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232 N 250 E, Orem, UT 84057
$1,095,000
232 N 250 E, Orem, UT 84057
Units
4
Price/Unit
$273,750
Price/Sqft
$263
Est Gross Yield
5.9%
$64,560/yr est.
Property Details
Unit Mix
| Type | Count | Beds | Baths | Sqft | Rent/Mo |
|---|---|---|---|---|---|
| 2BR / 2BA | 1 | 2 | 2 | 1,040 | $1,600/mo |
| 2BR / 2BA | 1 | 2 | 2 | 1,040 | $1,300/mo |
| 2BR / 2BA | 1 | 2 | 2 | 1,040 | $1,600/mo |
| 2BR / 2BA | 1 | 2 | 2 | 1,040 | $1,600/mo |
| Total | 4 | 8 | 8 | 4,160 | $6,100/mo |
Unit mix data is reported by the seller or listing agent through the MLS and may be inaccurate or incomplete. Buyers should independently verify all information and conduct their own due diligence before making any investment decisions.
Description
Central Orem 4-plex on a quarter acre, fully occupied with all four units month-to-month. Each unit is 2 bed / 1.5 bath with its own gas meter, power meter, water heater and air conditioning, so tenants pay their own gas and power. Three of the four units have been renovated with quartz counters, farmhouse sinks, new appliances, LVP flooring, updated lighting and paint. Recent building work includes a new furnace, a new water heater, electrical and plumbing updates and refreshed landscaping. The fourth unit has a long-term tenant at $1,300 a month and original finishes, which leaves room to add value. Current rent is $6,100 a month (easily potential to increase to $6400+). Eight off-street parking spaces. A marketing brochure and financial package are attached.
Listed by Kian Torimi · Selling Salt Lake
Location
232 N 250 E, Orem, UT 84057
Proforma
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Cap Rate
3.92%
Cash-on-Cash
-2.02%
Cash Flow
-$690/mo
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Pro forma estimates are based on assumptions, not guaranteed, and should not be relied upon.
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© 2026 UtahRealEstate.com. All rights reserved. Based on information from the Wasatch Front Regional Multiple Listing Service, Inc. as of 10/7/2026, 12:09:50 AM. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or the MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Listing data provided by UtahRealEstate.com.