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$925,000 Just Listed
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Property Description
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.
Full Property Details
Full Property Details for 732 E 1500 S
General
- Price: $925,000
- Taxes: $3,746
- Status: Active
- Type: Multi-Family
- Source: WFR
- MLS ID: 2175563
- Updated: 7/30/2026
- Added to Site: 2 day(s) ago
Interior
- Flooring: Carpet, Laminate
Rooms
Bathrooms
- Total Bathrooms: 4
Bedrooms
- Total Bedrooms: 8
Parking
- Parking Features: Parking: Uncovered
Location
- Area: Pl Grove; Lindon; Orem
- County: Utah
School Information
- Elem School District: Alpine
- Midd School District: Alpine
- High School District: Alpine
- Elementary School: Centennial
- Middle School: Lakeridge
- High School: Orem
Heating & Cooling
- Heating Type: Gas: Central
Utilities
- Sewer: Sewer: Connected
- Water: Culinary
- Utility Description: Natural Gas Connected, Electricity Connected, Sewer Connected, Water Connected
Structural Information
- Architectural Style: Stories: 2
- Construction: Brick
- Exterior Const.: Brick
- Roof: Asphalt
- Square Feet: 3,444
- Living Area: 3,444 Sq. Ft.
- Current Bldg. Use: Residential
- Year Built: 1968
- Property Condition: Blt./Standing
Lot Features
- Lot Size (Acres): 0.3
- Lot Size (Sq. Ft.): 13,068
- Lot Size: .3
Financial Considerations
- Tax Amount: $3,746
- Terms: Cash, Conventional, FHA, VA Loan
Disclosures and Reports
- Property ID: 19-020-0074
Listed by Rock Canyon Real Estate LLC
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Schools
Schools serving 732 E 1500 S
School District:Alpine School District
| Name | Grades | Distance |
|---|---|---|
Centennial Elementary 450 South 400 East, Orem, UT 84097 | K-6 | 1.4 mi |
Lakeridge Jr High School 951 South 400 West, Orem, UT 84058 | 7-9 | 1.5 mi |
Orem High School 175 South 400 East, Orem, UT 84097 | 10-12 | 1.7 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 732 E 1500 S
Date
Details
Price
Change
Source
7/30/2026
Listed
$925,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 732 E 1500 S
Year
Property Taxes
Change
Tax Assessment
Change
2025
$3,746
—
$481,800
-44%
2024
$3,746
6%
$855,300
99%
2024
$3,524
9%
$430,870
1%
2023
$3,246
14%
$426,635
-22%
2021
$2,852
-8%
$550,000
40%
2022
$3,089
8%
$393,250
13%
2021
$2,852
74%
$347,800
95%
2019
$1,641
—
$177,925
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 732 E 1500 S
732 E 1500 S, Orem, UT 84097 (MLS# 2175563) is a Multi-Family property with 4 units containing 8 bedrooms and 0 full bathrooms. 732 E 1500 S is currently listed for $925,000 and was received on July 30, 2026. Want to learn more about 732 E 1500 S? Do you have questions about finding other Multi-Family real estate for sale in Orem? You can browse all Orem real estate or contact a Coldwell Banker agent to request more information.

