530 E 500 N
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530 E 500 N
6 Unit Apartment Building $1,700,000 ($283,333/Unit) 5.25% Cap Rate Provo, UT 84606
Investment Highlights
- Turnkey Property
- Very Well-Maintained Units
- Central Heating & Cooling
- 10 Minute Walk to BYU
- Above Average Rental Rates & $25/Bed Increase in Fall 2025
- Plenty of Parking
Executive Summary
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.
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.
Property Facts Under Contract
| Price | $1,700,000 | Apartment Style | Low Rise |
| Price Per Unit | $283,333 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.45 AC |
| Cap Rate | 5.25% | Building Size | 6,073 SF |
| No. Units | 6 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1967 |
| Property Subtype | Apartment |
| Price | $1,700,000 |
| Price Per Unit | $283,333 |
| Sale Type | Investment |
| Cap Rate | 5.25% |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.45 AC |
| Building Size | 6,073 SF |
| No. Stories | 2 |
| Year Built | 1967 |
Unit Amenities
- Air Conditioning
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 6 | - | 1,012 |
Bike Score ®
Very Bikeable (87)
PROPERTY TAXES
| Parcel Number | 05-065-0013 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $519,640 |
PROPERTY TAXES
Parcel Number
05-065-0013
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$519,640
zoning
| Zoning Code | R-4, Provo (R-4, Provo Zoning) |
| R-4, Provo (R-4, Provo Zoning) |
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530 E 500 N
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