1531 S 450 E Orem, UT 84058
Cherry Hill NeighborhoodEstimated payment $7,616/month
Highlights
- Updated Kitchen
- No HOA
- Forced Air Heating System
- Mature Trees
- Landscaped
- West Facing Home
About This Home
WHAT YEAR IS IT?!?! 4.25% seller financing rate!!! HOLY COW!!! $400k down and balloon payment due 06/30/2027. Take advantage of this low introductory rate and get ahead on your end-game, ready to go 4-plex! Location, location, location! Step into one of the best investment opportunities Orem has to offer. This stunningly remodeled 4-plex places tenants right in the center of the action, mere minutes from the vibrant University Place shopping center and offering unparalleled convenience to both BYU and UVU campuses. This isn't your average rental property. Over the last few years, the entire building has been transformed with modern, attractive features that tenants love, including sleek quartz countertops, durable LVP flooring, and sparkling stainless steel appliances. Comfort is guaranteed with brand-new windows and a one-year-old HVAC system in all four units. For the savvy investor, this property delivers maximum value: no HOA fees, high rental income driven by its coveted position, and separate meters for streamlined management. Stop looking at overpriced, high-HOA properties; your profitable, turnkey investment is right here!
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $4,149
Year Built
- Built in 1984
Lot Details
- 0.3 Acre Lot
- West Facing Home
- Partially Fenced Property
- Landscaped
- Mature Trees
Home Design
- 4,152 Sq Ft Home
- Quadruplex
- Asphalt Roof
Kitchen
- Updated Kitchen
- Gas Oven
- Free-Standing Range
- Dishwasher
- Disposal
Bedrooms and Bathrooms
- 12 Bedrooms
- 4 Bathrooms
Laundry
- Electric Dryer Hookup
Parking
- 8 Parking Spaces
- 4 Carport Spaces
- Open Parking
Schools
- Cherry Hill Elementary School
- Lakeridge Middle School
- Mountain View High School
Utilities
- No Cooling
- Forced Air Heating System
- Natural Gas Connected
Community Details
- No Home Owners Association
- 4 Units
Listing and Financial Details
- Assessor Parcel Number 40-039-0008
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $3,852 | $521,070 | -- | -- |
| 2024 | $3,852 | $471,020 | $0 | $0 |
| 2023 | $3,548 | $466,345 | $0 | $0 |
| 2022 | $3,375 | $429,770 | $0 | $0 |
| 2021 | $3,117 | $601,100 | $161,700 | $439,400 |
| 2020 | $2,951 | $559,300 | $150,500 | $408,800 |
| 2019 | $2,640 | $520,300 | $140,000 | $380,300 |
| 2018 | $2,635 | $496,300 | $274,500 | $221,800 |
| 2017 | $2,421 | $244,200 | $0 | $0 |
| 2016 | $2,529 | $235,290 | $0 | $0 |
| 2015 | $2,478 | $217,965 | $0 | $0 |
| 2014 | -- | $208,230 | $0 | $0 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 12/23/2025 12/23/25 | For Sale | $1,399,999 | 0.0% | $337 / Sq Ft |
| 12/20/2025 12/20/25 | Pending | -- | -- | -- |
| 10/16/2025 10/16/25 | For Sale | $1,399,999 | -- | $337 / Sq Ft |
Source: UtahRealEstate.com
MLS Number: 2117810
APN: 40-039-0008
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