830 E 1550 S, Orem, UT 84097

Orem
Local realty services provided by:Better Homes and Gardens Real Estate Momentum
830 E 1550 S,Orem, UT 84097
$975,000
  • 8 Beds
  • 4 Baths
  • 4,138 sq. ft.
  • Multi-family
  • Active
Listed by: kevin ford, aaron g cook
Office: core utah real estate
MLS#:2150469
Source:SL

Price summary

  • Price:$975,000
  • Price per sq. ft.:$235.62

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. 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 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....

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Home facts

  • Year built:1968
  • Listing ID #:2150469
  • Added:6 day(s) ago
  • Updated:April 21, 2026 at 11:11 AM

Rooms and interior

  • Bedrooms:8
  • Total bathrooms:4
  • Flooring:Carpet, Tile
  • Kitchen Description:Range/Oven: Free Stdng.
  • Living area:4,138 sq. ft.

Heating and cooling

  • Heating:Gas: Central

Structure and exterior

  • Roof:Asphalt
  • Year built:1968
  • Building area:4,138 sq. ft.
  • Lot area:0.29 Acres
  • Lot Features:Fenced: Partial, Flat, Road: Paved
  • Construction Materials:Brick
  • 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:$975,000
  • Price per sq. ft.:$235.62
  • Tax amount:$3,988

Parking

  • Total parking spaces:12

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