Established Student Apartment
1130 S Cedar Knolls Cedar City, UT 84720
1130 S Cedar Knolls, Cedar City, UT, 84720
$7,200,000
For Sale
$7,200,000
MULTI_FAMILY - Cedar City, UT
Property Size33,264 SF
Lot Size1.73 Acres
Price / SF$216.45
Days on Market332
Property Features for 1130 S Cedar Knolls
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Standard status
- Active
- APN
- See Private Remarks
- Size
- 33,264 SF
- Lot size
- 1.73 Acres
Taxes and HOA fees
- Tax Annual Amount
- 12100
Utilities
- Heating system
- Natural Gas
- Cooling system
- Central Air
Building Details
- Year built
- 2018
- Floors in Building
- 3
- Number of units
- 24
- Roof type
- Asphalt
Listing Agency
Stratum Real Estate Group So Branch
(435) 586-4874
365 S Main, UT
Listed by
Jesse Guy Carter · License #8651453
(435) 590-0798
Added: Aug 20, 2025 Checked: Jul 17 at 8:06 pm
MLS# 25-264208
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 established 24-unit apartment building is located in Cedar City. Constructed in 2018, the property consists of two 3-story buildings, each containing 12 units. The complex features a total of 96 bedrooms. Each apartment unit has a floor plan consisting of 4 beds and 2.5 baths, along with its own kitchen, living room/dining area, and laundry. The building is around 1 mile from the SUU campus, making it suitable for use as a student housing complex. The property has been receiving around $550 per month per private bedroom as a student rental. The landlord is currently responsible for all utilities. The property includes 125 parking stalls. The complex is situated on a 1.73-acre lot. The building has a total area of 33264 square feet. SUU is projected to continue to grow.
Key Highlights
- Established 24‑unit apartment building (96 bedrooms) ideal for student housing.
- Built in 2018 and in great condition.
- Each unit features 4 beds, 2.5 baths, kitchen, living/dining area, and laundry.
Local 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 | $518.9k | $15.60 |
| − Vacancy | −$19.7k | −$0.59 |
| EGI | $499.2k | $15.01 |
| − OpEx | −$224.6k | −$6.75 |
| NOI | $274.6k | $8.25 |
33,264 SF · lease $15.60/SF/yr · vacancy 3.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$3.92M
$3.43M – $4.58M
NOI $274,560 @ 7.0% cap · market cap 3.81%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$6.79M
$5.94M – $7.93M
NOI $475,546 @ 7.0% cap · market cap 6.60%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Apartment buildings
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FAQs
What type of property is this?
Apartment building - 24-unit apartment building near SUU campus, built in 2018.
Where is this apartment building located?
The property is located at 1130 S Cedar Knolls Cedar City, UT.
What is the asking price?
The asking price for this property is $7,200,000.
What are key features of this property?
This property features: Established 24‑unit apartment building (96 bedrooms) ideal for student housing.; Built in 2018 and in great condition.; Each unit features 4 beds, 2.5 baths, kitchen, living/dining area, and laundry.
