840 1550, Orem, UT 84097
16BD/—BA Residential in Orem, UT 84097. 8,272 sqft. Built 1968. Listed at $1,950,000. MLS #2150457.
16BD/—BA Residential in Orem, UT 84097. 8,272 sqft. Built 1968. Listed at $1,950,000. MLS #2150457.
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. 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 all 8 units 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. 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
Property Type
Residential
Property Style
Quadruplex
Architectural Style
Stories: 2
County
Utah
Zoning
Multi-Family
Construction
Cedar,Stucco
Lot Size
0.27 sq ft
Condition
Blt./Standing
MLS #
2150457
Property Type
Residential
Property Style
Quadruplex
Architectural Style
Stories: 2
County
Utah
Zoning
Multi-Family
Construction
Cedar,Stucco
Lot Size
0.27 sq ft
Condition
Blt./Standing
MLS #
2150457
List Price
$1,950,000
Annual Taxes
$3,943
Home Warranty
No
List Price
$1,950,000
Annual Taxes
$3,943
Home Warranty
No
Heating
Gas: Central
Roof
Asphalt
Flooring
Carpet,Laminate,Tile
Materials
Cedar,Stucco
Laundry
Electric Dryer Hookup
Water Source
Culinary
Sewer
Sewer: Connected
View
Mountain(s)
Heating
Gas: Central
Roof
Asphalt
Flooring
Carpet,Laminate,Tile
Materials
Cedar,Stucco
Laundry
Electric Dryer Hookup
Water Source
Culinary
Sewer
Sewer: Connected
View
Mountain(s)
Covered Spaces
0
Total Parking
16
Covered Spaces
0
Total Parking
16
Why this is a deal
Classification
Standard
Deal Score
62/100
vs Similar Homes
113% above
vs Market Median
21% above
Area Growth (YoY)
5.1%
Deal Score Breakdown
62/100 · 1 qualifying signal
5.1% year-over-year ZHVI growth in this area
Priced 113% above the median of similar listings
Priced 21% above the per-subtype city median
STR net cashflow -$6,148/mo (-48.6% 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
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
$111,383/yr
$364/night · 41% occupancy · $123/bedroom · $0.38/sqft
Net Monthly Cash Flow
−$6,150 /mo (−$73,797/yr)
Monthly STR income
Monthly ownership cost
Coverage
73%
Net /mo
−$6,148
DSCR
0.67
Best Download
10 Gbps
Best Upload
10 Gbps
Fiber Available
Yes
Providers
15
Available Providers
$502,000
+288% vs median
52 days
161
$249,000 – $3,150,000
$3,943
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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