Townhome-Style Apartment
For Sale
$1,375,000
535 W 2530 N #41-46, Cedar City, UT 84721
Recently built multifamily property with open layouts, private primary suites, and covered carport parking.
Property Size7,104 SF
Price / SF$193.55
Days on Market72
Property Features for 535 W 2530 N #41-46
General Information
Standard status
Active
Size
7,104 SF
Total Parking Spaces
12
Property subtype
Multi-Family
Units
Unit Mix
6 x 3BR/2BA
Multifamily Units
6
Parking per Unit
2
Additional Details
Highway Access
Yes
Building Details
Year Built
2025
Construction
townhomes
Listing Agency:
Element Real Estate Brokers LLC
Listed By:
Nathan Shaffer
(435) 200-1991
Source:
Buysalty
Added: Aug 6
Changed: Oct 3
Last Checked: Oct 7 at 5:30PM
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 Element Real Estate Brokers LLC
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.
This 7,104-square-foot apartment property was built in 2025 and features a townhome-style layout. Residences offer open living areas, kitchens with painted or stained cabinetry, quartz countertops, corner pantries, and main-level powder rooms. The upper level includes three bedrooms, two bathrooms, a laundry room, and a primary suite with a private bathroom and walk-in closet. Covered carport parking is also provided.
The property is located in Cedar City’s Cedar Breaks community at 535 W 2530 N #41-46, with access to I-15 nearby. Each unit is identified by its own parcel number, supporting separate parcel identification within the multifamily asset.
The property is located in Cedar City’s Cedar Breaks community at 535 W 2530 N #41-46, with access to I-15 nearby. Each unit is identified by its own parcel number, supporting separate parcel identification within the multifamily asset.
Key Highlights
- 7,104‑square‑foot apartment property built in 2025
- Townhome‑style layouts with three bedrooms and two bathrooms upstairs
- Quartz kitchen countertops, cabinetry, corner pantry, and open great room
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$58,636
Cap Rate
4.26%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,172,720
$1.2M
Cap Rate 7%
$837,657
$837.7K
Cap Rate 9%
$651,511
$651.5K
Market Conditions
NOI Build-Up for 7,104 SF
Gross rent
$110.8K $15.60/SF
− Vacancy
−$4.2K −$0.59/SF
EGI
$106.6K $15.01/SF
− OpEx
−$48.0K −$6.75/SF
NOI
$58.6K $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%
$1,172,720
Cap Rate 7%
$837,657
Cap Rate 9%
$651,511
Alternative Uses
Best Use
Apartment 5plus
$837.7K
$733.0K – $977.3K
NOI $58,636 @ 7.0% cap · market cap 4.26%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.45M
$1.27M – $1.69M
NOI $101,560 @ 7.0% cap · market cap 7.39%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
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 84721, UT
27,329
Population
9,638
Households
2.8
Avg Household Size
29
Median Age
29%
College-Educated
92%
High-School Grad
186.9 sq mi
ZIP Area
146
Density / Sq Mi
$73,342
Median Household Income
$30,662
Median Earnings
$1,076
Median Rent
$345,000
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - Recently built multifamily property with open layouts, private primary suites, and covered carport parking.
Where is this apartment building located?
The property is located at 535 W 2530 N #41-46 Cedar City, UT.
What is the asking price?
The asking price for this property is $1,375,000.
What are key features of this property?
This property features: 7,104‑square‑foot apartment property built in 2025; Townhome‑style layouts with three bedrooms and two bathrooms upstairs; Quartz kitchen countertops, cabinetry, corner pantry, and open great room
