4-Unit Townhome
New
For Sale
$1,530,000
525 E STEEPLECHASE RD, Washington, UT 84780
All four residences are leased and feature private fenced yards and walk-in closets.
Property Size2 SF
Price / SF$260.91
Days on Market7
Property Features for 525 E STEEPLECHASE RD
General Information
Standard status
Active
Size
2 SF
Property subtype
Quadruplex
Occupancy
100%
Additional Details
Highway Access
Yes
Multifamily Units
4
Tenant in Place
Yes
Building Details
Building Size
2 SF
Year Built
2022
Listing Agency:
Equity Real Estate (St Geo)
(435) 215-1333
Listed By:
Richard Potter
(800) 785-9995
Source:
Liftrealty
Added: Oct 22
Changed: Oct 27
Last Checked: Oct 26 at 2:49PM
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 (St Geo)
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Investment Insights
Based on property information with market context.
Built in 2022, this 5,864-square-foot quadplex comprises four townhome-style residences, each with a separate tax ID. Interior features include stainless steel appliances, quartz countertops, and walk-in closets; water softeners, refrigerators, washers, and dryers are included. Each residence also has a private fenced yard, and all units are leased.
The property is within the Southern Utah-Crimson High school boundaries, with access to SR-7 and the airport. Wheeler Park is nearby, and the property has a northern view.
The property is within the Southern Utah-Crimson High school boundaries, with access to SR-7 and the airport. Wheeler Park is nearby, and the property has a northern view.
Key Highlights
- Four townhome‑style units; all are leased
- 5,864 square feet; built in 2022
- A separate tax ID is assigned to each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$70,562
Cap Rate
4.61%
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 4.61%
Second Best
Apartment 5plus
$930.8K
$814.4K – $1.09M
NOI $65,155 @ 7.0% cap · market cap 4.26%
Theoretical Best
Specialty Retail
$1.61M
$1.41M – $1.88M
NOI $113,035 @ 7.0% cap · market cap 7.39%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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See the owner, sales and loan history
Open Analytics
Lease Details
4
Residential units
100%
Occupancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
9
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Quadplex - All four residences are leased and feature private fenced yards and walk-in closets.
Where is this quadplex located?
The property is located at 525 E STEEPLECHASE RD Washington, UT.
What is the asking price?
The asking price for this property is $1,530,000.
What are key features of this property?
This property features: Four townhome‑style units; all are leased; 5,864 square feet; built in 2022; A separate tax ID is assigned to each unit
