530 E 500 N - Apartments FOR SALE


Provo, UT 84606
$1,700,000 USD
801-303-5402
530 E 500 N, Provo, UT for Sale
$1,700,000 USD
Apartments - FOR SALE
1/17
null | 5.25% Cap Rate

530 E 500 N
Provo, UT 84606


HIGHLIGHTS

  • Turnkey Property
  • 10 Minute Walk to BYU
  • Very Well-Maintained Units
  • Above Average Rental Rates & $25/Bed Increase in Fall 2025
  • Central Heating & Cooling
  • Plenty of Parking

OVERVIEW

530 E 500 N is a well-maintained, turnkey 6-unit multifamily property, built in 1967. It consists of all 2BD/1BA units that are approximately 1,012 SF. This property offers an excellent opportunity for investors seeking a stable, income-generating asset with a strong history of upkeep and tenant demand. The property was appraised at $1,600,000 on June 25, 2023. Rents have increased since then, so the asking price is now $1,700,000. The current asking price reflects a 4.55% cap rate, offering investors a strong return on investment with a well-maintained, high-demand asset.

FOR SALE DETAILS

PRICE

$1,700,000 USD

PRICE/SF

$315 USD /SF

# OF UNITS

6

PRICE/UNIT

$283,333

CAP RATE

5.25%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1967

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.45 AC

LAND SF

19,602 SF

ZONING

R-4, Provo

APN/PARCEL ID

05-065-0013

ASK ABOUT THIS PROPERTY

Vicente CantuaCushman & WakefieldMore Info
801-303-5402

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Vicente CantuaCushman & WakefieldMore Info
801-303-5402

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.