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Cedar City Multifamily Portfolio 3 Multifamily Properties Offered at $6,025,000 in Cedar City, UT
Investment Highlights
- The portfolio consists of 44 apartment units across three multifamily communities in Cedar City.
- The offering includes four residential buildings situated on approximately 1.71 acres.
- The owner may consider selling the parcel adjacent to the Cedar Apartments property in conjunction with a portfolio acquisition.
- Properties are located near Southern Utah University, downtown Cedar City, employers, schools, and community amenities.
- Utah University reported Fall 2025 enrollment of 15,825 students, supporting local housing demand.
- Convenient access to Main Street, Interstate 15, downtown services, and regional destinations throughout Southern Utah.
Executive Summary
This rare portfolio offering consists of 44 apartment units across three well-maintained multifamily communities in the heart of Cedar City, Utah. Collectively comprising four residential buildings situated on approximately 1.71 acres, the properties offer investors an opportunity to acquire stable, income-producing assets in one of Southern Utah’s fastest-growing rental markets. The portfolio benefits from a long history of occupancy, established operations, and locations near Southern Utah University, downtown Cedar City, major employers, and community amenities. The owner may also consider the sale of the parcel adjacent to the Cedar Apartments (304 S 100 W), providing additional flexibility for future development or expansion.
Property Facts
| Price | $6,025,000 | Status | Active |
| Price / SF | $136.93 / SF | Number of Properties | 3 |
| Sale Condition | Bulk/Portfolio Sale | Individually For Sale | 3 |
| Cap Rate | 5.60% | Total Building Size | 44,000 SF |
| Sale Type | Investment | Total Land Area | 1.71 AC |
| Price | $6,025,000 |
| Price / SF | $136.93 / SF |
| Sale Condition | Bulk/Portfolio Sale |
| Cap Rate | 5.60% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 3 |
| Individually For Sale | 3 |
| Total Building Size | 44,000 SF |
| Total Land Area | 1.71 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
|
Cedar Apartments
304 S 100 W, Cedar City, UT 84720 |
Multifamily | 20,000 SF | - | $2,950,000 |
|
Sunrise Apartments
109 S 100 E, Cedar City, UT 84720 |
Multifamily | 12,000 SF | - | $1,525,000 |
|
Palmer House Apartments
177 W Harding Ave, Cedar City, UT 84720 |
Multifamily | 12,000 SF | - | $1,550,000 |
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