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266 N 590 E 18 Unit Apartment Building $4,650,000 ($258,333/Unit) 4.98% Cap Rate Vineyard, UT 84059
Investment Highlights
- Clubhosue
- 3 story
- 18 Units
Executive Summary
Discover a rare investment opportunity with a modern 18-unit apartment community offering exceptional stability, strong tenant appeal, and a full suite of resort-style amenities. Built in 2017, this three-story property sits in the heart of Vineyard-one of Utah County's fastest-growing markets-just steps from the Vineyard UTA FrontRunner station and minutes from I-15, UVU, BYU, retail, restaurants, and entertainment. The property features a mix of spacious 1–3 bedroom residences, each designed for durability and tenant appeal with in-unit laundry, granite counters, stainless steel appliances, and private patios. Residents love the resort-style lifestyle: a full clubhouse, pool, 18-person hot tub, fitness center, sports courts, playground, BBQ stations, pet parks, and EV charging. 90.5% occupancy in 2025 with a consistent four-year average NOI of $231,465, this asset offers immediate stability and long-term upside in one of Utah County's fastest-expanding submarkets. A standout addition to any investment portfolio. Open to selling additional building for a package deal.
Property Facts
| Price | $4,650,000 | Apartment Style | Low-Rise |
| Price Per Unit | $258,333 | Building Class | B |
| Sale Type | Investment | Lot Size | 0.16 AC |
| Cap Rate | 4.98% | Building Size | 17,962 SF |
| No. Units | 18 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 2017 |
| Property Subtype | Apartment |
| Price | $4,650,000 |
| Price Per Unit | $258,333 |
| Sale Type | Investment |
| Cap Rate | 4.98% |
| No. Units | 18 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.16 AC |
| Building Size | 17,962 SF |
| No. Stories | 3 |
| Year Built | 2017 |
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Property Taxes
| Parcel Number | 54-316-0006 | Improvements Assessment | $3,247,400 |
| Land Assessment | $830,600 | Total Assessment | $2,242,900 |
Property Taxes
Parcel Number
54-316-0006
Land Assessment
$830,600
Improvements Assessment
$3,247,400
Total Assessment
$2,242,900
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266 N 590 E
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