2-Unit Brick
482 N 500 W, Orem, UT 84057
For Sale
New
$525,000
Pending
Side-by-side residences have individual laundry hookups and off-street parking.
Property Size1,972 SF
Days on Market6
Property Features for 482 N 500 W
General Information
Standard status
Size
Property subtype
Additional Details
Highway Access
Multifamily Units
Amenities
separate laundry hookups
off-street parking
Building Details
Building Size
Year Built
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 8:33AM
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 1,696-square-foot brick duplex, built in 1972, is arranged as two side-by-side units. Improvements include vinyl windows, a roof, and furnaces described as newer. Each residence has separate laundry hookups and off-street parking.
The property is in Orem, minutes from Timpanogos Regional Hospital, shopping, dining, and I-15. Its residential setting is also described as having wide streets.
The property is in Orem, minutes from Timpanogos Regional Hospital, shopping, dining, and I-15. Its residential setting is also described as having wide streets.
Key Highlights
- Two side‑by‑side units in a 1,696‑square‑foot brick duplex
- Newer vinyl windows, roof, and furnaces
- Separate laundry hookups and off‑street parking for each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,646
Cap Rate
2.98%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$312,920
$312.9K
Cap Rate 7%
$223,514
$223.5K
Cap Rate 9%
$173,844
$173.8K
Market Conditions
NOI Build-Up for 1,696 SF
Gross rent
$23.4K $13.80/SF
− Vacancy
−$1.1K −$0.62/SF
EGI
$22.4K $13.18/SF
− OpEx
−$6.7K −$3.95/SF
NOI
$15.6K $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%
$312,920
Cap Rate 7%
$223,514
Cap Rate 9%
$173,844
Alternative Uses
Best Use
Multifamily LT 5
$223.5K
$195.6K – $260.8K
NOI $15,646 @ 7.0% cap · market cap 2.98%
Second Best
Apartment 5plus
$205.5K
$179.8K – $239.8K
NOI $14,386 @ 7.0% cap · market cap 2.74%
Theoretical Best
Office A
$467.5K
$409.1K – $545.4K
NOI $32,726 @ 7.0% cap · market cap 6.23%
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
Location Intelligence
Trade Area within ½ mile
1,750
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 residences have individual laundry hookups and off-street parking.
Where is this duplex located?
The property is located at 482 N 500 W Orem, UT.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: Two side‑by‑side units in a 1,696‑square‑foot brick duplex; Newer vinyl windows, roof, and furnaces; Separate laundry hookups and off‑street parking for each unit
