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1 N 300 E
1 N 300 E
1 N 300 E
1 N 300 E
1 N 300 E
1 N 300 E
1 N 300 E
1 N 300 E
1 N 300 E
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1 N 300 E
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1 N 300 E
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1 N 300 E
1 N 300 E
1 N 300 E
1 N 300 E
1 N 300 E
1 N 300 E
1 N 300 E
1 N 300 E
1 N 300 E
1 N 300 E
1 N 300 E
1 N 300 E
1 N 300 E
1 N 300 E
1 N 300 E
1 N 300 E
1 N 300 E
1 N 300 E
1 N 300 E
1 N 300 E
1 N 300 E
1 N 300 E
1 N 300 E
1 N 300 E
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Courtesy of ERA Realty Center
$1,200,000

1 N 300 E

1,046 Sq.Ft. 0.4 Acres

Inquire Now

Description

Investment Opportunity with Immediate Income & Future Expansion Potential

Exceptional opportunity to own a 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.

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Location

1 N 300 E, Cedar City, UT 84720

Status

For Sale
Tayler Christensen

Tayler Christensen

TITLE

REALTOR®

LICENSE

95577771-SA00

PHONE

(435) 592-3380

EMAIL

[email protected]

CONTACT AGENT

Property Amenities

Interior
Flooring Carpet, Luxury Vinyl
Area & Lot
Total area 1,046 Sq.Ft.
Lot Area 0.4 Acres
Living area 1,046 Sq.Ft.
MLS® ID 116684
Year Built 1985
High School Cedar
Middle School Cedar
Elementary School Cedar East
Type Multi-Family
Status For Sale
Exterior
Heat type Natural Gas, Baseboard, Forced Air, Heat Pump
Utilities Electricity Connected, Natural Gas Connected, Sewer Connected, Electric Separate, Gas Separate, Culinary, City
Finance
Sales Price $1,200,000
Real Estate Tax $1,582 yearly
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We would love to show you our beautiful property. Please select your preferred date and time below. An agent will be in touch shortly to confirm your appointment.

Schedule a Showing

We would love to show you our beautiful property. Please select your preferred date and time below. An agent will be in touch shortly to confirm your appointment.

Thank you for your interest in 1 N 300 E, Cedar City, UT 84720. We are reviewing your request and will be in touch shortly!
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Buying or selling a home is one of life’s most meaningful decisions, and having a trusted team by your side makes all the difference. With over 30 years of combined experience and deep ties to the Cedar City community, The Christensen Team offers thoughtful guidance and a highly personalized approach to every transaction. From strategy and negotiations to closing day, we ensure a smooth, seamless experience built on expertise, dedication, and proven results.

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By providing your contact information to The Christensen Team, your personal information will be processed in accordance with The Christensen Team's Privacy Policy. By checking the box(es) below, you expressly consent to receive marketing or promotional real estate communication from The Christensen Team in the manner selected by you. For SMS text messages, message frequency varies. Message and data rates may apply. Consent is not a condition of purchase of any goods or services. You may opt out of receiving further communications from The Christensen Team at any time. To opt out of receiving SMS text messages, reply STOP to unsubscribe. SMS text messaging is subject to our Terms of Use.
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Contact Details

Donna Christensen and Tayler Christensen

(435) 592-3380
[email protected]

259 W 200 N Cedar City UT 84720