Four-Unit Townhome
New
For Sale
$1,530,000
525 E STEEPLECHASE Rd, Washington, UT 84780
Residential, Washington, UT
Property Size5,864 SF
Lot Size0.03 Acres
Price / SF$260.91
Days on Market3
Property Features for 525 E STEEPLECHASE Rd
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Zoning
Single-Family
Bedrooms
12
Bathrooms
10
Full bathrooms
10
Rooms
Bedroom 9, Bathroom 2, Bathroom 4, Bathroom 6, Bedroom 7, Bedroom 1, Bathroom 8, Bedroom 5, Bathroom 5, Bathroom 7, Bedroom 11, Bathroom 10, Bathroom 3, Bedroom 12, Bedroom 3, Bathroom 1, Bathroom 9, Bedroom 4, Bedroom 10, Bedroom 8, Bedroom 2, Bedroom 6
Parking
8
Subdivision
MUSTANG VALLEY TOWNHOMES PH 1
Elementary school
Majestic Fields
Middle school
Crimson Cliffs Middle
Elementary school district
Washington
Middle school district
Washington
High school district
Washington
Standard status
Active
APN
W-MUS-1-3
Size
5,864 SF
Lot size
0.03 Acres
Taxes and HOA fees
Tax Annual Amount
4896
HOA Fee
$440 Monthly
Utilities
Sewer type
Public Sewer
Heating system
Heat Pump (Heating)
Amenities
SS appliances
quartz countertops
private fenced yards
walk-in closets
water softeners
refrigerators
washers
dryers
Building Details
Year built
2022
Floors in Building
2
Number of units
4
Building materials
Stucco
Roof type
Tile
Architectural style
Other
Listing Agency:
Equity Real Estate (St Geo)
(435) 215-1333
Listed By:
Richard Potter
(800) 785-9995
Added: Oct 22
Changed: Oct 23
Last Checked: Oct 24 at 6:06AM
MLS# 2192700
Copyright © 2026 UtahRealEstate.com. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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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 units on a 0.03-acre lot. Features include stainless steel appliances, quartz countertops, walk-in closets, and private fenced yards. Water softeners, refrigerators, washers, and dryers are included. The property has stucco construction, a tile roof, heat pump heating, and public sewer service. Each unit has a separate tax ID, and zoning is listed as Single-Family.
The property offers a view to the north, access to SR-7 and the airport, and proximity to Wheeler Park. It is within the Crimson High School boundaries. All four units are leased.
The property offers a view to the north, access to SR-7 and the airport, and proximity to Wheeler Park. It is within the Crimson High School boundaries. All four units are leased.
Key Highlights
- Four townhome units; all are leased
- Built in 2022 with 5,864 square feet on 0.03 acres
- Separate tax ID for 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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Open Analytics
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Quadplex - All residences are leased and feature private fenced yards, walk-in closets, and included washers and dryers.
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 units; all are leased; Built in 2022 with 5,864 square feet on 0.03 acres; Separate tax ID for each unit
