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16-Unit Apartment Building Near Bear Lake
For Sale
$9,120,000

35 E 150 S, Garden City, UT 84028

Residential, Garden City, UT

Property Size26,480 SF
Lot Size1.87 Acres
Price / SF$344.41
Days on Market503

Property Features for 35 E 150 S

General Information

Property type Residential Multi Family
Property subtype Other
Zoning Single-Family, Multi-Fami
Zoning description RES
Bedrooms 48
Bathrooms 48
Full bathrooms 48
Rooms Bathroom 48, Bedroom 27, Bathroom 30, Bedroom 15, Bathroom 28, Bedroom 18, Bathroom 45, Bedroom 31, Bathroom 25, Bathroom 9, Bedroom 7, Bathroom 38, Bedroom 37, Bedroom 48, Bathroom 44, Bedroom 25, Bedroom 40, Bathroom 36, Bedroom 28, Bedroom 2, Bathroom 3, Bathroom 5, Bedroom 14, Bedroom 44, Bathroom 39, Bathroom 11, Bedroom 8, Bedroom 41, Bedroom 34, Bedroom 23, Bedroom 38, Bedroom 22, Bathroom 34, Bathroom 37, Bedroom 47, Bathroom 19, Bedroom 36, Bathroom 10, Bathroom 1, Bathroom 2, Bedroom 16, Bedroom 35, Bathroom 16, Bedroom 4, Bedroom 33, Bedroom 21, Bedroom 5, Bathroom 22, Bedroom 43, Bedroom 30, Bathroom 29, Bathroom 35, Bathroom 18, Bedroom 39, Bedroom 45, Bathroom 8, Bathroom 14, Bathroom 27, Bathroom 33, Bathroom 47, Bathroom 26, Bathroom 46, Bathroom 17, Bathroom 32, Bathroom 23, Bedroom 19, Bedroom 24, Bedroom 1, Bathroom 24, Bathroom 7, Bathroom 41, Bedroom 17, Bedroom 9, Bathroom 21, Bedroom 32, Bedroom 13, Bedroom 29, Bathroom 12, Bathroom 6, Bedroom 3, Bedroom 20, Bathroom 4, Bedroom 12, Bathroom 13, Bathroom 40, Bedroom 42, Bathroom 43, Bedroom 11, Bedroom 26, Bedroom 6, Bathroom 20, Bedroom 46, Bathroom 31, Bedroom 10, Bathroom 15, Bathroom 42
Parking 32
Parking features Covered
Patio and Porch features Deck
Interior features Bar: Wet, Bath: Primary, Disposal, Dishwasher: Built-In
Exterior features Deck; Covered, Double Pane Windows, Secured Building, Sliding Glass Doors
Accessibility Accessible Elevator Installed
Subdivision WATERS EDGE
Lot features Curb & Gutter, Fenced: Part, Road: Paved, Sidewalks, Sprinkler: Auto- Full, Terrain: Grad Slope, View: Lake, View: Mountain, Drip Irrigation: Auto- Full
View Lake
Elementary school North Rich
Middle school Rich
High school Rich
Elementary school district Rich
Middle school district Rich
High school district Rich
Standard status Active
APN 41-21-403-0101
Size 26,480 SF
Lot size 1.87 Acres

Taxes and HOA fees

Tax Annual Amount 21472
HOA Fee $200 Annually

Utilities

Sewer type Public Sewer
Heating system Forced Air

Building Details

Year built 2025
Number of units 16
Flooring type Tile, Carpet
Building materials Stone, Stucco
Roof type Asphalt, Membrane
Architectural style Other
Listing Agency: Berkshire Hathaway HomeServices Elite Real Estate
Listed By: Matthew Garlick · License #8841755
Added: May 22, 2025 Changed: Oct 1 Last Checked: Oct 6 at 9:06AM
MLS# 2086827

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Investment Insights

Based on property information with market context.

This 16-unit apartment development encompasses 26,480 square feet on 1.87 acres, with an estimated completion in August. Each residence is identified as a 3-bedroom, 3-bathroom unit measuring 1,655 square feet. Interior features include open-concept living areas, fireplaces, wet bars, built-in dishwashers, tile and carpet flooring, and forced-air heating. Covered decks, double-pane windows, sliding glass doors, secured building access, and an accessible elevator are also planned or provided features.

The property is located at 35 E 150 S in Garden City, within walking distance of Bear Lake, restaurants, and shopping. Short-term rental use is approved, and the zoning information identifies single-family and multifamily classifications. Public sewer service and covered parking are included among the recorded property features.

Key Highlights

  • 16‑unit apartment development on 1.87 acres
  • 26,480 square feet of total property size
  • Each unit includes 3 bedrooms, 3 bathrooms, and 1,655 square feet

Property Analytics

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Current Use

Short term rental ...

Lease Details

16
Residential units

Location Intelligence

Trade Area within ½ mile

230
Businesses Nearby

Demographics for 84028, UT

955
Population
2,182
Households
0.4
Avg Household Size
42
Median Age
27%
College-Educated
87%
High-School Grad
48.9 sq mi
ZIP Area
20
Density / Sq Mi
$41,964
Median Household Income
$27,850
Median Earnings
$813
Median Rent
$527,300
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

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Short-term rental approval, covered parking, and three-bedroom residences support flexible use near Bear Lake.
Where is this apartment building located?
The property is located at 35 E 150 S Garden City, UT.
What is the asking price?
The asking price for this property is $9,120,000.
What are key features of this property?
This property features: 16‑unit apartment development on 1.87 acres; 26,480 square feet of total property size; Each unit includes 3 bedrooms, 3 bathrooms, and 1,655 square feet
More about this property
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