Triplex with Separate Utility
For Sale
$624,900
858 S 170 W, Cedar City, UT 84720
Three residential units offer individual laundry hookups and off-street parking.
Property Size2,169 SF
Price / SF$288.11
Days on Market40
Property Features for 858 S 170 W
General Information
Standard status
Active
Size
2,169 SF
Property subtype
Multi Family Home
Zoning
Multi-Family
Units
Unit Mix
2 x 3BR/2BA, 1 x 2BR/1.5BA
Multifamily Units
3
Individually Metered Utilities
unspecified utilities
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$807
Amenities
laundry hookups
Building Details
Building Size
2,169 SF
Year Built
2007
Units
3
Listing Agency:
ERA Realty Center
(435) 586-2777
Listed By:
Tayler D Christensen
(435) 592-3380
Source:
Hindihometeam
Added: Sep 24
Changed: Oct 30
Last Checked: Oct 29 at 10:09PM
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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Investment Insights
Based on property information with market context.
This 2,169-square-foot triplex, built in 2007, contains three units: two with three bedrooms and two bathrooms each, and one with two bedrooms and one and a half bathrooms. Each residence has laundry hookups, and separate utility meters serve the units. The property is zoned Multi-Family.
Off-street parking is available. Southern Utah University, shopping, restaurants, and other Cedar City amenities are nearby.
Off-street parking is available. Southern Utah University, shopping, restaurants, and other Cedar City amenities are nearby.
Key Highlights
- Three units: two 3‑bedroom, 2‑bath units and one 2‑bedroom, 1.5‑bath unit
- 2,169 square feet; built in 2007
- Separate utility meters for the units
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.
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Property Analytics
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Open Analytics
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
684
Businesses Nearby
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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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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Triplex - Three residential units offer individual laundry hookups and off-street parking.
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 3‑bedroom, 2‑bath units and one 2‑bedroom, 1.5‑bath unit; 2,169 square feet; built in 2007; Separate utility meters for the units
