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    Modern Multifamily Building in Vineyard Title is generated by Realmo AI

    266 N 590 E, Vineyard, UT 84059

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    For Sale
    $4,450,000

    MULTI_FAMILY - Vineyard, UT

    Property size:
    17,962 SF
    Lot size:
    0.16 Acres
    Price / SF:
    $247/SF
    Added:
    Feb 19, 2026
    Days on Market:
    107
    Last Refresh:
    Jun 6 at 6:06 am

    Property Features for 266 N 590 E

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bedrooms
    28
    Bathrooms
    25
    Rooms
    Bathroom 20, Bedroom 3, Bathroom 19, Bathroom 23, Bathroom 11, Bathroom 16, Bathroom 24, Bathroom 1, Bedroom 25, Bedroom 1, Bedroom 11, Bathroom 25, Bathroom 9, Bedroom 2, Bedroom 9, Bedroom 24, Bedroom 21, Bathroom 5, Bathroom 15, Bedroom 27, Bedroom 17, Bathroom 14, Bathroom 7, Bedroom 12, Bedroom 14, Bathroom 8, Bathroom 4, Bathroom 3, Bathroom 17, Bedroom 5, Bedroom 23, Bathroom 21, Bedroom 4, Bedroom 7, Bedroom 20, Bedroom 22, Bedroom 8, Bathroom 22, Bathroom 2, Bathroom 13, Bedroom 18, Bedroom 15, Bedroom 10, Bedroom 26, Bathroom 18, Bedroom 13, Bedroom 16, Bathroom 6, Bathroom 10, Bathroom 12, Bedroom 19, Bedroom 6, Bedroom 28
    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

    We can help!

    Listing Contact
    CHANTAL R DREW

    Listing agent CHANTAL R DREW

    Listing office Luxury Group 1503 S Arabian Court Suite B, UT

    Listing date Feb 19, 2026

    MLS# 26-269550 Listing URL

    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.

    HighLights

    • High‑demand location in rapidly growing Vineyard, Utah, promising continued rent growth and long‑term appreciation.
    • Resort‑style amenities including a clubhouse, pool, hot tub, fitness center, playground, sport court, BBQ areas, pet parks, and EV charging.
    • Modern, Class A apartment building built in 2017.
    • Desirable mix of 3-, 2-, and 1‑bedroom units with granite countertops, stainless steel appliances, and in‑unit laundry.
    • Conveniently located near the Vineyard FrontRunner station, I‑15, UVU, BYU, shopping, and dining.
    • High occupancy rate of 94%.

    Overview

    This modern, Class A apartment building, constructed in 2017, is located in Vineyard, Utah. The property comprises 18 units with a mix of 3-, 2-, and 1-bedroom layouts. Unit amenities include granite countertops, stainless steel appliances, in-unit laundry facilities, walk-in closets, and private patios. Residents have access to a clubhouse, pool, 18-person hot tub, fitness center, playground, sport court, BBQ areas, pet parks, and EV charging stations. The property is situated near the Vineyard FrontRunner station and I-15, providing convenient access to UVU, BYU, shopping, and dining options. The property has an average occupancy rate of 94%. The lot size is 0.16 acres and the property size is 17962 square feet.
    Property Profile Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Gym & Fitness Center Building Supply Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Vineyard
    County
    Utah
    State
    Utah
    Longitude
    -111.760425
    Latitude
    40.307859

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      Modern Multifamily Investment Opportunity

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    FAQs

    What type of property is this?
    Apartment building - Class A apartment building in a rapidly growing Utah city.
    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 $4,450,000.
    What are key features of this property?
    This property features: High‑demand location in rapidly growing Vineyard, Utah, promising continued rent growth and long‑term appreciation.; Resort‑style amenities including a clubhouse, pool, hot tub, fitness center, playground, sport court, BBQ areas, pet parks, and EV charging.; Modern, Class A apartment building built in 2017.
    (435) 922-5252
    We can help!
    Listing Contact
    CHANTAL R DREW
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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