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491 S Freedom Blvd #104-204, Provo, UT, 84606

2beds
2baths
2,200sqft
$659,000
$300price/sqft
$4,048/moest. monthly cost
$161,920/yrincome needed

About This Home

Live Upstairs. Build Your Business Downstairs. Own Your Future. This is one of the most unique opportunities currently available in downtown Provo. With both the residential condo and the commercial space now completely vacant, the next owner has a blank canvas to create exactly the lifestyle and business they've been dreaming about. Located just minutes from BYU, Downtown Provo, Provo Towne Centre, the FrontRunner station, TRAX connections, I-15, restaurants, shopping, and entertainment, this rare mixed-use property offers flexibility that's incredibly difficult to find. The upper level features a bright and updated 2-bedroom, 1-bath residence with an open layout, modern finishes, abundant natural light, and a comfortable space to call home. Downstairs is approximately 1,100 square feet of commercial space, ready for your vision. Whether you've dreamed of opening a boutique, coffee shop, bakery, salon, fitness studio, creative office, photography studio, wellness practice, retail storefront, or professional office, this location gives you the opportunity to work where you live-with your commute measured in steps instead of miles. For investors, the possibilities are just as exciting. Lease both spaces separately, occupy one while generating income from the other, or create a long-term mixed-use investment in one of Utah County's fastest-growing markets. Property highlights include: Mixed-use zoning with residential and commercial flexibility Both units vacant and ready for immediate occupancy Separate entrances for residential and commercial spaces Separate gas and power meters Separate water heaters Excellent visibility along Freedom Boulevard Minutes from BYU and Downtown Provo Convenient access to FrontRunner, TRAX connections, UVX Bus Rapid Transit, and I-15 High-demand location surrounded by housing, restaurants, retail, and local businesses Opportunities like this rarely become available. Whether you're an entrepreneur ready to invest in yourself, a business owner looking to eliminate a daily commute, or an investor searching for a one-of-a-kind asset, this property delivers flexibility, convenience, and long-term potential in one of Provo's most desirable locations. Schedule your private showing today. Buyer to verify all information. Square footage figures are provided as a courtesy estimate only and were obtained from county records. Buyer is advised to obtain an independent measurement.

Getting Around

82
WalkingVery Walkable
54
TransitGood Transit
77
BikeVery Bikeable

Schools

4/10
Franklin SchoolGrades PK-60.4 mi
3/10
Shoreline Middle SchoolGrades 7-81.1 mi
4/10
Provo High SchoolGrades 7-123.3 mi

Construction

Condition

  • Property condition: Blt./Standing
  • Year built: 2014

Materials

  • Roof: Flat
  • Construction materials: Brick,Stucco

Type & Style

  • Home type: MultiFamily
  • Architectural style: Up And Down
  • Property subType: Duplex

Interior

Appliances

  • Appliances included: Disposal,Free-Standing Range,Built In Dishwasher

Bedrooms & Bathrooms

  • Bedrooms: 2
  • Bathrooms: 2

Features

  • Walk-In Closet(s)
  • Window features: None,Double Pane Windows
  • Flooring: Vinyl

Heating

  • Heating features: Forced Air,Central

Interior Area

  • Total structure area: 2,200
  • Total interior livable area: 2,200 sqft

Property

Details

  • Parcel number: 653930003
  • Attached to another structure: Yes
  • Zoning: MULTI
  • Zoning description: Multi-Family, Commercial

Features

  • Residential vegetation: Landscaping: Full

Lot

  • Lot size: 1,306 sqft
  • Lot size dimensions: 0.0 x 0.0 x 0.0

Parking

  • Total spaces: 2
  • Parking features: Open
  • Has uncovered spaces: Yes
  • Uncovered spaces: 2

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Earthquake
    EarthquakeRelatively High
  • Lightning
    LightningModerate
  • Winter Weather
    Winter WeatherModerate

How This Home’s Risks Compare

Earthquake
Lightning
Winter Weather

FEMA Declared Disasters Across Utah Counties

Flood

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $3,332$39,984
Home Insurance $144$1,728
Property Taxes $403$4,836
Electricity $169$2,039
Total$4,048$48,576

Income You'd Need if You Spent...

35% on housing$138,788/yr
40% on housing$121,440/yr
45% on housing$107,946/yr

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 9.2%
9.2%
0%30.0%
Electricity Growth Rate10-year average: 0.9%
0.9%
0%15.0%
Property Taxes Growth Rate2-year average: 2.9%
2.9%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$300This listing

vs Other Active Listings

Avg $/sqft

ZIP 84606$169
Utah County$203

vs Homes Sold Last Month

Median $/sqft

ZIP 84606$232
Utah County$203

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-08-02Price change$659,000
2026-06-04Listed for sale$695,000
2026-05-01Listing removed$695,000
2026-01-23Price change$695,000
2025-10-16Price change$700,000
2025-09-05Price change$715,000
2025-07-12Listed for sale$729,900
2020-09-16Listing removed$520,000
2020-09-09Listed for sale$520,000
2019-12-25Listing removed$999,000
2019-08-27Price change$999,000
2019-07-28Pending sale$1,050,000
2019-07-10Price change$1,050,000
2019-06-18Listed for sale$1,125,000

For Sale by Agent

AgentJessica Williams
BrokerageReal Broker, LLC

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