233 S 1000 E - Apartments FOR SALE


Saint George, UT 84770- Downtown Saint George
$1,550,000 USD
801-736-2632
233 S 1000 E, Saint George, UT for Sale
$1,550,000 USD
Apartments - FOR SALE
1/12
null | Request Cap Rate

233 S 1000 E
Saint George, UT 84770
Downtown Saint George


HIGHLIGHTS

  • RARE STUDENT HOUSING OPPORTUNITY: Only one property under 40 units has sold near Utah Tech in the past five years, making this a rare opportunity.
  • UNBEATABLE LOCATION: Directly across the street from Utah Tech University. Walk-to-campus convenience with large rooms and attractive amenities.
  • OPERATIONAL UPSIDE: New management has improved performance and stabilized operations, unlocking further upside potential.
  • ENROLLMENT GROWTH: Utah Tech's enrollment reached a new record, increasing nearly 5% last fall, driving sustained demand for student housing.
  • LOCATED IN AN OPPORTUNITY ZONE: Offering investors significant tax incentives that add a compelling layer to the investment’s long-term value.

OVERVIEW

Marcus & Millichap is pleased to announce the exclusive listing of Dixie Cove, a unique student housing opportunity directly across the street from Utah Tech University. Properties of this size rarely trade in the area; only one under 40 units has sold in the past five years, making this a scarce and highly desirable asset. The location offers unbeatable walkability for students, with large bedrooms and attractive amenities that support strong leasing demand. The property has recently benefited from new professional management, which has already improved operations and demonstrated further upside potential. With Utah Tech’s enrollment growing nearly 5% year-over-year last fall—a new record—the fundamentals for student housing remain strong. This asset is well-positioned to capitalize on continued enrollment growth and increasing demand for quality, conveniently located housing.

FOR SALE DETAILS

PRICE

$1,550,000 USD

PRICE/SF

$133 USD /SF

# OF UNITS

23

PRICE/UNIT

$67,391

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Dixie Cove

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1973

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.53 AC

LAND SF

23,087 SF

ZONING

R-4

APN/PARCEL ID

SG-1017-B-1-B

ASK ABOUT THIS PROPERTY

Evan ClarkMarcus & MillichapMore Info
801-736-2632

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Evan ClarkMarcus & MillichapMore Info
801-736-2632

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.