UNDER CONTRACT
$100K PRICE DROP
1814 S Columbia Ln Orem, UT 84097
Cherry Hill NeighborhoodEstimated payment $4,648/month
Total Views
10,741
6
Beds
5
Baths
5,055
Sq Ft
$157
Price per Sq Ft
Highlights
- Updated Kitchen
- Double Pane Windows
- Landscaped
- No HOA
- Open Patio
- Forced Air Heating System
About This Home
Prime Mixed-Use Investment Opportunity in Orem! Discover this well-maintained, updated mixed-use building, ideally zoned for commercial use with two residential rental units. Built in 1986, the property has been modernized and shows beautifully, making it a perfect turnkey investment. Located in a high-traffic area, only one block from busy State Street, the property offers steady revenue streams, generating nearly $5000 per month in income. The commercial space provides flexibility for business operations, while the two residential units are currently rented, ensuring additional consistent cash flow. This is a rare opportunity to own a versatile property in a growing market.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $3,095
Year Built
- Built in 1986
Lot Details
- 6,970 Sq Ft Lot
- Landscaped
- Sprinkler System
Home Design
- Triplex
- Brick Exterior Construction
Interior Spaces
- 5,055 Sq Ft Home
- Double Pane Windows
- Blinds
- Electric Dryer Hookup
Kitchen
- Updated Kitchen
- Built-In Range
- Dishwasher
- Disposal
Bedrooms and Bathrooms
- 6 Bedrooms
- 5 Bathrooms
Parking
- 16 Open Parking Spaces
- 16 Parking Spaces
Outdoor Features
- Open Patio
Schools
- Cherry Hill Elementary School
- Lakeridge Middle School
- Orem High School
Utilities
- No Cooling
- Forced Air Heating System
- Natural Gas Connected
Community Details
- No Home Owners Association
- 3 Units
Listing and Financial Details
- Assessor Parcel Number 19-021-0062
Map
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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 |
|---|---|---|---|---|
| 2024 | $3,095 | $378,420 | $0 | $0 |
| 2023 | $3,100 | $407,455 | $0 | $0 |
| 2022 | $2,796 | $439,300 | $110,500 | $328,800 |
| 2021 | $2,924 | $393,700 | $92,500 | $301,200 |
| 2020 | $2,975 | $393,700 | $92,500 | $301,200 |
| 2019 | $2,817 | $387,800 | $85,600 | $302,200 |
| 2018 | $2,764 | $363,500 | $81,500 | $282,000 |
| 2017 | $2,456 | $247,715 | $0 | $0 |
| 2016 | $2,608 | $242,585 | $0 | $0 |
| 2015 | $2,739 | $240,990 | $0 | $0 |
| 2014 | $2,720 | $238,220 | $0 | $0 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 04/30/2025 04/30/25 | For Sale | $795,000 | 0.0% | $157 / Sq Ft |
| 04/04/2025 04/04/25 | Pending | -- | -- | -- |
| 03/19/2025 03/19/25 | Price Changed | $795,000 | -3.6% | $157 / Sq Ft |
| 03/07/2025 03/07/25 | Price Changed | $825,000 | -2.9% | $163 / Sq Ft |
| 02/14/2025 02/14/25 | Price Changed | $850,000 | -2.9% | $168 / Sq Ft |
| 11/18/2024 11/18/24 | Price Changed | $875,000 | -2.2% | $173 / Sq Ft |
| 10/23/2024 10/23/24 | For Sale | $895,000 | -- | $177 / Sq Ft |
Source: UtahRealEstate.com
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Quit Claim Deed | -- | None Available | |
| Warranty Deed | -- | Accommodation | |
| Quit Claim Deed | -- | Bartlett Title Insurance Ag | |
| Special Warranty Deed | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $109,000 | Commercial | |
| Previous Owner | $234,000 | Commercial |
Source: Public Records
Similar Homes in the area
Source: UtahRealEstate.com
MLS Number: 2030476
APN: 19-021-0062
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS. Licensor is only providing the MLS Content and not other sources of data provided in the Product.
Based on information from the Wasatch Front Regional Multiple Listing Service, Inc.. 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.
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