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408 S 300 E, Provo, UT 84606
$849,000
408 S 300 E, Provo, UT 84606
Units
4
Price/Unit
$212,250
Price/Sqft
$283
Est Gross Yield
6.8%
$57,504/yr est.
Property Details
Unit Mix
| Type | Count | Beds | Baths | Sqft | Rent/Mo |
|---|---|---|---|---|---|
| 2BR / 1BA | 1 | 2 | 1 | 750 | $1,200/mo |
| 2BR / 1BA | 1 | 2 | 1 | 750 | $1,200/mo |
| 2BR / 1BA | 1 | 2 | 1 | 750 | $1,250/mo |
| 2BR / 1BA | 1 | 2 | 1 | 750 | $1,200/mo |
| Total | 4 | 8 | 4 | 3,000 | $4,850/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
Well-maintained, fully leased fourplex in one of Provo's most convenient central rental locations on 300 East. Four units (two up / two down), each 2 bedrooms and 1 bathroom with private entry, individual forced-air A/C and heat (two newer A/C systems installed 2024), and in-unit laundry (washers in kitchen; two units with dryer hookups and two with stacked combo units). Strong rental history with 3 units currently on month-to-month after completed 12-month leases and solid long-term occupancy. Current monthly rents are $1200, $1200, $1250, $1200. Tenants pay gas and electricity; owner covers water/sewer and garbage. Situated on a 0.19-acre lot with plenty of off street parking, minutes from Center Street dining and shopping, nearby parks (Maeser, Memorial), and within easy reach of BYU, UVU, FrontRunner, and I-15. Recent improvements include two new A/Cs (2024), carpet replacements, and washer/dryer upgrades. Combining strong location, updated systems, and current occupancy, this fourplex is an excellent long-term investment and a strong 1031 exchange property. Square footage figures are provided as a courtesy estimate only and were obtained from available records. Buyer is advised to obtain an independent measurement. No showings until an accepted offer is in place.
Listed by David T Robinson · Canovo Group
Location
408 S 300 E, Provo, UT 84606
Proforma
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Cap Rate
4.50%
Cash-on-Cash
-0.46%
Cash Flow
-$122/mo
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Pro forma estimates are based on assumptions, not guaranteed, and should not be relied upon.
DISCLAIMER: The information provided on this website, including property details, pricing, projections, and availability, is for informational purposes only and may change without notice. While Canovo Group, LLC strives to maintain accurate and up-to-date information, we do not guarantee its completeness or accuracy. Users should independently verify all information and property details, including availability and any leasing conditions, with the listing agent or property owner before making any decisions. Canovo Group, LLC is not responsible for any errors, omissions, or third-party content and makes no representations or warranties regarding the properties listed. Neither Canovo Group, LLC nor its affiliates are acting as your real estate agent or broker, nor do we represent or endorse any properties or parties unless expressly stated in a separate written agreement. This website is not an offer or solicitation to buy, sell, or lease any property. All transactions are the sole responsibility of the parties involved.
© 2026 UtahRealEstate.com. All rights reserved. Based on information from the Wasatch Front Regional Multiple Listing Service, Inc. as of 10/10/2026, 1:48:58 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.