Check out the pictures: NOT your "average" 6-plex. Tenants enjoy use of a secure, free laundry area in basement. 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.
Features of 441 S 500 E
| MLS® # | 2179047 |
|---|---|
| Price | $899,900 |
| Bedrooms | 7 |
| Bathrooms | 6.00 |
| Square Footage | 4,388 |
| Acres | 0.19 |
| Year Built | 1925 |
| Type | Residential |
| Sub-Type | > 4 Units |
| Style | Front And Rear |
| Status | Active |
Community Information
| Address | 441 S 500 E |
|---|---|
| Area | Provo; Mamth; Springville |
| City | Provo |
| County | Utah |
| State | UT |
| Zip Code | 84606 |
Amenities
| Is Waterfront | No |
|---|---|
| Has Pool | No |
Interior
| Interior Features | Kitchen: Updated |
|---|---|
| Fireplace | No |
Exterior
| Lot Description | Curb & Gutter, Road: Paved |
|---|---|
| Roof | Asphalt |
School Information
| District | Provo |
|---|---|
| Elementary | Provo Peaks |
| Middle | Centennial |
| High | Timpview |
Additional Information
| Date Listed | August 15th, 2026 |
|---|---|
| Days on Market | 20 |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Agent | Niki R Worthington |
|---|---|
| Office | Prime Real Estate Experts |