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408 N 500 W, Provo, UT 84601
$649,500
408 N 500 W, Provo, UT 84601
Units
2
Price/Unit
$324,750
Price/Sqft
$245
Est Gross Yield
4.9%
$31,968/yr est.
Property Details
Unit Mix
| Type | Count | Beds | Baths | Sqft | Rent/Mo |
|---|---|---|---|---|---|
| 2BR / 1BA | 1 | 2 | 1 | 1,325 | — |
| 2BR / 1BA | 1 | 2 | 1 | 1,325 | $1,450/mo |
| Total | 2 | 4 | 2 | 2,650 | $1,450/mo |
Unit mix data is reported by the seller or listing agent through the MLS and may be inaccurate or incomplete. Buyers should independently verify all information and conduct their own due diligence before making any investment decisions.
Description
Charming Provo bungalow with legal accessory apartment in a prime location. Beautifully maintained with charming period details, amazing updated kitchens and bathrooms, and plenty of character. A standout feature is the legal accessory apartment, providing an excellent opportunity for rental income, multigenerational living, or additional private space. The apartment has been continuously rented for five years and currently generates $1450/month, making this home an exceptional investment opportunity. The property is zoned for owner occupancy. The location is hard to beat, one block from the Provo Recreation Center. You'll enjoy easy access to fitness, swimming, and other community amenities. The Provo Library is within walking distance, while BYU, Utah Valley Hospital, and freeway access are minutes away. This is the Ideal location for students, professionals, families, or investors. Don't miss the opportunity to make this well-maintained and thoughtfully updated home yours. With the desirable location, character, and build-in rental income, this property combines comfort, convenience, and investment potential. Schedule your private showing today!
Listed by Gayelynn Watson · Realtypath LLC (Platinum)
Location
408 N 500 W, Provo, UT 84601
Proforma
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Cap Rate
3.27%
Cash-on-Cash
-3.74%
Cash Flow
-$760/mo
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Pro forma estimates are based on assumptions, not guaranteed, and should not be relied upon.
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© 2026 UtahRealEstate.com. All rights reserved. Based on information from the Wasatch Front Regional Multiple Listing Service, Inc. as of 9/2/2026, 7:02:20 PM. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or the MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Listing data provided by UtahRealEstate.com.