Leased Fourplex Townhome-Style
720 E 1720 S Orem, UT 84097
New
For Sale
$945,000
MULTI_FAMILY - Other - Orem, UT
Property Size4,000 SF
Lot Size0.27 Acres
Price / SF$236.25
Days on Market3
Property Features for 720 E 1720 S
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Zoning
Multi-Family
Bedrooms
8
Bathrooms
6
Rooms
Bedroom 5, Bedroom 3, Bedroom 6, Bathroom 1, Bedroom 1, Bedroom 7, Bathroom 6, Bathroom 2, Bedroom 2, Bathroom 3, Bedroom 4, Bathroom 5, Bedroom 8, Bathroom 4
Parking
8
Parking features
Covered
Standard status
Active
APN
37-022-0002
Size
4,000 SF
Lot size
0.27 Acres
Taxes and HOA fees
Tax Annual Amount
3906
Utilities
Heating system
Central, Natural Gas
Building Details
Year built
1967
Floors in Building
2
Number of units
4
Flooring type
Laminate, Carpet, Tile
Building materials
Brick
Roof type
Asphalt
Architectural style
Other
Listing Agency:
Rock Canyon Real Estate LLC
(801) 318-4483
Listed By:
Joshua Spackman
(385) 309-7824
Added: Jul 27
Changed: Jul 29
Last Checked: Jul 29 at 10:06PM
MLS# 2174532
Copyright © 2026 UtahRealEstate.com. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This well-maintained fourplex is fully leased and arranged as four townhouse-style units. Each unit offers approximately 2 bedrooms and 1.5 bathrooms and includes washer and dryer hookups, along with central A/C and central heating. The property has been updated with improvements including A/C installation, a roof replacement in 2018, and asphalt driveway replacement. Additional unit updates include updated countertops in multiple units, two units with dishwashers, new carpet in one unit, and a new tub and shower surround in another unit.
The property is situated on a cul-de-sac lot of approximately 0.27 acres with ample space behind the building. It is located near University Place Mall and is described as being within 10 minutes of UVU, BYU, and I-15.
Tenants pay their own gas and electricity, while the owner covers water, sewer, and trash. Current monthly rental income is stated as $5,550, with rents of $1,350, $1,300 (month-to-month), $1,450, and $1,450 (month-to-month).
The property is situated on a cul-de-sac lot of approximately 0.27 acres with ample space behind the building. It is located near University Place Mall and is described as being within 10 minutes of UVU, BYU, and I-15.
Tenants pay their own gas and electricity, while the owner covers water, sewer, and trash. Current monthly rental income is stated as $5,550, with rents of $1,350, $1,300 (month-to-month), $1,450, and $1,450 (month-to-month).
Key Highlights
- Fourplex with four townhouse‑style units, each with ~1,000 SF, 2 bedrooms, and 1.5 bathrooms
- Fully leased; current monthly rental income is $5,550 with rents of $1,350, $1,300 (month‑to‑month), $1,450, and $1,450 (month‑to‑month)
- Tenant‑paid utilities: tenants pay gas and electricity; owner pays water, sewer, and trash
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
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Quadplex - Fully leased fourplex with four townhouse-style units, each with washer/dryer hookups and central A/C and heating.
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: Fourplex with four townhouse‑style units, each with ~1,000 SF, 2 bedrooms, and 1.5 bathrooms; Fully leased; current monthly rental income is $5,550 with rents of $1,350, $1,300 (month‑to‑month), $1,450, and $1,450 (month‑to‑month); Tenant‑paid utilities: tenants pay gas and electricity; owner pays water, sewer, and trash
