Quadplex with Central A/C Installed
New
For Sale
$925,000
732 E 1500 S, Orem, UT 84097
MULTI_FAMILY - Other - Orem, UT
Property Size3,444 SF
Lot Size0.30 Acres
Price / SF$268.58
Days on Market3
Property Features for 732 E 1500 S
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Zoning
Multi-Family
Bedrooms
8
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 4, Bathroom 1, Bedroom 6, Bedroom 4, Bathroom 3, Bedroom 1, Bedroom 3, Bedroom 5, Bedroom 2, Bedroom 8, Bathroom 2, Bedroom 7
Parking features
Covered
Elementary school
Centennial
Middle school
Lakeridge
High school
Orem
Elementary school district
Alpine
Middle school district
Alpine
High school district
Alpine
Subdivision
Pl Grove; Lindon; Orem
Standard status
Active
APN
19-020-0074
Size
3,444 SF
Lot size
0.30 Acres
Taxes and HOA fees
Tax Annual Amount
3746
Utilities
Heating system
Natural Gas, Central
Building Details
Year built
1968
Floors in Building
2
Number of units
4
Flooring type
Carpet, Laminate
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 28
Changed: Jul 30
Last Checked: Jul 30 at 9:06PM
MLS# 2175563
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Investment Insights
Based on property information with market context.
This quadplex is a well-maintained, fully leased fourplex with four units. Each unit includes two bedrooms and one bathroom, plus washer and dryer hookups. The property has forced-air heating with natural gas and central A/C, with central A/C installed in 2023. Construction materials include brick, with an asphalt roof, and the property provides covered parking.
The fourplex sits on a deep 0.304-acre lot. The roof, siding, fascia, and rain gutters were completed in 2013. Unit updates include cabinets, new sinks, and dishwashers in units 732, 734, and 736, along with laminate flooring and other interior improvements across select units.
Tenants pay their own gas and electricity, while the owner pays water, sewer, and trash. Rents are month-to-month. The property is adjacent to University Place Mall and is within 10 minutes of UVU, BYU, and I-15. Square footage figures are provided as a courtesy estimate and were obtained from county records; buyers should verify independently.
The fourplex sits on a deep 0.304-acre lot. The roof, siding, fascia, and rain gutters were completed in 2013. Unit updates include cabinets, new sinks, and dishwashers in units 732, 734, and 736, along with laminate flooring and other interior improvements across select units.
Tenants pay their own gas and electricity, while the owner pays water, sewer, and trash. Rents are month-to-month. The property is adjacent to University Place Mall and is within 10 minutes of UVU, BYU, and I-15. Square footage figures are provided as a courtesy estimate and were obtained from county records; buyers should verify independently.
Key Highlights
- Central A/C installed in 2023
- Each unit offers two bedrooms and one bathroom with washer and dryer hookups
- Deep 0.304‑acre lot
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 | $47.5k | $13.80 |
| − Vacancy | −$2.1k | −$0.62 |
| EGI | $45.4k | $13.18 |
| − OpEx | −$13.6k | −$3.95 |
| NOI | $31.8k | $9.23 |
3,444 SF · lease $13.80/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$453.9K
$397.2K – $529.5K
NOI $31,772 @ 7.0% cap · market cap 3.43%
Second Best
Apartment 5plus
$417.3K
$365.2K – $486.9K
NOI $29,213 @ 7.0% cap · market cap 3.16%
Theoretical Best
Office A
$949.4K
$830.7K – $1.11M
NOI $66,455 @ 7.0% cap · market cap 7.18%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,707
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 - Fully leased fourplex with washer and dryer hookups, forced-air heating, and central A/C installed in 2023.
Where is this quadplex located?
The property is located at 732 E 1500 S Orem, UT.
What is the asking price?
The asking price for this property is $925,000.
What are key features of this property?
This property features: Central A/C installed in 2023; Each unit offers two bedrooms and one bathroom with washer and dryer hookups; Deep 0.304‑acre lot
