




491 S Freedom Blvd #104-204, Provo, UT, 84606
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
Schools
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
- Lightning
- Winter Weather
How This Home’s Risks Compare
FEMA Declared Disasters Across Utah Counties
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
| Monthly | Annual | |
|---|---|---|
| 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...
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.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-08-02 | Price change | $659,000 |
| 2026-06-04 | Listed for sale | $695,000 |
| 2026-05-01 | Listing removed | $695,000 |
| 2026-01-23 | Price change | $695,000 |
| 2025-10-16 | Price change | $700,000 |
| 2025-09-05 | Price change | $715,000 |
| 2025-07-12 | Listed for sale | $729,900 |
| 2020-09-16 | Listing removed | $520,000 |
| 2020-09-09 | Listed for sale | $520,000 |
| 2019-12-25 | Listing removed | $999,000 |
| 2019-08-27 | Price change | $999,000 |
| 2019-07-28 | Pending sale | $1,050,000 |
| 2019-07-10 | Price change | $1,050,000 |
| 2019-06-18 | Listed for sale | $1,125,000 |
