Fourplex with Covered
2639 E 700 N Unit 1-4, St George, UT 84790
For Sale
New
$1,175,000
Each residence has its own laundry area, gas and electric meters, and separate heating and cooling equipment.
Property Size2 SF
Price / SF$305.51
Days on Market6
Property Features for 2639 E 700 N Unit 1-4
General Information
Standard status
Size
Property subtype
Site & Location
Highway Access
Utilities to Site
Units
Unit Mix
Multifamily Units
Parking per Unit
Individually Metered Utilities
Additional Details
Tenant in Place
Amenities
in-unit washer/dryer
grassy area
Building Details
Building Size
Year Built
Buildings
Listing Agency:
Equity Real Estate (NRE)
(801) 785-9995
Listed By:
Joshua Mills
(801) 580-6654
Source:
Liftrealty
Added: Nov 2
Changed: Nov 6
Last Checked: Nov 6 at 9:13AM
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 Equity Real Estate (NRE)
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Investment Insights
Based on property information with market context.
Built in 1993, this 3,846-square-foot fourplex contains four residences, each with two bedrooms, one bathroom, a kitchen, family room, dining area, and dedicated laundry space. Each unit has its own washer and dryer, gas and electric meters, and centralized air conditioning and furnace. Three of the four systems have been replaced within the past five years. The metal roof is two years old, and the exterior has recently been repainted. The asphalt parking area was seal-coated in October 2026.
Three units are occupied and one is vacant. The occupied homes include month-to-month tenancies and one lease extending to late 2027. Each residence has two covered parking stalls. Tenants pay gas, electricity, sewer, and trash; the owner pays the water bill. A grassy area behind the building provides shared outdoor space.
Utah Tech University is within a three-mile drive. Walmart, Costco, Red Cliffs Mall, and I-15 are also identified as nearby destinations.
Three units are occupied and one is vacant. The occupied homes include month-to-month tenancies and one lease extending to late 2027. Each residence has two covered parking stalls. Tenants pay gas, electricity, sewer, and trash; the owner pays the water bill. A grassy area behind the building provides shared outdoor space.
Utah Tech University is within a three-mile drive. Walmart, Costco, Red Cliffs Mall, and I-15 are also identified as nearby destinations.
Key Highlights
- Four units, each with 2 bedrooms and 1 bathroom
- 3,846 square feet; built in 1993
- Two covered parking stalls per unit
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.
How Realmo checks its estimates
Property Analytics
Lease Details
4
Residential units
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
727
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Quadplex - Each residence has its own laundry area, gas and electric meters, and separate heating and cooling equipment.
Where is this quadplex located?
The property is located at 2639 E 700 N Unit 1-4 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 units, each with 2 bedrooms and 1 bathroom; 3,846 square feet; built in 1993; Two covered parking stalls per unit
