Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    361 300 Delta, UT 84624

    For Sale
    $2,700,000

    19-Unit Apartment Building, High NOI

    Property size:
    8,800 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional multifamily investment opportunity presents a 19-unit apartment building located at 361 S 300 W Rd, Delta, UT 84624. The property boasts a total of 8,800 square feet situated on a 0.33-acre lot. The building, constructed in 1979, comprises two one-story structures. The unit mix includes eleven one-bedroom units (400 sq ft each) and eight two-bedroom units (500 sq ft each). Many units have been remodeled. On-site amenities include a laundry room and additional storage space. The property enjoys convenient access to SR 6. Financial highlights include an asking price of $2,700,000, a price per square foot of $306.82, a price per unit of $142,105.26, a net operating income (NOI) of $220,000, and a cap rate exceeding 8.15%. This well-maintained property offers a strong return on investment and presents a compelling opportunity for an astute investor seeking a stable, cash-flowing asset in a desirable location. The property's strong NOI and attractive cap rate make it an ideal addition to any portfolio. The convenient location and existing amenities further enhance its appeal. This is a turnkey investment ready for immediate income generation.

    Property Features for 361 300

    General Information

    Property type
    Multifamily properties
    Square Feet
    8,800 SF
    Class
    C
    Lot Size
    14,375 SF

    Building Details

    Year Built
    1979
    Buildings
    2
    Stories
    1
    Units
    19

    HighLights

    • 19‑unit multifamily property in Delta, UT, totaling 8,800 square feet on a 0.33‑acre lot.
    • Asking price: $2,700,000, representing $306.82 per square foot and $142,105.26 per unit.
    • Net Operating Income (NOI): $220,000, yielding a cap rate exceeding 8.15%.
    • Unit mix: Eleven one‑bedroom (400 sq ft each) and eight two‑bedroom units (500 sq ft each); many units remodeled.
    • On‑site amenities include laundry facilities and extra storage; convenient SR 6 access.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Delta
    County
    Millard
    State
    Utah
    Longitude
    -112.580988
    Latitude
    39.3463372

    Nearby Comparable

    • $369,000
      0.20 Acres

      Versatile Commercial Building on Main

      7,200 SF commercial building suitable for retail, office, gym.
      252 W Main St, Delta, UT 84624
      View Details
    • $299,000
      0.41 Acres

      Delta, UT Commercial Space

      Commercial space on Main Street with high visibility and parking.
      246 W Main St, Delta, UT 84624
      View Details
    • $472,000
      2,560 SF

      Updated Duplex in Delta, UT

      Updated duplex with garages and fenced yards in Delta, UT.
      321 E 200 S, Delta, UT 84624
      View Details
    • $265,000
      0.44 Acres

      Delta, UT Commercial Property

      Commercial property on Hwy 6 in Delta, Utah.
      259 Highway 6 N, Topaz, UT 84624
      View Details
    • $76,740
      1.28 Acres

      Industrial Land in Delta, Utah

      Light-industrial lots available in Notch Peak Business Park.
      2595 E 500 S, Delta, UT 84624
      View Details

    Nearby Similar for Sale

    • $369,000
      0.20 Acres

      Versatile Commercial Building on Main

      7,200 SF commercial building suitable for retail, office, gym.
      252 W Main St, Delta, UT 84624
      View Details
    • $472,000
      2,560 SF

      Updated Duplex in Delta, UT

      Updated duplex with garages and fenced yards in Delta, UT.
      321 E 200 S, Delta, UT 84624
      View Details
    • $299,000
      0.41 Acres

      Delta, UT Commercial Space

      Commercial space on Main Street with high visibility and parking.
      246 W Main St, Delta, UT 84624
      View Details

    FAQs

    What type of property is this?
    Multifamily property - 19-Unit Apartment Building, High NOI
    Where is this multifamily property located?
    The property is located at 361 300 Delta, UT.
    What is the asking price?
    The asking price for this property is $2,700,000.
    What are key features of this property?
    This property features: 19-unit multifamily property in Delta, UT, totaling 8,800 square feet on a 0.33-acre lot.; Asking price: $2,700,000, representing $306.82 per square foot and $142,105.26 per unit.; Net Operating Income (NOI): $220,000, yielding a cap rate exceeding 8.15%.
    Request Owner's contact information
    361 300 Delta, UT 84624
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    361 300
    Delta, UT 84624
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    361 300 Delta, UT 84624
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.