591-593 E Nichols Canyon Road Cedar City, UT 84721
MULTI_FAMILY - Cedar City, UT
Property Features for 591-593 E Nichols Canyon Road
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 6
- Bathrooms
- 4
- Rooms
- Bathroom 1, Bathroom 4, Bedroom 3, Bedroom 5, Bedroom 6, Bathroom 2, Bathroom 3, Bedroom 2, Bedroom 4, Bedroom 1
- Standard status
- Active
- APN
- B-1787-0006-0000
- Size
- 2,453 SF
- Lot size
- 0.33 Acres
Taxes and HOA fees
- Tax Annual Amount
- 1758
Utilities
- Heating system
- Natural Gas
- Cooling system
- Central Air
Building Details
- Year built
- 2007
- Floors in Building
- 1
- Number of units
- 2
- Roof type
- Asphalt
Listing agent Jenny L Vossler (435) 559-1260
Listing office ERA Realty Center 259 W 200 N, CEDAR CITY, UT (435) 586-2777
Listing date Jul 14, 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.
Investment Insights
Based on property information with market context.
Recent updates noted in the listing include refurbished roof and vinyl plank flooring in the kitchens, bathrooms, and laundry areas.
The listing also indicates the duplex is zoned Central Commercial and is currently occupied by long-term, month-to-month tenants.
Key Highlights
- Duplex built in 2007 on a .33‑acre corner lot with xeriscape landscaping and fenced backyards
- Zoned Central Commercial; each unit has 3 bedrooms, 2 baths, and 1,226 SF
- Each unit includes natural gas heating, central air, and a 1‑car garage plus an additional 180 SF covered carport/patio area
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 | $33.9k | $13.80 |
| − Vacancy | −$1.4k | −$0.55 |
| EGI | $32.5k | $13.25 |
| − OpEx | −$9.7k | −$3.97 |
| NOI | $22.7k | $9.27 |
