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232 E 400 N photo 11 / 42

$875,000

232 E 400 N, Provo, UT 84606

Units

4

Price/Unit

$218,750

Price/Sqft

$342

Est Gross Yield

4.4%

$38,736/yr est.

Property Details

Property typeFourplex
Year built1934
Total units4
Living area2,560 sqft
Bedrooms4
Bathrooms4
Lot size0.14 acres
Parking6 spaces
Days on market129
Listed2026-02-12T00:00:00+00:00

Unit Mix

TypeCountBedsBathsSqftRent/Mo
1BR / 1BA211640$1,025/mo
1BR / 1BA211640$1,000/mo
Total4442,560$4,050/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

Fantastic investment opportunity just minutes from BYU campus! This wellkept 4plex features four 1bed, 1bath units, each offering efficient layouts, solid rental demand, and unbeatable proximity to shopping, dining, and campus life. With strong occupancy and a prime location in the heart of Provo's student hub. In addition there are 4 storage units in the back that rent for an additional $75 per unit per month.

Listed by Richard Stringham · Stringham West Realty

Location

232 E 400 N, Provo, UT 84606

Proforma

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Cap Rate

2.94%

Cash-on-Cash

-4.62%

Cash Flow

-$1,263/mo

Purchase Price$875,000
Down Payment35% ($306,250)
Interest Rate6.00%
Monthly Rent$3,228/mo
Vacancy5%
Expense Ratio30% ($11,040)

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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 6/21/2026, 3:24:01 AM. 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.