For sale MLS# 2189188 · 23 days on the market
$1,095,000
It starts with a call with an agent.
232 N 250 E, Orem, UT 84057
About this home
Central Orem 4-plex on a quarter acre, fully occupied with all four units month-to-month. Each unit is 2 bed / 1.5 bath with its own gas meter, power meter, water heater and air conditioning, so tenants pay their own gas and power. Three of the four units have been renovated with quartz counters, farmhouse sinks, new appliances, LVP flooring, updated lighting and paint. Recent building work includes a new furnace, a new water heater, electrical and plumbing updates and refreshed landscaping. The fourth unit has a long-term tenant at $1,300 a month and original finishes, which leaves room to add value. Current rent is $6,100 a month (easily potential to increase to $6400+). Eight off-street parking spaces. A marketing brochure and financial package are attached.
Written by the listing agent.
Location
Living in Orem
Orem is a city in Utah County in the north central part of the state, adjacent to Provo, Lindon, and Vineyard and approximately 45 miles south of Salt Lake City.
- 98,129 residents (2020)
- 1 rail station
- 3 named trails
- 30 named parks
Monthly payment
- Principal & interest
- $6,068
- Property tax
- $331
- Home insurance
- $110
10% down ($109,500), 30-year fixed at 6.25%. Tax from the MLS record; insurance is an estimate. Not a loan offer.
Details
- Style
- Stories: 2
- Lot
- 0.23 acres
- Subdivision
- NORTH VIEW
- Parking
- Parking: Uncovered
- Heating
- Forced Air, Gas: Central
- Roof
- Asphalt
See all 12 details
- Construction
- Brick, Frame
- Water
- Culinary
- Sewer
- Sewer: Connected, Sewer: Public
- County
- Utah
- Zoning
- Multi-Family
- Terms
- Cash, Conventional, FHA, VA Loan
- Double Pane Windows
- Curb & Gutter
- Fenced: Part
- Road: Paved
- Sidewalks
- Sprinkler: Auto-Part
- View: Mountain
- Mountain(s)
- Natural Gas Connected
- Electricity Connected
See all 13 features
Exterior
- Double Pane Windows
Lot features
- Curb & Gutter
- Fenced: Part
- Road: Paved
- Sidewalks
- Sprinkler: Auto-Part
- View: Mountain
View
- Mountain(s)
Utilities
- Natural Gas Connected
- Electricity Connected
- Sewer Connected
- Sewer: Public
- Water Connected
Schools
Assigned schools as reported to the MLS by the listing agent. Boundaries change; confirm enrollment with the district. · Alpine
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Listing courtesy of Selling Salt Lake / Kian Torimi. Based on information from UtahRealEstate.com as of 10/5/2026 11:22 PM. 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.