Income Producing Duplex Near
1201 S 860 W Cedar City, UT 84720
1201 S 860 W, Cedar City, UT, 84720
$430,000
For Sale
$430,000
MULTI_FAMILY - Cedar City, UT
Property Size2,004 SF
Lot Size0.29 Acres
Price / SF$214.57
Days on Market99
Property Features for 1201 S 860 W
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 4
- Bathrooms
- 3
- Rooms
- Bedroom 4, Bathroom 3, Bathroom 2, Bedroom 2, Bedroom 3, Bathroom 1, Bedroom 1
- Standard status
- Active
- APN
- 0073509
- Size
- 2,004 SF
- Lot size
- 0.29 Acres
Taxes and HOA fees
- Tax Annual Amount
- 1382
Utilities
- Heating system
- Natural Gas
Building Details
- Year built
- 1994
- Floors in Building
- 2
- Number of units
- 2
- Roof type
- Asphalt
Listing agency
ERA Realty Center
(435) 586-2777
Listed by
Toni Carl
(435) 559-5622
Added: Apr 16 Updated: Jun 29 at 12:30PM Checked: Jul 23 at 2:06AM
MLS# 26-271378
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 income-producing duplex is located near Southern Utah University (SUU) in Cedar City, Utah. The property has been recently remodeled and generates a monthly rental income of $2800. The main level features a 3-bedroom, 2-bathroom unit with a balcony and a spacious living room. The basement has a separate entrance and contains a 1-bedroom, 1-bathroom apartment. Recent upgrades include a new swamp cooler, new paint throughout, new LVP and tile flooring, and new appliances on the main level. The main kitchen has been remodeled, and the basement bathroom has been redone, along with new finishes throughout. The property is situated on a 0.29-acre lot. The building size is 2004 square feet.
Key Highlights
- Income‑producing up‑down duplex near SUU with main‑level 3 bed/2 bath and separate basement 1 bed/1 bath apartment
- Recently remodeled interior with new paint, new flooring (LVP and tile), and all new appliances on the main level
- Main level features a spacious living room and balcony; kitchen has been remodeled
Local Financial Insights For Multifamily LT 5
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 | $27.7k | $13.80 |
| − Vacancy | −$1.1k | −$0.55 |
| EGI | $26.5k | $13.25 |
| − OpEx | −$8.0k | −$3.97 |
| NOI | $18.6k | $9.27 |
2,004 SF · lease $13.80/SF/yr · vacancy 4.00% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$265.5K
$232.3K – $309.7K
NOI $18,584 @ 7.0% cap · market cap 4.32%
Second Best
Apartment 5plus
$236.3K
$206.8K – $275.7K
NOI $16,541 @ 7.0% cap · market cap 3.85%
Theoretical Best
Office A
$409.3K
$358.1K – $477.5K
NOI $28,649 @ 7.0% cap · market cap 6.66%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Duplex - Recently remodeled duplex near SUU, generating $2800 monthly income.
Where is this duplex located?
The property is located at 1201 S 860 W Cedar City, UT.
What is the asking price?
The asking price for this property is $430,000.
What are key features of this property?
This property features: Income‑producing up‑down duplex near SUU with main‑level 3 bed/2 bath and separate basement 1 bed/1 bath apartment; Recently remodeled interior with new paint, new flooring (LVP and tile), and all new appliances on the main level; Main level features a spacious living room and balcony; kitchen has been remodeled
