800 HIGHWAY, Wellington, UT 84542
75BD/—BA Residential in Wellington, UT 84542. 30,000 sqft. Built 1980. Listed at $4,550,000. MLS #2117038.
75BD/—BA Residential in Wellington, UT 84542. 30,000 sqft. Built 1980. Listed at $4,550,000. MLS #2117038.
The Ridges presents a rare opportunity to acquire a 37-unit multifamily community in one of Central Utah's most desirable residential locations. Located just over an hour from Spanish Fork in Utah County, the property has experienced virtually zero vacancy under current management and features spacious, bright units with in-unit laundry, private balconies, and stunning valley views, complemented by a community park and ample covered parking. Offering a stabilized 6.27% cap rate based on below-market rents. The Ridges provides immediate income stability and attractive upside potential through rent growth, operational efficiencies, and incremental property improvements. Ideally positioned along U.S. Highway 6-the primary eastwest route through Carbon County-The Ridges connects Wellington and Price, the region's commercial, educational, and healthcare hub, and serves as a key gateway to Central Utah and premier national parks including Moab and Arches.
Property Type
Residential
Property Style
> 4 Units
Architectural Style
Stories: 3
County
Carbon
Zoning
Multi-Family
Construction
Composition,Clapboard
Lot Size
3.13 sq ft
Condition
Blt./Standing
MLS #
2117038
Property Type
Residential
Property Style
> 4 Units
Architectural Style
Stories: 3
County
Carbon
Zoning
Multi-Family
Construction
Composition,Clapboard
Lot Size
3.13 sq ft
Condition
Blt./Standing
MLS #
2117038
List Price
$4,550,000
Annual Taxes
$24,904
Home Warranty
No
List Price
$4,550,000
Annual Taxes
$24,904
Home Warranty
No
Heating
Forced Air,Gas: Central
Roof
Asphalt,Pitched
Flooring
Carpet,Laminate,Vinyl
Materials
Composition,Clapboard
Patio & Porch
Covered
Water Source
Culinary
Sewer
Sewer: Connected,Sewer: Public
View
Mountain(s),Valley
Heating
Forced Air,Gas: Central
Roof
Asphalt,Pitched
Flooring
Carpet,Laminate,Vinyl
Materials
Composition,Clapboard
Patio & Porch
Covered
Water Source
Culinary
Sewer
Sewer: Connected,Sewer: Public
View
Mountain(s),Valley
Covered Spaces
36
Total Parking
36
Covered Spaces
36
Total Parking
36
Why this is a deal
Deal Score Breakdown
100/100 · 2 qualifying signals
STR net cashflow +$17,420/mo (+55.8% return). Uses the better of LT or STR against total monthly ownership cost (P&I, tax, insurance, HOA, maintenance).
14.8% year-over-year ZHVI growth in this area
Priced 44% above the per-subtype city median
No price reduction from original list
Not enough comparable listings
Ensemble scoring: the best single signal sets the floor, secondary qualifying signals (≥60) each add 5 points up to +20. A home that strongly wins on one dimension is already a great deal — it doesn't need to tick every box.
Why this classification
Est. Annual Revenue
$833,442/yr
$102/night · 65% occupancy · $54/bedroom · $0.08/sqft
Net Monthly Cash Flow
+$17,420 /mo (+$209,044/yr)
Monthly STR income
Monthly ownership cost
Coverage
223%
Net /mo
+$17,420
DSCR
2.11
Best Download
1 Gbps
Best Upload
1 Gbps
Fiber Available
Yes
Providers
6
Available Providers
$163,500
+2683% vs median
77 days
12
$115,000 – $980,000
$24,904
Moderate
11.0
per 1,000
14.7
per 1,000
10.4
per 1,000
36.1
per 1,000
National rates use FBI UCR Index Crimes. Local rates use NIBRS which may include additional offense categories.
Select agents you’d like to hear from. They’ll be notified of your interest — your contact details stay private until you choose to respond.
Your inquiry goes to the listing agent.
Fast Response
Typically within 2 hours during business hours
Built with AI to help you find your perfect home
Powered by AI • Secured by Supabase • Trusted by Agents