Fourplex with Covered
1171 S 100 East Orem, UT 84058
1171 S 100 East, Orem, UT, 84058
$929,900
For Sale
$929,900
Well-maintained fourplex with four updated 2-bedroom units, each offering in-unit laundry and dedicated parking.
Property Size3,324 SF
Price / SF$279.75
Days on Market93
Property Features for 1171 S 100 East
General Information
- Standard status
- Active
- Size
- 3,324 SF
- Property subtype
- Multi-Family
Building Details
- Year Built
- 1969
Listing agency
Real Broker, LLC (Heber City)
(435) 571-1175
Listed by
Jason Wilcock
Source
Xome
Added: Apr 21 Updated: Jul 21 at 3:22PM Checked: Jul 21 at 3:22PM
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 Real Broker, LLC (Heber City)
Investment Insights
Based on property information with market context.
This well-maintained fourplex includes four spacious 2-bedroom, 1-bath units. Each unit features in-unit laundry, a full kitchen, and radiant heat, along with refreshed interior finishes such as updated flooring, cabinets, and countertops. Residents also have dedicated parking with one open space and one covered carport per unit.
The property includes outdoor space with low-maintenance turf grass in the front and a side grassy area. It is located near UVU and BYU, within walking distance to University Mall, and close to shopping and dining.
As a residential income property, the building presents a consistent unit layout across all four apartments, with practical amenities designed for day-to-day comfort.
The property includes outdoor space with low-maintenance turf grass in the front and a side grassy area. It is located near UVU and BYU, within walking distance to University Mall, and close to shopping and dining.
As a residential income property, the building presents a consistent unit layout across all four apartments, with practical amenities designed for day-to-day comfort.
Key Highlights
- Well‑maintained 4‑plex built in 1969 with four 2‑bedroom, 1‑bath units
- Each unit includes in‑unit laundry, a full kitchen, and radiant heat
- Units feature refreshed interiors with updated flooring, cabinets, and countertops; vinyl flooring listed
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $45.9k | $13.80 |
| − Vacancy | −$2.1k | −$0.62 |
| EGI | $43.8k | $13.18 |
| − OpEx | −$13.1k | −$3.95 |
| NOI | $30.7k | $9.23 |
3,324 SF · lease $13.80/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$438.1K
$383.3K – $511.1K
NOI $30,665 @ 7.0% cap · market cap 3.30%
Second Best
Apartment 5plus
$402.8K
$352.4K – $469.9K
NOI $28,195 @ 7.0% cap · market cap 3.03%
Theoretical Best
Office A
$916.3K
$801.8K – $1.07M
NOI $64,140 @ 7.0% cap · market cap 6.90%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Quadplexes
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FAQs
What type of property is this?
Quadplex - Well-maintained fourplex with four updated 2-bedroom units, each offering in-unit laundry and dedicated parking.
Where is this quadplex located?
The property is located at 1171 S 100 East Orem, UT.
What is the asking price?
The asking price for this property is $929,900.
What are key features of this property?
This property features: Well‑maintained 4‑plex built in 1969 with four 2‑bedroom, 1‑bath units; Each unit includes in‑unit laundry, a full kitchen, and radiant heat; Units feature refreshed interiors with updated flooring, cabinets, and countertops; vinyl flooring listed
