8-Unit Townhome Apartment
For Sale
$3,880,000
1913 S 1030 W, Orem, UT 84058
Residential, Orem, UT
Property Size16,560 SF
Lot Size0.30 Acres
Price / SF$234.30
Days on Market189
Property Features for 1913 S 1030 W
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
Single-Family
Bedrooms
32
Bathrooms
32
Full bathrooms
32
Rooms
Bedroom 10, Bathroom 3, Bedroom 17, Bedroom 30, Bathroom 4, Bathroom 1, Bedroom 15, Bedroom 19, Bathroom 32, Bedroom 32, Bedroom 6, Bathroom 23, Bedroom 24, Bathroom 21, Bathroom 22, Bedroom 9, Bedroom 25, Bedroom 29, Bathroom 18, Bedroom 4, Bedroom 11, Bedroom 13, Bathroom 25, Bathroom 26, Bathroom 30, Bathroom 27, Bathroom 9, Bedroom 3, Bathroom 15, Bedroom 31, Bathroom 16, Bathroom 17, Bathroom 13, Bedroom 22, Bedroom 20, Bathroom 11, Bedroom 1, Bedroom 14, Bedroom 8, Bathroom 20, Bedroom 18, Bedroom 23, Bathroom 14, Bathroom 2, Bathroom 28, Bathroom 6, Bedroom 5, Bedroom 27, Bedroom 28, Bedroom 21, Bathroom 7, Bedroom 16, Bathroom 8, Bathroom 24, Bathroom 19, Bedroom 12, Bathroom 31, Bedroom 7, Bedroom 2, Bathroom 12, Bedroom 26, Bathroom 29, Bathroom 10, Bathroom 5
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
Subdivision
LAKEVIEW
Lot features
Curb & Gutter, Sprinkler: Auto- Full, View: Lake, View: Mountain
View
Lake
Elementary school
Vineyard
Middle school
Lakeridge
High school
Mountain View
Elementary school district
Alpine
Middle school district
Alpine
High school district
Alpine
Standard status
Active
APN
39-300-0513
Size
16,560 SF
Lot size
0.30 Acres
Taxes and HOA fees
Tax Annual Amount
15624
HOA Fee
$265 Monthly
Utilities
Heating system
Central, Natural Gas, Forced Air
Amenities
Barbecue
Club House
Fire Pit
Picnic Area
Playground
Pool
Building Details
Year built
2019
Floors in Building
3
Number of units
8
Flooring type
Tile, Carpet, Laminate
Building materials
Brick, Stucco
Roof type
Asphalt
Architectural style
Other
Listing Agency:
Mansell Real Estate Inc
(801) 566-4010
Listed By:
Darren Mansell
(801) 598-1010
Added: Apr 1
Changed: Sep 13
Last Checked: Oct 6 at 12:06PM
MLS# 2147372
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 apartment property comprises eight townhome-style residences totaling 16,560 square feet on 0.3 acres. Built in 2019, the homes are fully leased, with each offering four bedrooms, four bathrooms, a two-car garage, a large kitchen, and a family room. Interior features include updated kitchens, walk-in closets, built-in dishwashers, Energy Star features, and carpet, laminate, and tile flooring. Brick and stucco construction, double-pane windows, sliding glass doors, central forced-air natural-gas heating, and asphalt roofing complete the reported improvements.
Located in Orem, Utah, the property is 4 minutes from UVU and 11 minutes from BYU. Each unit carries a separate tax ID, allowing the eight-unit offering to be owned together or sold individually. Community amenities include a clubhouse, pool, playground, fire pit, picnic area, barbecue area, and permitted pets. Water, sewer, insurance, maintenance, snow removal, and cable TV are paid.
Located in Orem, Utah, the property is 4 minutes from UVU and 11 minutes from BYU. Each unit carries a separate tax ID, allowing the eight-unit offering to be owned together or sold individually. Community amenities include a clubhouse, pool, playground, fire pit, picnic area, barbecue area, and permitted pets. Water, sewer, insurance, maintenance, snow removal, and cable TV are paid.
Key Highlights
- 8‑unit apartment property totaling 16,560 square feet on 0.3 acres
- Built in 2019; all units are fully leased
- Each residence offers 4 bedrooms, 4 bathrooms, and a 2‑car garage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$140,467
Cap Rate
3.62%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,809,340
$2.8M
Cap Rate 7%
$2,006,671
$2.0M
Cap Rate 9%
$1,560,744
$1.6M
Market Conditions
NOI Build-Up for 16,560 SF
Gross rent
$268.3K $16.20/SF
− Vacancy
−$12.9K −$0.78/SF
EGI
$255.4K $15.42/SF
− OpEx
−$114.9K −$6.94/SF
NOI
$140.5K $8.48/SF
Area
Utah County, UT
Vacancy
4.80%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,809,340
Cap Rate 7%
$2,006,671
Cap Rate 9%
$1,560,744
Alternative Uses
Best Use
Apartment 5plus
$2.01M
$1.76M – $2.34M
NOI $140,467 @ 7.0% cap · market cap 3.62%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.56M
$3.99M – $5.33M
NOI $319,542 @ 7.0% cap · market cap 8.24%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
8
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
88
Businesses Nearby
Explore this area
Business Placement
Demographics for 84058, UT
33,734
Population
11,749
Households
2.9
Avg Household Size
26
Median Age
41%
College-Educated
93%
High-School Grad
8.0 sq mi
ZIP Area
4,217
Density / Sq Mi
$71,474
Median Household Income
$27,325
Median Earnings
$1,395
Median Rent
$441,900
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Apartment building - Fully leased townhome residences feature four-bedroom layouts, private garages, and access to shared community amenities.
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: 8‑unit apartment property totaling 16,560 square feet on 0.3 acres; Built in 2019; all units are fully leased; Each residence offers 4 bedrooms, 4 bathrooms, and a 2‑car garage
