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$4,900,000
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Property Description
Rare multifamily investment opportunity consisting of a modern 18-unit apartment building located in Vineyard, Utah. Built in 2017, this three-story property offers a highly desirable unit mix, strong historical occupancy, and a location positioned for long-term rental demand. The property features a mix of spacious floor plans including three 3-bed/2-bath units, nine 2-bed/2-bath units, and six 1-bed/1-bath units. Interior finishes include stainless steel appliances, granite countertops, walk-in closets, pantry space, washer/dryer hookups, and a combination of carpet and vinyl flooring. Units are cable and internet ready, with select accessibility features. On-site amenities include a leasing office, clubhouse, fitness center, pool and hot tub, playground, basketball court, grill and picnic areas, pet play area, bicycle storage, and EV charging. The property has demonstrated consistent occupancy in the 96-98% range, supported by strong local demand. Ideally located within walking distance of the Vineyard UTA station with quick access to I-15, shopping, dining, and entertainment. Minutes from Utah Valley University, BYU, and other major employment and education centers. Seller-provided financials reflect strong in-place operations. NOI, cap rate, and full financial details are available upon request in the Offering Memorandum. Do not disturb tenants. Showings by appointment only.
Full Property Details
Full Property Details for 283 N 590 E
General
- Price: $4,900,000
- HOA FEE: $4,410/month
- Taxes: $24,647
- Status: Active
- Type: Multi-Family
- Source: WFR
- MLS ID: 2128973
- Updated: 1/5/2026
- Added to Site: 10 day(s) ago
Interior
- Interior Features: Bath: Primary, Closet: Walk-In, Disposal, Range/Oven: Free Stdng., Granite Countertops, Dishwasher: Built-In
- Flooring: Carpet
Rooms
Bathrooms
- Total Bathrooms: 30
Bedrooms
- Total Bedrooms: 33
Additional Information
- Shared Amenities: Barbecue, Cable TV, Clubhouse, Fire Pit, Fitness Center, Maintenance, Management, Pets Permitted, Picnic Area, Playground, Sewer Paid, Snow Removal, Tennis Court(s), Trash, Water
Exterior
- Exterior Features: Lighting, Patio: Covered, Sliding Glass Doors
- Porch/Patio/Deck: Covered
Parking
- Total Spaces: 36
- Parking Features: Parking: Uncovered
Location
- Area: Pl Grove; Lindon; Orem
- County: Utah
- Subdivision: THE VINE APARTMENTS
- Cross Streets: 590
School Information
- Elem School District: Alpine
- Midd School District: Alpine
- High School District: Alpine
- Elementary School: Vineyard
- Middle School: Lakeridge
- High School: Mountain View
Community
- Association: Yes
- Assoc. Fees Include: Cable TV, Maintenance Grounds, Sewer, Trash, Water
Heating & Cooling
- Heating Type: Forced Air, Gas: Central
Utilities
- Sewer: Sewer: Connected, Sewer: Public
- Water: Culinary
- Utility Description: Natural Gas Connected, Electricity Connected, Sewer Connected, Sewer: Public, Water Connected
Structural Information
- Architectural Style: Stories: 3
- Construction: Brick, Stucco
- Exterior Const.: Brick, Stucco
- Roof: Flat, Membrane
- Windows: Blinds
- Disability Access: Fully Accessible, Ground Level
- Square Feet: 17,967
- Living Area: 17,967 Sq. Ft.
- Current Bldg. Use: Residential
- Year Built: 2017
- Property Condition: Blt./Standing
Lot Features
- Property View: Lake, Mountain(s)
- Lot Size (Acres): 0.16
- Lot Size (Sq. Ft.): 6,969.6
- Lot Size: .16
- Landscape: Landscaping: Full
- Topography: Curb & Gutter, Road: Paved, Sidewalks, Sprinkler: Auto-Full, Terrain, Flat, View: Lake, View: Mountain
- Lot Features: Curb & Gutter, Road: Paved, Sidewalks, Sprinkler: Auto-Full, View: Lake, View: Mountain
- Trees/Vegetation: Landscaping: Full
- Zoning: R3
Water Features
- Water View: Yes
Financial Considerations
- Association Fee: $4,410
- Assoc Fee Freq.: Monthly
- Tax Amount: $24,647
- Terms: Cash, Conventional
Disclosures and Reports
- Inclusions: Ceiling Fan, Dryer, Microwave, Range, Refrigerator, Washer
- Property ID: 54-316-0007
Listed by Ascent Real Estate Group LLC
Get Pre-Approved Today
Schools
Schools serving 283 N 590 E
School District:Alpine School District
| Name | Grades | Distance |
|---|---|---|
Trailside Elementary 452 N Vineyard Loop Road, Vineyard, UT 84058 | K-6 | 0.4 mi |
Orem Jr High School 765 North 600 West Street, Orem, UT 84057 | 7-9 | 1.5 mi |
Mountain View High School 665 West Center Street, Orem, UT 84057 | 10-12 | 1.6 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 283 N 590 E
Date
Details
Price
Change
Source
1/05/2026
Listed
$4,900,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 283 N 590 E
Year
Property Taxes
Change
Tax Assessment
Change
2024
$24,647
65%
$4,078,000
191%
2024
$14,961
13%
$1,403,490
1%
2023
$13,258
2%
$1,389,575
-31%
2021
$12,963
3%
$2,024,900
58%
2022
$12,569
-3%
$1,280,730
-34%
2021
$12,963
18%
$1,928,600
98%
2019
$11,032
680%
$975,645
748%
2018
$1,415
-2%
$115,000
—
2017
$1,443
—
$115,000
—
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 283 N 590 E
283 N 590 E, Vineyard, UT 84059 (MLS# 2128973) is a Multi-Family property with 18 units containing 33 bedrooms and 0 full bathrooms. 283 N 590 E is currently listed for $4,900,000 and was received on January 05, 2026. Want to learn more about 283 N 590 E? Do you have questions about finding other Multi-Family real estate for sale in Vineyard? You can browse all Vineyard real estate or contact a Coldwell Banker agent to request more information.

