Quadplex with Townhouse-Style
New
For Sale
$945,000
720 E 1720 S, Orem, UT 84097
Well-maintained, fully leased quadplex with townhouse-style units and in-unit washer and dryer hookups.
Property Size4,000 SF
Lot Size0.27 Acres
Price / SF$236.25
Days on Market4
Property Features for 720 E 1720 S
General Information
Standard status
Active
Size
4,000 SF
Lot size
0.27 Acres
Property subtype
Quadruplex
Occupancy
100%
Additional Details
Gross Income
$66,600
Highway Access
Yes
Amenities
washer and dryer hookups
central A/C
central heating
dishwashers
Building Details
Building Size
2 SF
Year Built
1967
Buildings
1
Tenancy
Multi
Listing Agency:
Rock Canyon Real Estate LLC
(385) 309-7824
Listed By:
Joshua Spackman
(385) 309-7824
Source:
Liftrealty
Added: Jul 27
Changed: Jul 30
Last Checked: Jul 30 at 4:18PM
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 Rock Canyon Real Estate LLC
Investment Insights
Based on property information with market context.
This well-maintained, fully leased quadplex offers four townhouse-style units. Each unit features approximately 1,000 square feet with two bedrooms and 1.5 bathrooms. Units include washer and dryer hookups, central A/C, and central heating. The property has numerous updates, including A/C installation, a roof replacement in 2018, driveway asphalt replacement, updated countertops in multiple units, two units with dishwashers, new carpet in one unit, and a new tub and shower surround in another unit. Tenants pay their own gas and electricity, while the owner covers water, sewer, and trash.
The quadplex is situated on a 0.268-acre cul-de-sac lot with ample space behind the building. It is conveniently located near University Place Mall and within 10 minutes of UVU, BYU, and I-15.
Built in 1967, the property is positioned for long-term rental use with strong day-to-day practicality supported by its centralized heating and cooling and multiple unit-level improvements.
The quadplex is situated on a 0.268-acre cul-de-sac lot with ample space behind the building. It is conveniently located near University Place Mall and within 10 minutes of UVU, BYU, and I-15.
Built in 1967, the property is positioned for long-term rental use with strong day-to-day practicality supported by its centralized heating and cooling and multiple unit-level improvements.
Key Highlights
- Four townhouse‑style units, each with two bedrooms and 1.5 bathrooms
- Central A/C and central heating in each unit plus washer and dryer hookups
- Roof replaced in 2018 and driveway asphalt replaced
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $55.2k | $13.80 |
| − Vacancy | −$2.5k | −$0.62 |
| EGI | $52.7k | $13.18 |
| − OpEx | −$15.8k | −$3.95 |
| NOI | $36.9k | $9.23 |
4,000 SF · lease $13.80/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$527.2K
$461.3K – $615.0K
NOI $36,901 @ 7.0% cap · market cap 3.90%
Second Best
Apartment 5plus
$484.7K
$424.1K – $565.5K
NOI $33,929 @ 7.0% cap · market cap 3.59%
Theoretical Best
Office A
$1.10M
$964.8K – $1.29M
NOI $77,184 @ 7.0% cap · market cap 8.17%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,309
Businesses Nearby
Explore this area
Business Placement
Demographics for 84097, UT
23,038
Population
7,237
Households
3.2
Avg Household Size
30
Median Age
50%
College-Educated
98%
High-School Grad
6.0 sq mi
ZIP Area
3,840
Density / Sq Mi
$97,034
Median Household Income
$34,536
Median Earnings
$1,414
Median Rent
$506,900
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Well-maintained, fully leased quadplex with townhouse-style units and in-unit washer and dryer hookups.
Where is this quadplex located?
The property is located at 720 E 1720 S Orem, UT.
What is the asking price?
The asking price for this property is $945,000.
What are key features of this property?
This property features: Four townhouse‑style units, each with two bedrooms and 1.5 bathrooms; Central A/C and central heating in each unit plus washer and dryer hookups; Roof replaced in 2018 and driveway asphalt replaced
