1 N 300 E, Cedar City, UT 84720
$1,200,000
Property Type:
MultiFamily
Square Footage:
5,230
Lot Size (sq. ft.):
17,424
Status:
Active
Current Price:
$1,200,000
List Date:
6/08/2026
Last Modified:
7/20/2026
Listing Details MLS# 26-273142
Location, Tax & Legal
- House Number
- Yes
- 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
- Total Taxes
- 1581.77
- Tax Year
- 2025
- List Price/SqFt
- 229.45
Contract Info
- Original List Price
- 1200000
- Short Sale Status
- No
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
- Yes
- Number of Units
- 5
- 2 Bedroom Aprx SqFt
- 1046
- Total SqFt
- 5230
- # Floors
- 3
- HOA Transfer Fee
- No
Annual Grs Rntl Inc
- # 2 Bedroom Units
- 5
- 2 Bedroom Total Rent
- 900
Remarks & Misc
- Public Remarks
- 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.
- Directions
- From 200 N, turn right onto 200 E, turn left onto Freedom Blvd, units are on the right.
Construction
- Other - See Remarks
- Yes
More Information
Separate Meters
- Electric
- Yes
- Gas
- Yes
Zoning
- Residential
- Yes
Garage/Carport
- Garages
- Yes
- Garage Spaces
- 2
Terms of Sale
- Cash
- Yes
- Conventional
- Yes
Roof
- Asphalt
- Yes
Heating
- Baseboard
- Yes
- Gas FA
- Yes
Air Conditioning
- Central Air
- Yes
Showing Instructions
- Call Listing Agent
- Yes
Possession
- Close Of Escrow
- Yes
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
Listing Office:
ERA Realty Center
Last Updated: July - 20 - 2026
Broker Attribution:
435-586-2777
Information deemed reliable but not guaranteed.
