69 CENTER, Provo, UT 84606
24BD/—BA Residential in Provo, UT 84606. 23,150 sqft. Built 1925. Listed at $1,500,000. MLS #2135623.
24BD/—BA Residential in Provo, UT 84606. 23,150 sqft. Built 1925. Listed at $1,500,000. MLS #2135623.
Approved mixed-use development opportunity in the heart of downtown Provo. This shovel-ready, 23,150 SF planned project is fully entitled for a DT1-zoned building featuring 20 condo or apartment residences with a rooftop deck, plus 4,000 SF of street-level commercial space. Positioned for standout appeal with incredible Provo Temple views and walkable access to restaurants, shopping, parks, comedy clubs, arts venues, and event centers. The site sits in a tax-advantaged Opportunity Zone and is framed by an apartment building and record store, with a public parking structure directly behind-supporting strong visibility, built-in demand, and convenient access. Buyer can move forward with the approved plans or submit new concepts.
Property Type
Residential
Property Style
> 4 Units
Architectural Style
High Rise
County
Utah
Zoning
Multi-Family
Lot Size
0.11 sq ft
MLS #
2135623
Property Type
Residential
Property Style
> 4 Units
Architectural Style
High Rise
County
Utah
Zoning
Multi-Family
Lot Size
0.11 sq ft
MLS #
2135623
List Price
$1,500,000
Annual Taxes
$1
Home Warranty
No
List Price
$1,500,000
Annual Taxes
$1
Home Warranty
No
Covered Spaces
0
Total Parking
0
Covered Spaces
0
Total Parking
0
Why this is a deal
Classification
Great Deal (vs Similar)
Deal Score
100/100
vs Similar Homes
52% below
vs Market Median
43% above
Area Growth (YoY)
1.7%
Deal Score Breakdown
100/100 · 2 qualifying signals
STR net cashflow +$5,683/mo (+59.2% return). Uses the better of LT or STR against total monthly ownership cost (P&I, tax, insurance, HOA, maintenance).
Priced 52% below the median of similar listings
1.7% year-over-year ZHVI growth in this area
Priced 43% above the per-subtype city median
No price reduction from original list
Ensemble scoring: the best single signal sets the floor, secondary qualifying signals (≥60) each add 5 points up to +20. A home that strongly wins on one dimension is already a great deal — it doesn't need to tick every box.
Why this classification
Est. Annual Revenue
$262,006/yr
$283/night · 41% occupancy · $113/bedroom · $0.17/sqft
Net Monthly Cash Flow
+$5,682 /mo (+$68,186/yr)
Monthly STR income
Monthly ownership cost
Coverage
227%
Net /mo
+$5,683
DSCR
2.01
Elementary
TimpanogosMiddle School
CentennialHigh School
TimpviewSchool District
Provo
Best Download
10 Gbps
Best Upload
10 Gbps
Fiber Available
Yes
Providers
14
Available Providers
$475,000
+216% vs median
52 days
218
$179,900 – $43,000,000
$1
Moderate
7.5
per 1,000
22.4
per 1,000
12.2
per 1,000
42.1
per 1,000
National rates use FBI UCR Index Crimes. Local rates use NIBRS which may include additional offense categories.
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Daryn Edmunds - High Road Properties

Salt Lake City Real Estate Broker Focused on Pricing, Positioning, and Results

Devin Tanner - Utah Realtor
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