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797 W 50 N, 
Richfield, UT 84701

$3,125,000


36

Beds


24

Baths


13,800

Sq Ft


Multi-Family

Active

Listed by

Michael S Shaver

Green Valley Brokers

435-893-7253

Last updated:

October 12, 2025, 11:04 AM

MLS#

2104671

Source:

SL

About This Home

797 W 50 N

Cash cow investment with 100% occupancy near Snow College Richfield campus. This is an incredibly rare opportunity to own a fully occupied, well-maintained 12-unit apartment complex in the heart of Richfield, Utah - just steps from Snow College. With stable, long-term tenants and a proven history of consistent rental income, this property is a true turnkey investment. Current rents average $1,041/month per unit, well below market value - which means there's a strong potential upside. Similar units in the area are renting for around $1,400/month, offering immediate potential to significantly increase cash flow. Prime location provides lasting value. Located in one of Richfield's most desirable neighborhoods, this property benefits from its proximity to Snow College, ensuring ongoing rental demand and strong property values. The grounds are meticulously maintained, and the surrounding area is quiet, safe, and family-oriented. The building attracts quality tenants-primarily working families-who pay on time and value the sense of community. All leases are month-to-month, providing flexibility for future rental adjustments. The property features a shared community orchard with fruit trees, horseshoe pits, and a barbecue area, creating a welcoming, relaxed environment. Proven management provide responsive, same-day maintenance and a family-like management approach have fostered a strong sense of trust and loyalty among tenants, making this a positive influence on the wider community. This listing is for 1 of 2 buildings available. Each building has 12 units, and both buildings can be purchased separately or together as a pair for maximum investment value and income opportunity. Other listing is MLS #2104672.

Home Facts

Multi-Family

24 Baths

36 Bedrooms

Built in 2008

Price Summary

3,125,000

$226 per Sq. Ft.

MLS #:

2104671

Last Updated:

October 12, 2025, 11:04 AM

Added:

2 month(s) ago


Rooms & Interior

Bedrooms

Total Bedrooms:

36

Bathrooms

Total Bathrooms:

24

Interior

Living Area:

13,800 Sq. Ft.


Structure

Structure

Building Area:

13,800 Sq. Ft.

Year Built:

2008


Lot

Lot Size (Sq. Ft):

435


Finances & Disclosures

Finances

Price:

$3,125,000

Price per Sq. Ft:

$226 per Sq. Ft.

Source:SL
The information being provided by Wasatch Front Regional MLS is for the consumer’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The information is deemed reliable but not guaranteed and should therefore be independently verified. © 2025 Wasatch Front Regional MLS All rights reserved.

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