577-593 E Nichols Canyon Rd Cedar City, UT 84721
MULTI_FAMILY - Cedar City, UT
Property Features for 577-593 E Nichols Canyon Rd
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Standard status
- Active
- APN
- B-1787-0005-0000
- Size
- 4,686 SF
- Lot size
- 0.62 Acres
Taxes and HOA fees
- Tax Annual Amount
- 1626
Utilities
- Heating system
- Natural Gas
- Cooling system
- Central Air
Building Details
- Year built
- 2005
- Floors in Building
- 1
- Number of units
- 4
- 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 Jan 26, 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 home sits on a corner lot and includes an additional detached garage measuring 20 by 28 feet, suitable for RV or other use, and it has power. The property is described as being near a new park, schools, shopping, and places of worship.
Tenants are reported as long-term and month-to-month. Rents are listed in the $150 to $200 per month range, with the current ownership group described as preferring reliable income. For an owner-operator or investor seeking a residential income property with multiple unit layouts, attached garages, and supplemental detached parking or storage options, this corner-lot quadplex is positioned to accommodate both daily living and added use for larger vehicles.
Key Highlights
- Duplexes built in 2005 with natural gas heating, central air, and an asphalt roof.
- Corner lot with 0‑scape landscaping and a fenced backyard.
- Each unit layout includes a primary suite plus 2 additional bedrooms and a bath.
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 | $64.7k | $13.80 |
| − Vacancy | −$2.6k | −$0.55 |
| EGI | $62.1k | $13.25 |
| − OpEx | −$18.6k | −$3.97 |
| NOI | $43.5k | $9.27 |
