Four-Unit Multifamily
New
For Sale
$600,000
Hildale, UT 84784, Hildale, UT 84784
MultiFamily, Hildale, UT
Property Size4,500 SF
Lot Size0.37 Acres
Price / SF$133.33
Days on Market3
Property Features
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning description
Multi-Family
Bedrooms
10
Bathrooms
7
Full bathrooms
7
Rooms
Bedroom 4, Bathroom 7, Bathroom 2, Bathroom 3, Bedroom 9, Bedroom 7, Bathroom 4, Bathroom 6, Bedroom 10, Bedroom 3, Bedroom 6, Bathroom 5, Bedroom 1, Bathroom 1, Bedroom 5, Bedroom 2, Bedroom 8
Subdivision
SHORT CREEK
Standard status
Active
APN
HD-SHCR-6-7-B
Size
4,500 SF
Lot size
0.37 Acres
Taxes and HOA fees
Tax Annual Amount
375
Utilities
Heating system
Electric (Heating)
Cooling system
Central Air
Building Details
Year built
2026
Floors in Building
2
Number of units
4
Roof type
Asphalt
Listing Agency:
Summit Sotheby's International Realty (Auto Mall)
(435) 649-1884
Listed By:
Chantel Markel
(435) 632-9621
Added: Aug 20
Changed: Aug 21
Last Checked: Aug 22 at 11:06AM
MLS# 26-275317
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.
Investment Insights
Based on property information with market context.
This 4,500-square-foot multifamily residence is configured as four units on a 0.37-acre lot. The unit mix includes two three-bedroom, two-bathroom units, one two-bedroom, two-bathroom unit, and one one-bedroom, one-bathroom unit. Each unit has a separate entrance, supporting distinct occupancy and rental arrangements. The property was converted from a large single-family home into a legal multifamily residence and is near completion.
Built in 2026, the property includes electric heating, central air, and an asphalt roof. It is located in Hildale, Utah, within Washington County and ZIP code 84784. The layout also accommodates multigenerational housing or a combination of residential and rental use as described in the property information.
Built in 2026, the property includes electric heating, central air, and an asphalt roof. It is located in Hildale, Utah, within Washington County and ZIP code 84784. The layout also accommodates multigenerational housing or a combination of residential and rental use as described in the property information.
Key Highlights
- Four‑unit legal multifamily residence
- 4,500 square feet on a 0.37‑acre lot
- Unit mix includes two 3‑bedroom, 2‑bathroom units
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$54,149
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
9.02%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,082,980
$1.1M
Cap Rate 7%
$773,557
$773.6K
Cap Rate 9%
$601,656
$601.7K
Market Conditions
NOI Build-Up for 4,500 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$81.0K $18.00/SF
− Vacancy
−$3.6K −$0.81/SF
EGI
$77.4K $17.19/SF
− OpEx
−$23.2K −$5.16/SF
NOI
$54.1K $12.03/SF
Area
Washington County, UT
Vacancy
4.50%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,082,980
Cap Rate 7%
$773,557
Cap Rate 9%
$601,656
Alternative Uses
Best Use
Multifamily LT 5
$773.6K
$676.9K – $902.5K
NOI $54,149 @ 7.0% cap · market cap 9.02%
Second Best
Apartment 5plus
$714.3K
$625.0K – $833.3K
NOI $50,000 @ 7.0% cap · market cap 8.33%
Theoretical Best
Specialty Retail
$1.24M
$1.08M – $1.45M
NOI $86,742 @ 7.0% cap · market cap 14.46%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
52
Businesses Nearby
Explore this area
Business Placement
Demographics for 84784, UT
1,127
Population
267
Households
4.2
Avg Household Size
20
Median Age
16%
College-Educated
81%
High-School Grad
4.2 sq mi
ZIP Area
268
Density / Sq Mi
$62,727
Median Household Income
$28,750
Median Earnings
$1,372
Median Rent
$385,900
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?
Quadplex - Near-complete multifamily residence with four separately entered units and varied bedroom configurations.
Where is this quadplex located?
The property is located at Hildale, UT.
What is the asking price?
The asking price for this property is $600,000.
What are key features of this property?
This property features: Four‑unit legal multifamily residence; 4,500 square feet on a 0.37‑acre lot; Unit mix includes two 3‑bedroom, 2‑bathroom units
