Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    973 S Unit 11 &, Unit 12 Richfield, UT 84701

    View on Map
    Sponsored
    For Sale
    $1,038,000

    MULTI_FAMILY - Richfield, UT

    Property size:
    5,142 SF
    Lot size:
    0.18 Acres
    Days on Market:
    1
    Last Refresh:
    Mar 5 at 9:06 pm

    Property Features for 973 S Unit 11 &

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Rooms
    Bathroom 3, Bedroom 5, Bedroom 3, Bedroom 1, Bedroom 2, Bathroom 1, Bedroom 4, Bathroom 4, Bathroom 2, Bedroom 6
    Bedrooms
    6
    APN
    6-169-11 & 6-169-12
    Size
    5,142 SF
    Lot size
    0.18 Acres

    Utilities

    Heating system
    Natural Gas
    Cooling system
    Central Air

    Building Details

    Year built
    2025
    Floors in Building
    2
    Number of units
    2
    Roof type
    Asphalt

    We can help!

    Listing Contact
    Anne V Fillmore
    Anne V Fillmore

    RED ROCK REAL ESTATE (801) 859-3232

    Listing agent Anne V Fillmore

    Listing date Mar 5, 2026

    MLS# 26-269890

    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.

    Learn more

    Overview

    Richfield Multifamily Investment Opportunity

    Located in Richfield City, this property presents a versatile ownership opportunity under RM-11 zoning. The well-maintained home is suitable for both owner-occupants and investors. Currently, it operates as a licensed short-term rental with established performance. Subject to local regulations and buyer verification, the property can continue as an income-producing asset or transition into a primary residence or second home. Interior upgrades include an upscale kitchen, black windows, an upgraded garage door, two-tone interior paint, quality carpet, higher-end laminate flooring, and ceiling fans throughout. Exterior features include attractive landscaping and a nearly fully fenced yard. The sale includes furnishings currently used in rental operations, allowing for a smooth, turnkey transition. Personal property will transfer via a separate bill of sale at closing. The property may be purchased individually or together with a second nearby income-producing property with a separate tax ID, creating a unique portfolio expansion opportunity. This listing represents one-half of the building, situated on a 0.18-acre lot. The property size is 5142 square feet. Financial performance is based on approximately eight months of actual 2025 short-term rental operations and has been annualized to reflect stabilized performance. Detailed financials are available upon request.
    Location Intelligence

    Current Use by Public Records

    Short term rental ...

    Map

    City
    Richfield
    County
    Sevier
    State
    Utah
    Longitude
    -112.101587
    Latitude
    38.753227

    Nearby Similar for Sale

    • $435,000
      2,400 SF

      Richfield Commercial Property with Shop

      Commercial property with shop and storage yard in Richfield, UT.
      342 N 500 E, Richfield, UT 84701
      View Details
    • $950,000
      7,450 SF

      Commercial Building with Auto Shop

      Income-producing property with auto shop and tenants near Walmart.
      1075 S 75 E, Richfield, UT 84701
      View Details
    • New
      $2,850,000
      13,800 SF

      Richfield Multifamily Investment Opportunity

      Fully occupied 12-unit apartment complex near Snow College.
      797 W 50 N, Richfield, UT 84701
      View Details
    • New
      $2,750,000
      13,800 SF

      Richfield Multifamily Investment Opportunity

      Fully occupied 12-unit apartment complex near Snow College.
      819 W 50 N, Richfield, UT 84701
      View Details
    • Contact for pricing
      2,545 SF

      Richfield Office Building For Sale

      Single-story office building near Snow College with ample parking.
      167 W 100 S, Richfield, UT 84701
      View Details
    • Contact for pricing
      3,280 SF

      Former Auto Shop with Bays

      Former Jiffy Lube shop with three pass-through bays.
      975 N Main St, Richfield, UT 84701
      View Details
    • $474,900
      0.37 Acres

      Prime Richfield Retail Opportunity

      Two Buildings, Main Street Frontage
      203 Main St, Richfield, UT 84701
      View Details
    • $2,500,000
      0.45 Acres

      Richfield Main Street Retail Gem

      High-traffic corner, move-in ready retail space.
      298 Main St, Richfield, UT 84701
      View Details
    • $850,000
      3,280 SF

      Prime Richfield Auto Shop

      Profitable auto shop; ideal location, NNN lease.
      975 Main St, Richfield, UT 84701
      View Details
    • $524,900
      0.28 Acres

      Richfield Office Building - Main Street

      Prime location, versatile office space.
      45 500, Richfield, UT 84701
      View Details
    • Contact for pricing
      43,560 SF

      Richfield Retail Development Opportunity

      Prime Utah retail land, sale/lease
      1350 Technology Dr, Richfield, UT 84701
      View Details
    • $3,900,000
      34,000 SF

      Richfield Ramada Hotel Investment

      51-Room Hotel, Prime Location, High Potential
      333 N Main Street, Richfield, UT 84701
      View Details

    FAQs

    What type of property is this?
    Short term rental property - Income-producing property with short-term rental potential in Richfield, Utah.
    Where is this short term rental property located?
    The property is located at 973 S Unit 11 &, Unit 12 Richfield, UT.
    What is the asking price?
    The asking price for this property is $1,038,000.
    What are key features of this property?
    This property features: - Turnkey, licensed short-term rental with established income performance and included furnishings.; - Versatile RM-11 zoning allows for short-term rental, primary residence, or second home use.; - Recently built in 2025 with upscale kitchen and numerous interior upgrades.
    (435) 979-1662
    Request Owner's contact information
    973 S Unit 11 &, Unit 12 Richfield, UT 84701
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    973 S Unit 11 &, Unit 12
    Richfield, UT 84701
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    973 S Unit 11 &, Unit 12 Richfield, UT 84701
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Anne V Fillmore
    Anne V Fillmore
    (435) 979-1662
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!