4-Unit Multifamily
For Sale
$1,575,000
519 E STEEPLECHASE Rd, Washington, UT 84780
MultiFamily, Washington, UT
Property Size5,864 SF
Lot Size0.03 Acres
Price / SF$268.59
Days on Market235
Property Features for 519 E STEEPLECHASE Rd
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning description
Residential
Bedrooms
12
Bathrooms
8
Full bathrooms
8
Rooms
Bedroom 9, Bathroom 1, Bedroom 8, Bedroom 2, Bathroom 8, Bedroom 5, Bedroom 7, Bedroom 4, Bathroom 2, Bathroom 6, Bathroom 3, Bedroom 10, Bedroom 11, Bedroom 3, Bathroom 5, Bathroom 4, Bathroom 7, Bedroom 1, Bedroom 6, Bedroom 12
Elementary school
Majestic Fields Elementary
High school
Crimson Cliffs High
Subdivision
Greater St. George
Standard status
Active
APN
W-MUS-1-3
Size
5,864 SF
Lot size
0.03 Acres
Taxes and HOA fees
Tax Annual Amount
1299
Utilities
Heating system
Electric (Heating), Heat Pump (Heating)
Cooling system
Central Air
Amenities
SS appliances
quartz countertops
private fenced yards
walk-in closets
Building Details
Year built
2022
Floors in Building
2
Number of units
4
Roof type
Tile
Listing Agency:
EQUITY REAL ESTATE (ST GEORGE)
(435) 215-1333
Listed By:
RICHARD C POTTER
(435) 862-6381
Added: Feb 23
Changed: Oct 15
Last Checked: Oct 16 at 11:06AM
MLS# 26-269605
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.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 2022, this 5,864-square-foot quadplex contains four leased units. Interior features include stainless steel appliances, quartz countertops, and walk-in closets; each residence also has a private fenced yard. Central air conditioning and electric heat pump systems serve the property, which has a tile roof.
The property is within the Crimson High School boundaries and near Wheeler Park, with access to SR-7 and the airport. Separate tax IDs are in place for each unit.
The property is within the Crimson High School boundaries and near Wheeler Park, with access to SR-7 and the airport. Separate tax IDs are in place for each unit.
Key Highlights
- Four‑unit property with all residences leased
- 5,864 square feet; built in 2022
- Separate tax ID for each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$70,562
Cap Rate
4.48%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,411,240
$1.4M
Cap Rate 7%
$1,008,029
$1.0M
Cap Rate 9%
$784,022
$784.0K
Market Conditions
NOI Build-Up for 5,864 SF
Gross rent
$105.6K $18.00/SF
− Vacancy
−$4.7K −$0.81/SF
EGI
$100.8K $17.19/SF
− OpEx
−$30.2K −$5.16/SF
NOI
$70.6K $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 Rate 5%
$1,411,240
Cap Rate 7%
$1,008,029
Cap Rate 9%
$784,022
Alternative Uses
Best Use
Multifamily LT 5
$1.01M
$882.0K – $1.18M
NOI $70,562 @ 7.0% cap · market cap 4.48%
Second Best
Apartment 5plus
$930.8K
$814.4K – $1.09M
NOI $65,155 @ 7.0% cap · market cap 4.14%
Theoretical Best
Specialty Retail
$1.61M
$1.41M – $1.88M
NOI $113,035 @ 7.0% cap · market cap 7.18%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
4
Residential units
100%
Occupancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
84
Businesses Nearby
Explore this area
Business Placement
Demographics for 84780, UT
28,025
Population
12,922
Households
2.2
Avg Household Size
36
Median Age
35%
College-Educated
94%
High-School Grad
61.8 sq mi
ZIP Area
453
Density / Sq Mi
$94,103
Median Household Income
$42,098
Median Earnings
$1,581
Median Rent
$511,700
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
Frequently Asked Questions
What type of property is this?
Quadplex - Four leased residences offer fenced private yards, quartz counters, stainless steel appliances, and walk-in closets.
Where is this quadplex located?
The property is located at 519 E STEEPLECHASE Rd Washington, UT.
What is the asking price?
The asking price for this property is $1,575,000.
What are key features of this property?
This property features: Four‑unit property with all residences leased; 5,864 square feet; built in 2022; Separate tax ID for each unit
