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492 S 1000 W, Orem, UT 84058
492 S 1000 W, Orem, UT 84058
Type
SFR
List Price
$1.34M
Price/Sqft
$155
Est Gross Yield
1.9%
$26,064/yr est.
Exceptional 8,700 Sq. Ft. Home Near UVU with Accessory Apartment, Home Business Space & Abundant Storage: Discover the possibilities in this impressive 8,700-square-foot home in Orem, conveniently located near Utah Valley University! With generous living spaces and a versatile layout, this home offers outstanding potential for a large family, multigenerational living, working from home, or potential for rental income. The main level features a family room, living room, kitchen, office, laundry room, bathroom and a mud room. The upstairs features a spacious primary suite with a large private bathroom, plus three additional bedrooms and a large bathroom with a jacuzzi tub. Four gas fireplaces throughout the home add warmth and character, while a large upper-level loft offers even more room for relaxing, entertaining, or creating a gathering area. Flexible space for work or business: Above the garage are three additional rooms with a separate exterior entrance. This space offers excellent potential for a home office, business workspace, or other uses to suit your needs. Approved basement accessory apartment: The basement features an approved accessory apartment that can be configured as either a two- or three-bedroom unit with two bathrooms. This versatile space offers possibilities for extended family, multigenerational living, or potential rental income. Exceptional garage space and storage: The property includes a three-car garage, two additional smaller garages ideal for lawn equipment or extra storage, a double-car driveway, and ample additional parking along the side of the house. A huge cold-storage room beneath the front porch provides even more valuable storage space. Built with quality and functionality in mind, this substantial home also features a new roof installed last year. With 8,700 square feet of space, multiple living possibilities, dedicated work areas, abundant parking, and a location near UVU, this property offers a unique opportunity to create a home that fits your family's needs today and into the future.
Listed by Nathan Allen Hunter · Fair Fee Realty
492 S 1000 W, Orem, UT 84058
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Cap Rate
1.29%
Cash-on-Cash
-9.02%
Cash Flow
-$3,778/mo
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© 2026 UtahRealEstate.com. All rights reserved. Based on information from the Wasatch Front Regional Multiple Listing Service, Inc. as of 10/30/2026, 8:18:00 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.