Multifamily Property for Sale in Provo, UT

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: Provo, UT 84606

Description

Marcus & Millichap is pleased to present the Pointe Portfolio, a three-property student and conventional housing portfolio strategically located in Provo, Utah—one of the most vibrant university-driven markets in the Mountain West. Situated just minutes from Brigham Young University, the portfolio benefits from exceptional walkability to campus, consistent student demand, and long-term occupancy stability. Each property offers spacious floorplans and shared amenity potential, while also benefiting from operational efficiencies as part of a larger portfolio. The offering provides flexibility for investors to acquire the assets collectively as a portfolio or individually, allowing for tailored investment strategies. Set within the fast-growing Provo-Orem metro—recognized nationally for its robust economic and population growth—the Pointe Portfolio is well positioned to capture sustained leasing velocity and upward rental trends. With stabilized operations and clear value-add upside through cosmetic enhancements and amenity upgrades, the portfolio represents a compelling investment opportunity offering scale, strong fundamentals, and institutional appeal in one of Utah’s most supply-constrained student housing submarkets. Investment Highlights: • Unmatched Proximity to BYU: Located just minutes from Brigham Young University, the portfolio benefits from consistent student demand, exceptional walkability to campus, and long-term occupancy • Portfolio-Level Efficiencies: Shared management and systems across the portfolio reduce overhead while improving operational efficiency and performance. • Clear Value-Add Upside: Each asset presents an opportunity for cosmetic upgrades and amenity enhancements, supporting rental growth and improved cash flow through targeted renovations.

Market Context

This multifamily in Provo, UT is listed for sale. It has been on the market for 68 days. Compare it against other multifamily listings for sale in Provo, UT — <a href="/search/sale/multifamily/utah/provo">view the full market</a>.

As of Q4 2023, the Salt Lake City multifamily market showed average asking rents near $1055.00/unit/mo, rents up 5.4% year over year, and cap rates around 6.0%. Source: Consensus Q4 2023 market report.

Rising rents point to a competitive market where well-priced, well-located assets trade quickly.

Multifamily market FAQ

What is the typical cap rate for multifamily in Salt Lake City?
About 6.0% as of Q4 2023, per Consensus.

Contact

Explore this market

Similar Multifamily Property for Sale in Provo, UT