Meticulously Maintained
519 E STEEPLECHASE Rd Washington, UT 84780
519 E STEEPLECHASE Rd, Washington, UT, 84780
$1,645,000
For Sale
$1,645,000
MULTI_FAMILY - Washington, UT
Property Size5,864 SF
Lot Size0.03 Acres
Price / SF$280.53
Days on Market144
Property Features for 519 E STEEPLECHASE Rd
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 12
- Bathrooms
- 8
- Rooms
- Bedroom 7, Bedroom 2, Bathroom 4, Bedroom 3, Bedroom 5, Bedroom 10, Bathroom 2, Bathroom 7, Bathroom 3, Bathroom 8, Bedroom 11, Bathroom 1, Bedroom 1, Bedroom 4, Bedroom 6, Bedroom 8, Bedroom 9, Bathroom 5, Bedroom 12, Bathroom 6
- Standard status
- Active
- APN
- W-MUS-1-3
- Size
- 5,864 SF
- Lot size
- 0.03 Acres
Taxes and HOA fees
- Tax Annual Amount
- 1299
Utilities
- Heating system
- Electric (Heating), Heat Pump (Heating)
- Cooling system
- Central Air
Building Details
- Year built
- 2022
- Floors in Building
- 2
- Number of units
- 4
- Roof type
- Tile
Listing Agency
EQUITY REAL ESTATE (ST GEORGE)
(435) 215-1333
352 E Riverside Dr Suite C5, UT
Listed by
RICHARD C POTTER
(435) 862-6381
Added: Feb 23 Checked: Jul 17 at 1:06 pm
MLS# 26-269605
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.
Investment Insights
Based on property information with market context.
This meticulously maintained four-plex has been maintained by an owner/manager since new. All four units are leased on 12-month leases, and some tenants are multi-year tenants. Interior upgrades include stainless steel appliances and quartz countertops, along with walk-in closets. Each unit also features a private fenced yard. There is a tax ID for each unit.
The property is located at 519 E Steeplechase Rd in Washington, UT 84780, within the Crimson High school boundaries. The seller reports a view to the north, proximity to the new Wheeler Park being built, and quick access to SR-7 and the airport.
Per the listing, there should be no showings without a signed offer, and tenants should not be disturbed as they do not know the property is for sale.
The property is located at 519 E Steeplechase Rd in Washington, UT 84780, within the Crimson High school boundaries. The seller reports a view to the north, proximity to the new Wheeler Park being built, and quick access to SR-7 and the airport.
Per the listing, there should be no showings without a signed offer, and tenants should not be disturbed as they do not know the property is for sale.
Key Highlights
- Newer 4‑plex built in 2022 with tile roof
- All four units are leased with 12‑month leases; some tenants are multi‑year tenants
- Upgrades include stainless steel appliances and quartz countertops
Local Financial Insights For Multifamily LT 5
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 | $105.6k | $18.00 |
| − Vacancy | −$4.7k | −$0.81 |
| EGI | $100.8k | $17.19 |
| − OpEx | −$30.2k | −$5.16 |
| NOI | $70.6k | $12.03 |
5,864 SF · lease $18.00/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.01M
$882.0K – $1.18M
NOI $70,562 @ 7.0% cap · market cap 4.29%
Second Best
Apartment 5plus
$930.8K
$814.4K – $1.09M
NOI $65,155 @ 7.0% cap · market cap 3.96%
Theoretical Best
Specialty Retail
$1.61M
$1.41M – $1.88M
NOI $113,035 @ 7.0% cap · market cap 6.87%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Quadplexes
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FAQs
What type of property is this?
Quadplex - Four fully leased units with private fenced yards and upgraded interiors, all maintained by the owner/manager.
Where is this quadplex located?
The property is located at 519 E STEEPLECHASE Rd Washington, UT.
What is the asking price?
The asking price for this property is $1,645,000.
What are key features of this property?
This property features: Newer 4‑plex built in 2022 with tile roof; All four units are leased with 12‑month leases; some tenants are multi‑year tenants; Upgrades include stainless steel appliances and quartz countertops
