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    1901 S 1030 W Orem, UT 84058

    Sponsored
    For Sale
    $5,995,000

    MULTI_FAMILY - Other - Orem, UT

    Property size:
    24,840 SF
    Lot size:
    0.30 Acres
    Days on Market:
    80
    Last Refresh:
    Jan 21 at 11:06 am

    Property Features for 1901 S 1030 W

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Zoning
    Single-Family
    Rooms
    Bathroom 23, Bathroom 43, Bedroom 21, Bathroom 32, Bedroom 12, Bathroom 22, Bathroom 21, Bedroom 10, Bedroom 29, Bathroom 40, Bathroom 33, Bedroom 42, Bathroom 27, Bedroom 2, Bedroom 4, Bedroom 5, Bedroom 16, Bathroom 1, Bedroom 32, Bedroom 23, Bathroom 31, Bathroom 3, Bathroom 24, Bathroom 14, Bedroom 11, Bathroom 16, Bedroom 36, Bathroom 13, Bathroom 29, Bathroom 5, Bathroom 48, Bedroom 9, Bathroom 20, Bathroom 6, Bedroom 19, Bathroom 19, Bedroom 26, Bedroom 7, Bathroom 41, Bathroom 25, Bedroom 8, Bedroom 34, Bathroom 8, Bathroom 28, Bedroom 35, Bedroom 47, Bathroom 34, Bathroom 7, Bedroom 22, Bedroom 40, Bathroom 45, Bedroom 31, Bedroom 45, Bedroom 30, Bedroom 14, Bathroom 46, Bedroom 17, Bedroom 25, Bedroom 13, Bedroom 20, Bedroom 44, Bathroom 44, Bedroom 28, Bathroom 17, Bathroom 35, Bedroom 24, Bathroom 36, Bedroom 48, Bathroom 38, Bedroom 6, Bedroom 39, Bedroom 1, Bathroom 9, Bedroom 38, Bathroom 30, Bedroom 3, Bedroom 15, Bathroom 15, Bedroom 46, Bathroom 4, Bedroom 18, Bedroom 37, Bathroom 10, Bathroom 42, Bathroom 47, Bedroom 43, Bathroom 26, Bathroom 12, Bedroom 33, Bathroom 37, Bathroom 2, Bathroom 39, Bathroom 11, Bedroom 27, Bedroom 41, Bathroom 18
    Bedrooms
    48
    Bathrooms
    48
    APN
    39-300-0508
    Parking
    24
    Interior features
    Kitchen: Updated, Dishwasher: Built-In, Energy Star
    Exterior features
    Double Pane Windows, Lighting, Sliding Glass Doors
    Size
    24,840 SF
    Lot size
    0.30 Acres

    Utilities

    Heating system
    Forced Air

    Building Details

    Year built
    2019
    Floors in Building
    3
    Number of units
    12
    Flooring type
    Carpet, Tile, Laminate
    Building materials
    Brick, Stucco
    Roof type
    Asphalt
    Architectural style
    Other

    We can help!

    Listing Contact
    Darren Mansell

    Mansell Real Estate Inc. [email protected]

    Listing agent Darren Mansell (801) 566-4010

    Listing date Nov 3, 2025

    MLS# 2118503 Listing URL

    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.

    Learn more

    Property Insight Report

    Overview

    Orem Multifamily Townhomes Near Universities

    This offering features 12 multi-family townhomes, fully leased and located 4 minutes from UVU and 11 minutes from BYU. Each townhome includes 4 bedrooms, 4 bathrooms, a 2-car garage, a large kitchen, and a family room. The property consists of 3 buildings on a 0.3-acre lot, totaling 24,840 square feet. These units have been consistently leased since they were newly built. The zoning is Single-Family. The properties have separate tax IDs, allowing for potential individual sales. The location offers strong demand and appreciation.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Law Firm Realty agency Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Gym & Fitness Building Supply

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Orem
    County
    Utah
    State
    Utah
    Longitude
    -111.718027
    Latitude
    40.26224

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    FAQs

    What type of property is this?
    Apartment building - Twelve fully leased townhomes near UVU and BYU.
    Where is this apartment building located?
    The property is located at 1901 S 1030 W Orem, UT.
    What is the asking price?
    The asking price for this property is $5,995,000.
    What are key features of this property?
    This property features: - Fully leased 12-unit townhome complex, providing immediate rental income.; - Prime location: **close proximity to UVU (4 minutes) and BYU (11 minutes)**, attracting student renters.; - Each unit features a desirable floor plan with **4 bedrooms and 4 bathrooms**, catering to group living.
    (801) 566-4010
    Request Owner's contact information
    1901 S 1030 W Orem, UT 84058
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    Orem, UT 84058
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1901 S 1030 W Orem, UT 84058
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    We can help!
    Listing Contact
    Darren Mansell
    (801) 566-4010
    Learn more
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