Modern Apartment Building with Resort
266 N 590 E Vineyard, UT 84059
266 N 590 E, Vineyard, UT, 84059
$4,399,000
For Sale
$4,399,000
MULTI_FAMILY - Vineyard, UT
Property Size17,962 SF
Lot Size0.16 Acres
Price / SF$244.91
Days on Market153
Property Features for 266 N 590 E
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 28
- Bathrooms
- 25
- Rooms
- Bathroom 17, Bedroom 6, Bathroom 15, Bedroom 19, Bathroom 25, Bedroom 13, Bathroom 7, Bathroom 11, Bedroom 18, Bedroom 17, Bathroom 23, Bedroom 26, Bathroom 24, Bathroom 6, Bedroom 20, Bedroom 7, Bedroom 27, Bathroom 13, Bathroom 2, Bathroom 16, Bedroom 21, Bedroom 12, Bathroom 21, Bedroom 2, Bathroom 18, Bedroom 9, Bedroom 24, Bathroom 12, Bathroom 20, Bedroom 15, Bedroom 16, Bathroom 4, Bathroom 22, Bedroom 22, Bedroom 11, Bathroom 14, Bedroom 14, Bathroom 1, Bedroom 4, Bedroom 25, Bedroom 3, Bathroom 8, Bedroom 28, Bedroom 1, Bathroom 9, Bathroom 5, Bedroom 8, Bathroom 10, Bedroom 5, Bathroom 19, Bedroom 10, Bathroom 3, Bedroom 23
- Standard status
- Active
- APN
- 54:316:0006
- Size
- 17,962 SF
- Lot size
- 0.16 Acres
Taxes and HOA fees
- Tax Annual Amount
- 24647
Utilities
- Heating system
- Electric (Heating)
- Cooling system
- Central Air
Building Details
- Year built
- 2017
- Floors in Building
- 3
- Number of units
- 18
- Roof type
- Metal
Listing agency
Luxury Group
(435) 313-6657
Listed by
CHANTAL R DREW
(435) 922-5252
Added: Feb 19 Updated: Jul 20 at 6:21PM Checked: Jul 22 at 2:06AM
MLS# 26-269550
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 modern 18-unit, Class A apartment building was built in 2017 and offers a mix of 3-, 2-, and 1-bedroom units. In-unit features include granite countertops, stainless steel appliances, in-unit laundry, walk-in closets, and private patios. Community amenities include a clubhouse, pool, 18-person hot tub, fitness center, playground, sport court, BBQ areas, pet parks, and EV charging.
The property is located in Vineyard, Utah at 266 N 590 E. It is described as being near the Vineyard FrontRunner station, I-15, UVU, BYU, and nearby shopping and dining. Current performance is supported by a stated 94% average occupancy rate.
For buyers or operators seeking a newer multifamily asset, the unit mix and in-home laundry, plus the broad amenity package, support a tenant-friendly living experience. The building’s 2017 construction and included features across multiple bedroom counts may appeal to prospective residents looking for a contemporary setup within the Vineyard area.
The property is located in Vineyard, Utah at 266 N 590 E. It is described as being near the Vineyard FrontRunner station, I-15, UVU, BYU, and nearby shopping and dining. Current performance is supported by a stated 94% average occupancy rate.
For buyers or operators seeking a newer multifamily asset, the unit mix and in-home laundry, plus the broad amenity package, support a tenant-friendly living experience. The building’s 2017 construction and included features across multiple bedroom counts may appeal to prospective residents looking for a contemporary setup within the Vineyard area.
Key Highlights
- 18‑unit Class A apartment building built in 2017 in Vineyard, UT
- Unit mix includes 3-, 2-, and 1‑bedroom apartments with granite countertops and stainless steel appliances
- Each unit features in‑unit laundry, walk‑in closets, and private patios
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 | $291.0k | $16.20 |
| − Vacancy | −$14.0k | −$0.78 |
| EGI | $277.0k | $15.42 |
| − OpEx | −$124.7k | −$6.94 |
| NOI | $152.4k | $8.48 |
17,962 SF · lease $16.20/SF/yr · vacancy 4.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$2.18M
$1.90M – $2.54M
NOI $152,359 @ 7.0% cap · market cap 3.46%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.95M
$4.33M – $5.78M
NOI $346,595 @ 7.0% cap · market cap 7.88%
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?
Apartment building - Modern 18-unit apartment building with in-unit laundry, private patios, and extensive resident amenities.
Where is this apartment building located?
The property is located at 266 N 590 E Vineyard, UT.
What is the asking price?
The asking price for this property is $4,399,000.
What are key features of this property?
This property features: 18‑unit Class A apartment building built in 2017 in Vineyard, UT; Unit mix includes 3-, 2-, and 1‑bedroom apartments with granite countertops and stainless steel appliances; Each unit features in‑unit laundry, walk‑in closets, and private patios
