Modern Multifamily Investment
For Sale
$4,298,000
266 N 590 E #Building 6, Vineyard, UT 84059
18-unit apartment community with resort-style amenities in Vineyard, Utah.
Property Size17,962 SF
Price / SF$239.22
Days on Market236
Property Features for 266 N 590 E #Building 6
General Information
Standard status
Active
Size
17,962 SF
Property subtype
Multi-Family
Amenities
Electric
Central Air
Metal
Building Details
Building Size
17,962 SF
Year Built
2017
Listing Agency:
Luxury Group
Listed By:
CHANTAL R DREW
(435) 922-5252
Source:
Kw
Added: Feb 20
Changed: Oct 13
Last Checked: Oct 12 at 5:12PM
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 Luxury Group
Investment Insights
Based on property information with market context.
This three-story apartment community, constructed in 2017, is located in Vineyard, Utah. The property contains 18 units with a mix of one- to three-bedroom residences. Each unit includes in-unit laundry, granite counters, stainless steel appliances, and private patios. Community amenities include a clubhouse, pool, 18-person hot tub, fitness center, sports courts, playground, BBQ stations, pet parks, and EV charging. The property is located near the Vineyard UTA FrontRunner station and is minutes from I-15, UVU, BYU, retail, restaurants, and entertainment. The property offers a resort-style lifestyle.
Key Highlights
- Resort‑style amenities including clubhouse, pool, hot tub, fitness center, and more.
- Located in Vineyard, one of Utah County's fastest‑growing markets.
- Built in 2017, offering modern construction.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$152,402
Cap Rate
3.55%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,048,040
$3.0M
Cap Rate 7%
$2,177,171
$2.2M
Cap Rate 9%
$1,693,356
$1.7M
Market Conditions
NOI Build-Up for 17,967 SF
Gross rent
$291.1K $16.20/SF
− Vacancy
−$14.0K −$0.78/SF
EGI
$277.1K $15.42/SF
− OpEx
−$124.7K −$6.94/SF
NOI
$152.4K $8.48/SF
Area
Utah County, UT
Vacancy
4.80%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,048,040
Cap Rate 7%
$2,177,171
Cap Rate 9%
$1,693,356
Alternative Uses
Best Use
Apartment 5plus
$2.18M
$1.91M – $2.54M
NOI $152,402 @ 7.0% cap · market cap 3.55%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.95M
$4.33M – $5.78M
NOI $346,691 @ 7.0% cap · market cap 8.07%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
628
Businesses Nearby
Explore this area
Business Placement
Demographics for 84059, UT
15,567
Population
5,325
Households
2.9
Avg Household Size
25
Median Age
49%
College-Educated
97%
High-School Grad
5.3 sq mi
ZIP Area
2,937
Density / Sq Mi
$101,842
Median Household Income
$41,489
Median Earnings
$1,799
Median Rent
$509,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - 18-unit apartment community with resort-style amenities in Vineyard, Utah.
Where is this apartment building located?
The property is located at 266 N 590 E #Building 6 Vineyard, UT.
What is the asking price?
The asking price for this property is $4,298,000.
What are key features of this property?
This property features: Resort‑style amenities including clubhouse, pool, hot tub, fitness center, and more.; Located in Vineyard, one of Utah County's fastest‑growing markets.; Built in 2017, offering modern construction.
