Student Apartment Building
1130 S Cedar Knolls Cedar City, UT 84720
For Sale
$6,900,000
COMMERCIAL - Cedar City, UT
Property Size33,264 SF
Lot Size1.73 Acres
Price / SF$207.43
Days on Market344
Property Features for 1130 S Cedar Knolls
General Information
Property type
Commercial Sale
Property subtype
Other
Standard status
Active
APN
B-1135-0028-0002
Size
33,264 SF
Lot size
1.73 Acres
Taxes and HOA fees
Tax Annual Amount
12750
Building Details
Year built
2018
Floors in Building
3
Listing Agency:
Stratum Real Estate Group So Branch
(435) 586-4874
Listed By:
Jesse Guy Carter · License #8651453
(435) 590-0798
Added: Aug 20, 2025
Changed: Jul 14
Last Checked: Jul 29 at 3:06PM
MLS# 25-264210
Copyright © 2026 Washington County Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This student apartment building complex includes two separate 12-plex buildings, each constructed as a three-story property. The offering totals 24 units with 96 bedrooms in all. Each apartment floor plan is configured as a 4-bedroom, 2.5-bath layout with its own kitchen, living/dining area, and laundry.
The buildings were newly built in 2018 and are described as being in great shape. The property is located about 1 mile from SUU campus and includes ample on-site parking with 125 parking stalls.
The information provided also notes that the landlord is currently paying all utilities and that private bedrooms have been receiving approximately $550 per month in the student rental setup.
The buildings were newly built in 2018 and are described as being in great shape. The property is located about 1 mile from SUU campus and includes ample on-site parking with 125 parking stalls.
The information provided also notes that the landlord is currently paying all utilities and that private bedrooms have been receiving approximately $550 per month in the student rental setup.
Key Highlights
- Established 24‑unit apartment building (96 bedrooms) ideal for student housing.
- Built in 2018 and in great condition.
- Each unit features 4 beds, 2.5 baths, kitchen, living/dining area, and laundry.
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $518.9k | $15.60 |
| − Vacancy | −$19.7k | −$0.59 |
| EGI | $499.2k | $15.01 |
| − OpEx | −$224.6k | −$6.75 |
| NOI | $274.6k | $8.25 |
33,264 SF · lease $15.60/SF/yr · vacancy 3.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$3.92M
$3.43M – $4.58M
NOI $274,560 @ 7.0% cap · market cap 3.98%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$6.79M
$5.94M – $7.93M
NOI $475,546 @ 7.0% cap · market cap 6.89%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Apartment building - Newer 24-unit, two 3-story buildings totaling 96 bedrooms, with on-unit laundry and ample parking.
Where is this apartment building located?
The property is located at 1130 S Cedar Knolls Cedar City, UT.
What is the asking price?
The asking price for this property is $6,900,000.
What are key features of this property?
This property features: Established 24‑unit apartment building (96 bedrooms) ideal for student housing.; Built in 2018 and in great condition.; Each unit features 4 beds, 2.5 baths, kitchen, living/dining area, and laundry.
