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 Market35
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 4, Bedroom 6, Bathroom 5, Bathroom 6, Bathroom 1, Bedroom 3, Bathroom 2, Bedroom 1, Bedroom 4, Bedroom 2, Bedroom 5, Bedroom 8, Bedroom 7, Bathroom 3
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
Central, Natural Gas, Forced Air
Amenities
low-maintenance xeriscape
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 12
Last Checked: Oct 13 at 4:06AM
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.
This 4,624-square-foot quadplex on a 0.25-acre lot contains four two-story, townhome-style residences. Each unit offers two bedrooms and 1.5 bathrooms, with the bedrooms and full bath upstairs and the kitchen, living area, half bath, and washer/dryer hookups on the main floor. The 2022 renovation included a roof, siding, fascia, gutters, double-pane windows, exterior lighting, central HVAC, water heaters, updated kitchens and baths, LVP flooring, fixtures, and window coverings. Xeriscaping completes the exterior improvements.
All four residences are occupied under staggered annual leases, with professional management in place. Gas and electricity are separately metered, and each unit has its own water heater. The property is zoned Multi-Family and includes off-street parking for eight vehicles. State Street, 800 North, I-15, and UVU are minutes away.
All four residences are occupied under staggered annual leases, with professional management in place. Gas and electricity are separately metered, and each unit has its own water heater. The property is zoned Multi-Family and includes off-street parking for eight vehicles. State Street, 800 North, I-15, and UVU are minutes away.
Key Highlights
- Four two‑bedroom, 1.5‑bath units in a two‑story townhome‑style layout
- 4,624 square feet on 0.25 acres; Multi‑Family zoning
- 2022 renovation included new roof, siding, windows, central HVAC, water heaters, kitchens, baths, 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.
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Property Analytics
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Current Use
Lease Details
4
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Yes
Utilities to site
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Each residence has separate gas and electric meters, and residents cover those utilities.
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‑bedroom, 1.5‑bath units in a two‑story townhome‑style layout; 4,624 square feet on 0.25 acres; Multi‑Family zoning; 2022 renovation included new roof, siding, windows, central HVAC, water heaters, kitchens, baths, and LVP flooring
