266 N 590 E Building 6, Vineyard, UT 84059
$4,495,000
Property Type:
MultiFamily
Square Footage:
17,962
Lot Size (sq. ft.):
6,970
Status:
Active
Current Price:
$4,495,000
List Date:
2/20/2026
Last Modified:
3/16/2026
Overview
Description
This modern 18-unit, Class A apartment building in rapidly growing Vineyard, Utah offers a strong investment opportunity in a high-demand submarket. Built in 2017, the property features a desirable mix of 3-, 2-, and 1-bedroom units with granite countertops, stainless steel appliances, in-unit laundry, walk-in closets, and private patios. Residents enjoy resort-style amenities including a clubhouse, pool, 18-person hot tub, fitness center, playground, sport court, BBQ areas, pet parks, and EV charging. Ideally located near the Vineyard FrontRunner station, I-15, UVU, BYU, shopping, and dining, the property is well positioned for continued rent growth and long-term appreciation. 94% average occupancy rate.
Listing Details MLS# 26-269550
Location, Tax & Legal
- House Number
- 266
- Street Direction Pfx
- N
- Street Name
- 590
- Street Direction Sfx
- E
- MLS Area
- Outside Area
- State/Province
- UT
- Postal Code
- 84059
- County
- Other
- Tax ID
- 54:316:0006
- Unit #
- Building 6
- Total Taxes
- 24647
- Tax Year
- 2026
- Elementary Schools
- Out of Area
- Intermediate Schools
- Out of Area
- Jr. High Schools
- Out of Area
- Sr. High Schools
- Out of Area
- List Price/SqFt
- 250.25
General Prop Info
- Realtor.com
- Multi-Family
- Lot Acres
- 0.16
- Hot Tub YN
- No
- Pool Private YN
- No
- Year Built
- 2017
- # of Buildings
- Yes
- Number of Units
- 18
- 1 Bedroom Aprx SqFt
- 813
- 2 Bedroom Aprx SqFt
- 1039
- 3 Bedroom Aprx SqFt
- 1323
- Total SqFt
- 17962
- # Floors
- 3
- HOA Transfer Fee
- Yes
- Transfer Fee Amount
- 12,000
Contract Info
- Original List Price
- 4650000
- Short Sale Status
- No
Annual Grs Rntl Inc
- # 1 Bedroom Units
- 6
- 1 Bedroom Rent
- 1385
- 1 Bedroom Total Rent
- 8310
- # 2 Bedroom Units
- 9
- 2 Bedroom Rent
- 1630
- 2 Bedroom Total Rent
- 14670
- # 3 Bedroom Units
- 3
- 3 Bedroom Rent
- 1885
- 3 Bedroom Total Rent
- 5655
- Potential Rental Inc
- 343620
Annual Oper Expenses
- Real Estate Taxes
- 17456
- Property Insurance
- 5187
- Payroll-Onsite Prsnl
- 24
- Repairs & Maint
- 15625
- Sewer/Water
- 1871
- Miscellaneous
- 16865
- Total Oper Expenses
- 112991
- Net Operating Income
- 231465
More Information
Remarks & Misc
- Public Remarks
- This modern 18-unit, Class A apartment building in rapidly growing Vineyard, Utah offers a strong investment opportunity in a high-demand submarket. Built in 2017, the property features a desirable mix of 3-, 2-, and 1-bedroom units with granite countertops, stainless steel appliances, in-unit laundry, walk-in closets, and private patios. Residents enjoy resort-style amenities including a clubhouse, pool, 18-person hot tub, fitness center, playground, sport court, BBQ areas, pet parks, and EV charging. Ideally located near the Vineyard FrontRunner station, I-15, UVU, BYU, shopping, and dining, the property is well positioned for continued rent growth and long-term appreciation. 94% average occupancy rate.
Construction
- Stucco
- Yes
Zoning
- Multi-Family
- Yes
- PUD
- Yes
Garage/Carport
- Carports
- Yes
- Carport Spaces
- 600
Terms of Sale
- 1031 Exchange
- Yes
- Cash
- Yes
- Conventional
- Yes
Roof
- Metal
- Yes
Heating
- Electric
- Yes
Air Conditioning
- Central Air
- Yes
Showing Instructions
- Call Listing Agent
- Yes
- Mgmt Company
- Yes
Possession
- Close Of Escrow
- Yes
Property Features
Construction:
Stucco
Roof:
Metal
Heating:
Electric
Air Conditioning:
Central Air
Showing Instructions:
Call Listing Agent; Mgmt Company
Zoning:
Multi-Family; PUD
Terms of Sale:
1031 Exchange; Cash; Conventional
Possession:
Close Of Escrow
Listing Office:
Luxury Group
Last Updated: March - 16 - 2026
Information deemed reliable but not guaranteed.