Student Housing Near Southern
119 N 800 W Cedar City, UT 84720
119 N 800 W, Cedar City, UT, 84720
$3,699,000
For Sale
$3,699,000
MULTI_FAMILY - Cedar City, UT
Property Size18,618 SF
Lot Size0.44 Acres
Price / SF$198.68
Days on Market287
Property Features for 119 N 800 W
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 1
- Bathrooms
- 1
- Rooms
- Bathroom 1, Bedroom 1
- Standard status
- Active
- APN
- B-0118-0000-0000
- Size
- 18,618 SF
- Lot size
- 0.44 Acres
Taxes and HOA fees
- Tax Annual Amount
- 8959
Utilities
- Heating system
- Natural Gas
- Cooling system
- Central Air
Building Details
- Year built
- 2018
- Floors in Building
- 3
- Number of units
- 60
- Roof type
- Asphalt
Listing agency
ERA Realty Center
(435) 586-2777
Listed by
Jennifer Davis · License #5458788-AB
(435) 590-1317
Added: Oct 9, 2025 Updated: Jun 29 at 12:29PM Checked: Jul 22 at 8:06PM
MLS# 25-265854
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 multi-family property, located one block from Southern Utah University in Cedar City, Utah, is a 60-bedroom student housing complex. The property contains 10 living spaces, each equipped with 6 private bedrooms and 6 private bathrooms. Each unit also includes 2 full kitchens, each with dual refrigerators, as well as 2 washers and 2 dryers. The building has a total area of 18618 square feet and is situated on a 0.44-acre lot. The property is designed to accommodate multiple tenants, offering privacy and comfort. Its proximity to the university ensures strong rental demand and minimal vacancy rates. This property offers immediate income potential and long-term appreciation in a thriving university town.
Key Highlights
- Prime location one block from Southern Utah University (SUU), ensures high demand from students.
- High‑occupancy design with 60 private bedrooms and 60 private bathrooms maximizes individual tenant comfort.
- Fully equipped units: Each of the 10 living spaces includes 2 full kitchens with dual refrigerators, and 2 washers & 2 dryers.
Local 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 | $290.4k | $15.60 |
| − Vacancy | −$11.0k | −$0.59 |
| EGI | $279.4k | $15.01 |
| − OpEx | −$125.7k | −$6.75 |
| NOI | $153.7k | $8.25 |
18,618 SF · lease $15.60/SF/yr · vacancy 3.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$2.20M
$1.92M – $2.56M
NOI $153,672 @ 7.0% cap · market cap 4.15%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.80M
$3.33M – $4.44M
NOI $266,165 @ 7.0% cap · market cap 7.20%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
University Loft
Hotel & Motel
University Lofts
Student Dormitory
Similar For Sale Nearby
FAQs
What type of property is this?
Apartment building - 60-bed, 60-bath apartment complex near Southern Utah University.
Where is this apartment building located?
The property is located at 119 N 800 W Cedar City, UT.
What is the asking price?
The asking price for this property is $3,699,000.
What are key features of this property?
This property features: Prime location one block from Southern Utah University (SUU), ensures high demand from students.; High‑occupancy design with 60 private bedrooms and 60 private bathrooms maximizes individual tenant comfort.; Fully equipped units: Each of the 10 living spaces includes 2 full kitchens with dual refrigerators, and 2 washers & 2 dryers.
