1785 550, Provo, UT 84604
4BD/—BA Residential in Provo, UT 84604. 1,692 sqft. Built 1944. Listed at $575,000. MLS #2166075.
4BD/—BA Residential in Provo, UT 84604. 1,692 sqft. Built 1944. Listed at $575,000. MLS #2166075.
What a great legal duplex with a usual 5.7% CAP rate! Currently top floor is still occupied, basement was emptied out for new flooring and preparing for a new owner. If you'd like to rent the basement as well it hasn't had any issues pulling in $1,300- $1,400 a month in rent. Upstairs is on a lease till end of Summer 2026 at $1,700. Tenants pay for gas and electric utilities, as they are separate meters. Wifi (google fiber) is paid by owner but reimbursed by tenants, easily an option to have tenants swap the system to their names, but it was easier to leave it running in the owner names and having tenants pay it back. 2024 it got a NEW roof, as well as a new swamp cooler for upstairs. Basement has a nice little AC unit in the window, but you will see it stays nice and cool. Each apartment has their own storage place in the carport, and both units have double entrance/exits. Basement is vacant and easy to show, please do NOT disturb the upstairs tenants until offer time. This is a great investment property close to BYU and UVU. Call agent for any questions. Square footage figures are provided as a courtesy estimate only. Buyer is advised to obtain an independent measurement.
Property Type
Residential
Property Style
Duplex
Architectural Style
Up And Down
County
Utah
Zoning
Multi-Family
Lot Size
0.17 sq ft
Condition
Blt./Standing
MLS #
2166075
Property Type
Residential
Property Style
Duplex
Architectural Style
Up And Down
County
Utah
Zoning
Multi-Family
Lot Size
0.17 sq ft
Condition
Blt./Standing
MLS #
2166075
List Price
$575,000
Annual Taxes
$2,502
Home Warranty
No
List Price
$575,000
Annual Taxes
$2,502
Home Warranty
No
Heating
Forced Air,Gas: Central
Roof
Asphalt
Flooring
Hardwood,Tile,Vinyl
Laundry
Electric Dryer Hookup
Patio & Porch
Covered
Water Source
Culinary
Sewer
Sewer: Connected
View
Mountain(s)
Heating
Forced Air,Gas: Central
Roof
Asphalt
Flooring
Hardwood,Tile,Vinyl
Laundry
Electric Dryer Hookup
Patio & Porch
Covered
Water Source
Culinary
Sewer
Sewer: Connected
View
Mountain(s)
Covered Spaces
2
Total Parking
6
Covered Spaces
2
Total Parking
6
Classification
Standard
Deal Score
45/100
vs Similar Homes
13% above
vs Market Median
5% above
Area Growth (YoY)
4.9%
Deal Score Breakdown
45/100
4.9% year-over-year ZHVI growth in this area
Priced 5% above the per-subtype city median
Priced 13% above the median of similar listings
STR net cashflow -$1,710/mo (-44.3% return). Uses the better of LT or STR against total monthly ownership cost (P&I, tax, insurance, HOA, maintenance).
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
$36,876/yr
$358/night · 41% occupancy · $123/bedroom · $0.38/sqft
Net Monthly Cash Flow
−$1,710 /mo (−$20,514/yr)
Monthly STR income
Monthly ownership cost
Coverage
80%
Net /mo
−$1,710
DSCR
0.75
Best Download
10 Gbps
Best Upload
10 Gbps
Fiber Available
Yes
Providers
14
Available Providers
$465,000
+24% vs median
44 days
234
$190,999 – $38,000,000
$2,502
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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