Five-Unit Apartment
1 N 300 E Cedar City, UT 84720
For Sale
$1,200,000
MULTI_FAMILY - Cedar City, UT
Property Size5,230 SF
Lot Size0.40 Acres
Price / SF$229.45
Days on Market48
Property Features for 1 N 300 E
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 10
- Bathrooms
- 5
- Rooms
- Bedroom 5, Bedroom 9, Bedroom 6, Bathroom 1, Bathroom 3, Bathroom 4, Bedroom 1, Bedroom 4, Bedroom 10, Bathroom 5, Bedroom 8, Bedroom 7, Bathroom 2, Bedroom 2, Bedroom 3
- Standard status
- Active
- APN
- B-0805-0000-0000
- Size
- 5,230 SF
- Lot size
- 0.40 Acres
Taxes and HOA fees
- Tax Annual Amount
- 1582
Utilities
- Heating system
- Baseboard, Natural Gas
- Cooling system
- Central Air
Building Details
- Year built
- 1985
- Floors in Building
- 3
- Number of units
- 5
- Roof type
- Asphalt
Listing Agency:
ERA Realty Center
(435) 586-2777
Listed By:
Tayler D Christensen
(435) 592-3380
Added: Jun 8
Changed: Jul 20
Last Checked: Jul 25 at 6:06PM
MLS# 26-273142
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 well-maintained five-unit apartment complex features five thoughtfully designed units, each with 2 bedrooms and 1.5 bathrooms and a three-level floor plan. Units include private 2-car garages, in-unit laundry, generous storage, and two private decks, supporting comfortable day-to-day living.
The property was built with double insulated walls between units and 14' TJI floor systems, designed to provide sound reduction, privacy, and durability. The site includes an oversized parcel with the existing improvements occupying only a portion of the lot, leaving approximately half the site available for future expansion, subject to buyer verification of zoning, density requirements, and city approvals.
For reference, the building is offered for sale as a multifamily investment in Cedar City, Utah. The address is 1 N 300 E.
The property was built with double insulated walls between units and 14' TJI floor systems, designed to provide sound reduction, privacy, and durability. The site includes an oversized parcel with the existing improvements occupying only a portion of the lot, leaving approximately half the site available for future expansion, subject to buyer verification of zoning, density requirements, and city approvals.
For reference, the building is offered for sale as a multifamily investment in Cedar City, Utah. The address is 1 N 300 E.
Key Highlights
- Well‑maintained 5‑unit apartment complex built in 1985 with central air cooling and natural gas baseboard heat
- Each unit features 2 bedrooms, 1.5 bathrooms, a unique three‑level floor plan, and in‑unit laundry
- Every unit includes a private 2‑car garage plus two private decks and generous storage
Financial Insights For Apartment 5plus
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 | $81.6k | $15.60 |
| − Vacancy | −$3.1k | −$0.59 |
| EGI | $78.5k | $15.01 |
| − OpEx | −$35.3k | −$6.75 |
| NOI | $43.2k | $8.25 |
5,230 SF · lease $15.60/SF/yr · vacancy 3.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$616.7K
$539.6K – $719.5K
NOI $43,168 @ 7.0% cap · market cap 3.60%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.07M
$934.6K – $1.25M
NOI $74,769 @ 7.0% cap · market cap 6.23%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Apartment buildings
FAQs
What type of property is this?
Apartment building - Well-maintained five-unit apartment building offering 2-bedroom, 1.5-bath units with private 2-car garages.
Where is this apartment building located?
The property is located at 1 N 300 E Cedar City, UT.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Well‑maintained 5‑unit apartment complex built in 1985 with central air cooling and natural gas baseboard heat; Each unit features 2 bedrooms, 1.5 bathrooms, a unique three‑level floor plan, and in‑unit laundry; Every unit includes a private 2‑car garage plus two private decks and generous storage
