Date
Details
Price
Change
Source
5/09/2026
Listed
$360,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
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Property Description
INVESTORS take a look! Cap rate over 5%!!! Turnkey investment opportunity in the Cedar City! This home boasts a current cap rate of over 5% with current business model, year-round income potential. Built in 2023, this like-new 3-bedroom, 2-bath townhome offers approximately 1,400 sq ft and is perfectly positioned for investors seeking strong cash flow and multiple rental strategies. Currently operating as a furnished short-term summer rental and school year student housing property, this property benefits from Cedar City's growing tourism, thriving arts scene, and nearly 10,000-student university population. Targeted for Airbnb, vacation rental, and Southern Utah University student housing, Visitors are drawn year-round by nearby national parks, Brian Head ski resort, world-class hiking, dark-sky stargazing, and the renowned Utah Shakespeare Festival, which welcomes over 100,000 visitors annually. The current owners have already built a successful turnkey system for the next investor, with more than 18 summer bookings currently on the calendar and 27 five-star Airbnb reviews. Everything is already in place, including the Airbnb listing and online presence, professional cleaners, student housing lease agreements ready for signatures, and student cleaning documents, making for a seamless transition and immediate income opportunity. Inside, you'll find durable LVP flooring, quartz countertops, smart locks, modern finishes, and a functional open layout designed for low-maintenance ownership. The property is fully furnished for both students and short term renters and ready for immediate rental income. Additional features include two walk in closets, basement crawl space storage and a spacious two-car garage. Conveniently located near SUU, shopping, dining, and entertainment, with easy access to national parks, only 30 minutes to ski resorts, 15 minutes to Kanarra falls, 20 minutes to west entrance of Zions and approximately 45 minutes to St. George. Whether you're expanding your portfolio, seeking a 1031 exchange opportunity, or entering the short-term rental market, this property offers flexibility, location, and proven income potential.
Full Property Details
Full Property Details for 529 S May Dr
General
- Price: $360,000
- HOA FEE: $150/month
- Taxes: $1,750
- Status: Active
- Type: Townhouse
- Source: WFR
- MLS ID: 2156355
- Updated: 5/17/2026
- Added to Site: 12 day(s) ago
Interior
- Interior Features: Alarm: Fire, Bath: Primary, Closet: Walk-In, Disposal, Great Room, Range: Gas, Range/Oven: Free Stdng., Video Door Bell(s), Video Camera(s), Smart Thermostat(s)
- Appliances: Dryer, Microwave, Range Hood, Refrigerator, Washer
- Flooring: Carpet
Rooms
Bathrooms
- Total Bathrooms: 2
- Full Bathrooms: 2
Bedrooms
- Total Bedrooms: 3
Other Rooms
- Laundry: Electric Dryer Hookup
Additional Information
- Shared Amenities: Barbecue, Maintenance, Pet Rules, Pets Permitted, Picnic Area, Playground, Trash, Water
- Equipment: Alarm System, Window Coverings
Exterior
- Exterior Features: Double Pane Windows
Parking
- Garage: Yes
- Attached garage: Yes
- Garage Spaces: 2
- Covered Spaces: 2
- Total Spaces: 4
Location
- Area: Cedar Cty; Enoch; Pintura
- County: Iron
- Subdivision: OLD SORREL TOWNHOMES PUD
- Direction Faces: East
School Information
- Elem School District: Iron
- Midd School District: Iron
- High School District: Iron
- Elementary School: North
- Middle School: Cedar Middle School
- High School: Cedar
Community
- Association: Yes
- Assoc. Fees Include: Maintenance Grounds, Trash, Water
Heating & Cooling
- Central air: Yes
- Air Conditioning: Yes
- Cooling Type: Central Air
- Heating Type: Forced Air, Gas: Central
Utilities
- Sewer: Sewer: Connected
- Water: Culinary
- Utility Description: Natural Gas Connected, Electricity Connected, Sewer Connected, Water Connected
Structural Information
- Architectural Style: Townhouse; Row-mid
- Basement Desc.: None
- Roof: Asphalt
- Windows: Blinds, Full
- Disability Access: Accessible Hallway(s)
- Stories/Levels: 2
- Square Feet: 1,400
- Living Area: 1,400 Sq. Ft.
- Current Bldg. Use: Residential
- Year Built: 2023
- Property Condition: Blt./Standing
Lot Features
- Property View: Mountain(s), View: Red Rock
- Lot Size (Acres): 1,045
- Lot Size (Sq. Ft.): 45,520,200
- Lot Size: 1045
- Landscape: Landscaping: Full
- Topography: Road: Paved, Sidewalks, Sprinkler: Auto-Full, Terrain, Flat, View: Mountain, View: Red Rock
- Lot Features: Road: Paved, Sidewalks, Sprinkler: Auto-Full, View: Mountain, View: Red Rock
- Trees/Vegetation: Landscaping: Full
- Zoning: R-3
Financial Considerations
- Association Fee: $150
- Assoc Fee Freq.: Monthly
- Tax Amount: $1,750
- Terms: Cash, Conventional, FHA, VA Loan
Disclosures and Reports
- Inclusions: Alarm System, Dryer, Microwave, Range, Range Hood, Refrigerator, Washer, Window Coverings, Video Door Bell(s), Video Camera(s), Smart Thermostat(s)
- Property ID: B-1857-1044-0000
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Schools
Schools serving 529 S May Dr
School District:Iron School District
| Name | Grades | Distance |
|---|---|---|
Cedar North School 550 West 200 North, Cedar City, UT 84720 | K-5 | 2.2 mi |
Cedar Middle School 2215 West Royal Hunte Drive, Cedar City, UT 84720 | 6-8 | 1.1 mi |
Cedar City High School 703 West 600 South, Cedar City, UT 84720 | 9-12 | 1.9 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 529 S May Dr
Tax History
Tax History for 529 S May Dr
Year
Property Taxes
Change
Tax Assessment
Change
2025
$1,170
—
$150,366
—
2024
$1,175
357%
$151,090
370%
2023
$257
86%
$32,180
115%
2022
$138
—
$15,000
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 529 S May Dr
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- Townhouse
- Active
- Updated 5 days ago
- 5Beds
- 4Total Baths
- 2,104Sq. Ft.
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- Single Family
- Active
- Updated 2 days ago
- 5Beds
- 3Total Baths
- 2,866Sq. Ft.
- Single Family
- Active
- Updated 2 days ago
- 3Beds
- 3Total Baths
- 1,455Sq. Ft.
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- Single Family
- Active
- Updated 2 days ago
- 3Beds
- 2Total Baths
- 1,419Sq. Ft.
- Single Family
- Active
- Updated 6 days ago
- 9Beds
- 4Total Baths
- 4,300Sq. Ft.
- Single Family
- Active
- Updated 35 minutes ago
- 9Beds
- 4Total Baths
- 4,300Sq. Ft.
- Single Family
- Active
- Updated 2 days ago
- 3Beds
- 2Total Baths
- 1,419Sq. Ft.
529 S May Dr, Cedar City, UT 84720 (MLS# 2156355) is a Townhouse property with 3 bedrooms and 2 full bathrooms. 529 S May Dr is currently listed for $360,000 and was received on May 09, 2026. Want to learn more about 529 S May Dr? Do you have questions about finding other Townhouse real estate for sale in Cedar City? You can browse all Cedar City real estate or contact a Coldwell Banker agent to request more information.