SIGNIFICANT VALUE-ADD, CASH COW 6-PLEX OPPORTUNITY in Provo, BYU market, with a solid 7%-cap potential (if self managed), simply by increasing rents (which are BELOW MARKET)! Recent rate increase validates the pro forma rent assumptions! 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.
For sale
Price cut: $50K (6/18)
$850,000
457 S 500 E, Provo, UT 84606
7beds
6baths
3,278sqft
Multi Family
Built in 1925
-- sqft lot
$-- Zestimate®
$259/sqft
$-- HOA
What's special
- 34 days |
- 143 |
- 18 |
Zillow last checked:
Listing updated:
Listed by:
Darrin Webster 385-332-4548,
Prime Real Estate Experts (Founders),
Niki R Worthington,
Prime Real Estate Experts
Source: UtahRealEstate.com,MLS#: 2160823
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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: $259/sqft
- Tax assessed value: $660,500
- Annual tax amount: $5,802
- Date on market: 5/27/2026
- 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
| Date | Event | Price |
|---|---|---|
| 6/18/2026 | Price change | $850,000-5.6%$259/sqft |
Source:  UtahRealEstate.com #2160823 Report a problem | ||
| 5/27/2026 | Listed for sale | $900,000$275/sqft |
Source: UtahRealEstate.com #2160823 Report a problem | ||
| 5/27/2026 | Listing removed | $900,000$275/sqft |
Source: UtahRealEstate.com #2136914 Report a problem | ||
| 4/13/2026 | Price change | $900,000-5.3%$275/sqft |
Source: UtahRealEstate.com #2136914 Report a problem | ||
| 2/12/2026 | Listed for sale | $950,000$290/sqft |
Source: UtahRealEstate.com #2136914 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 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 | -- | $66,618 |
Find assessor info on the county website
Monthly payment
Est. payment$--/mo
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.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
See how much you could borrow to make a competitive offer.
Climate risks
Neighborhood: Maeser
Nearby schools
GreatSchools rating
- 5/10Provo Peaks SchoolGrades: PK-6Distance: 0.5 mi
- 9/10Eschool@Provo School DistrictGrades: K-12Distance: 1.5 mi
- 5/10Centennial Middle SchoolGrades: 7-8Distance: 2.6 mi
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.
A local agent can set up tours, give advice and negotiate with sellers.
- Utah
- Utah County
- Provo
- 84606
- Maeser
- 457 S 500 E
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