Property Description

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

Features
Heating System:
Gas: Central
Parking:
Parking: Uncovered
Architectural Style:
Stories: 2
Exterior Features:
Entry (Foyer)
Flooring:
Carpet, Tile, Laminate
Interior Features:
Kitchen: Updated, Range/Oven: Free Stdng.
Laundry Features:
Electric Dryer Hookup
Sewer:
Sewer: Connected
Utilities:
Natural Gas Connected, Electricity Connected, Sewer Connected, Water Connected
Window Features:
None
Address Map
Country:
US
State:
UT
County:
Utah
City:
Orem
Zipcode:
84097
Street:
1550
Street Number:
840
Longitude:
W112° 19' 28.2''
Latitude:
N40° 16' 6.8''
Direction Faces:
South
Mls Area Major:
Pl Grove; Lindon; Orem
Street Dir Prefix:
E
Street Dir Suffix:
S
Zoning:
Multi-Family
Neighborhood
Elementary School:
Hillcrest
Elementary School District:
Alpine
High School:
Mountain View
High School District:
Alpine
Middle Or Junior School District:
Alpine
Middle School:
Lakeridge
Additional Information
Lot Size Dimensions:
0.0x0.0x0.0
Water Source:
Culinary
On Market Date:
2026-04-14
Number Of Units Total:
8
Accessibility Features:
Accessible Doors
Lot Features:
Road: Paved, Sidewalks, View: Mountain, Additional Land Available, Fenced: Part, Sprinkler: Auto-Full
Current Use:
Residential
Construction Materials:
Stucco, Cedar
Building Size:
8272
Financial
Tax Annual Amount:
3943.0
Listing Information
Co List Agent Full Name:
Aaron G Cook
Co List Agent Mls Id:
81428
Co List Office Mls Id:
70614
Co List Office Name:
Core Utah Real Estate
List Agent Mls Id:
96541
List Office Mls Id:
70614
Mls Status:
Under Contract
Modification Timestamp:
2026-06-19T15:42:59Z
Originating System Name:
WFRMLS
Status Change Timestamp:
2026-06-19T15:36:05Z

Residential For Sale

840 E 1550 S, Orem, Utah 84097

16 Bedrooms
12 Bathrooms
8,272 Sqft
$1,850,000
Listing ID #2150457
Basic Details
Property Type :
Residential
Listing Type :
For Sale
Listing ID :
2150457
Price :
$1,850,000
View :
Mountain(s)
Bedrooms :
16
Bathrooms :
12
Square Footage :
8,272 Sqft
Year Built :
1968
Lot Area :
0.27 Acre
Status :
Pending
Office Name :
Core Utah Real Estate
Agent Name :
Kevin Ford
Listing Status :
Pending
Property Sub Type :
Quadruplex
Roof:
Asphalt
Agent info
Mortgage Calculator
$
$ %
years
%
$ %per year
$ %per year

$
Contact Agent