12-Unit Apartment
564 W 1725 S, Orem, UT 84058
For Sale
$4,220,000
Pending
Multifamily property near UVU with reported consistent tenancy.
Property Size2,015 SF
Days on Market102
Property Features for 564 W 1725 S
General Information
Standard status
Size
Property subtype
Additional Details
Multifamily Units
Building Details
Building Size
Year Built
Listing Agency:
Essential Real Estate LLC
Listed By:
Thayne D. Bailey · License UT #5475414
(801) 319-2975
Source:
Liftrealty
Added: Aug 4
Changed: Nov 12
Last Checked: Nov 12 at 7:41AM
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 Essential Real Estate LLC
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Investment Insights
Based on property information with market context.
This 12-unit apartment building in Orem contains 14,840 square feet and was constructed in 2015. The property is described as consistently rented, providing an established multifamily configuration near Utah Valley University.
Located at 564 W 1725 S, the asset is within walking distance of UVU. Showings require 48 hours’ notice.
Located at 564 W 1725 S, the asset is within walking distance of UVU. Showings require 48 hours’ notice.
Key Highlights
- 12‑unit apartment building
- 14,840 square feet of property size
- Built in 2015
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$125,878
Cap Rate
2.98%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,517,560
$2.5M
Cap Rate 7%
$1,798,257
$1.8M
Cap Rate 9%
$1,398,644
$1.4M
Market Conditions
NOI Build-Up for 14,840 SF
Gross rent
$240.4K $16.20/SF
− Vacancy
−$11.5K −$0.78/SF
EGI
$228.9K $15.42/SF
− OpEx
−$103.0K −$6.94/SF
NOI
$125.9K $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%
$2,517,560
Cap Rate 7%
$1,798,257
Cap Rate 9%
$1,398,644
Alternative Uses
Best Use
Apartment 5plus
$1.80M
$1.57M – $2.10M
NOI $125,878 @ 7.0% cap · market cap 2.98%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.09M
$3.58M – $4.77M
NOI $286,353 @ 7.0% cap · market cap 6.79%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
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Open Analytics
Lease Details
12
Residential units
Location Intelligence
Trade Area within ½ mile
439
Businesses Nearby
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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
$441,900
Median Home Value
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Market
Average Price Trend$/SF for Apartment buildings in Utah County, UT
Properties on Market for Apartment buildings in Utah County
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - Multifamily property near UVU with reported consistent tenancy.
Where is this apartment building located?
The property is located at 564 W 1725 S Orem, UT.
What is the asking price?
The asking price for this property is $4,220,000.
What are key features of this property?
This property features: 12‑unit apartment building; 14,840 square feet of property size; Built in 2015
