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525 E STEEPLECHASE RD, Washington, UT — photo 11 / 28

$1,530,000

525 E STEEPLECHASE RD, Washington, UT 84780

Units

4

Price/Unit

$382,500

Price/Sqft

$261

Est Gross Yield

6.3%

$96,480/yr est.

Property Details

Property typeFourplex
Year built2022
Total units4
Living area5,864 sqft
Bedrooms12
Bathrooms10
Lot size0.03 acres
Parking8 spaces
Days on market1
Listed2026-10-22T00:00:00+00:00

Unit Mix

TypeCountBedsBathsSqftRent/Mo
3BR / 3BA1331,477$1,900/mo
3BR / 3BA1331,477$1,950/mo
3BR / 3BA1331,477$1,900/mo
3BR / 3BA1331,477$1,900/mo
Total412125,908$7,650/mo

Unit mix data is reported by the seller or listing agent through the MLS and may be inaccurate or incomplete. Buyers should independently verify all information and conduct their own due diligence before making any investment decisions.

Description

Fully leased 4-plex meticulously maintained by owner/manager since new. Almost new townhomes in a high-growth, high-occupancy area in the Southern Utah-Crimson High school boundaries. View to the North. Close to the new Wheeler Park. Quick access to SR-7 and the airport. Nice upgrades include SS appliances, quartz countertops, private fenced yards, and walk-in closets. Water softeners, refrigerators, washers, and dryers are included. All units are leased. Please do not disturb tenants. There is a separate tax ID for each unit.

Listed by Richard Potter · Equity Real Estate (St Geo)

Location

525 E STEEPLECHASE RD, Washington, UT 84780

Proforma

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Cap Rate

4.19%

Cash-on-Cash

-1.29%

Cash Flow

-$616/mo

Purchase Price$1,530,000
Down Payment35% ($535,500)
Interest Rate6.00%
Monthly Rent$8,040/mo
Vacancy5%
Expense Ratio30% ($27,497)

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Pro forma estimates are based on assumptions, not guaranteed, and should not be relied upon.

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© 2026 UtahRealEstate.com. All rights reserved. Based on information from the Wasatch Front Regional Multiple Listing Service, Inc. as of 10/23/2026, 9:02:13 AM. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or the MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Listing data provided by UtahRealEstate.com.