New - 14 hours on Rocket
$7,588 Closing Credit¹
#2063215, Adam Koch, Listing Office: The Honor Group, LLC
$8,313
closing credit¹
379 N 500 E Provo, UT 84606
$700,000 List price
$8,313
Closing credit¹
6 beds
2 full
2,510 sqft
0.2 acres
$279 / sqft
House
Property details
About 379 N 500 E
Exceptional investment opportunity! This property is fully approved for 6 singles and currently rented to 6 men, ensuring consistent revenue. Fully furnished, turnkey rental. It boasts three 1 car garages plus an additional carport, and lots of covered bike or motorcycle parking catering to tenants' parking needs. The outdoor living space is enhanced by a 240 sq ft covered patio, a delightful bonus not included in the reported square footage. Recent upgrades include a new cabinets, countertops and new dishwasher, adding to the property's value and appeal. Each private room is rented at $560/month, contributing to an approximate Net Operating Income (NOI) of $37,920. There's potential for increased revenue, with plans to raise rents to $600/month, making this an even more lucrative investment.
Highlights
Home typeSingle Family Residence
HeatingForced Air
StatusActive
CoolingEvaporative Cooling
Size2,510 sqft
Lot size0.17 Acres
Year built1923
ParkingCovered
MLS #2027397
Garage3 spaces
ViewMountain(s)
Summary
- MLS Number: 2027397
- MLS Name: UtahRealEstate.com
- Office Name: Alliance Real Estate, PLLC
- Office Phone: (801) 222-9449
- Listing Agent: Christine Alleman
Based on information from UtahRealEstate.com 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. Information deemed reliable but not guaranteed accurate. The compilation of listings and each individual listing are Copyright © 2025 UtahRealEstate.com All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 2/7/2025, 2:20:51 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$700,000
379 N 500 E
$8,313
closing credit¹
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Price information
Property sales
We're sorry, we currently don't have property sales data for this listing.
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $254,430 | $2,560 |
| 2023 | $248,490 | $2,560 |
| 2021 | $345,300 | $2,769 |
| 2020 | $313,900 | $2,023 |
| 2019 | $160,985 | $1,562 |
| 2017 | $132,715 | $1,431 |
History based on county public records data.
Nearby schools
6
Provo Peaks School
Public District PK-6
0.3 mi
•665 E Center St
7
Wasatch School
Public District KG-6
0.8 mi
•1080 N 900 E
4
Timpanogos School
Public District KG-6
1.0 mi
•449 N 500 W
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $24,438. Typical income of Provo, UT residents is less than $<35k annually. Residents typically live in single, no kids family. Residents of this area typically have post secondary degree education.
How much money do the neighbors make?
65%
<35k
28%
35k-100k
7%
100k-200k
0%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
What types of families live nearby?
68%
Single, No Kids
1%
Single, with Kids
19%
Married, No Kids
12%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
4%
<11 yrs old
1%
12-17 yrs old
93%
18-34 yrs old
2%
35-64 yrs old
0%
65+ yrs old
What do the neighbors do for fun?
Pro Boxing
Major League Soccer (MLS)
Mexican League Soccer
Where do the neighbors shop?
H&M
Burlington
Foot Locker
Where do the neighbors go to eat?
Boston Market
White Castle
Popeyes
What do the neighbors drive?
Honda
Kia
Nissan
What do the neighbors listen to?
Rhythmic Contemporary Hits
Urban Adult Contemporary
News
All data provided by Home Junction and Claritas
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Frequently asked questions
About 379 N 500 E
This home is located at 379 N 500 E in Provo, UT and zip code 84606 in the Joaquin neighborhood. This 2,510 square foot home, which was built in 1923, sits on a 0.17 acre lot. Features: 6 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since October 4, 2024 and is currently priced at $700,000.
The number of homes for sale in Provo, UT increased by 51.6% between December and January 2025. The median list price of listings available in January 2025 was $542,400, while the average time on the real estate market was 97 days.
From Rocket Homes Real Estate and based on county public records data.