Renovated 4-Unit
For Sale
$1,095,000
1026 N 150 W, Orem, UT 84057
Residential, Orem, UT
Property Size4,624 SF
Lot Size0.25 Acres
Price / SF$236.81
Days on Market28
Property Features for 1026 N 150 W
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Zoning
Multi-Family
Bedrooms
8
Bathrooms
6
Full bathrooms
6
Rooms
Bathroom 1, Bedroom 8, Bedroom 1, Bedroom 3, Bedroom 7, Bedroom 4, Bedroom 6, Bedroom 5, Bathroom 4, Bathroom 6, Bedroom 2, Bathroom 5, Bathroom 3, Bathroom 2
Parking
8
Parking features
Covered
Interior features
Disposal, Kitchen: Updated, Range/Oven: Free Stdng., Dishwasher: Built-In
Exterior features
Double Pane Windows, Lighting
Subdivision
AMENDED COTTAGE HEIGHTS
Lot features
Curb & Gutter, Road: Paved, Sidewalks
Elementary school
Bonneville
Middle school
Orem
High school
Timpanogos
Elementary school district
Alpine
Middle school district
Alpine
High school district
Alpine
Standard status
Active
APN
36-111-0005
Size
4,624 SF
Lot size
0.25 Acres
Taxes and HOA fees
Tax Annual Amount
3940
Utilities
Sewer type
Public Sewer
Heating system
Forced Air, Central, Natural Gas
Building Details
Year built
1974
Number of units
4
Building materials
Brick
Roof type
Asphalt
Architectural style
Other
Listing Agency:
Selling Salt Lake
(801) 998-8568
Listed By:
Kian Torimi
(801) 792-2010
Added: Sep 9
Changed: Oct 2
Last Checked: Oct 6 at 9:06AM
MLS# 2184784
Copyright © 2026 UtahRealEstate.com. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
At 1026 N 150 W, this 4,624-square-foot quadplex contains four two-story residences, each arranged with two bedrooms and one full and one half bath. The main floor has a kitchen, living area, half bath and washer/dryer hookups; bedrooms and the full bath are upstairs. A 2022 renovation updated the roof, siding, fascia, gutters, windows, exterior lighting, HVAC, water heaters, kitchens, baths, flooring and fixtures. The property was built in 1974 and occupies 0.25 acres.
All four residences are occupied and have staggered annual leases, with professional management in place. Each unit has separate gas and electric meters and its own water heater. Tenants pay gas and electric, along with a flat reimbursement for water, sewer and trash. The property has off-street parking for eight vehicles and is near State Street, 800 North, I-15 and UVU. Zoning is Multi-Family.
All four residences are occupied and have staggered annual leases, with professional management in place. Each unit has separate gas and electric meters and its own water heater. Tenants pay gas and electric, along with a flat reimbursement for water, sewer and trash. The property has off-street parking for eight vehicles and is near State Street, 800 North, I-15 and UVU. Zoning is Multi-Family.
Key Highlights
- Four two‑story units, each with 2 bedrooms and 1.5 bathrooms
- 4,624 square feet on a 0.25‑acre lot; built in 1974
- 2022 renovation included new roof, siding, windows, HVAC, water heaters, kitchens, baths and flooring
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$42,658
Cap Rate
3.90%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$853,160
$853.2K
Cap Rate 7%
$609,400
$609.4K
Cap Rate 9%
$473,978
$474.0K
Market Conditions
NOI Build-Up for 4,624 SF
Gross rent
$63.8K $13.80/SF
− Vacancy
−$2.9K −$0.62/SF
EGI
$60.9K $13.18/SF
− OpEx
−$18.3K −$3.95/SF
NOI
$42.7K $9.23/SF
Area
Utah County, UT
Vacancy
4.50%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$853,160
Cap Rate 7%
$609,400
Cap Rate 9%
$473,978
Alternative Uses
Best Use
Multifamily LT 5
$609.4K
$533.2K – $711.0K
NOI $42,658 @ 7.0% cap · market cap 3.90%
Second Best
Apartment 5plus
$560.3K
$490.3K – $653.7K
NOI $39,222 @ 7.0% cap · market cap 3.58%
Theoretical Best
Office A
$1.27M
$1.12M – $1.49M
NOI $89,225 @ 7.0% cap · market cap 8.15%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
4
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
998
Businesses Nearby
Explore this area
Business Placement
Demographics for 84057, UT
38,401
Population
12,246
Households
3.1
Avg Household Size
29
Median Age
39%
College-Educated
93%
High-School Grad
6.2 sq mi
ZIP Area
6,194
Density / Sq Mi
$80,184
Median Household Income
$36,429
Median Earnings
$1,408
Median Rent
$398,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Quadplex - Four separately metered residences pair townhouse layouts with updated interiors and building systems.
Where is this quadplex located?
The property is located at 1026 N 150 W Orem, UT.
What is the asking price?
The asking price for this property is $1,095,000.
What are key features of this property?
This property features: Four two‑story units, each with 2 bedrooms and 1.5 bathrooms; 4,624 square feet on a 0.25‑acre lot; built in 1974; 2022 renovation included new roof, siding, windows, HVAC, water heaters, kitchens, baths and flooring
