457 S 500 E, Provo, UT 84606

• 7 beds |
• 6 baths |
• 3,278 sqft

Property Description

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. Square footage per county records. Buyer/agent to verify all. Do not disturb tenants; offer subject to inspection.

Listing Status:

Active

Date Added:

August 14, 2026

Data Last Updated:

August 16, 2026 at 7:42AM

Listing Office:

Prime Real Estate Experts : 801-948-0796

Listing Agent:

Niki R Worthington : 801-244-1175

MLS ID:

2179050

Interior

• General: Kitchen: UpdatedRange/Oven: Free Stdng.

Exterior

• Style: Front And Rear
• Parking: Parking: UncoveredParking spaces: 0

Construction

• Roofing: Asphalt
• General: Blt./Standing

Location

• Originating MLS: UtahRealEstate.com
• School District: Provo
• County: Utah

Lot

• Topography: TerrainFlat
• Zoning: 05-048-0010
• Current Use: Residential

Utilities

• Water: Culinary

Financial

• Source: UtahRealEstate.com