Updated Mobile
For Sale
$79,900
597 N State St E #31, Orem, UT 84057
Two-bedroom residence with refreshed interiors and seasonal recreational amenities.
Property Size672 SF
Price / SF$118.90
Days on Market76
Property Features for 597 N State St E #31
General Information
Standard status
Active
Size
672 SF
Property subtype
Land
Additional Details
Multifamily Units
1
Amenities
seasonal pool
kids' play area
Building Details
Year Built
1975
Listing Agency:
Ameritrue Real Estate & Management Pllc
Listed By:
Midway Utah Real Estate Team
(435) 640-7231
Source:
Midwayutahrealestate
Added: Jul 30
Changed: Sep 14
Last Checked: Sep 14 at 8:11AM
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 Ameritrue Real Estate & Management Pllc
Investment Insights
Based on property information with market context.
This 672-square-foot mobile home offers a two-bedroom, one-bath layout with an open living and dining arrangement. Interior improvements include new flooring, updated windows, fresh paint, and a renovated kitchen equipped with a range hood. Built in 1975, the home has been updated for contemporary use while retaining a compact residential footprint.
The property is located at 597 N State St E #31 in Orem, Utah. On-site recreational features include a seasonal pool and a children’s play area. The property is offered for sale and is identified within a mobile home and RV park classification.
The property is located at 597 N State St E #31 in Orem, Utah. On-site recreational features include a seasonal pool and a children’s play area. The property is offered for sale and is identified within a mobile home and RV park classification.
Key Highlights
- 672 SF mobile home with 2 bedrooms and 1 bathroom
- Updated flooring, windows, paint, and kitchen
- Kitchen includes an updated range hood
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$5,700
Cap Rate
7.13%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$114,000
$114.0K
Cap Rate 7%
$81,429
$81.4K
Cap Rate 9%
$63,333
$63.3K
Market Conditions
NOI Build-Up for 672 SF
Gross rent
$10.9K $16.20/SF
− Vacancy
−$523 −$0.78/SF
EGI
$10.4K $15.42/SF
− OpEx
−$4.7K −$6.94/SF
NOI
$5.7K $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%
$114,000
Cap Rate 7%
$81,429
Cap Rate 9%
$63,333
Alternative Uses
Best Use
Apartment 5plus
$81.4K
$71.3K – $95.0K
NOI $5,700 @ 7.0% cap · market cap 7.13%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$185.2K
$162.1K – $216.1K
NOI $12,967 @ 7.0% cap · market cap 16.23%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
1,723
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?
Mobile home & RV park - Two-bedroom residence with refreshed interiors and seasonal recreational amenities.
Where is this mobile home & rv park located?
The property is located at 597 N State St E #31 Orem, UT.
What is the asking price?
The asking price for this property is $79,900.
What are key features of this property?
This property features: 672 SF mobile home with 2 bedrooms and 1 bathroom; Updated flooring, windows, paint, and kitchen; Kitchen includes an updated range hood
