840 E 1550 S, Orem, UT 84097
FOR SALE
0.27 ACRES

840 E 1550 S
Orem, UT 84097

Hillcrest
  • 16 Beds
  • 12 Baths
  • 8,272 sqft (on 0.27 acres)

$1,950,000

Original price: $975,000
Est. Mortgage $10,207/mo*
Get Pre-Qualified

$1,950,000

Original price: $975,000
Est. Mortgage $10,207/mo*
Get Pre-Qualified
16 Beds
12 Baths
8,272 sqft
(on 0.27 acres)
We estimate this home will sell faster than 80% nearby.

Local Information

Map showing home location
© Google
-- mins to
Commute Destination

Description

Fantastic investment opportunity in a corridor with very strong rentability for similar units - Excellent location just minutes from UVU, Frontrunner, the University mall, etc. There are two 4-plex properties for sale, side-by-side, and the seller will only sell both together as a package to one buyer. Both roofs were fully replaced in 2024. The owner is a sweet older lady. She has not kept rents "at market" because she has felt bad raising rents or has given discounts for other reasons. Some tenants have been in the property for over 10 years. Some are related to the owner. Conservative pro-forma rents are $1,250/mo for 7 of the units, and $1,350 for the one that has been remodeled (See marketing brochure) - Total of $121,200 Gross Income Potential once all 8 units re-tenanted. All leases expire in June or July, such that the new owner will be able to reposition every unit to a market rent in a very timely fashion and should be a fairly simple process. You will see in the rent roll all the actual rents at the bottom of the MLS listings. See the attached marketing brochure which demonstrates what market rates are. There is an extra land parcel of significant size on the south part of the property currently a fenced-in grass area. This can potentially be monetized in the future through constructing undercover parking, storage. One unit was remodeled in 2023 for a family member. The rest have simply been maintained with appliances, carpet, furnaces, paint, etc, as needed. Property is sold as-is. Seller not interested in seller financing. Square footage figures are provided as a courtesy estimate only and are not guaranteed. Buyer is advised to obtain an independent measurement
We estimate this home will sell faster than 80% nearby.

Home Highlights

Parking
16 Open Spaces
Outdoor
No Info
A/C
Heating only
HOA
None
Price/Sqft
$236
Listed
23 days ago

Home Details for 840 E 1550 S

Interior Features

Beds & Baths
Number of Bedrooms: 16Number of Bathrooms: 12
Dimensions and Layout
Living Area: 8272 Square Feet
Appliances & Utilities
Utilities: Natural Gas Connected, Electricity Connected, Sewer Connected, Water ConnectedAppliances: Free-Standing RangeLaundry: Electric Dryer Hookup
Heating & Cooling
Heating: CentralNo CoolingHas HeatingHeating Fuel: Central
Fireplace & Spa
No Fireplace
Gas & Electric
Has Electric on Property
Windows, Doors, Floors & Walls
Window: NoneFlooring: Carpet, Laminate, Tile
Levels, Entrance, & Accessibility
Levels: TwoAccessibility: Accessible DoorsFloors: Carpet, Laminate, Tile
View
Has a ViewView: Mountain(s)

Exterior Features

Exterior Home Features
Roof: AsphaltFencing: PartialVegetation: Landscaping: FullOther Structures: Storage Shed(s)Exterior: Entry (Foyer)No Private Pool
Parking & Garage
Open Parking Spaces: 16No CarportNo GarageNo Attached GarageHas Open ParkingParking Spaces: 16Parking: Open
Frontage
Road Surface Type: PavedNot on Waterfront
Surface & Elevation
Topography: Terrain

Days on Market

Days on Market: 23

Property Information

Year Built
Year Built: 1968Year Renovated: 1968
Property Type / Style
Property Type: Residential IncomeProperty Subtype: Quadruplex
Building
Construction Materials: Cedar, StuccoNot a New ConstructionAttached To Another StructureDoes Not Include Home Warranty
Property Information
Condition: Blt./StandingNot Included in Sale: Dryer, Microwave, WasherIncluded in Sale: Refrigerator, Storage Shed(s)Parcel Number: 190030093

Price & Status

Price
List Price: $1,950,000Price Per Sqft: $236

Active Status

MLS Status: Active

Location

Direction & Address
City: Orem
School Information
Elementary School: HillcrestElementary School District: AlpineJr High / Middle School: LakeridgeJr High / Middle School District: AlpineHigh School: Mountain ViewHigh School District: Alpine

Agent Information

Listing Agent
Listing ID: 2150457

Building

Building Area
Building Area: 8272 Square Feet

Community

Community Features: SidewalksNot Senior Community

HOA

No HOA

Lot Information

Lot Area: 0.27 acres

Documents

Disclaimer: Information not guaranteed. Buyer to verify all information.

Miscellaneous

Mls Number: 2150457

Additional Information

SidewalksSource Internet Entire Listing Display
Last check for updates: about 6 hours ago
Listing courtesy of Kevin Ford, (801) 473-6519
Core Utah Real Estate
Aaron G Cook, (801) 787-7255
Core Utah Real Estate
Source: UtahRealEstate.com, MLS#2150457
Also Listed on UtahRealEstate.com.

Price History for 840 E 1550 S

DatePriceEventSource
04/21/2026$1,950,000PriceChange
UtahRealEstate.com #2150457
04/15/2026$975,000Listed For SaleUtahRealEstate.com #2150457

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Property Tax and Assessment

Year2024
Tax$3,716
Assessment$826,200
Home facts updated by county records

Comparable Sales for 840 E 1550 S

Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
2241 N 1060 W, Provo, UT
0.32
Multi-Family Home
-
05/01/26
6
4
3,232
241 E 2200 N, Provo, UT
1.13
Multi-Family Home
-
08/27/25
4
2
2,784

Assigned Schools

These are the assigned schools for 840 E 1550 S.
View nearby schools on GreatSchools
The GreatSchools Rating compares schools on a variety of school quality indicators including test scores, college readiness, equity and more. Learn more.

Neighborhood Overview

Hillcrest
See Local Highlights
Neighborhood stats provided by third party data sources.

What Locals Say about Hillcrest

At least 21 Trulia users voted on each feature.

  • 93 % Say it's dog friendly

  • 90 % Say there are sidewalks

  • 85 % Say car is needed

  • 79 % Say kids play outside

  • 78 % Say it's walkable to restaurants

  • 77 % Say parking is easy

  • 67 % Say there's holiday spirit

  • 63 % Say people would walk alone at night

  • 61 % Say yards are well-kept

  • 50 % Say it's walkable to grocery stores

  • 48 % Say it's quiet

  • 46 % Say neighbors are friendly

  • 42 % Say streets are well-lit

  • 33 % Say there are community events

  • 29 % Say there's wildlife

  • 21 % Say they plan to stay for at least 5 years

Learn more about our methodology.
  • Danmomen
    "It’s so close to everything here in Orem. Love being able to walk to the mall, movies and restaurants. "
    1
    Flag
  • Mel R
    "Short but crowded and traffic is thick at certain times of day. I don’t like the traffic but it is convenient to freeway access. Stores are easily accessible and the mall is close. Many restaurants really nearby so many to choose from. Great place for kids too!"
    0
    Flag
  • Danmomen
    "It’s a culesac. Nice neighborhood. Walking distance to the mall and Costco. They will be building the new Hale center theater here soon. Wish I had a million dollars. "
    1
    Flag
  • R45acp
    "Great easy access to everything sometimes the traffic is a pain but bearable. I don’t have to drive that much be everywhere I go is easily accessible the only Problem is State Street gets so jampacked at the time everyone gets off work that sometimes you have to sit through like three and four times to get through."
    1
    Flag
  • Jessica L.
    "Good neighborhood. Family oriented. Mostly Mormon just an FYI. It’s safe though and close knit. It’s also close to all the shopping you need"
    0
    Flag
  • Kennard K.
    "Sought after Lynwood Park neighborhood, safe, enclosed. With community pool and tennis court, HOA. Close to major retailers, hospitals, entertainment, parks, recreation, and transportation. Great schools, and two major universities. Low crime rate, many community services available."
    2
    Flag

LGBTQ Local Legal Protections

Kevin Ford, Core Utah Real Estate
Agent Phone: (801) 473-6519
Based on information from UtahRealEstate.com as of 2026-03-26 15:41:24 PDT. 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.Click here for more information
840 E 1550 S, Orem, UT 84097 is a 16 bedroom, 12 bathroom, 8,272 sqft multi-family built in 1968. 840 E 1550 S is located in Hillcrest, Orem. This property is currently available for sale and was listed by UtahRealEstate.com on Apr 14, 2026. The MLS # for this home is MLS# 2150457.