Three-Bedroom Duplex
591-593 E Nichols Canyon Road Cedar City, UT 84721
New
591-593 E Nichols Canyon Road, Cedar City, UT, 84721
$509,900
For Sale
$509,900
MULTI_FAMILY - Cedar City, UT
Property Size2,453 SF
Lot Size0.33 Acres
Price / SF$207.87
Days on Market4
Property Features for 591-593 E Nichols Canyon Road
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 6
- Bathrooms
- 4
- Rooms
- Bathroom 4, Bathroom 1, Bedroom 1, Bedroom 4, Bedroom 6, Bedroom 3, Bathroom 2, Bedroom 5, Bedroom 2, Bathroom 3
- Standard status
- Active
- APN
- B-1787-0006-0000
- Size
- 2,453 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
- 2007
- 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# 26-274152
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 for-sale duplex offers two residential units, each with 3 bedrooms and 2 bathrooms. The property includes a 1-car garage for each unit, plus an additional covered carport/patio area listed at approximately 180 square feet per unit. Built in 2007 on a 0.33-acre corner lot, the duplex also features xeriscape landscaping and fenced backyards. A detached 20' x 28' RV garage with power provides additional storage or potential income flexibility.
Recent updates noted in the listing include refurbished roof and vinyl plank flooring in the kitchens, bathrooms, and laundry areas.
The listing also indicates the duplex is zoned Central Commercial and is currently occupied by long-term, month-to-month tenants.
Recent updates noted in the listing include refurbished roof and vinyl plank flooring in the kitchens, bathrooms, and laundry areas.
The listing also indicates the duplex is zoned Central Commercial and is currently occupied by long-term, month-to-month tenants.
Key Highlights
- Duplex built in 2007 on a .33‑acre corner lot with xeriscape landscaping and fenced backyards
- Zoned Central Commercial; each unit has 3 bedrooms, 2 baths, and 1,226 SF
- Each unit includes natural gas heating, central air, and a 1‑car garage plus an additional 180 SF covered carport/patio area
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 | $33.9k | $13.80 |
| − Vacancy | −$1.4k | −$0.55 |
| EGI | $32.5k | $13.25 |
| − OpEx | −$9.7k | −$3.97 |
| NOI | $22.7k | $9.27 |
2,453 SF · lease $13.80/SF/yr · vacancy 4.00% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$325.0K
$284.4K – $379.1K
NOI $22,748 @ 7.0% cap · market cap 4.46%
Second Best
Apartment 5plus
$289.2K
$253.1K – $337.5K
NOI $20,247 @ 7.0% cap · market cap 3.97%
Theoretical Best
Office A
$501.0K
$438.4K – $584.5K
NOI $35,068 @ 7.0% cap · market cap 6.88%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Duplex on a corner lot with two 3-bedroom, 2-bath units and detached RV garage with power.
Where is this duplex located?
The property is located at 591-593 E Nichols Canyon Road Cedar City, UT.
What is the asking price?
The asking price for this property is $509,900.
What are key features of this property?
This property features: Duplex built in 2007 on a .33‑acre corner lot with xeriscape landscaping and fenced backyards; Zoned Central Commercial; each unit has 3 bedrooms, 2 baths, and 1,226 SF; Each unit includes natural gas heating, central air, and a 1‑car garage plus an additional 180 SF covered carport/patio area
