Duplex With Detached RV
For Sale
$485,000
591593 591-593 E Nichols Canyon Road + Rv Garage, Cedar City, UT 84721
Two three-bedroom units include garages, covered outdoor areas, fenced yards, and Central Commercial zoning.
Property Size2,453 SF
Lot Size0.33 Acres
Price / SF$197.72
Days on Market36
Property Features for 591593 591-593 E Nichols Canyon Road + Rv Garage
General Information
Standard status
Active
Size
2,453 SF
Lot size
0.33 Acres
Property subtype
Multi-Family
Zoning
Central Commercial
Units
Unit Mix
2 x 3BR/2BA
Multifamily Units
2
Amenities
xeriscape landscaping
fenced backyards
covered carport/patio
Building Details
Year Built
2007
Listing Agency:
ERA Realty Center
Listed By:
Jenny L Vossler · License #5464894-SA
(435) 559-1260
Source:
Utahluxuryhometeam
Added: Sep 1
Changed: Oct 6
Last Checked: Oct 5 at 8:53PM
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
Investment Insights
Based on property information with market context.
Located at 591593 591-593 E Nichols Canyon Road in Cedar City, this duplex contains two residences, each with 3 bedrooms, 2 baths, 1,226 SF, a 1-car garage, and an additional 180 SF covered carport or patio area. The property was built in 2007 on a .33-acre corner lot, with xeriscape landscaping and fenced backyards.
A detached 20'x28' RV garage with power provides separate enclosed storage. Recent work includes vinyl plank flooring in the kitchens, bathrooms, and laundry areas, along with a refurbished roof. The property is zoned Central Commercial and is occupied by long-term, month-to-month tenants. An adjacent duplex is also available.
A detached 20'x28' RV garage with power provides separate enclosed storage. Recent work includes vinyl plank flooring in the kitchens, bathrooms, and laundry areas, along with a refurbished roof. The property is zoned Central Commercial and is occupied by long-term, month-to-month tenants. An adjacent duplex is also available.
Key Highlights
- Two 3‑bedroom, 2‑bath units, each measuring 1,226 SF
- Detached 20'x28' RV garage with power
- .33‑acre corner lot with xeriscape landscaping and fenced backyards
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.
Property Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
10
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two three-bedroom units include garages, covered outdoor areas, fenced yards, and Central Commercial zoning.
Where is this duplex located?
The property is located at 591593 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 3‑bedroom, 2‑bath units, each measuring 1,226 SF; Detached 20'x28' RV garage with power; .33‑acre corner lot with xeriscape landscaping and fenced backyards
