840 E 1550 S, Orem, UT 84097

Orem
Local realty services provided by:ERA Realty Center
840 E 1550 S,Orem, UT 84097
$1,950,000
  • 16 Beds
  • 12 Baths
  • 8,272 sq. ft.
  • Multi-family
  • Active
Listed by: kevin ford, aaron g cook
Office: core utah real estate
MLS#:2150457
Source:SL

Price summary

  • Price:$1,950,000
  • Price per sq. ft.:$235.74

About this home

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...

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Home facts

  • Year built:1968
  • Listing ID #:2150457
  • Added:29 day(s) ago
  • Updated:May 14, 2026 at 11:09 AM

Rooms and interior

  • Bedrooms:16
  • Total bathrooms:12
  • Flooring:Carpet, Laminate, Tile
  • Kitchen Description:Kitchen: Updated, Range/Oven: Free Stdng.
  • Living area:8,272 sq. ft.

Heating and cooling

  • Heating:Gas: Central

Structure and exterior

  • Roof:Asphalt
  • Year built:1968
  • Building area:8,272 sq. ft.
  • Lot area:0.27 Acres
  • Lot Features:Additional Land Available, Fenced: Partial, Flat, Road: Paved, Sidewalks, Sprinkler: Auto-Full
  • Construction Materials:Cedar, Stucco
  • Exterior Features:Entry (Foyer)

Schools

  • High school:Mountain View
  • Middle school:Lakeridge
  • Elementary school:Hillcrest

Utilities

  • Water:Culinary, Water Connected
  • Sewer:Sewer Connected, Sewer: Connected

Finances and disclosures

  • Price:$1,950,000
  • Price per sq. ft.:$235.74
  • Tax amount:$3,943

Features and amenities

  • Laundry features:Electric Dryer Hookups
  • Amenities:Storage Shed(s)

Parking

  • Total parking spaces:16
  • Parking description:Parking: Uncovered

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