Well-maintained, fully leased fourplex in a highly desirable Orem rental location. Each of the four units offers 861 square feet with 2 bedrooms and 1 bathroom, including washer and dryer hookups. All units have central A/C (installed in 2023) and forced-air heating. The property has numerous capital improvements, including a new roof, siding, fascia, and rain gutters completed in 2013. Units 732, 734, and 736 were updated with cabinets, new sinks, and dishwashers, while several units also feature laminate flooring and other interior improvements. Situated on a deep 0.304-acre lot, the property offers additional outdoor space and long-term potential. Current monthly rental income is $4,850, with rents of $1,250, $1,250, $1,250, and $1,100 (month-to-month). Tenants pay their own gas and electricity, while the owner pays water, sewer, and trash. Ideally located adjacent to University Place Mall and within 10 minutes of UVU, BYU, and I-15, this property provides stable in-place income in one of Orem's strongest rental markets. Square footage figures are provided as a courtesy estimate only and were obtained from the county records. Buyer is advised to obtain an independent measurement.
For sale
$925,000
732 E 1500 S, Orem, UT 84097
8beds
4baths
3,444sqft
Quadruplex
Built in 1968
-- sqft lot
$880,500 Zestimate®
$269/sqft
$-- HOA
What's special
Additional outdoor spaceForced-air heatingWasher and dryer hookups
- 66 days
- 170
- 17
Zillow last checked:
Listing updated:
Listed by:
Joshua Spackman 385-309-7824,
Rock Canyon Real Estate LLC
Source: UtahRealEstate.com,MLS#: 2175563
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 4
Heating
- Central
Features
- Flooring: Carpet, Laminate
- Has fireplace: No
Interior area
- Total structure area: 3,444
- Total interior livable area: 3,444 sqft
Property
Parking
- Parking features: Open
- Has uncovered spaces: Yes
Features
- Levels: Two
Lot
- Size: 0.3 Acres
Details
- Parcel number: 190200074
- Zoning description: Multi-Family
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Quadruplex
- Attached to another structure: Yes
Materials
- Brick
- Roof: Asphalt
Condition
- Blt./Standing
- New construction: No
- Year built: 1968
Utilities & green energy
- Water: Culinary
- Utilities for property: Natural Gas Connected, Electricity Connected, Sewer Connected, Water Connected
Community & HOA
HOA
- Has HOA: No
Location
- Region: Orem
Financial & listing details
- Price per square foot: $269/sqft
- Tax assessed value: $855,300
- Annual tax amount: $3,746
- Date on market: 7/28/2026
- Listing terms: Cash,Conventional,FHA,VA Loan
- Acres allowed for irrigation: 0
- Electric utility on property: Yes
Estimated market value
$880,500
$836,000 - $925,000
$1,379/mo
Price history
| Date | Event | Price |
|---|---|---|
| 7/30/2026 | Listed for sale | $925,000+2.9%$269/sqft |
Source: | ||
| 12/27/2022 | Sold | -- |
Source: Agent Provided Report a problem | ||
| 12/7/2022 | Pending sale | $899,000$261/sqft |
Source: | ||
| 11/17/2022 | Listed for sale | $899,000$261/sqft |
Source: | ||
| 11/9/2022 | Pending sale | $899,000$261/sqft |
Source: | ||
| 11/7/2022 | Listed for sale | $899,000+136.6%$261/sqft |
Source: | ||
| 5/29/2013 | Sold | -- |
Source: Agent Provided Report a problem | ||
| 12/8/2012 | Listed for sale | $379,900$110/sqft |
Source: Osmond Real Estate, Inc. #1133614 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $3,746 +6.3% | $855,300 +9.2% |
| 2024 | $3,524 +8.5% | $783,400 +1% |
| 2023 | $3,246 +5.1% | $775,700 +8.5% |
| 2022 | $3,089 +8.3% | $715,000 +136.4% |
| 2021 | $2,852 +55.4% | $302,500 -13% |
| 2020 | $1,835 +11.8% | $347,800 +95.5% |
| 2019 | $1,641 -19.4% | $177,925 -58.2% |
| 2018 | $2,037 -10.3% | $425,900 +107.3% |
| 2017 | $2,270 | $205,480 -2.7% |
| 2016 | $2,270 +19.1% | $211,200 +10% |
| 2015 | $1,907 | $192,005 +15% |
| 2014 | $1,907 | $166,980 +15% |
| 2013 | -- | $145,200 +12.1% |
| 2012 | -- | $129,470 -5.8% |
| 2009 | -- | $137,500 -21.9% |
| 2008 | -- | $176,000 -5.9% |
| 2007 | -- | $187,000 +68.9% |
| 2006 | -- | $110,715 +5% |
| 2005 | -- | $105,432 |
| 2003 | -- | $105,432 -43.6% |
| 2001 | $1,068 +6.5% | $186,801 +100.4% |
| 2000 | $1,002 | $93,211 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: Hillcrest
Nearby schools
Schools provided by the listing agent
- Elementary: Centennial
- Middle: Lakeridge
- High: Orem
- District: Alpine
Source: UtahRealEstate.com. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.






