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7-Unit Apartment Building
New
For Sale
$1,800,000

306 E 1600 S, Orem, UT 84058

Income-producing multifamily asset near UVU, BYU, employment, shopping, dining, and I-15.

Property Size5,260 SF
Price / SF$342.21
Days on Market4

Property Features for 306 E 1600 S

General Information

Standard status Active
Size 5,260 SF
Property subtype > 4 Units

Additional Details

Highway Access Yes
Multifamily Units 7

Building Details

Building Size 5,260 SF
Year Built 1997
Listing Agency: Better Homes and Gardens Real Estate Momentum (Lehi)
Listed By: Aaron McIntire
Source: Liftrealty
Added: Sep 15 Changed: Sep 16 Last Checked: Sep 18 at 7:02AM

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 Better Homes and Gardens Real Estate Momentum (Lehi)

Investment Insights

Based on property information with market context.

This multifamily property contains 7 units within 5,260 square feet of building area. Constructed in 1997, it is configured as an apartment asset with multiple income-producing residences under one ownership.

The property is located at 306 E 1600 S in Orem, Utah. Its surrounding context includes proximity to UVU, BYU, major employment, shopping, dining, and I-15, placing the asset within a broad residential and employment-oriented area.

Key Highlights

  • 7‑unit apartment property
  • 5,260 square feet of building area
  • Built in 1997

Property Analytics

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Current Use

Apartment buildings

Suggested Use

Top Pick Parking Lot & Garage (Bike/Boat/Book/etc) Store Daycare Center Food Market HVAC Service Grocery & Convenience Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

7
Residential units
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

1,695
Businesses Nearby

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
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

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Income-producing multifamily asset near UVU, BYU, employment, shopping, dining, and I-15.
Where is this apartment building located?
The property is located at 306 E 1600 S Orem, UT.
What is the asking price?
The asking price for this property is $1,800,000.
What are key features of this property?
This property features: 7‑unit apartment property; 5,260 square feet of building area; Built in 1997
More about this property
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