This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.
1/159
$3,250,000
This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.
1/159
Property 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. 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 property boasts a prime location, just minutes from local shopping, schools, and the breathtaking trails and red rock views of Water Canyon, a popular destination for outdoor enthusiasts. Whether you're an investor seeking reliable income, a developer with a vision, or an operator looking to expand into new services, this unique property offers unparalleled flexibility and upside potential. Don't miss your chance to own one of the most versatile properties in Southern Utah.
Full Property Details
Full Property Details for 985 W Utah Ave
General
- Price: $3,250,000
- Taxes: $8,218
- Status: Active
- Type: Multi-Family
- Source: 203
- MLS ID: 25-265465
- Updated: 12/4/2025
- Added to Site: 131 day(s) ago
Parking
- Garage: Yes
Location
- Area: Outside Area
- County: Washington
- Subdivision: SHORT CREEK
- Driving Directions: Take highway 59 towards Hildale. Turn left onto Utah Ave. Building is on the right.
School Information
- Elementary School: Water Canyon School
- Middle School: Water Canyon School
- High School: Water Canyon School
Heating & Cooling
- Central air: Yes
- Air Conditioning: Yes
- Cooling Type: Central Air
- Heating Type: Gas FA
- Water Heater: Gas
Structural Information
- # Buildings: 2
- Roof: Asphalt
- Stories/Levels: 3
- Square Feet: 49,017
- Year Built: 1992
- Property Condition: Brick, Stucco
Lot Features
- Lot Size (Acres): 1.72
- Lot Size (Sq. Ft.): 74,923.2
- Zoning: Multi-Family, Commercial
Financial Considerations
- Price Per Sq. Ft.: $66.3
- Tax Amount: $8,218.42
- Terms: Conventional, Cash, 1031 Exchange
Disclosures and Reports
- Property ID: HD-SHCR-2-1
Listed by Red Rock Real Estate
Get Pre-Approved Today
Schools
Schools serving 985 W Utah Ave
School District:Washington School District
| Name | Grades | Distance |
|---|---|---|
Water Canyon School 250 Newel Avenue, Hildale, UT 84784 | 6-5 | 1.5 mi |
Water Canyon High 880 North Carling Street, Hildale, UT 84784 | 7-12 | 1.5 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 985 W Utah Ave
Date
Details
Price
Change
Source
9/26/2025
Listed
$3,250,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 985 W Utah Ave
985 W Utah Avenue, Hildale, UT 84784 (MLS# 25-265465) is a Multi-Family property with 40 units containing 0 bedrooms and 0 full bathrooms. 985 W Utah Avenue is currently listed for $3,250,000 and was received on September 26, 2025. Want to learn more about 985 W Utah Avenue? Do you have questions about finding other Multi-Family real estate for sale in Hildale? You can browse all Hildale real estate or contact a Coldwell Banker agent to request more information.

