6-Unit Townhome Apartment
535 W 2530 N, Cedar City, UT 84720
For Sale
$1,429,000
MultiFamily, Cedar City, UT
Property Size7,212 SF
Lot Size0.05 Acres
Price / SF$198.14
Days on Market94
Property Features for 535 W 2530 N
General Information
Property type
Property subtype
Zoning description
Bedrooms
Bathrooms
Full bathrooms
Rooms
Elementary school
Middle school
High school
Subdivision
Standard status
APN
Size
Lot size
Utilities
Heating system
Cooling system
Building Details
Year built
Floors in Building
Number of units
Roof type
Listing Agency:
ELEMENT REAL ESTATE BROKERS LLC
(435) 200-1991
Listed By:
Nathan Shaffer · License UT 10034969-PB
(435) 525-0079
Added: Aug 14
Changed: Nov 2
Last Checked: Nov 15 at 1:06AM
MLS# 26-275192
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.
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Investment Insights
Based on property information with market context.
This six-unit apartment property is under construction, with completion scheduled for 2027. The 7,212-square-foot project comprises townhome residences, each assigned a separate parcel number. Planned interiors feature open layouts, kitchens with quartz countertops and a corner pantry, and a main-level half bath. Each home is also planned to have an enclosed backyard and two covered carport spaces. Natural gas heating and central air are listed for the property.
The site at 535 W 2530 N in Cedar City offers access to I-15. Asphalt roofing is specified for the construction.
The site at 535 W 2530 N in Cedar City offers access to I-15. Asphalt roofing is specified for the construction.
Key Highlights
- Six townhome units, each with its own parcel number
- 7,212 square feet across the property
- Construction scheduled for 2027
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$59,528
Cap Rate
4.17%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,190,560
$1.2M
Cap Rate 7%
$850,400
$850.4K
Cap Rate 9%
$661,422
$661.4K
Market Conditions
NOI Build-Up for 7,212 SF
Gross rent
$112.5K $15.60/SF
− Vacancy
−$4.3K −$0.59/SF
EGI
$108.2K $15.01/SF
− OpEx
−$48.7K −$6.75/SF
NOI
$59.5K $8.25/SF
Area
Iron County, UT
Vacancy
3.80%
Lease Rate
$15.60 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,190,560
Cap Rate 7%
$850,400
Cap Rate 9%
$661,422
Alternative Uses
Best Use
Apartment 5plus
$850.4K
$744.1K – $992.1K
NOI $59,528 @ 7.0% cap · market cap 4.17%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.47M
$1.29M – $1.72M
NOI $103,104 @ 7.0% cap · market cap 7.22%
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
6
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
77
Businesses Nearby
Explore this area
Business Placement
Demographics for 84720, UT
23,607
Population
8,984
Households
2.6
Avg Household Size
28
Median Age
35%
College-Educated
95%
High-School Grad
341.5 sq mi
ZIP Area
69
Density / Sq Mi
$63,742
Median Household Income
$29,979
Median Earnings
$932
Median Rent
$357,400
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - Each residence is planned with two covered carport spaces and a private enclosed backyard.
Where is this apartment building located?
The property is located at 535 W 2530 N Cedar City, UT.
What is the asking price?
The asking price for this property is $1,429,000.
What are key features of this property?
This property features: Six townhome units, each with its own parcel number; 7,212 square feet across the property; Construction scheduled for 2027
