$1,200,000
Cedar City, UT 84720
MLS# 26-273142
5230 sqft
1 / 21
Property Description
Investment Opportunity in the Heart of Cedar City! Exceptional 5-unit apartment complex ideally located in the center of town, directly across from East Elementary and just minutes from Southern Utah University and Cedar High School, offering strong rental appeal and convenience. Each thoughtfully designed unit features 2 bedrooms, 1.5 bathrooms, and a unique 3-level layout with a 2-car garage on the main level, living spaces on the second level, and bedrooms with a full bathroom on the upper level. Quality construction shines throughout with 14'' TJI floor systems and two fully insulated walls between units, providing exceptional sound reduction and privacy.
Details
General Prop Info
Realtor.com: Multi-Family
Lot Acres: 0.4
Hot Tub YN: No
Pool Private YN: No
Pool Community YN: No
Year Built: 1985
# of Buildings: 1
Number of Units: 5
2 Bedroom Aprx SqFt: 1046
Total SqFt: 5230
# Floors: 3
HOA Transfer Fee: No
Contract Info
Original List Price: 1200000
Listing Date: 2026-06-08
Short Sale Status: No
Location Tax Legal
Geo Lat: 37.677715
Geo Lon: -113.05701
List Price: $1,200,000
Current Price: $1,200,000
House Number: 1
Street Direction Pfx: N
Street Name: 300
Street Direction Sfx: E
MLS Area: Outside Area
State/Province: UT
Postal Code: 84720
County: Iron
Tax ID: B-0805-0000-0000
Status Change Info
Status: Active
Annual Grs Rntl Inc
# 2 Bedroom Units: 5
2 Bedroom Total Rent: 900
Property Features
Construction: Other - See Remarks
Separate Meters: Electric; Gas
Roof: Asphalt
Heating: Baseboard; Gas FA
Air Conditioning: Central Air
Showing Instructions: Call Listing Agent
Zoning: Residential
Terms of Sale: Cash; Conventional
Possession: Close Of Escrow
Supplements
Each unit includes a welcoming mudroom entry, electric baseboard heat, washer and dryer conveniently located near the bedrooms, a dedicated laundry cabinet with hanging bar, and additional storage tucked beneath the garage staircase. Enjoy outdoor living with decks on both upper levels, plus ample uncovered parking in addition to each unit's private 2-car garage.
Rare opportunity for future expansion with potential to add 5 additional units on the property (buyer to verify all zoning, density, and development possibilities). Whether expanding your investment portfolio or pursuing a value-add opportunity, this property offers strong income potential in a highly desirable location near schools, university amenities, and everyday conveniences.
Listing Office: ERA Realty Center
Last Updated: June - 09 - 2026
Information deemed reliable but not guaranteed.
Broker Attribution:
435-586-2777