Turnkey Duplex Income
For Sale
$625,333
409 S 940 W, Cedar City, UT 84720
Turnkey 5-bed duplex with two kitchens, separate entrances, and two two-car garages.
Property Size2,782 SF
Price / SF$224.78
Days on Market12
Property Features for 409 S 940 W
General Information
Standard status
Active
Size
2,782 SF
Property subtype
Duplex
Building Details
Year Built
1993
Listing Agency:
Equity Real Estate (Buckley)
(801) 913-9930
Listed By:
Tiffini Vance
(801) 913-9930
Source:
Liftrealty
Added: Jul 21
Changed: Jul 24
Last Checked: Jul 31 at 5:59AM
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 Equity Real Estate (Buckley)
Investment Insights
Based on property information with market context.
This turnkey duplex is configured as a 5-bedroom, 4-bath property with two kitchens and separate entrances. The home includes two two-car garages and has granite finishes, along with new carpet and tile. Additional conveniences include a tankless water heater, plus a low-maintenance yard.
The offering is described as being approximately 0.4 miles from SUU. The sale includes beds and washer/dryer, as well as items associated with an existing rental setup. The current rental potential is stated as $42,740+.
Square footage is provided as a courtesy estimate only, with buyers advised to confirm measurements independently.
The offering is described as being approximately 0.4 miles from SUU. The sale includes beds and washer/dryer, as well as items associated with an existing rental setup. The current rental potential is stated as $42,740+.
Square footage is provided as a courtesy estimate only, with buyers advised to confirm measurements independently.
Key Highlights
- Turnkey 5‑bed, 4‑bath duplex built in 1993, just 0.4 miles from SUU
- Two kitchens with separate entrances—designed for dual living or rental setups
- Includes 2 two‑car garages, plus summer garage/storage
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $38.4k | $13.80 |
| − Vacancy | −$1.5k | −$0.55 |
| EGI | $36.9k | $13.25 |
| − OpEx | −$11.1k | −$3.97 |
| NOI | $25.8k | $9.27 |
2,782 SF · lease $13.80/SF/yr · vacancy 4.00% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$368.6K
$322.5K – $430.0K
NOI $25,799 @ 7.0% cap · market cap 4.13%
Second Best
Apartment 5plus
$328.0K
$287.0K – $382.7K
NOI $22,963 @ 7.0% cap · market cap 3.67%
Theoretical Best
Office A
$568.2K
$497.2K – $662.9K
NOI $39,772 @ 7.0% cap · market cap 6.36%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
585
Businesses Nearby
Explore this area
Business Placement
Demographics for 84720, UT
23,607
Population
8,984
Households
2.6
Avg Household Size
28
Median Age
35%
College-Educated
95%
High-School Grad
341.5 sq mi
ZIP Area
69
Density / Sq Mi
$63,742
Median Household Income
$29,979
Median Earnings
$932
Median Rent
$357,400
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Turnkey 5-bed duplex with two kitchens, separate entrances, and two two-car garages.
Where is this duplex located?
The property is located at 409 S 940 W Cedar City, UT.
What is the asking price?
The asking price for this property is $625,333.
What are key features of this property?
This property features: Turnkey 5‑bed, 4‑bath duplex built in 1993, just 0.4 miles from SUU; Two kitchens with separate entrances—designed for dual living or rental setups; Includes 2 two‑car garages, plus summer garage/storage
