18-Unit Apartment
266 N 590 E, Vineyard, UT 84059
For Sale
$4,298,000
Under Contract
MultiFamily, Vineyard, UT
Property Size17,962 SF
Lot Size0.16 Acres
Price / SF$239.28
Days on Market266
Property Features for 266 N 590 E
General Information
Property type
Property subtype
Zoning description
Bedrooms
Bathrooms
Full bathrooms
Rooms
Elementary school
High school
Subdivision
Standard status
APN
Size
Lot size
Taxes and HOA fees
Tax Annual Amount
Utilities
Heating system
Cooling system
Amenities
granite countertops
stainless steel appliances
in-unit laundry
walk-in closets
private patios
clubhouse
pool
hot tub
fitness center
playground
sport court
BBQ areas
pet park
EV charging
Building Details
Year built
Floors in Building
Number of units
Roof type
Listing Agency:
Luxury Group
(435) 313-6657
Listed By:
CHANTAL R DREW
(435) 922-5252
Added: Feb 19
Changed: Oct 8
Last Checked: Nov 11 at 11:06AM
MLS# 26-269550
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.
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Investment Insights
Based on property information with market context.
Completed in 2017, this 18-unit apartment building contains 17,962 square feet and offers a mix of three-, two-, and one-bedroom residences. Unit features include granite countertops, stainless steel appliances, in-unit laundry, walk-in closets, and private patios. The property is served by electric heating and central air, with a metal roof.
Resident amenities include a clubhouse, swimming pool, 18-person hot tub, fitness center, playground, sport court, BBQ areas, pet parks, and EV charging. The property is near the Vineyard FrontRunner station, I-15, Utah Valley University, Brigham Young University, shopping, and dining. Average occupancy is 94%.
Resident amenities include a clubhouse, swimming pool, 18-person hot tub, fitness center, playground, sport court, BBQ areas, pet parks, and EV charging. The property is near the Vineyard FrontRunner station, I-15, Utah Valley University, Brigham Young University, shopping, and dining. Average occupancy is 94%.
Key Highlights
- 18‑unit apartment building totaling 17,962 square feet
- Built in 2017 with a mix of 3-, 2-, and 1‑bedroom units
- Granite countertops, stainless steel appliances, in‑unit laundry, walk‑in closets, and private patios
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$152,359
Cap Rate
3.54%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,047,180
$3.0M
Cap Rate 7%
$2,176,557
$2.2M
Cap Rate 9%
$1,692,878
$1.7M
Market Conditions
NOI Build-Up for 17,962 SF
Gross rent
$291.0K $16.20/SF
− Vacancy
−$14.0K −$0.78/SF
EGI
$277.0K $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%
$3,047,180
Cap Rate 7%
$2,176,557
Cap Rate 9%
$1,692,878
Alternative Uses
Best Use
Apartment 5plus
$2.18M
$1.90M – $2.54M
NOI $152,359 @ 7.0% cap · market cap 3.54%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.95M
$4.33M – $5.78M
NOI $346,595 @ 7.0% cap · market cap 8.06%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
18
Residential units
94%
Occupancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
126
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
$509,900
Median Home Value
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Market
Average Price Trend$/SF for Apartment buildings in Utah County, UT
Properties on Market for Apartment buildings in Utah County
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - Modern apartment community with varied floor plans, private patios, resident amenities, and convenient regional access.
Where is this apartment building located?
The property is located at 266 N 590 E 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: 18‑unit apartment building totaling 17,962 square feet; Built in 2017 with a mix of 3-, 2-, and 1‑bedroom units; Granite countertops, stainless steel appliances, in‑unit laundry, walk‑in closets, and private patios
