1 N 300 E, Cedar City, UT 84720
Iron County
Key Facts
Description
Investment Opportunity with Immediate Income & Future Expansion Potential Exceptional opportunity to own a well-maintained 5-unit apartment complex in one of Cedar City's most desirable rental locations. Situated in the heart of town directly across from East Elementary and just minutes from Southern Utah University, Cedar High School, shopping, dining, and medical facilities, this property offers consistent rental appeal and long-term investment potential. Each of the five thoughtfully designed units features 2 bedrooms, 1.5 bathrooms, a unique three-level floor plan, a private 2-car garage, spacious living areas, upper-level bedrooms, in-unit laundry, generous storage, and two private decks. Quality construction includes 14' TJI floor systems and double insulated walls between units for exceptional sound reduction, privacy, and lasting durability. Beyond the existing income-producing improvements lies one of this property's greatest assets--an oversized parcel with exceptional future development potential. The current improvements occupy only a portion of the property, leaving approximately half of the site available for future expansion. This presents a rare opportunity to increase density and maximize long-term returns, with the potential for additional multifamily development, garages, storage units, expanded parking, or other income-producing improvements, subject to buyer verification of zoning, density requirements, and city approvals. Whether you're seeking a stable, cash-flowing investment or a property with significant value-add potential, opportunities like this are becoming increasingly rare. With strong rental demand, quality construction, a prime central location, and built-in expansion possibilities, this property offers the unique combination of immediate income today and substantial upside for tomorrow.
Property Information
Property Type
Residential Income
Sub-Type
Multi Family
Year Built
1985
Stories
3
Living Area
5,230 sq ft
Lot Size
0.40 acres
Days on Market
43
MLS® Listing#
26-273142
Property Features
Cooling
Heating
Roof
Financial Details
Annual Taxes
$1,582
Parcel Number
B-0805-0000-0000
Directions
From 200 N, turn right onto 200 E, turn left onto Freedom Blvd, units are on the right.
Affordability Calculator
$240,000
Estimated monthly payment
$6,387/mo
Principal $960,000 · Est. interest $1,339,285 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Cedar City, UT
- $660,722
- Median Listing Price
- 67
- Median Days on Market
- 2,060
- Median Sq Ft
- $327
- Median Price / Sq Ft
- 2,975
- Active Listings
- This home’s price is 82% above the area median.
- Its price per sq ft is 30% below the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Cedar City, UT.
Location
Points of Interest in Cedar City, UT
Showing the Cedar City area map.
Nearby Schools
Cedar East School
Elementary · 0.1 mi away
Goldn Academy
School · 0.2 mi away
Success Suu
Secondary · 0.6 mi away
North Elementary School
Elementary · 0.8 mi away
Cedar South School
Elementary · 0.9 mi away
Iron County Preschool
School · 1.0 mi away
Cedar High School
Secondary · 1.2 mi away
Seminary - the Church of Jesus Christ of Latter-Day Saints
School · 1.2 mi away
Mountain Springs Preparatory Academy
School · 2.0 mi away
Iron County School District
School · 2.1 mi away
Cedar Middle School
Secondary · 2.3 mi away
Canyon View Middle School
Secondary · 2.3 mi away
Fiddlers Canyon School
Elementary · 2.5 mi away
Suu Aviation
School · 2.5 mi away
Canyon View High School
Secondary · 2.5 mi away
Iron Springs Elementary School
Elementary · 4.1 mi away
On My Way Preschool Cedar City, Ut.
School · 4.8 mi away
Gateway Preparatory Academy
School · 4.8 mi away
Enoch Elementary School
Elementary · 6.1 mi away
Three Peaks Preschool
Elementary · 6.1 mi away
Commute Calculator
Nearby Homes
Similar Homes Nearby
Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 2646 E BOULDER TOP WAY 579, Heber City, UT | $840,000 | — | — | — |
| Cedar Fort, UT | $840,000 | — | — | — |
| 2174 S 4200 E 7, Heber City, UT | $840,000 | — | — | — |
| 1104 CATTAIL CT, Heber City, UT | $840,000 | 4 | 4 | 2,259 |
| 1150 EMPIRE AVE 33, Park City, UT | $845,000 | 2 | 2 | 793 |
| 3076 FAWN DR, Park City, UT | $845,000 | 3 | 3 | 1,900 |
Moving Cost Estimate
EXIT Agents in Cedar City
Listing Courtesy: ERA Realty Center - 435-586-2777