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For sale
    • $799,900

    457 S 500 E, Provo, UT 84606

    7beds
    6baths
    3,278sqft
    : 
    $4,716/mo
    Get pre-qualified
    Multi Family
    Built in 1925
    -- sqft lot
    $-- Zestimate®
    $244/sqft
    $-- HOA

    What's special

    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.
    2 days
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    84
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    5
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    Zillow last checked:

    Listing updated:

    Listed by:

    Niki R Worthington 801-948-0796,

    Prime Real Estate Experts

    Source: UtahRealEstate.com,MLS#: 2179050MLS Logo

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 7
      • Bathrooms: 6
      Rooms
      • Room types: Updated Kitchen
      Appliances
      • Included: Free-Standing Range
      Features
      • Has fireplace: No
      Interior area
      • Total structure area: 3,278
      • Total interior livable area: 3,278 sqft

      Property

      Parking
      • Parking features: Open
      • Has uncovered spaces: Yes
      Lot
      • Size: 7,405 Square Feet
      • Topography: Terrain
      Details
      • Parcel number: 050480010

      Construction

      Type & style
      • Home type: MultiFamily
      • Architectural style: Front And Rear
      • Property subtype: Multi Family
      Materials
      • Roof: Asphalt
      Condition
      • Blt./Standing
      • New construction: No
      • Year built: 1925

      Utilities & green energy

      • Water: Culinary

      Community & HOA

      HOA
      • Has HOA: No
      Location
      • Region: Provo

      Financial & listing details

      • Price per square foot: $244/sqft
      • Tax assessed value: $1,052,900
      • Annual tax amount: $5,802
      • Date on market: 8/14/2026
      • Listing terms: Cash,Commercial Fin. Req.,Conventional
      • Acres allowed for irrigation: 0

        Estimated market value

        Not available

        Estimated sales range

        Not available

        $2,934/mo

        Price history

        DateEventPrice
        8/15/2026Listed for sale$799,900-4.8%$244/sqft
        Source: UtahRealEstate.com #2179050 Report a problem
        8/11/2026Listing removed$840,000$256/sqft
        Source: UtahRealEstate.com #2160823 Report a problem
        8/2/2026Price change$840,000-1.2%$256/sqft
        Source: UtahRealEstate.com #2160823 Report a problem
        6/18/2026Price change$850,000-5.6%$259/sqft
        Source: UtahRealEstate.com #2160823 Report a problem
        5/27/2026Listed for sale$900,000$275/sqft
        Source: UtahRealEstate.com #2160823 Report a problem
        5/27/2026Listing removed$900,000$275/sqft
        Source: UtahRealEstate.com #2136914 Report a problem
        4/13/2026Price change$900,000-5.3%$275/sqft
        Source: UtahRealEstate.com #2136914 Report a problem
        2/12/2026Listed for sale$950,000$290/sqft
        Source: UtahRealEstate.com #2136914 Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$5,802 +57.2%$1,052,900 +59.4%
        2024$3,691 -0.4%$660,500 +1%
        2023$3,707 +9.4%$654,000 +8.5%
        2022$3,388 +10.3%$602,800 +109.1%
        2021$3,072 -1.6%$288,310 -42.3%
        2020$3,122 +12.3%$499,400 +96.4%
        2019$2,779 +10.7%$254,320 -36.8%
        2018$2,511 -6.8%$402,100 +72.7%
        2017$2,694 $232,815
        2016$2,694 +14.7%$232,815 +13.5%
        2015$2,349 +4.2%$205,150
        2014$2,253 $205,150 +13.4%
        2013-- $180,840 +0.5%
        2012-- $180,015 -11.5%
        2009-- $203,500
        2008-- $203,500 +15.6%
        2007-- $176,000 +151.6%
        2006-- $69,960 +5%
        2005-- $66,618
        2003-- $66,618
        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        See how much you could borrow to make a competitive offer.
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        Climate risks

        Neighborhood: Maeser

        Getting around

        58 / 100
        Somewhat Walkable
        47 / 100
        Some Transit
        73 / 100
        Very Bikeable

        Nearby schools

        GreatSchools rating
        Schools provided by the listing agent
        • Elementary: Provo Peaks
        • Middle: Centennial
        • High: Timpview
        • District: Provo

        Source: UtahRealEstate.com. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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