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$975,000
840 E 1550 S, Orem, UT 84097
Units
4
Price/Unit
$243,750
Price/Sqft
$236
Property Details
Unit Mix
| Type | Count | Beds | Baths | Sqft | Rent/Mo |
|---|---|---|---|---|---|
| 2BR / 2BA | 1 | 2 | 2 | — | $1,100/mo |
| 2BR / 2BA | 1 | 2 | 2 | — | $1,100/mo |
| 2BR / 3BA | 1 | 2 | 3 | — | $600/mo |
| 2BR / 2BA | 1 | 2 | 2 | — | $350/mo |
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
Listed by Kevin Ford · Core Utah Real Estate
Proforma
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Cap Rate
4.39%
Cash-on-Cash
-0.77%
Cash Flow
-$235/mo
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Pro forma estimates are based on assumptions, not guaranteed, and should not be relied upon.
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© 2026 UtahRealEstate.com. All rights reserved. Based on information from the Wasatch Front Regional Multiple Listing Service, Inc. as of 4/16/2026, 12:56:33 PM. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or the MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Listing data provided by UtahRealEstate.com.