577-579 E Nichols Canyon Road Cedar City, UT 84721
MULTI_FAMILY - Cedar City, UT
Property Features for 577-579 E Nichols Canyon Road
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 6
- Bathrooms
- 4
- Rooms
- Bedroom 1, Bedroom 4, Bedroom 2, Bathroom 4, Bathroom 2, Bathroom 3, Bathroom 1, Bedroom 5, Bedroom 3, Bedroom 6
- Standard status
- Active
- APN
- B-1787-0005-0000
- Size
- 2,234 SF
- Lot size
- 0.33 Acres
Taxes and HOA fees
- Tax Annual Amount
- 1758
Utilities
- Heating system
- Natural Gas
- Cooling system
- Central Air
Building Details
- Year built
- 2005
- Floors in Building
- 1
- Number of units
- 2
- Roof type
- Asphalt
Listing agent Jenny L Vossler (435) 559-1260
Listing office ERA Realty Center 259 W 200 N, CEDAR CITY, UT (435) 586-2777
Listing date Jul 14, 2026
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.
Investment Insights
Based on property information with market context.
The property is described as zoned Central Commercial and has long-term month-to-month tenants, with no vacancy reported in over 3 years. It is also noted to be close to parks, schools, shopping, and places of worship. An adjacent duplex with an RV garage is available, according to the remarks.
Each unit is reported to be approximately 1,117 square feet, for a total property size of 2,234 square feet (as reported). The current owner has focused on consistent rental income, with flexibility noted for new owners regarding potential rent adjustments.
Key Highlights
- Duplex built in 2005 on a .29‑acre lot with 2 units, each with 3 bedrooms and 2 bathrooms
- Each unit offers 1,117 SF and includes a 1‑car garage
- Current tenants are long‑term month‑to‑month with no vacancy in over 3 years
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $30.8k | $13.80 |
| − Vacancy | −$1.2k | −$0.55 |
| EGI | $29.6k | $13.25 |
| − OpEx | −$8.9k | −$3.97 |
| NOI | $20.7k | $9.27 |
