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    Orem Multifamily Townhomes For Sale Title is generated by Realmo AI

    1913 S 1030 W, Orem, UT 84058

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    For Sale
    $3,880,000

    MULTI_FAMILY - Other - Orem, UT

    Property size:
    16,560 SF
    Lot size:
    0.30 Acres
    Price / SF:
    $234/SF
    Added:
    Apr 1, 2026
    Days on Market:
    46
    Last Refresh:
    May 16 at 7:06 am

    Property Features for 1913 S 1030 W

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Zoning
    Single-Family
    Bedrooms
    32
    Bathrooms
    32
    Rooms
    Bedroom 11, Bathroom 28, Bedroom 20, Bedroom 9, Bedroom 15, Bathroom 2, Bathroom 15, Bathroom 20, Bathroom 9, Bathroom 13, Bedroom 23, Bathroom 14, Bedroom 19, Bedroom 30, Bathroom 24, Bathroom 10, Bathroom 26, Bedroom 27, Bathroom 18, Bedroom 29, Bathroom 4, Bedroom 10, Bedroom 25, Bedroom 26, Bathroom 30, Bedroom 7, Bedroom 12, Bedroom 6, Bathroom 19, Bathroom 5, Bathroom 16, Bedroom 21, Bathroom 1, Bathroom 23, Bathroom 25, Bathroom 11, Bedroom 13, Bathroom 32, Bedroom 1, Bedroom 16, Bedroom 22, Bedroom 8, Bathroom 8, Bathroom 7, Bathroom 6, Bedroom 28, Bedroom 5, Bathroom 3, Bedroom 4, Bedroom 18, Bathroom 27, Bathroom 12, Bedroom 3, Bedroom 17, Bedroom 24, Bedroom 31, Bedroom 14, Bedroom 32, Bathroom 21, Bathroom 22, Bedroom 2, Bathroom 17, Bathroom 29, Bathroom 31
    Parking
    16
    Interior features
    Bath: Primary, Closet: Walk-In, Kitchen: Updated, Dishwasher: Built-In, Energy Star
    Exterior features
    Double Pane Windows, Lighting, Sliding Glass Doors
    Standard status
    Active
    APN
    39-300-0513
    Size
    16,560 SF
    Lot size
    0.30 Acres

    Taxes and HOA fees

    Tax Annual Amount
    15624

    Utilities

    Heating system
    Forced Air, Natural Gas, Central

    Building Details

    Year built
    2019
    Floors in Building
    3
    Number of units
    8
    Flooring type
    Tile, Laminate, Carpet
    Building materials
    Brick, Stucco
    Roof type
    Asphalt
    Architectural style
    Other

    We can help!

    Listing Contact
    Darren Mansell

    Listing agent Darren Mansell

    Listing office Mansell Real Estate Inc 7525 S Union Park Avenue, Cottonwood Heights, UT

    Listing date Apr 1, 2026

    MLS# 2147372 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.

    HighLights

    • Fully leased 8‑unit townhome complex, providing immediate rental income.
    • Prime location: close proximity to UVU (4 minutes) and BYU (11 minutes).
    • Each unit features 4 bedrooms and 4 bathrooms, ideal for student or family housing.
    • Each unit includes a 2‑car garage, a desirable amenity for tenants.
    • Individual tax IDs for each unit allow for flexible ownership and potential individual sales.
    • HOA covers numerous amenities and services: barbecue, cable TV, clubhouse, fire pit, insurance, maintenance, pets permitted, picnic area, playground, pool, sewer, and snow removal.

    Overview

    This offering features eight multi-family townhomes, fully leased and located approximately 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 is zoned for single-family use and has a lot size of 0.3 acres. The total property size is 16,560 square feet. The HOA provides barbecue areas, cable TV, a clubhouse, fire pit, insurance, maintenance, allows pets, picnic area, playground, pool, sewer, and snow removal and water. The units have been leased since they were newly built, and each has a separate tax ID, allowing for individual sale if desired. The property is located in Orem, UT.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Law Firm Real Estate Agency Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Gym & Fitness Center Building Supply Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Orem
    County
    Utah
    State
    Utah
    Longitude
    -111.717655
    Latitude
    40.262075

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    FAQs

    What type of property is this?
    Apartment building - Eight fully leased townhomes near UVU and BYU.
    Where is this apartment building located?
    The property is located at 1913 S 1030 W Orem, UT.
    What is the asking price?
    The asking price for this property is $3,880,000.
    What are key features of this property?
    This property features: Fully leased 8‑unit townhome complex, providing immediate rental income.; Prime location: close proximity to UVU (4 minutes) and BYU (11 minutes).; Each unit features 4 bedrooms and 4 bathrooms, ideal for student or family housing.
    (801) 598-1010
    We can help!
    Listing Contact
    Darren Mansell
    Learn More
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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.

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