985 W Utah Avenue, Hildale, UT 84784 (MLS# 25-265465)

985 W Utah Avenue, Hildale, UT 84784

$3,250,000

Virtual Tour

https://my.matterport.com/show/?m=Ut5fwuNytpC&brand=0

Property Type: MultiFamily Square Footage: 49,017 Lot Size (sq. ft.): 74,923 Status: Active

Current Price: $3,250,000 List Date: 9/26/2025 Last Modified: 2/24/2026

Overview

Description

Now offering an incredible investment opportunity in the heart of Hildale, UT—this fully renovated 49,000 sq/ft multifamily apartment complex is currently operating as a 40-unit apartment building with long-term tenants, providing immediate cash flow and stability. Situated on 1.72 acres and zoned commercial, this property presents a wealth of possibilities for future use, including assisted living, rehabilitation center, boutique hotel, VRBO-style vacation rentals, or continued multifamily housing.

Supplements: Every aspect of this property has been thoughtfully updated: new roof, upgraded HVAC systems, fresh carpet and paint, and beautifully manicured landscaping. Tenants and future guests will enjoy access to a large commercial kitchen, a spacious recreation room, and expansive common areas, ideal for both residential and commercial applications. The p ... (Read more)

Listing Details MLS# 25-265465

Location, Tax & Legal

House Number: 985
Street Direction Pfx: W
Street Name: Utah Avenue
MLS Area: Outside Area
State/Province: UT
Postal Code: 84784
County: Washington
Subdivision: SHORT CREEK
Tax ID: HD-SHCR-2-1
Total Taxes: 8218.42
Tax Year: 2025
Elementary Schools: Water Canyon School
Intermediate Schools: Water Canyon School
Jr. High Schools: Water Canyon School
Sr. High Schools: Water Canyon School
List Price/SqFt: 66.3

General Prop Info

Realtor.com: Multi-Family
Lot Acres: 1.72
Lot Frontage: 282
Lot Depth: 267
Hot Tub YN: Yes
Pool Private YN: No
Lot Irregular: No
Year Built: 1992
# of Buildings: 2
Number of Units: 40
Total SqFt: 49017
# Floors: 3
Elevators: No
HOA Transfer Fee: No
Studio Aprx SqFt: 0

Contract Info

Original List Price: 3250000
Short Sale Status: No

Annual Grs Rntl Inc

# Studio Units: 29
Studio Rent: 500
Studio Total Rent: 14500
1 Bedroom Rent: 600
# 2 Bedroom Units: 5
2 Bedroom Rent: 800
# 3 Bedroom Units: 2
3 Bedroom Rent: 1100
Potential Rental Inc: 29000

Annual Oper Expenses

Real Estate Taxes: 8218.42

More Information

Remarks & Misc

Public Remarks: Now offering an incredible investment opportunity in the heart of Hildale, UT—this fully renovated 49,000 sq/ft multifamily apartment complex is currently operating as a 40-unit apartment building with long-term tenants, providing immediate cash flow and stability. Situated on 1.72 acres and zoned commercial, this property presents a wealth of possibilities for future use, including assisted living, rehabilitation center, boutique hotel, VRBO-style vacation rentals, or continued multifamily housing.
Directions: Take highway 59 towards Hildale. Turn left onto Utah Ave. Building is on the right.

Construction

Brick: Yes
Stucco: Yes

Zoning

Commercial: Yes
Multi-Family: Yes

Garage/Carport

Garages: Yes
Garage Spaces: Yes

Terms of Sale

1031 Exchange: Yes
Cash: Yes
Conventional: Yes

Roof

Asphalt: Yes

Heating

Gas FA: Yes

Air Conditioning

Central Air: Yes

Showing Instructions

Call Listing Agent: Yes
Listing Agent Key: Yes

Possession

Close Of Escrow: Yes

Property Features

Construction: Brick; Stucco Roof: Asphalt Heating: Gas FA Air Conditioning: Central Air Showing Instructions: Call Listing Agent; Listing Agent Key Zoning: Commercial; Multi-Family Terms of Sale: 1031 Exchange; Cash; Conventional Possession: Close Of Escrow

Listing Office: RED ROCK REAL ESTATE

Last Updated: February - 24 - 2026

Information deemed reliable but not guaranteed.