232 250, Orem, UT 84057
8BD/—BA Residential in Orem, UT 84057. 4,158 sqft. Built 1969. Listed at $1,149,998. MLS #2125535.
8BD/—BA Residential in Orem, UT 84057. 4,158 sqft. Built 1969. Listed at $1,149,998. MLS #2125535.
This well cared for 4-plex has seen over $80,000 in recent capital improvements by licensed contractors. Three of the four units were extensively renovated with new stainless steel appliances, luxury vinyl flooring, quartz countertops in the kitchens and bathrooms, stainless steel farmhouse sinks, updated lighting, and fresh paint throughout. All units have AC. Since purchasing the property, the current owner has continued to improve and maintain the building. Recent upgrades include a new washer and dryer, new water heater, a new furnace, electrical updates, plumbing updates, new bath and shower, and refreshed landscaping. New excellent tenants have been placed since the purchase. The property is fully leased to great tenants at a combined rent of $6,100 per month. Units in this location lease in under ten days due to strong demand in Orem. This is a turn key, low maintenance asset in a highly desirable area. If you are looking for a clean, updated, and easy to manage investment with strong rent performance, this is an excellent option.
Property Type
Residential
Property Style
Quadruplex
Architectural Style
Stories: 2
Subdivision
NORTH VIEW
County
Utah
Zoning
Multi-Family
Construction
Brick,Frame
Lot Size
0.23 sq ft
Condition
Blt./Standing
MLS #
2125535
Property Type
Residential
Property Style
Quadruplex
Architectural Style
Stories: 2
Subdivision
NORTH VIEW
County
Utah
Zoning
Multi-Family
Construction
Brick,Frame
Lot Size
0.23 sq ft
Condition
Blt./Standing
MLS #
2125535
List Price
$1,149,998
Original Price
$1,150,000
Annual Taxes
$3,969
Home Warranty
Yes
List Price
$1,149,998
Original Price
$1,150,000
Annual Taxes
$3,969
Home Warranty
Yes
Heating
Forced Air,Gas: Central
Roof
Asphalt
Materials
Brick,Frame
Laundry
Electric Dryer Hookup
Water Source
Culinary
Sewer
Sewer: Connected,Sewer: Public
View
Mountain(s)
Heating
Forced Air,Gas: Central
Roof
Asphalt
Materials
Brick,Frame
Laundry
Electric Dryer Hookup
Water Source
Culinary
Sewer
Sewer: Connected,Sewer: Public
View
Mountain(s)
Covered Spaces
0
Total Parking
8
Covered Spaces
0
Total Parking
8
Why this is a deal
Classification
Standard
Deal Score
62/100
vs Market Median
51% above
Area Growth (YoY)
5.9%
Deal Score Breakdown
62/100 · 1 qualifying signal
5.9% year-over-year ZHVI growth in this area
Priced 51% above the per-subtype city median
STR net cashflow -$3,589/mo (-47.3% return). Uses the better of LT or STR against total monthly ownership cost (P&I, tax, insurance, HOA, maintenance).
No price reduction from original list
Not enough comparable listings
Ensemble scoring: the best single signal sets the floor, secondary qualifying signals (≥60) each add 5 points up to +20. A home that strongly wins on one dimension is already a great deal — it doesn't need to tick every box.
Why this classification
Est. Annual Revenue
$68,673/yr
$364/night · 41% occupancy · $123/bedroom · $0.38/sqft
Net Monthly Cash Flow
−$3,588 /mo (−$43,055/yr)
Monthly STR income
Monthly ownership cost
Coverage
75%
Net /mo
−$3,589
DSCR
0.70
Best Download
10 Gbps
Best Upload
10 Gbps
Fiber Available
Yes
Providers
14
Available Providers
$502,000
+129% vs median
52 days
161
$249,000 – $3,150,000
$3,969
Moderate
9.5
per 1,000
25.1
per 1,000
9.6
per 1,000
44.2
per 1,000
National rates use FBI UCR Index Crimes. Local rates use NIBRS which may include additional offense categories.
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