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Updated 8-Unit Apartment Building
For Sale
$1,075,000
Pending

232 W 100 N, Vernal, UT 84078

An 8-unit income property with roof replacement in 2019 and multiple unit remodels, with seven units currently rented.

Property Size7,208 SF
Days on Market65

Property Features for 232 W 100 N

General Information

Standard status Pending
Size 7,208 SF
Property subtype > 4 Units

Building Details

Building Size 7,208 SF
Year Built 1977
Listing Agency: Utah's Wise Choice Real Estate
Listed By: David Stuart
Source: Liftrealty
Added: Jul 10 Changed: Sep 11 Last Checked: Sep 12 at 7:45AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Utah's Wise Choice Real Estate

Investment Insights

Based on property information with market context.

This 8-unit apartment building has undergone extensive updates, including a roof replacement in 2019. The property also has four swamp coolers, all replaced in 2019, and has seen replacement of outlets and plumbing valves. Six of the eight units have been remodeled, and the seventh unit is expected to be completed prior to closing. The eighth unit has long-term renters in place and has not been updated.

Seven units are currently rented, and the property has maintained consistent occupancy across all eight units. Due to tenant occupancy, access may be limited and all units may not be available to view at the same time. Please do not disturb tenants, and note that proof of funds and an offer must be submitted prior to showings.

Square footage is provided as a courtesy estimate only and was obtained from tax records; buyers are advised to obtain an independent measurement.

Key Highlights

  • 8‑unit rental property in Vernal with seven units currently rented and consistent occupancy across all 8 units
  • Roof replacement in 2019
  • Four swamp coolers; all replaced in 2019

Property Analytics

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Current Use

Apartment buildings

Suggested Use

Top Pick Electrical Service Parking Lot & Garage Garden Center (Bike/Boat/Book/etc) Store Furniture & Home Goods Storage Facility

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

831
Businesses Nearby

Demographics for 84078, UT

29,172
Population
11,222
Households
2.6
Avg Household Size
31
Median Age
18%
College-Educated
89%
High-School Grad
1,337.2 sq mi
ZIP Area
22
Density / Sq Mi
$71,230
Median Household Income
$36,374
Median Earnings
$907
Median Rent
$279,000
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - An 8-unit income property with roof replacement in 2019 and multiple unit remodels, with seven units currently rented.
Where is this apartment building located?
The property is located at 232 W 100 N Vernal, UT.
What is the asking price?
The asking price for this property is $1,075,000.
What are key features of this property?
This property features: 8‑unit rental property in Vernal with seven units currently rented and consistent occupancy across all 8 units; Roof replacement in 2019; Four swamp coolers; all replaced in 2019
More about this property
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