Remodeled Duplex with
New
For Sale
$689,900
288 Diagonal St, St George, UT 84770
MultiFamily, St George, UT
Property Size2,110 SF
Lot Size0.35 Acres
Price / SF$326.97
Days on Market1
Property Features for 288 Diagonal St
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning description
Residential, Commercial
Elementary school
Legacy Elementary
Middle school
Dixie Middle
High school
Dixie High
Subdivision
Greater St. George
Standard status
Active
APN
ST-1690-A-2
Size
2,110 SF
Lot size
0.35 Acres
Taxes and HOA fees
Tax Annual Amount
2910
Utilities
Heating system
Heat Pump (Heating)
Cooling system
Heat Pump
Building Details
Year built
1957
Floors in Building
1
Number of units
2
Roof type
Tile
Listing Agency:
REALTY EXECUTIVES
(435) 628-1677
Listed By:
BRIAN D HILL
(435) 669-1759
Added: Sep 11
Last Checked: Sep 11 at 10:06PM
MLS# 26-276035
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.
Investment Insights
Based on property information with market context.
Located at 288 Diagonal St in St George, this duplex contains two separate residences within 2,110 square feet. The main home offers three bedrooms and two bathrooms. The additional dwelling includes a large family room or bedroom, spacious kitchen, full bathroom, stacking washer and dryer, covered carport, porch, and a large storage room. The ADU may also support select business uses or residential occupancy, as stated in the property information.
Built in 1957, the property features heat-pump heating and cooling and a tile roof. The ADU is occupied, while the front residence is vacant. The property is situated in downtown St George on a 0.35-acre parcel.
Built in 1957, the property features heat-pump heating and cooling and a tile roof. The ADU is occupied, while the front residence is vacant. The property is situated in downtown St George on a 0.35-acre parcel.
Key Highlights
- Two‑residence duplex configuration with a full ADU
- 2,110 square feet on a 0.35‑acre parcel
- Main home includes 3 bedrooms and 2 bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$25,390
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.68%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$507,800
$507.8K
Cap Rate 7%
$362,714
$362.7K
Cap Rate 9%
$282,111
$282.1K
Market Conditions
NOI Build-Up for 2,110 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$38.0K $18.00/SF
− Vacancy
−$1.7K −$0.81/SF
EGI
$36.3K $17.19/SF
− OpEx
−$10.9K −$5.16/SF
NOI
$25.4K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$507,800
Cap Rate 7%
$362,714
Cap Rate 9%
$282,111
Alternative Uses
Best Use
Multifamily LT 5
$362.7K
$317.4K – $423.2K
NOI $25,390 @ 7.0% cap · market cap 3.68%
Second Best
Apartment 5plus
$334.9K
$293.1K – $390.7K
NOI $23,444 @ 7.0% cap · market cap 3.40%
Theoretical Best
Specialty Retail
$581.0K
$508.4K – $677.9K
NOI $40,673 @ 7.0% cap · market cap 5.90%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,718
Businesses Nearby
Explore this area
Business Placement
Demographics for 84770, UT
44,505
Population
21,173
Households
2.1
Avg Household Size
36
Median Age
29%
College-Educated
93%
High-School Grad
72.1 sq mi
ZIP Area
617
Density / Sq Mi
$68,174
Median Household Income
$34,586
Median Earnings
$1,344
Median Rent
$407,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Duplex - Two residences include a three-bedroom main home and an ADU with a kitchen, covered carport, porch, and storage.
Where is this duplex located?
The property is located at 288 Diagonal St St George, UT.
What is the asking price?
The asking price for this property is $689,900.
What are key features of this property?
This property features: Two‑residence duplex configuration with a full ADU; 2,110 square feet on a 0.35‑acre parcel; Main home includes 3 bedrooms and 2 bathrooms
