Three-Unit Multifamily
New
For Sale
$624,900
858 S 170 W, Cedar City, UT 84720
Each residence has laundry hookups and a separate utility meter.
Property Size2,169 SF
Price / SF$288.11
Days on Market6
Property Features for 858 S 170 W
General Information
Standard status
Active
Size
2,169 SF
Property subtype
Multi-Family
Units
Unit Mix
2 x 3BR/2BA, 1 x 2BR/1.5BA
Multifamily Units
3
Amenities
laundry hookups
Building Details
Year Built
2007
Listing Agency:
ERA Realty Center
Listed By:
Tayler D Christensen
(435) 586-2777
Source:
Utahluxuryhometeam
Added: Oct 1
Last Checked: Oct 5 at 9:57PM
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.
This 2,169-square-foot triplex, built in 2007, contains two 3-bedroom, 2-bath residences and one 2-bedroom, 1.5-bath residence. Laundry hookups and separate utility meters are provided for each unit, with off-street parking on site.
The property is in Cedar City near SUU, shopping, and restaurants.
The property is in Cedar City near SUU, shopping, and restaurants.
Key Highlights
- Three units: two with 3 bedrooms and 2 baths; one with 2 bedrooms and 1.5 baths
- 2,169 square feet; built in 2007
- Laundry hookups and separate utility meters in each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,114
Cap Rate
3.22%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$402,280
$402.3K
Cap Rate 7%
$287,343
$287.3K
Cap Rate 9%
$223,489
$223.5K
Market Conditions
NOI Build-Up for 2,169 SF
Gross rent
$29.9K $13.80/SF
− Vacancy
−$1.2K −$0.55/SF
EGI
$28.7K $13.25/SF
− OpEx
−$8.6K −$3.97/SF
NOI
$20.1K $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%
$402,280
Cap Rate 7%
$287,343
Cap Rate 9%
$223,489
Alternative Uses
Best Use
Multifamily LT 5
$287.3K
$251.4K – $335.2K
NOI $20,114 @ 7.0% cap · market cap 3.22%
Second Best
Apartment 5plus
$255.8K
$223.8K – $298.4K
NOI $17,903 @ 7.0% cap · market cap 2.86%
Theoretical Best
Office A
$443.0K
$387.6K – $516.8K
NOI $31,008 @ 7.0% cap · market cap 4.96%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
684
Businesses Nearby
Explore this area
Business Placement
Demographics for 84720, UT
23,607
Population
8,984
Households
2.6
Avg Household Size
28
Median Age
35%
College-Educated
95%
High-School Grad
341.5 sq mi
ZIP Area
69
Density / Sq Mi
$63,742
Median Household Income
$29,979
Median Earnings
$932
Median Rent
$357,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Triplex - Each residence has laundry hookups and a separate utility meter.
Where is this triplex located?
The property is located at 858 S 170 W Cedar City, UT.
What is the asking price?
The asking price for this property is $624,900.
What are key features of this property?
This property features: Three units: two with 3 bedrooms and 2 baths; one with 2 bedrooms and 1.5 baths; 2,169 square feet; built in 2007; Laundry hookups and separate utility meters in each unit
