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457 S 500 E, 
Provo, UT 84606

$799,900

7

Beds

6

Baths

3,278

Sq Ft

Multi-Family

Active

Listed by

Niki R Worthington

Prime Real Estate Experts

801-948-0796

Last updated:

August 23, 2026, 11:30 AM

MLS#

2179050

Source:

SL

About This Home

457 S 500 E

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.

Home Facts

Multi-Family

6 Baths

7 Bedrooms

Built in 1925

Price Summary

799,900

$244 per Sq. Ft.

MLS #:

2179050

Last Updated:

August 23, 2026, 11:30 AM

Added:

9 day(s) ago

Rooms & Interior

Bedrooms

Total Bedrooms:

7

Bathrooms

Total Bathrooms:

6

Interior

Living Area:

3,278 Sq. Ft.

Structure

Structure

Architectural Style:

Front And Rear

Building Area:

3,278 Sq. Ft.

Year Built:

1925

Lot

Lot Size (Sq. Ft):

7,405

Finances & Disclosures

Finances

Price:

$799,900

Price per Sq. Ft:

$244 per Sq. Ft.

Source:SL
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Contact an Agent

Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Contact, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If a Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby's International Realty®). I acknowledge that I have read and agree to the terms of use and privacy notice.