Short-Term Rental Property with 3
For Sale
$674,900
1649 W State St, Hurricane, UT 84737
MultiFamily, Hurricane, UT
Property Size2,792 SF
Lot Size0.58 Acres
Price / SF$241.73
Days on Market97
Property Features for 1649 W State St
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning description
Residential, Multi-Family, Mobile Home, Mixed Zoning, Commercial, Business
Bedrooms
5
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 1, Bedroom 2, Bathroom 1, Bedroom 5, Bathroom 2, Bedroom 4, Bathroom 3, Bedroom 3, Bathroom 4
Elementary school
Hurricane Elementary
Middle school
Hurricane Middle
High school
Hurricane High
Directions
Turn off State Street between The Dollar Store and Standard Plumbing.
Subdivision
Hurricane Valley
Standard status
Active
APN
H-3-1-33-3119
Size
2,792 SF
Lot size
0.58 Acres
Taxes and HOA fees
Tax Annual Amount
2350
Utilities
Heating system
Natural Gas
Cooling system
Central Air
Amenities
fully fenced
Building Details
Year built
1973
Floors in Building
1
Number of units
3
Roof type
Asphalt
Listing Agency:
KW Ascend Keller Williams Realty
(435) 767-9888
Listed By:
Kade K Ence
(435) 862-9955
Added: Jul 2
Changed: Oct 2
Last Checked: Oct 6 at 12:06PM
MLS# 26-273867
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 2,792-square-foot property on 0.58 acres includes one primary residence and two active short-term rental units. The fully fenced site provides open space and abundant parking, while separate utility meters and mini-split systems serve the rental units. Built in 1973, the property also includes central air, natural gas heating, and an asphalt roof.
Highway Commercial zoning is paired with a grandfathered residential overlay, supporting continued residential use and a range of potential commercial applications. The property is positioned off State Street in Hurricane, with downtown access and a setting without adjacent residential neighbors. Zion National Park is approximately 25 minutes away, while Sand Hollow State Park and Quail Creek State Park are each about 10 minutes away.
The parcel has no HOA and offers additional flexibility for rental, residential, or business-oriented use, subject to applicable approvals.
Highway Commercial zoning is paired with a grandfathered residential overlay, supporting continued residential use and a range of potential commercial applications. The property is positioned off State Street in Hurricane, with downtown access and a setting without adjacent residential neighbors. Zion National Park is approximately 25 minutes away, while Sand Hollow State Park and Quail Creek State Park are each about 10 minutes away.
The parcel has no HOA and offers additional flexibility for rental, residential, or business-oriented use, subject to applicable approvals.
Key Highlights
- 2,792‑square‑foot property on 0.58 acres
- Three‑unit configuration: one primary residence and two active short‑term rentals
- Highway Commercial zoning with grandfathered residential overlay
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,596
Cap Rate
4.98%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$671,920
$671.9K
Cap Rate 7%
$479,943
$479.9K
Cap Rate 9%
$373,289
$373.3K
Market Conditions
NOI Build-Up for 2,792 SF
Gross rent
$50.3K $18.00/SF
− Vacancy
−$2.3K −$0.81/SF
EGI
$48.0K $17.19/SF
− OpEx
−$14.4K −$5.16/SF
NOI
$33.6K $12.03/SF
Area
Washington County, UT
Vacancy
4.50%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$671,920
Cap Rate 7%
$479,943
Cap Rate 9%
$373,289
Alternative Uses
Best Use
Multifamily LT 5
$479.9K
$420.0K – $559.9K
NOI $33,596 @ 7.0% cap · market cap 4.98%
Second Best
Apartment 5plus
$443.2K
$387.8K – $517.0K
NOI $31,022 @ 7.0% cap · market cap 4.60%
Theoretical Best
Specialty Retail
$768.8K
$672.7K – $897.0K
NOI $53,819 @ 7.0% cap · market cap 7.97%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
3
Residential units
Yes
Fenced yard
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
229
Businesses Nearby
Explore this area
Business Placement
Demographics for 84737, UT
21,212
Population
9,320
Households
2.3
Avg Household Size
39
Median Age
26%
College-Educated
95%
High-School Grad
250.1 sq mi
ZIP Area
85
Density / Sq Mi
$70,417
Median Household Income
$31,315
Median Earnings
$1,239
Median Rent
$420,900
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Short term rental property - Three-unit property with Highway Commercial zoning, flexible occupancy options, and separate utility metering for the rental units.
Where is this short term rental property located?
The property is located at 1649 W State St Hurricane, UT.
What is the asking price?
The asking price for this property is $674,900.
What are key features of this property?
This property features: 2,792‑square‑foot property on 0.58 acres; Three‑unit configuration: one primary residence and two active short‑term rentals; Highway Commercial zoning with grandfathered residential overlay
