About 457 S 500 E
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.
Features of 457 S 500 E
| MLS® # | 2179050 |
|---|---|
| Price | $799,900 |
| Bedrooms | 7 |
| Bathrooms | 6.00 |
| Square Footage | 3,278 |
| Acres | 0.17 |
| Year Built | 1925 |
| Type | Residential |
| Sub-Type | > 4 Units |
| Style | Front And Rear |
| Status | Active |
Community Information
| Address | 457 S 500 E |
|---|---|
| Area | Provo; Mamth; Springville |
| City | Provo |
| County | Utah |
| State | UT |
| Zip Code | 84606 |
Amenities
| Parking | Parking: Uncovered |
|---|---|
| Is Waterfront | No |
| Has Pool | No |
Interior
| Interior Features | Kitchen: Updated, Range/Oven: Free Stdng. |
|---|---|
| Fireplace | No |
Exterior
| 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 |