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Quadruplex

Active

27Days on Market

$925,000

$269/sqft+3.7%/yrHome values in the 84097 zip code have grown an average of 3.7% per year over the last 5 years.

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About This Property

I'm interested

Well-maintained, fully leased fourplex in a highly desirable Orem rental location. Each of the four units offers 861 square feet with 2 bedrooms and 1 bathroom, including washer and dryer hookups. All units have central A/C (installed in 2023) and forced-air heating. The property has numerous capital improvements, including a new roof, siding, fascia, and rain gutters completed in 2013. Units 732, 734, and 736 were updated with cabinets, new sinks, and dishwashers, while several units also feature laminate flooring and other interior improvements. Situated on a deep 0.304-acre lot, the property offers additional outdoor space and long-term potential. Current monthly rental income is $4,850, with rents of $1,250, $1,250, $1,250, and $1,100 (month-to-month). Tenants pay their own gas and electricity, while the owner pays water, sewer, and trash. Ideally located adjacent to University Place Mall and within 10 minutes of UVU, BYU, and I-15, this property provides stable in-place income in one of Orem's strongest rental markets. Square footage figures are provided as a courtesy estimate only and were obtained from the county records. Buyer is advised to obtain an independent measurement.

Property Features

Heating

Gas: Central

Flooring

Carpet,Laminate

Parking

Parking: Uncovered

Unit Breakdown

Type 1×4

2 bed · 1 bath · Square Feet: 861

$0/mo each

= $0/mo

Total Actual Rent(4 units)

$0/mo

Location

Estimated Monthly Payment

$5,176/mo

Down Payment$185,000 (20%)

Principal & Interest$4,691

Property Tax$312/mo

Insurance (est.)$173/mo

Est. Total$5,176/mo

Based on 20% down, 6.529% rate, 30-yr fixed. For estimation only.

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MLS# 2175563• Tax ID: 19-020-0074

Courtesy of Joshua Spackman, Rock Canyon Real Estate LLC · 385-309-7824 · jspackman8@gmail.com

Property data from UtahRealEstate.com. Home value index from Zillow Research (zillow.com/research/data). Walkability data from Walk Score. Rent estimates from Rentometer. Public records (owner + loan) from the Salt Lake County Recorder; loan rate estimated from FRED's 30-yr average at origination month, balance assumes a 30-yr fixed with no extra payments. Property valuations by Rocco Value. Information deemed reliable but not guaranteed.