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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 Size595 SF
Days on Market272

Property Features for 5120 E Grande Vermillion Ave

General Information

Standard status Pending
Size 595 SF
Property subtype Residential Income
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

Building Details

Buildings 1
Listing Agency: LRG Collective
Listed By: Shanell R Heely · License #SA698628000
Source: Exprealty
Added: Nov 23, 2025 Changed: Aug 20 Last Checked: Aug 21 at 2:06PM

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

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

Current Use

Apartment buildings

Suggested Use

Top Pick Storage Facility Restaurant Travel Agency Spa & Massage Center Bed & Breakfast Real Estate Agency

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

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 - 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
More about this property
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