266 N 590 E - Apartments FOR SALE


Vineyard, UT 84059- Outer Orem
$4,650,000 USD
435-705-4990
266 N 590 E, Vineyard, UT for Sale
$4,650,000 USD
Apartments - FOR SALE
1/25
null | 4.98% Cap Rate

266 N 590 E
Vineyard, UT 84059
Outer Orem


HIGHLIGHTS

  • Clubhosue
  • 18 Units
  • 3 story

OVERVIEW

Discover a rare investment opportunity with a modern 18-unit apartment community offering exceptional stability, strong tenant appeal, and a full suite of resort-style amenities. Built in 2017, this three-story property sits in the heart of Vineyard-one of Utah County's fastest-growing markets-just steps from the Vineyard UTA FrontRunner station and minutes from I-15, UVU, BYU, retail, restaurants, and entertainment. The property features a mix of spacious 1–3 bedroom residences, each designed for durability and tenant appeal with in-unit laundry, granite counters, stainless steel appliances, and private patios. Residents love the resort-style lifestyle: a full clubhouse, pool, 18-person hot tub, fitness center, sports courts, playground, BBQ stations, pet parks, and EV charging. 90.5% occupancy in 2025 with a consistent four-year average NOI of $231,465, this asset offers immediate stability and long-term upside in one of Utah County's fastest-expanding submarkets. A standout addition to any investment portfolio. Open to selling additional building for a package deal.

FOR SALE DETAILS

PRICE

$4,650,000 USD

PRICE/SF

$259 USD /SF

# OF UNITS

18

PRICE/UNIT

$258,333

CAP RATE

4.98%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

2017

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

7,182 SF

ZONING

-

APN/PARCEL ID

54-316-0006

ASK ABOUT THIS PROPERTY

Natasha IsomLuxury GroupMore Info
435-705-4990

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Natasha IsomLuxury GroupMore Info
435-705-4990

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