Six-Unit Townhome Apartment
535 W 2530 N #Units 23-28, Cedar City, UT 84720
For Sale
$1,429,000
Built in 2025, the property combines individual parcel identification with private outdoor areas and covered vehicle parking.
Property Size7,212 SF
Price / SF$198.14
Days on Market92
Property Features for 535 W 2530 N #Units 23-28
General Information
Standard status
Size
Property subtype
Units
Multifamily Units
Parking per Unit
Additional Details
Highway Access
Amenities
enclosed backyards
Building Details
Year Built
Listing Agency:
ELEMENT REAL ESTATE BROKERS LLC
Listed By:
Nathan Shaffer
(435) 525-0079
Source:
Utahrealestate
Added: Aug 16
Changed: Nov 5
Last Checked: Nov 12 at 4:49AM
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
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 6-unit apartment property consists of townhome-style residences totaling 7,212 square feet. Each unit is separately identified by its own Parcel # and includes two covered carport spaces, an enclosed backyard, and an open-plan interior. Residential features include a kitchen with painted or stained cabinetry, quartz countertops, a corner pantry, and a great room. A powder bathroom is located on the main level of each residence.
The property is within the Cedar Breaks community at 535 W 2530 N, Cedar City, Utah, and offers access to I-15. Constructed in 2025, the six-unit configuration combines multifamily housing with separately parcelized units.
The property is within the Cedar Breaks community at 535 W 2530 N, Cedar City, Utah, and offers access to I-15. Constructed in 2025, the six-unit configuration combines multifamily housing with separately parcelized units.
Key Highlights
- Six apartment units totaling 7,212 square feet
- Each unit has its own Parcel #
- Two covered carport spaces provided per unit
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
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
Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - Built in 2025, the property combines individual parcel identification with private outdoor areas and covered vehicle parking.
Where is this apartment building located?
The property is located at 535 W 2530 N #Units 23-28 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 apartment units totaling 7,212 square feet; Each unit has its own Parcel #; Two covered carport spaces provided per unit
