Duplex with 1-Car
577-579 E Nichols Canyon Road Cedar City, UT 84721
New
577-579 E Nichols Canyon Road, Cedar City, UT, 84721
$479,900
For Sale
$479,900
MULTI_FAMILY - Cedar City, UT
Property Size2,234 SF
Lot Size0.33 Acres
Price / SF$214.82
Days on Market4
Property Features for 577-579 E Nichols Canyon Road
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 6
- Bathrooms
- 4
- Rooms
- Bathroom 2, Bedroom 5, Bathroom 4, Bathroom 3, Bedroom 4, Bedroom 3, Bedroom 6, Bedroom 1, Bathroom 1, Bedroom 2
- 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 Agency
ERA Realty Center
(435) 586-2777
259 W 200 N, CEDAR CITY, UT
Listed by
Jenny L Vossler
(435) 559-1260
Added: Jul 14 Checked: Jul 17 at 11:06 pm
MLS# 26-274151
Listing URL
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.
This duplex includes two residential units, each with 3 bedrooms and 2 bathrooms, plus an attached 1-car garage. The property was built in 2005 and sits on a lot of approximately 0.29 acres (as reported), with exterior features that include xeriscape landscaping and a fenced backyard. Recent improvements include vinyl plank flooring in the kitchens, bathrooms, and laundry areas, along with a refurbished roof.
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.
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 with each unit offering 3 bedrooms, 2 bathrooms, and 1,117 SF
- Zoned Central Commercial and currently has long‑term month‑to‑month tenants with no vacancy in over 3 years
- Each unit includes a 1‑car garage
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 |
2,234 SF · lease $13.80/SF/yr · vacancy 4.00% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$296.0K
$259.0K – $345.3K
NOI $20,717 @ 7.0% cap · market cap 4.32%
Second Best
Apartment 5plus
$263.4K
$230.5K – $307.3K
NOI $18,439 @ 7.0% cap · market cap 3.84%
Theoretical Best
Office A
$456.3K
$399.2K – $532.3K
NOI $31,938 @ 7.0% cap · market cap 6.66%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Duplex - Duplex offering two units with 3 bedrooms, 2 bathrooms, and 1-car garages, with updates including vinyl plank flooring.
Where is this duplex located?
The property is located at 577-579 E Nichols Canyon Road Cedar City, UT.
What is the asking price?
The asking price for this property is $479,900.
What are key features of this property?
This property features: Duplex built in 2005 with each unit offering 3 bedrooms, 2 bathrooms, and 1,117 SF; Zoned Central Commercial and currently has long‑term month‑to‑month tenants with no vacancy in over 3 years; Each unit includes a 1‑car garage
