18-Unit Apartment Building with
For Sale
$4,295,000
279 N 670 E Unit 1, Vineyard, UT 84059
A 2017-built property pairs varied bedroom layouts with shared recreation and fitness amenities.
Property Size3 SF
Price / SF$239.12
Days on Market13
Property Features for 279 N 670 E Unit 1
General Information
Standard status
Active
Size
3 SF
Class
Class A
Property subtype
> 4 Units
Site & Location
Highway Access
Yes
Public Transit
Yes
Additional Details
Multifamily Units
18
Amenities
granite countertops
walk in closets
full size refrigerators
stainless stell appliances
in unit laundry
private patios
large modern clubhouse
18 person hot tub
fitness center
Pet parks
BBQ area
Playground
sports courts
EV charging
Building Details
Building Size
3 SF
Year Built
2017
Buildings
1
Construction
Modern
Listing Agency:
Real Broker, LLC
Listed By:
Cindy Mellor
(801) 918-7246
Source:
Liftrealty
Added: Oct 8
Changed: Oct 20
Last Checked: Oct 19 at 8:31AM
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 Real Broker, LLC
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Investment Insights
Based on property information with market context.
Built in 2017, the 18-unit apartment building offers one-, two- and three-bedroom layouts. Apartment features include granite countertops, walk-in closets, full-size refrigerators, stainless steel appliances, in-unit laundry and private patios. Shared amenities include a clubhouse, fitness center, 18-person hot tub, pet parks, barbecue area, playground, sports courts and EV charging.
The property is in Vineyard, near I-15, UVU, BYU, the FrontRunner station, shopping and dining.
The property is in Vineyard, near I-15, UVU, BYU, the FrontRunner station, shopping and dining.
Key Highlights
- 18‑unit apartment building constructed in 2017
- One-, two- and three‑bedroom apartment layouts
- Private patios, in‑unit laundry and stainless steel appliances
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$152,359
Cap Rate
3.55%
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 3.55%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.95M
$4.33M – $5.78M
NOI $346,595 @ 7.0% cap · market cap 8.07%
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
Yes
Highway access
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
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - A 2017-built property pairs varied bedroom layouts with shared recreation and fitness amenities.
Where is this apartment building located?
The property is located at 279 N 670 E Unit 1 Vineyard, UT.
What is the asking price?
The asking price for this property is $4,295,000.
What are key features of this property?
This property features: 18‑unit apartment building constructed in 2017; One-, two- and three‑bedroom apartment layouts; Private patios, in‑unit laundry and stainless steel appliances
