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
- 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
- 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
- Elementary School:
- Hillcrest
- Elementary School District:
- Alpine
- High School:
- Mountain View
- High School District:
- Alpine
- Middle Or Junior School District:
- Alpine
- Middle School:
- Lakeridge
- 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
- Tax Annual Amount:
- 3943.0
- 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
- 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
- Platinum Real Estate Professionals
- (435) 250-3355
-
platinum.pros.utah@gmail.com














