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    Renovated Multifamily Complex in Wendover Title is generated by Realmo AI

    370 ARIA Blvd E, Wendover, UT 84083

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    Claim this Listing
    For Sale
    $3,200,000

    MULTI_FAMILY - Other - Wendover, UT

    Property size:
    30,828 SF
    Lot size:
    2.27 Acres
    Price / SF:
    $103/SF
    Added:
    Nov 10, 2025
    Days on Market:
    207
    Last Refresh:
    Jun 5 at 7:06 pm

    Property Features for 370 ARIA Blvd E

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Zoning
    Multi-Family
    Bedrooms
    72
    Bathrooms
    48
    Rooms
    Bedroom 32, Bedroom 67, Bedroom 37, Bedroom 71, Bedroom 51, Bedroom 17, Bedroom 68, Bedroom 30, Bedroom 14, Bathroom 30, Bedroom 56, Bedroom 34, Bedroom 7, Bedroom 9, Bathroom 4, Bedroom 52, Bathroom 38, Bedroom 21, Bathroom 29, Bedroom 41, Bathroom 11, Bedroom 3, Bedroom 4, Bedroom 65, Bedroom 42, Bedroom 33, Bedroom 16, Bedroom 59, Bedroom 44, Bedroom 5, Bathroom 19, Bathroom 28, Bathroom 39, Bedroom 29, Bathroom 8, Bathroom 42, Bedroom 23, Bedroom 72, Bathroom 18, Bathroom 25, Bedroom 49, Bedroom 24, Bedroom 26, Bathroom 1, Bathroom 24, Bedroom 12, Bedroom 11, Bathroom 32, Bedroom 55, Bedroom 36, Bedroom 69, Bathroom 40, Bathroom 6, Bedroom 38, Bedroom 70, Bedroom 6, Bedroom 40, Bathroom 20, Bedroom 19, Bathroom 9, Bedroom 62, Bedroom 43, Bathroom 35, Bedroom 27, Bathroom 2, Bedroom 66, Bathroom 14, Bathroom 23, Bedroom 13, Bathroom 45, Bedroom 50, Bedroom 64, Bathroom 16, Bedroom 54, Bedroom 60, Bathroom 44, Bedroom 28, Bathroom 46, Bathroom 21, Bathroom 37, Bathroom 48, Bedroom 22, Bedroom 58, Bathroom 47, Bedroom 10, Bathroom 10, Bedroom 31, Bedroom 61, Bathroom 41, Bathroom 5, Bedroom 18, Bathroom 17, Bedroom 53, Bathroom 43, Bathroom 12, Bathroom 27, Bedroom 47, Bathroom 7, Bedroom 48, Bedroom 2, Bathroom 36, Bedroom 35, Bedroom 8, Bedroom 25, Bedroom 39, Bathroom 31, Bedroom 20, Bedroom 45, Bathroom 13, Bathroom 15, Bedroom 1, Bathroom 22, Bedroom 63, Bathroom 34, Bedroom 15, Bathroom 33, Bedroom 57, Bedroom 46, Bathroom 3, Bathroom 26
    Parking features
    Covered
    Interior features
    Range/Oven: Built-In, Dishwasher: Built-In
    Exterior features
    Lighting
    Standard status
    Active
    APN
    01-252-0-0012
    Size
    30,828 SF
    Lot size
    2.27 Acres

    Taxes and HOA fees

    Tax Annual Amount
    18971

    Utilities

    Heating system
    Electric (Heating)

    Building Details

    Year built
    1985
    Floors in Building
    2
    Number of units
    48
    Flooring type
    Carpet
    Roof type
    Asphalt
    Architectural style
    Other

    We can help!

    Listing Contact
    Mark Haaga
    Mark Haaga

    Listing agent Mark Haaga

    Listing office Found It LLC 9075 S 255 W, Sandy, UT

    Listing date Nov 10, 2025

    MLS# 2122173 Listing URL

    Copyright © 2026 UtahRealEstate.com. 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‑yield investment property generating over $25K per month in income.
    • Renovated complex with over $400K in recent upgrades, including roof, landscaping, and unit remodels.
    • 48 units (24 one‑bed and 24 two‑bed) providing a diversified income stream.
    • Located on 2.27 acres with easy access to I‑80.
    • Stable investment with room for rent growth.
    • Market rents averaging $650 to $750 plus $1,000 in monthly laundry income.

    Overview

    This renovated 48-unit multifamily complex is located in Wendover, UT. Constructed in 1985, the property has undergone over $400,000 in improvements. The complex sits on a 2.27-acre lot and offers convenient access to I-80. The property comprises 24 one-bedroom units and 24 two-bedroom units. Market rents average between $650 and $750, with an additional $1,000 generated monthly from laundry income, resulting in a total monthly income exceeding $25,000. Recent upgrades include a new roof, landscaping improvements, and unit remodels. This property presents a stable, high-yield investment opportunity with potential for rent growth. The building has a total area of 30828 square feet.
    Property Profile Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Gym & Fitness Center Department Store Furniture & Home Goods Cafe & Coffee Shop Bakery Bed & Breakfast Auto Parts Store Arcade & Gaming Center Restaurant (Bike/Boat/Book/etc) Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Wendover
    County
    Tooele
    State
    Utah
    Longitude
    -114.04261
    Latitude
    40.741026

    FAQs

    What type of property is this?
    Apartment building - 48-unit complex with upgrades and income potential in Wendover.
    Where is this apartment building located?
    The property is located at 370 ARIA Blvd E Wendover, UT.
    What is the asking price?
    The asking price for this property is $3,200,000.
    What are key features of this property?
    This property features: High‑yield investment property generating over $25K per month in income.; Renovated complex with over $400K in recent upgrades, including roof, landscaping, and unit remodels.; 48 units (24 one‑bed and 24 two‑bed) providing a diversified income stream.
    (385) 218-7367
    We can help!
    Listing Contact
    Mark Haaga
    Mark Haaga
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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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    370 ARIA Blvd E, Wendover, UT 84083
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