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New Construction 8-Unit Apartment Building
For Sale
$1,600,000
Pending

5120 E Grande Vermillion Ave, Kanab, UT 84741

Fully leased multifamily property with modern interiors, individual HVAC systems, and complete appliance packages in every residence.

Property Size6,825 SF
Days on Market322

Property Features for 5120 E Grande Vermillion Ave

General Information

Standard status Pending
Size 6,825 SF
Property subtype Residential Income
Zoning Multi-Family, Commercial
Occupancy 100%

Units

Unit Mix 2 x 3BR/2BA, 3 x 2BR/1BA, 3 x 1BR/1BA
Multifamily Units 8

Taxes and HOA fees

Annual Taxes $1.00

Amenities

Central Air, Heat Pump
Electric, Heat Pump

Building Details

Building Size 6,825 SF
Year Built 2025
Buildings 1
Stories 1
Listing Agency: LRG Collective
Listed By: Shanell R Heely · License #11345520-AB00
Source: Evrealestate
Added: Nov 28, 2025 Changed: Oct 1 Last Checked: Oct 14 at 11:17PM

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 LRG Collective

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Investment Insights

Based on property information with market context.

This newly constructed apartment property contains 8 units and is fully leased. The unit mix includes two 3-bedroom, 2-bath residences, three 2-bedroom, 1-bath residences, and three 1-bedroom, 1-bath residences. Each home is all-electric and includes a washer, dryer, refrigerator, range, microwave, garbage disposal, and individual HVAC system.

Interior specifications include quartz countertops, soft-close cabinetry, and LVP flooring throughout the residences. The property is located at 5120 E Grande Vermillion Ave in Kanab, Utah.

Key Highlights

  • 8‑unit newly constructed apartment property
  • Fully leased multifamily asset
  • Unit mix includes two 3‑bedroom, 2‑bath units; three 2‑bedroom, 1‑bath units; and three 1‑bedroom, 1‑bath units

Property Analytics

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Current Use

Apartment buildings

Suggested Use

Top Pick Restaurant Real Estate Agency Bed & Breakfast

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

8
Residential units
100%
Occupancy

Location Intelligence

Trade Area within ½ mile

17
Businesses Nearby

Demographics for 84741, UT

6,034
Population
3,094
Households
2
Avg Household Size
45
Median Age
32%
College-Educated
95%
High-School Grad
1,351.2 sq mi
ZIP Area
4
Density / Sq Mi
$75,951
Median Household Income
$39,263
Median Earnings
$1,127
Median Rent
$358,500
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025

Frequently Asked Questions

What type of property is this?
Apartment building - Fully leased multifamily property with modern interiors, individual HVAC systems, and complete appliance packages in every residence.
Where is this apartment building located?
The property is located at 5120 E Grande Vermillion Ave Kanab, UT.
What is the asking price?
The asking price for this property is $1,600,000.
What are key features of this property?
This property features: 8‑unit newly constructed apartment property; Fully leased multifamily asset; Unit mix includes two 3‑bedroom, 2‑bath units; three 2‑bedroom, 1‑bath units; and three 1‑bedroom, 1‑bath units
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