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Explore Similar Apartments Within 2 Miles of Salem, UT

  • /16

    $549,999

    • 6 Beds
    • 3 Baths
    • 2,250 Sq Ft

    123 N 800 St E, Payson, UT 84651

    Charming 6-Bedroom Duplex in Prime Payson Location Strong Investment Opportunity! This well-located duplex offers two spacious 3-bedroom, 1-bathroom units, making it an excellent investment in a rapidly growing area of Payson. With solid rental income potential, this property is a great choice for both seasoned investors and those looking to get started in real estate. Updated Upstairs Unit:

    Manuel Munoz ERA Brokers Consolidated (Utah County)

    123 N 800 St E, Payson, UT 84651
  • /22

    $1,350,000

    • 12 Beds
    • 6 Baths
    • 4,500 Sq Ft

    275 N 100 St W Unit 1-6, Spanish Fork, UT 84660

    Fully occupied 6-plex in the heart of Spanish Fork! 6 2-bedroom units that each have their own designated carport stall and storage shed. 2 of the units have a washer and dryer included in the sale, all of the other units have washer and dryer hookups available to use. All 6 AC units replaced about 3 years ago. Vertical walls between units are block/concrete. Full brick structure.

    Michael Watson Equity Real Estate (Results)

    275 N 100 St W Unit 1-6, Spanish Fork, UT 84660
  • /15

    $920,000

    • 8 Beds
    • 8 Baths
    • 4,432 Sq Ft

    361 W 625 N Unit A-D, Payson, UT 84651

    Discover a fantastic opportunity to add a high-performing multi-family asset to your investment portfolio. This well-maintained 4-plex in Payson offers strong rental income potential and a desirable location just minutes from I-15, shopping, entertainment and outdoor recreation. Each unit is a spacious 2-bedroom, 2-bath configuration, providing a perfect blend of comfort and value for tenants.

    Lisa Howells Redfox Real Estate Group

    361 W 625 N Unit A-D, Payson, UT 84651
  • /11

    $600,000

    • 4 Beds
    • 2 Baths
    • 754 Sq Ft

    115 N 300 E, Payson, UT 84651

    TWO HOMES ONE LOT! This unique property features two separate homes on one parcel, both currently rented and generating steady income. Each home offers updated HVAC systems, along with recent upgrades to flooring, bathroom. A rare find at a great price in a great area-perfect for investors or house hackers looking to build wealth from day one. Square footage figures are provided as a courtesy

    Ashley Heseltine The Agency Salt Lake City

    115 N 300 E, Payson, UT 84651
  • /33

    $550,000

    • 6 Beds
    • 2 Baths
    • 3,160 Sq Ft

    197 E Utah Ave, Payson, UT 84651

    Amazing opportunity with dual zoning. Legal non conforming duplex and commercial zoning. Tenant occupied call agent for showings, only showing once a week or with offer presented. Owner pays utilities roughly $300 max $400 a month. Leases are yearly upstairs and basement is month to month. Great duplex well maintained. New roof in 2022. Only one furnace and AC unit. Basement tenant has been

    Carl Spencer KW WESTFIELD

    197 E Utah Ave, Payson, UT 84651
  • /18

    $925,000

    • 8 Beds
    • 8 Baths
    • 4,432 Sq Ft

    383 W 625 N Unit A-D, Payson, UT 84651

    Great Investment Property-CASH FLOW!! Rent all four units or owner occupy and still have 3 rentals. $67,000 gross rents! units are just a few years old so everything is in great condition. MAXXPM manages a lot of the rentals or you can manage yourself. Rental A is ADA compliant. *****UVU will be building a campus in Payson about 1/2 mile away*****

    Hillaree Wright The Wright Team Real Estate Professionals

    383 W 625 N Unit A-D, Payson, UT 84651
  • /50

    $2,149,999

    • 32 Beds
    • 22 Baths
    • 10,000 Sq Ft

    160 W 800 S, Payson, UT 84651

    HUGE PRICE DROP!!! Bring all offers. $20,000 in monthly rental income!!!! 10 unit Trailer park and 12 unit apartment complex, includes 7 mobile homes (all VIN numbers and records are ready to go to make the transition smooth) with room for 3 more! The listing comes with Tax ID 08:118:0021. Apartment complex is 12 studio apartments that was an old motel conversion. Coin operated laundry room

    Kyle Kelley C-21 Bushnell

    160 W 800 S, Payson, UT 84651
  • /35

    $600,000

    • 6 Beds
    • 5 Baths
    • 3,988 Sq Ft

    390 E Center St, Spanish Fork, UT 84660

    Nestled along the picturesque Center Street, this historic tri-plex, built in 1913, stands as a beacon of architectural charm and investment potential. Whether you're an astute investor seeking a lucrative opportunity or a homeowner envisioning a beautiful abode with additional rental income, this property offers both. Step inside to discover a rich tapestry of history intertwined with modern

    Dave Maltby Summit Sotheby's International Realty

    390 E Center St, Spanish Fork, UT 84660

Why Live in Salem

Salem, Utah, often referred to as "Pond Town," is a small city known for its scenic beauty and strong community spirit. The city has grown significantly over the past two decades, with a population now around 10,000. Residents enjoy outdoor activities at Salem Pond, including paddleboarding and fishing, with picturesque views of Mount Loafer. The city features a mix of brand-new subdivisions with spacious homes and a few historic brick houses. Salem Hills High School, part of the Nebo School District, is highly rated and offers a diverse range of electives and Career Technical Education opportunities. Local dining options include long-standing establishments like Stan’s Drive-in and Soda Retreat, as well as various fast-food chains and local eateries along Utah State Route 198. For shopping, residents frequent Stokes Market and Ace Hardware, with additional amenities available in nearby Spanish Fork and Provo, both just 8 miles away. Annual events such as the Salem Days festival and the Pond Town Christmas Boutique foster a sense of community. Recreational activities abound, from kayaking on Salem Pond to exploring Utah Lake and its state park. While largely car-dependent, Salem is connected to Provo and beyond via UTA buses and the FrontRunner train. Provo Airport, 15 miles away, provides direct flights to several U.S. cities. For healthcare, residents rely on Mountain View Hospital in nearby Payson. The city also has historical significance with "The Dream Mine," an ore-processing mill with a storied past.

Home Trends in Salem, UT

Housing Trends

Median Sale Price
$552,000
Median Single Family Sale Price
$699,990
Median Townhouse Sale Price
$405,990
Average Price Per Sq Ft
$221
Number of Homes for Sale
244
Last 12 months Home Sales
190
Months of Supply
15.40
Median List Price
$612,445
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
-20%
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