Brick Duplex with RV
470 N 500 W, Orem, UT 84057
For Sale
New
$550,000
Pending
Side-by-side units have separate gas and electric meters, indoor laundry, and covered carports.
Property Size1,969 SF
Days on Market6
Property Features for 470 N 500 W
General Information
Standard status
Size
Property subtype
Site & Location
Highway Access
Road Access
Utilities to Site
Units
Multifamily Units
Individually Metered Utilities
Amenities
fireplaces
indoor laundry
covered carport
storage closet
RV garage
fully fenced yard
extra storage space
Building Details
Building Size
Year Built
Buildings
Construction
Listing Agency:
Summit Sotheby's International Realty
(801) 467-2100
Listed By:
Ryan Kirkham · License UT #5476287
(801) 450-0900
Source:
Liftrealty
Added: Nov 5
Changed: Nov 10
Last Checked: Nov 10 at 8:13AM
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 Summit Sotheby's International Realty
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Investment Insights
Based on property information with market context.
This 2,720-square-foot brick duplex was built in 1969 and is arranged as two side-by-side units. Each unit includes a fireplace, indoor laundry, a covered carport, and a storage closet. The property also has a newer roof, updated windows, a large RV garage on the south side, a fully fenced yard, and additional storage. Separate gas and electric meters serve the units.
The property is on a wide street in an established Orem neighborhood, with views of Mount Timpanogos. Timpanogos Regional Hospital, shopping, dining, and I-15 access are a short drive away.
The property is on a wide street in an established Orem neighborhood, with views of Mount Timpanogos. Timpanogos Regional Hospital, shopping, dining, and I-15 access are a short drive away.
Key Highlights
- Two side‑by‑side units in a 2,720‑square‑foot brick duplex
- Built in 1969; newer roof and updated windows
- Fireplace and indoor laundry in each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,093
Cap Rate
4.56%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$501,860
$501.9K
Cap Rate 7%
$358,471
$358.5K
Cap Rate 9%
$278,811
$278.8K
Market Conditions
NOI Build-Up for 2,720 SF
Gross rent
$37.5K $13.80/SF
− Vacancy
−$1.7K −$0.62/SF
EGI
$35.8K $13.18/SF
− OpEx
−$10.8K −$3.95/SF
NOI
$25.1K $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%
$501,860
Cap Rate 7%
$358,471
Cap Rate 9%
$278,811
Alternative Uses
Best Use
Multifamily LT 5
$358.5K
$313.7K – $418.2K
NOI $25,093 @ 7.0% cap · market cap 4.56%
Second Best
Apartment 5plus
$329.6K
$288.4K – $384.5K
NOI $23,072 @ 7.0% cap · market cap 4.19%
Theoretical Best
Office A
$749.8K
$656.1K – $874.8K
NOI $52,485 @ 7.0% cap · market cap 9.54%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,760
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
$398,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Duplexes in Utah County, UT
Properties on Market for Duplexes in Utah County
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Side-by-side units have separate gas and electric meters, indoor laundry, and covered carports.
Where is this duplex located?
The property is located at 470 N 500 W Orem, UT.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: Two side‑by‑side units in a 2,720‑square‑foot brick duplex; Built in 1969; newer roof and updated windows; Fireplace and indoor laundry in each unit
