Updated
For Sale
$719,900
512 N 100 E, Orem, UT 84057
Current renters occupy the property, with basement space expected to open for owner occupancy in August.
Property Size2,779 SF
Price / SF$259.05
Days on Market63
Property Features for 512 N 100 E
General Information
Standard status
Active
Size
2,779 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
2
Building Details
Year Built
1957
Listing Agency:
Pine Valley Realty
Listed By:
Cody Yeck
(801) 785-5013
Source:
Redsign
Added: Aug 13
Changed: Oct 9
Last Checked: Oct 6 at 12:35AM
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 Pine Valley Realty
Investment Insights
Based on property information with market context.
This duplex contains 2,779 square feet and was built in 1957, with updates completed in 2021. The property is currently occupied by renters, while the basement is expected to become available for owner occupancy in August.
Located at 512 N 100 E in Orem, Utah, the property includes on-site parking. Its two-unit configuration and existing occupancy provide a straightforward income-property profile with future owner-occupancy flexibility.
Located at 512 N 100 E in Orem, Utah, the property includes on-site parking. Its two-unit configuration and existing occupancy provide a straightforward income-property profile with future owner-occupancy flexibility.
Key Highlights
- 2,779‑square‑foot duplex
- Updated in 2021
- Built in 1957
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,637
Cap Rate
3.56%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$512,740
$512.7K
Cap Rate 7%
$366,243
$366.2K
Cap Rate 9%
$284,856
$284.9K
Market Conditions
NOI Build-Up for 2,779 SF
Gross rent
$38.4K $13.80/SF
− Vacancy
−$1.7K −$0.62/SF
EGI
$36.6K $13.18/SF
− OpEx
−$11.0K −$3.95/SF
NOI
$25.6K $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%
$512,740
Cap Rate 7%
$366,243
Cap Rate 9%
$284,856
Alternative Uses
Best Use
Multifamily LT 5
$366.2K
$320.5K – $427.3K
NOI $25,637 @ 7.0% cap · market cap 3.56%
Second Best
Apartment 5plus
$336.7K
$294.7K – $392.9K
NOI $23,572 @ 7.0% cap · market cap 3.27%
Theoretical Best
Office A
$766.1K
$670.3K – $893.7K
NOI $53,624 @ 7.0% cap · market cap 7.45%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,205
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
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Duplex - Current renters occupy the property, with basement space expected to open for owner occupancy in August.
Where is this duplex located?
The property is located at 512 N 100 E Orem, UT.
What is the asking price?
The asking price for this property is $719,900.
What are key features of this property?
This property features: 2,779‑square‑foot duplex; Updated in 2021; Built in 1957
