4-Unit Townhome-Style
For Sale
$1,095,000
1026 N 150 W, Orem, UT 84057
Each two-level residence places bedrooms and a full bath above its kitchen and living space.
Property Size4,624 SF
Price / SF$236.81
Days on Market28
Property Features for 1026 N 150 W
General Information
Standard status
Active
Size
4,624 SF
Property subtype
Quadruplex
Building Details
Building Size
4,624 SF
Year Built
1974
Listing Agency:
Selling Salt Lake
(801) 998-8568
Listed By:
Kian Torimi
(435) 200-5791
Source:
Liftrealty
Added: Sep 9
Changed: Oct 4
Last Checked: Oct 5 at 7:01PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Selling Salt Lake
Investment Insights
Based on property information with market context.
This 4,624-square-foot quadplex contains four two-story townhome-style residences, each configured with two bedrooms and 1.5 bathrooms. The upper floor holds the bedrooms and full bath; the main level has a kitchen, living area, half bath, and washer/dryer hookups. A 2022 renovation updated the roof, siding, fascia, gutters, windows, exterior lighting, HVAC, water heaters, kitchens, baths, flooring, fixtures, and window coverings. The grounds feature xeriscaping.
The property is at 1026 N 150 W in Orem, with access to State Street, 800 North, I-15, and UVU. Eight off-street parking spaces serve the four units.
Separate gas and power meters and individual water heaters are installed for each residence. All four units are occupied under staggered annual leases, with professional management in place. Tenants pay gas and electricity and reimburse water, sewer, and trash through a flat monthly charge.
The property is at 1026 N 150 W in Orem, with access to State Street, 800 North, I-15, and UVU. Eight off-street parking spaces serve the four units.
Separate gas and power meters and individual water heaters are installed for each residence. All four units are occupied under staggered annual leases, with professional management in place. Tenants pay gas and electricity and reimburse water, sewer, and trash through a flat monthly charge.
Key Highlights
- Four townhome‑style units, each with 2 bedrooms and 1.5 bathrooms
- 4,624 square feet across four two‑story residences
- 2022 renovation included new central HVAC, kitchens, baths, roof, windows, and LVP 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
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Quadplex - Each two-level residence places bedrooms and a full bath above its kitchen and living space.
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 townhome‑style units, each with 2 bedrooms and 1.5 bathrooms; 4,624 square feet across four two‑story residences; 2022 renovation included new central HVAC, kitchens, baths, roof, windows, and LVP flooring
