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Downtown Duplex
For Sale
$550,000

464 E 700 St S, St George, UT 84770

MultiFamily, St George, UT

Property Size1,994 SF
Lot Size0.20 Acres
Price / SF$275.83
Days on Market305

Property Features for 464 E 700 St S

General Information

Property type Residential Multi Family
Property subtype Other
Zoning description Multi-Family
Bedrooms 5
Bathrooms 3
Full bathrooms 3
Rooms Bathroom 2, Bedroom 3, Bathroom 3, Bedroom 1, Bedroom 4, Bedroom 5, Bedroom 2, Bathroom 1
Elementary school Legacy Elementary
Middle school Dixie Middle
High school Dixie High
Subdivision Greater St. George
Standard status Active
APN SG-1388-H
Size 1,994 SF
Lot size 0.20 Acres

Taxes and HOA fees

Tax Annual Amount 2347

Utilities

Heating system Natural Gas
Cooling system Central Air

Amenities

washer/dryer hookups
off-street parking
low-maintenance landscaping

Building Details

Year built 1968
Floors in Building 1
Number of units 2
Roof type Tar/Gravel
Listing Agency: RED ROCK REAL ESTATE
Listed By: LOUIS J GARRETT
Added: Dec 5, 2025 Changed: Oct 2 Last Checked: Oct 6 at 2:06PM
MLS# 25-267226

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 1,994-square-foot duplex, built in 1968, contains two separate residences on a 0.2-acre lot. The unit mix includes a three-bedroom, two-bath home and a two-bedroom, one-bath home. Each residence has washer and dryer hookups, while the property also provides off-street parking and low-maintenance landscaping. Heating is supplied by natural gas, with central air conditioning in place.

The property is positioned in downtown St. George, within walking distance of restaurants, shops, transit, and major employers. The building has newer HVAC equipment, a newer roof, and newer water heaters. Source information also identifies a history of consistent occupancy and demand from long-term tenants.

Key Highlights

  • Two‑unit duplex with a 3‑bedroom, 2‑bath unit and a 2‑bedroom, 1‑bath unit
  • 1,994 square feet on a 0.2‑acre lot
  • Built in 1968 with newer HVAC, roof, and water heaters

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr
$23,994
Cap Rate
4.36%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$479,880 $479.9K
Cap Rate 7%
$342,771 $342.8K
Cap Rate 9%
$266,600 $266.6K
Market Conditions
NOI Build-Up for 1,994 SF
Gross rent
$35.9K $18.00/SF
− Vacancy
−$1.6K −$0.81/SF
EGI
$34.3K $17.19/SF
− OpEx
−$10.3K −$5.16/SF
NOI
$24.0K $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%
$479,880
Cap Rate 7%
$342,771
Cap Rate 9%
$266,600

Alternative Uses

Best Use
Multifamily LT 5
$342.8K
$299.9K – $399.9K (±1% cap)
NOI $23,994 @ 7.0% cap · market cap 4.36%
Second Best
Apartment 5plus
$316.5K
$277.0K – $369.3K (±1% cap)
NOI $22,156 @ 7.0% cap · market cap 4.03%
Theoretical Best
Specialty Retail
$549.1K
$480.5K – $640.6K (±1% cap)
NOI $38,437 @ 7.0% cap · market cap 6.99%
Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Locksmith Restaurant Grocery & Convenience Store Pet Grooming Service Tanning Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2
Residential units

Location Intelligence

Trade Area within ½ mile

1,318
Businesses Nearby

Demographics for 84770, UT

44,505
Population
21,173
Households
2.1
Avg Household Size
36
Median Age
29%
College-Educated
93%
High-School Grad
72.1 sq mi
ZIP Area
617
Density / Sq Mi
$68,174
Median Household Income
$34,586
Median Earnings
$1,344
Median Rent
$407,100
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
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Frequently Asked Questions

What type of property is this?
Duplex - Two-unit residential property with separate living spaces, laundry hookups, off-street parking, and updated core mechanical systems.
Where is this duplex located?
The property is located at 464 E 700 St S St George, UT.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: Two‑unit duplex with a 3‑bedroom, 2‑bath unit and a 2‑bedroom, 1‑bath unit; 1,994 square feet on a 0.2‑acre lot; Built in 1968 with newer HVAC, roof, and water heaters
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