Four-Unit Multifamily
New
For Sale
$1,175,000
2639 E 700 N, St George, UT 84790
Residential, St. George, UT
Property Size3,846 SF
Lot Size0.33 Acres
Price / SF$305.51
Days on Market2
Property Features for 2639 E 700 N
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Zoning
Multi-Family
Zoning description
R-3
Bedrooms
8
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 3, Bathroom 1, Bedroom 5, Bedroom 8, Bedroom 6, Bathroom 3, Bathroom 4, Bedroom 1, Bathroom 2, Bedroom 2, Bedroom 4, Bedroom 7
Parking
17
Parking features
Covered
Window features
Blinds
Interior features
Dishwasher: Built-In
Subdivision
EASTMONT ACRES
Lot features
Road: Paved, Secluded, Sidewalks, Sprinkler: Auto- Full
Elementary school
Horizon
Middle school
Pine View Middle
High school
Pine View
Elementary school district
Washington
Middle school district
Washington
High school district
Washington
Standard status
Active
APN
SG-EA-2-203
Size
3,846 SF
Lot size
0.33 Acres
Additional Details
Tenant in Place
Yes
Individually Metered Utilities
electricity, gas
Taxes and HOA fees
Tax Annual Amount
3433
Utilities
Heating system
Natural Gas, Central
Amenities
in-unit washer/dryer
grassy area
Building Details
Year built
1993
Floors in Building
2
Number of units
4
Flooring type
Laminate
Building materials
Stucco
Roof type
Metal
Architectural style
Other
Buildings
1
Listing Agency:
Equity Real Estate (NRE)
(801) 785-9995
Listed By:
Joshua Mills
(801) 580-6654
Added: Nov 2
Changed: Nov 3
Last Checked: Nov 3 at 8:06PM
MLS# 2194117
Copyright © 2026 UtahRealEstate.com. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 3,846-square-foot multifamily property contains four apartments on a 0.33-acre parcel. Built in 1993, the building has stucco construction and a metal roof. Each unit includes two bedrooms, one bathroom, a family room, kitchen, dining area, and its own laundry space. Three apartments have been remodeled recently. Each has a separate gas and electric meter and its own central air conditioning and furnace system; three of those systems were replaced within the past five years. The owner provides water, while tenants pay for gas, electricity, sewer, and trash. A grassy area is located behind the building.
Three units are occupied and one is vacant. The occupied apartments include both month-to-month leases and a lease that runs through late 2027. The property is in St. George, with Utah Tech University within a 3-mile drive and access to I-15, Walmart, Costco, and Red Cliffs Mall. Zoning is Multi-Family.
Three units are occupied and one is vacant. The occupied apartments include both month-to-month leases and a lease that runs through late 2027. The property is in St. George, with Utah Tech University within a 3-mile drive and access to I-15, Walmart, Costco, and Red Cliffs Mall. Zoning is Multi-Family.
Key Highlights
- Four apartments, each with 2 bedrooms and 1 bathroom
- 3,846 square feet on a 0.33‑acre parcel; built in 1993
- Each unit has its own laundry area, gas and electric meters, and central AC/furnace
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$46,279
Cap Rate
3.94%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$925,580
$925.6K
Cap Rate 7%
$661,129
$661.1K
Cap Rate 9%
$514,211
$514.2K
Market Conditions
NOI Build-Up for 3,846 SF
Gross rent
$69.2K $18.00/SF
− Vacancy
−$3.1K −$0.81/SF
EGI
$66.1K $17.19/SF
− OpEx
−$19.8K −$5.16/SF
NOI
$46.3K $12.03/SF
Area
Washington County, UT
Vacancy
4.50%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$925,580
Cap Rate 7%
$661,129
Cap Rate 9%
$514,211
Alternative Uses
Best Use
Multifamily LT 5
$661.1K
$578.5K – $771.3K
NOI $46,279 @ 7.0% cap · market cap 3.94%
Second Best
Apartment 5plus
$610.5K
$534.2K – $712.2K
NOI $42,733 @ 7.0% cap · market cap 3.64%
Theoretical Best
Specialty Retail
$1.06M
$926.7K – $1.24M
NOI $74,136 @ 7.0% cap · market cap 6.31%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
4
Residential units
Multi-tenant
Tenancy
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
727
Businesses Nearby
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Business Placement
Demographics for 84790, UT
52,982
Population
20,956
Households
2.5
Avg Household Size
37
Median Age
38%
College-Educated
96%
High-School Grad
48.3 sq mi
ZIP Area
1,097
Density / Sq Mi
$85,720
Median Household Income
$39,108
Median Earnings
$1,598
Median Rent
$500,900
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Quadplex - Each apartment has a private laundry area, separate utility meters, and two covered parking stalls.
Where is this quadplex located?
The property is located at 2639 E 700 N St George, UT.
What is the asking price?
The asking price for this property is $1,175,000.
What are key features of this property?
This property features: Four apartments, each with 2 bedrooms and 1 bathroom; 3,846 square feet on a 0.33‑acre parcel; built in 1993; Each unit has its own laundry area, gas and electric meters, and central AC/furnace
