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Rare multifamily investment opportunity consisting of a modern $4,900,000

283 N 590 E, Vineyard, UT 84059

33 br, 30.0 ba, 2017 17967 sf
Ut County
Ad #: 7074733

Home For Sale on Utah Lake

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.

Property Details

  • Beds: 33
  • Baths: 30.0
  • Sq Feet: 17967
  • Year Built: 2017
  • Location: Utah Lake
  • Acres: 0.160
  • Lakeview: Yes
  • ViewTypes: Lake
  • County: Ut County
  • Community: THE VINE APARTMENTS
  • Heat/AC: Central, Forced Air, Natural Gas
  • Garage: Covered
  • Siding: Brick, Stucco
  • Roof: Flat, Membrane
  • Stories: 3
  • Property Taxes: $24,647
  • MLS #: 2128973

Location

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Contact Information:

Contact Agent
Listing Agent: Brandon Visser, Ascent Real Estate Group, 801-510-2222, 801-784-8511 Listing Site, Listing Status: Active
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Ad Statistics:

Lake Home For Sale in Vineyard, Utah
Ad Number : 7074733
Viewed: 41 times
Added: Jan 05, 2026
Updated on: Jan 06, 2026
All information provided is deemed reliable but is not guaranteed and should be independently verified.