USAUTOrem840 E 1550 S
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840 E 1550 S, Orem, UT

House

For Sale

Listed price in listed location currency (USD).
$975,000

848

MLS® 2150457

  • Key Facts
  • Description
  • Map

Key Facts

Type Quadruplex
Levels Residential
Size 4138 sqft
Garage 
Taxes $3,943
Days Active 2
Lot Size 
Approx. Age 1968
Avg. Price Per Sqft $235
MLS® Number 2150457

Property Address: 840 E 1550 S, Orem, UT, 84097

Average square foot calculated using Size range provided by listing agent.

Description

Fantastic investment opportunity in a corridor with very strong rentability for similar units - Excellent location just minutes from UVU, Frontrunner, the University mall, etc. There are two 4-plex properties for sale, side-by-side, and the seller will only sell both together as a package to one buyer. Refer to listing ID 2150469. Both roofs were fully replaced in 2024. The owner is a sweet older lady. She has not kept rents "at market" because she has felt bad raising rents or has given discounts for other reasons. Some tenants have been in the property for over 10 years. Some are related to the owner. Conservative pro-forma rents are $1, 250/mo for 7 of the units, and $1, 350 for the one that has been remodeled (See marketing brochure) - Total of $121, 200 Gross Income Potential once re-tenanted. All leases expire in June or July, such that the new owner will be able to reposition every unit to a market rent in a very timely fashion and should be a fairly simple process. You will see in the rent roll all the actual rents at the bottom of the MLS listings. See the attached marketing brochure which demonstrates what market rates are. There is an extra land parcel of significant size on the south part of the property currently a fenced-in grass area. This can potentially be monetized in the future through constructing undercover parking, storage, or another 4-plex. One unit was remodeled in 2023 for a family member. The rest have simply been maintained with appliances, carpet, furnaces, paint, etc, as needed. Property is sold as-is. Seller not interested in seller financing. Square footage figures are provided as a courtesy estimate only and are not guaranteed. Buyer is advised to obtain an independent measurement
MLS® Number2150457
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age1968
Basement
DrivewayParking: Uncovered
Garage Spaces
Heat
A/C
Heating Fuel

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Apr 14, 2026List Date
$975,000List Price
  • Commute

Commute

Starting Address
Destination Address
840 E 1550 S, Orem, UT

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