1 N 300 E, Cedar City, UT 84720

New Listing
$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: 6/09/2026

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.

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.

More Information MLS# 26-273142

Contract Info

Original List Price: 1200000 Short Sale Status: No Listing Date: 2026-06-08

General Prop Info

Realtor.com: Multi-Family Lot Acres: 0.4 Hot Tub YN: No Pool Private YN: No Pool Community YN: No # of Buildings: 1 2 Bedroom Aprx SqFt: 1046 # Floors: 3 HOA Transfer Fee: No Year Built: 1985 Number of Units: 5 Total SqFt: 5230

Location, Tax & Legal

Total Taxes: 1581.77 Tax Year: 2025 List Price/SqFt: 229.45 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

Remarks & Misc

Public Remarks: 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. Directions: From 200 N, turn right onto 200 E, turn left onto Freedom Blvd, units are on the right.

Annual Grs Rntl Inc

# 2 Bedroom Units: 5 2 Bedroom Total Rent: 900

Construction

Other - See Remarks: 1

Separate Meters

Electric: 1 Gas: 1

Zoning

Residential: 1

Garage/Carport

Garages: 1 Garage Spaces: 2

Terms of Sale

Cash: 1 Conventional: 1

Roof

Asphalt: 1

Heating

Baseboard: 1 Gas FA: 1

Air Conditioning

Central Air: 1

Showing Instructions

Call Listing Agent: 1

Possession

Close Of Escrow: 1

Status Change Info

Status: Active

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: June - 09 - 2026
Broker Attribution: 435-586-2777

Information deemed reliable but not guaranteed.