385 N STATE St, La Verkin, UT 84745
MULTI_FAMILY - La Verkin, UT
- Added:
- Jun 15, 2026
- Days on Market:
- 13
- Last Refresh:
- Jun 27 at 12:06 pm
Property Features for 385 N STATE St
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Standard status
- Active
- APN
- LV-OMS-3-1-1
- Size
- 5,693 SF
- Lot size
- 0.28 Acres
Taxes and HOA fees
- Tax Annual Amount
- 2085
Utilities
- Heating system
- Heat Pump (Heating)
- Cooling system
- Heat Pump
Building Details
- Year built
- 1971
- Floors in Building
- 2
- Number of units
- 5
- Roof type
- Asphalt
Listing agent LUKE E GODFREY (435) 229-4126
Listing office THINK REALTY LLC 107 S 1470 E Ste 203, UT (435) 817-1265x4358171265
Listing date Jun 15, 2026
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
- 1971‑built property with heat pump heating and cooling
- Large lot with multiple buildings, detached garages, and ample off‑street gravel parking
- Oversized detached metal shop with tall overhead door for storage, workshop, or vehicle/equipment use (buyer to verify permitted uses)
- Main residence includes spacious living areas with large picture windows and generous bedrooms
- Mature shade trees with backyard garden space and patio area
- Asphalt roof
Overview
Located on State Street in La Verkin, the property is described as highly visible with easy access and frontage along the corridor. The lot size is listed at 0.28 acres, with a total property size of 5,693 square feet, providing a compact footprint for a home, work, and storage all in one.
For owner-users, this layout can support a business that benefits from on-site workspace and parking, while still maintaining a residence on the same parcel. For buyers exploring multiple paths, the mixed-use zoning is noted as allowing a variety of potential uses, with the listing advising buyers to verify permitted uses and zoning details. As with any live-work or mixed-use purchase, buyers should confirm all property information, zoning, and square footage details during due diligence.
Local Financial Insights For Mixed Use
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 | $123.0k | $21.60 |
| − Vacancy | −$7.4k | −$1.30 |
| EGI | $115.6k | $20.30 |
| − OpEx | −$43.3k | −$7.61 |
| NOI | $72.2k | $12.69 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- La Verkin
- County
- Washington
- State
- Utah
- Longitude
- -113.272587
- Latitude
- 37.208809
