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245 S 500 E
Provo, UT 84606
MLS #2125688

$506,000

 Available

3 Beds | 2 Baths | 0 Garage | 1,840 Sq Ft

Estimated Payment:  /month 
245 S 500 E
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Single Family Home for Sale

Welcome Home! Whether you are looking for a delightful house that you can transform into your very own home complete with basement mother-in-law apartment or a reliable source of generating rental income to assist with the financial dynamics of ownership. Or perhaps you're investment minded and looking to generate lasting wealth by curating this profitable investment asset complete with immense value and untapped potential to launch or fortify your growing portfolio. located less than 5 minutes away from the BYU Campus providing a virtual unending supply of potential tenants. No matter if You, or Your Tenants are looking to live in a warm and inviting home environment indoors, or taking in a private moment to kick the ball, throw the frisbee, play with the dog, or even immerse yourself in the tranquility of creativity by taking time to paint or throw pottery in the Art Shed nestled within the confines of the secluded back yard. Then when it's time to get out for an evening on the town you or your tenants are only 3 minutes away from the vibrant culture of Downtown Provo replete with numerous restaurants to satisfy any taste and numerous activities that are sure to invigorate the mind. With all the foregoing it is easy to see that this property is amply prepared to provide memories to last a lifetime. If this is the type of environment you are looking for personally or are hoping to provide for your valued tenants then you are hereby invited to consider taking the opportunity to make this ideal residence your very own.. As far as the facts go this property has boasted a solid history of quality tenants. Main Floor Tenants have vacated due to not knowing if the Buyer would be an Investor or an Owner Occupied Buyer. However Rent rate was $1800. Basement tenant just renewed Lease on a Month-to-Month Basis at $1,000.00 a month and would like to secured a long term lease if the new owner will allow, but the month-to-month arrangement ensures that if having a basement tenant is not needed/wanted notice can be given and tenant would be moved out likely by close of escrow. This property has been pre-inspected by one of the very best Home Inspectors in the entire State of Utah to ensure that this property is in excellent condition, free of any surprises, which report will gladly be shared with any valid accepted offer with a desire to help any ready willing and able buyer make a more informed decision in the purchasing process. What is more, the roof has recently been replaced, and the owner has continued to invest in considerable improvements in the property which are detailed in the supplementary paperwork. As the Property is currently 100% occupied please do not disturb tenants. Kindly provide 24-48 hour notice prior to any showing requests. However, don't let that stop you from reaching out to arrange an easy, convenient and private showing today. All information herein is deemed reliable but is not guaranteed. Buyer is therefore responsible to verify all listing information, including square footage/acreage, to Buyer's own satisfaction.

Rooms, Laundry, & Layout

 BedsBathsLaundrySq Ft
Floor 12101,152
Basement*111688
*The basement is 100% finished.
Price Insights
Current price
Price per sq ft
Price per finished sq ft
$506,000
$275 / square foot
$275 / finished sq ft

48 Days on the Market
Status: Available

Schools, Inclusions, & Exclusions


Inclusions are often re-negotiated during contract negotiation.
No items have been listed as excluded.

Provo School District

Elementary: Provo Peaks
Middle: Centennial
Senior: Provo
The Numbers
Interior :
Basement :
Style :
Year built :
Lot acres :
Lot sq ft :
1,840 square feet
100% finished
Style: Rambler/Ranch
1924
.19 acres
8,276 square feet

Home Features & Amenities

Features: Second Kitchen, Mom-in-Law Apartment, Free Standing Range/Oven
Window Coverings: Drapes, Part
Heating: Forced Air
Air Conditioning: Central Air
Utilities: Natural Gas Connected, Electricity Connected, Sewer Connected, Public Sewer, Water Connected

Private Showing

K Real Estate
For showing appointments, call K Real Estate to view the home at 245 S 500 E in Provo. Give K Real Estate a call at (833) KRE-UTAH.
245 S 500 E was listed on Nov 27th, 2025 by Berkshire Hathaway HomeServices Elite Real Estate, a real estate brokerage. 801-224-9011 is the contact info for the listing brokerage contact assigned for this listing.

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