Two-Unit
New
For Sale
$425,000
96 & 98 W Paradise Canyon Rd, Cedar City, UT 84720
MultiFamily, Cedar City, UT
Property Size2,032 SF
Lot Size0.18 Acres
Price / SF$209.15
Days on Market5
Property Features for 96 & 98 W Paradise Canyon Rd
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning description
Multi-Family
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bathroom 1, Bathroom 2
Directions
Heading North on S Main St, turn right onto W Paradise Canyon Rd, Duplex is on the right.
Subdivision
Outside Area
Standard status
Active
APN
B-1011-0003-0019-02
Size
2,032 SF
Lot size
0.18 Acres
Taxes and HOA fees
Tax Annual Amount
666
Utilities
Heating system
Natural Gas
Cooling system
Central Air
Amenities
laundry hookups
fireplace
fenced backyards
Building Details
Year built
1977
Floors in Building
2
Number of units
2
Roof type
Asphalt
Listing Agency:
ERA Realty Center
(435) 586-2777
Listed By:
Tayler D Christensen
(435) 592-3380
Added: Oct 21
Changed: Oct 22
Last Checked: Oct 25 at 4:06PM
MLS# 26-277299
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.
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Investment Insights
Based on property information with market context.
Built in 1977, this duplex contains two 2-bedroom, 1-bath residences totaling 2,032 square feet. Each unit has a fireplace, laundry hookups, and a separate meter. Central air and natural gas heating serve the property, and the asphalt roof covers both residences. The 0.18-acre parcel includes a fenced backyard for each unit, along with covered and uncovered parking for both. Both residences are currently tenant occupied.
Key Highlights
- Two 2‑bedroom, 1‑bath units; 2,032 square feet total
- Separate utility meters, fireplace, and laundry hookups in each residence
- 0.18‑acre lot with fenced backyards and covered and uncovered parking for each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,844
Cap Rate
4.43%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$376,880
$376.9K
Cap Rate 7%
$269,200
$269.2K
Cap Rate 9%
$209,378
$209.4K
Market Conditions
NOI Build-Up for 2,032 SF
Gross rent
$28.0K $13.80/SF
− Vacancy
−$1.1K −$0.55/SF
EGI
$26.9K $13.25/SF
− OpEx
−$8.1K −$3.97/SF
NOI
$18.8K $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%
$376,880
Cap Rate 7%
$269,200
Cap Rate 9%
$209,378
Alternative Uses
Best Use
Multifamily LT 5
$269.2K
$235.6K – $314.1K
NOI $18,844 @ 7.0% cap · market cap 4.43%
Second Best
Apartment 5plus
$239.6K
$209.7K – $279.5K
NOI $16,772 @ 7.0% cap · market cap 3.95%
Theoretical Best
Office A
$415.0K
$363.1K – $484.2K
NOI $29,050 @ 7.0% cap · market cap 6.84%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
762
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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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Each residence has separate laundry hookups, utility meters, and covered and uncovered parking.
Where is this duplex located?
The property is located at 96 & 98 W Paradise Canyon Rd Cedar City, UT.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: Two 2‑bedroom, 1‑bath units; 2,032 square feet total; Separate utility meters, fireplace, and laundry hookups in each residence; 0.18‑acre lot with fenced backyards and covered and uncovered parking for each unit
