Duplex with Detached RV
For Sale
$485,000
591-593 E Nichols Canyon Road #+ RV Garage, Cedar City, UT 84721
Both residences include three bedrooms, two bathrooms, a one-car garage, and a covered outdoor area.
Property Size2,453 SF
Lot Size0.33 Acres
Price / SF$197.72
Days on Market112
Property Features for 591-593 E Nichols Canyon Road #+ RV Garage
General Information
Standard status
Active
Size
2,453 SF
Total Parking Spaces
1
Lot size
0.33 Acres
Property subtype
Multi Family Home
Zoning
Commercial
Units
Unit Mix
2 x 3BR/2BA
Multifamily Units
2
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$1,996
Amenities
xeriscape landscaping
fenced backyards
Building Details
Building Size
2,453 SF
Year Built
2007
Units
2
Listing Agency:
ERA Realty Center
(435) 586-2777
Listed By:
Jenny L Vossler · License #5464894-SA
(435) 559-1260
Source:
Hindihometeam
Added: Jul 14
Changed: Oct 25
Last Checked: Oct 29 at 10:06PM
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 ERA Realty Center
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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 duplex, completed in 2007, contains two residences, each with 3 bedrooms, 2 bathrooms, 1,226 square feet, a 1-car garage, and a 180-square-foot covered carport/patio area. A detached 20-by-28-foot RV garage with power adds separate vehicle or storage space. Interior updates include vinyl plank flooring in the kitchens, bathrooms, and laundry areas, and the roof has been refurbished.
The property occupies a 0.33-acre corner lot and is zoned Commercial. Fenced backyards and xeriscape landscaping are additional site features. Both units have long-term, month-to-month tenants. The combination of two separately configured residences and the powered detached garage defines the property’s layout and improvements.
The property occupies a 0.33-acre corner lot and is zoned Commercial. Fenced backyards and xeriscape landscaping are additional site features. Both units have long-term, month-to-month tenants. The combination of two separately configured residences and the powered detached garage defines the property’s layout and improvements.
Key Highlights
- Two residences, each with 3 bedrooms, 2 bathrooms, and 1,226 SF
- Detached 20'x28' RV garage with power
- Each unit has a 1‑car garage and 180 SF covered carport/patio area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,748
Cap Rate
4.69%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$454,960
$455.0K
Cap Rate 7%
$324,971
$325.0K
Cap Rate 9%
$252,756
$252.8K
Market Conditions
NOI Build-Up for 2,453 SF
Gross rent
$33.9K $13.80/SF
− Vacancy
−$1.4K −$0.55/SF
EGI
$32.5K $13.25/SF
− OpEx
−$9.7K −$3.97/SF
NOI
$22.7K $9.27/SF
Area
Iron County, UT
Vacancy
4.00%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$454,960
Cap Rate 7%
$324,971
Cap Rate 9%
$252,756
Alternative Uses
Best Use
Multifamily LT 5
$325.0K
$284.4K – $379.1K
NOI $22,748 @ 7.0% cap · market cap 4.69%
Second Best
Apartment 5plus
$289.2K
$253.1K – $337.5K
NOI $20,247 @ 7.0% cap · market cap 4.17%
Theoretical Best
Office A
$501.0K
$438.4K – $584.5K
NOI $35,068 @ 7.0% cap · market cap 7.23%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
236
Businesses Nearby
Explore this area
Business Placement
Demographics for 84721, UT
27,329
Population
9,638
Households
2.8
Avg Household Size
29
Median Age
29%
College-Educated
92%
High-School Grad
186.9 sq mi
ZIP Area
146
Density / Sq Mi
$73,342
Median Household Income
$30,662
Median Earnings
$1,076
Median Rent
$345,000
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Both residences include three bedrooms, two bathrooms, a one-car garage, and a covered outdoor area.
Where is this duplex located?
The property is located at 591-593 E Nichols Canyon Road #+ RV Garage Cedar City, UT.
What is the asking price?
The asking price for this property is $485,000.
What are key features of this property?
This property features: Two residences, each with 3 bedrooms, 2 bathrooms, and 1,226 SF; Detached 20'x28' RV garage with power; Each unit has a 1‑car garage and 180 SF covered carport/patio area
