# 529 S MAY Dr, Cedar City, UT 84720 > **TL;DR:** 3bd/2ba townhouse, $323,000 ($231/sqft), built 2023, 1,400 sqft. > A/C, 2-car garage. Est. $1,877/mo. Listed 180 days. ## Property at a Glance | Attribute | Value | |-----------|-------| | Price | $323,000 | | Price/sqft | $231 | | Bedrooms | 3 | | Bathrooms | 2 full | | Square Feet | 1,400 | | Year Built | 2023 | | Lot Size | 871 sqft (0.02 acres) | | Stories | 2 | | Garage | 2-car | | Property Type | Townhouse (Townhouse) | | Status | Active | | Days on Market | 180 | ## Estimated Monthly Costs | Category | Amount | |----------|--------| | Principal & Interest (20% down, 30-year at 6.5%) | $1,633 | | Estimated Insurance | $94 | | HOA | $150 | | **Total** | **$1,877** | ## Nearby Schools - **Elementary:** North - **Middle:** Cedar Middle School - **High:** Cedar ## Key Amenities - A/C - 2-car garage ## Property Highlights - Built in 2023 - 0.02 acre lot - 2 stories - 4 parking spaces ## Description ### Agent Description Cap rate over 5%!!! INVESTORS or parents of students headed to SUU for school, take a look! Turnkey investment opportunity in the Cedar City! This home boasts a current cap rate of over 5% with current business model, year-round income potential. Built in 2023, this like-new 3-bedroom, 2-bath townhome offers approximately 1,400 sq ft and is perfectly positioned for investors seeking strong cash flow and multiple rental strategies. Currently operating as a furnished short-term summer rental and school year student housing property. Targeted for Airbnb, vacation rental, and Southern Utah University student housing, Visitors are drawn year-round by nearby national parks, Brian Head ski resort, world-class hiking, dark-sky stargazing, and the renowned Utah Shakespeare Festival, which welcomes over 100,000 visitors annually. The current owners have already built a successful turnkey system for the next investor, with more than 35 summer bookings currently on the calendar and over 30 five-star Airbnb reviews. Everything is already in place, including the Airbnb listing and online presence, professional cleaners, all documents for student housing lease agreements student and cleaning documents ready to go, making for a seamless transition and immediate income opportunity. Inside, you'll find durable LVP flooring, quartz countertops, smart locks, modern finishes, and a functional open layout designed for low-maintenance ownership. The property is fully furnished for both students and short term renters and ready for immediate rental income. Additional features include two walk in closets, basement crawl space storage and a spacious two-car garage. Conveniently located near SUU, shopping, dining, and entertainment, with easy access to national parks, only 30 minutes to ski resorts, 15 minutes to Kanarra falls, 20 minutes to west entrance of Zions and approximately 45 minutes to St. George. We have a well-established partially automated system in place and are happy to help new owners take over seamlessly. Whether you're looking for comfortable housing for your SUU student, expanding your portfolio, seeking a 1031 exchange opportunity, or entering the short-term rental market, this property offers flexibility, location, and proven income potential. ## Location - **Address:** 529 S MAY Dr, Cedar City, UT 84720 - **County:** Iron - **Neighborhood:** OLD SORREL TOWNHOMES PUD - **Coordinates:** 37.668132, -113.106842 - **Google Maps:** https://www.google.com/maps?q=37.668132,-113.106842 ## Listing Agent - **Name:** Jennifer Misbach - **Brokerage:** Lifestyle Real Estate Team - **Broker Phone:** (801) 318-1424 - **Listing URL:** [View original listing](https://www.realtor.com/realestateandhomes-detail/529-S-May-Dr_Cedar-City_UT_84720_M95329-29789?f=listhub&s=WFRMLSUT&m=2156355&c=propsimple) ## Photos ![529 S MAY Dr - Photo 1](http://lh.rdcpix.com/3157549940b6f6ee2a4e9d6455007476l-f1723024826r.jpg) ![529 S MAY Dr - Photo 2](http://lh.rdcpix.com/3157549940b6f6ee2a4e9d6455007476l-f431027812r.jpg) ![529 S MAY Dr - Photo 3](http://lh.rdcpix.com/3157549940b6f6ee2a4e9d6455007476l-f307205533r.jpg) ![529 S MAY Dr - Photo 4](http://lh.rdcpix.com/3157549940b6f6ee2a4e9d6455007476l-f4109343506r.jpg) ![529 S MAY Dr - Photo 5](http://lh.rdcpix.com/3157549940b6f6ee2a4e9d6455007476l-f456081021r.jpg) ![529 S MAY Dr - Photo 6](http://lh.rdcpix.com/3157549940b6f6ee2a4e9d6455007476l-f3936481565r.jpg) ![529 S MAY Dr - Photo 7](http://lh.rdcpix.com/3157549940b6f6ee2a4e9d6455007476l-f1607048438r.jpg) ![529 S MAY Dr - Photo 8](http://lh.rdcpix.com/3157549940b6f6ee2a4e9d6455007476l-f682407021r.jpg) ![529 S MAY Dr - Photo 9](http://lh.rdcpix.com/3157549940b6f6ee2a4e9d6455007476l-f3776581542r.jpg) ![529 S MAY Dr - Photo 10](http://lh.rdcpix.com/3157549940b6f6ee2a4e9d6455007476l-f1677399268r.jpg) ![529 S MAY Dr - Photo 11](http://lh.rdcpix.com/3157549940b6f6ee2a4e9d6455007476l-f2820103342r.jpg) ![529 S MAY Dr - Photo 12](http://lh.rdcpix.com/3157549940b6f6ee2a4e9d6455007476l-f115836583r.jpg) ![529 S MAY Dr - Photo 13](http://lh.rdcpix.com/3157549940b6f6ee2a4e9d6455007476l-f447919049r.jpg) ![529 S MAY Dr - Photo 14](http://lh.rdcpix.com/3157549940b6f6ee2a4e9d6455007476l-f3068040154r.jpg) ![529 S MAY Dr - Photo 15](http://lh.rdcpix.com/3157549940b6f6ee2a4e9d6455007476l-f354697687r.jpg) ![529 S MAY Dr - Photo 16](http://lh.rdcpix.com/3157549940b6f6ee2a4e9d6455007476l-f63981257r.jpg) ![529 S MAY Dr - Photo 17](http://lh.rdcpix.com/3157549940b6f6ee2a4e9d6455007476l-f2661470597r.jpg) ![529 S MAY Dr - Photo 18](http://lh.rdcpix.com/3157549940b6f6ee2a4e9d6455007476l-f892581281r.jpg) ![529 S MAY Dr - Photo 19](http://lh.rdcpix.com/3157549940b6f6ee2a4e9d6455007476l-f3708461432r.jpg) ![529 S MAY Dr - Photo 20](http://lh.rdcpix.com/3157549940b6f6ee2a4e9d6455007476l-f1291286858r.jpg) ![529 S MAY Dr - Photo 21](http://lh.rdcpix.com/3157549940b6f6ee2a4e9d6455007476l-f2198466641r.jpg) ![529 S MAY Dr - Photo 22](http://lh.rdcpix.com/3157549940b6f6ee2a4e9d6455007476l-f3543071599r.jpg) ![529 S MAY Dr - Photo 23](http://lh.rdcpix.com/3157549940b6f6ee2a4e9d6455007476l-f801254575r.jpg) ![529 S MAY Dr - Photo 24](http://lh.rdcpix.com/3157549940b6f6ee2a4e9d6455007476l-f2077496600r.jpg) ![529 S MAY Dr - Photo 25](http://lh.rdcpix.com/3157549940b6f6ee2a4e9d6455007476l-f1214013109r.jpg) ![529 S MAY Dr - Photo 26](http://lh.rdcpix.com/3157549940b6f6ee2a4e9d6455007476l-f3040236141r.jpg) ![529 S MAY Dr - Photo 27](http://lh.rdcpix.com/3157549940b6f6ee2a4e9d6455007476l-f1230812929r.jpg) ![529 S MAY Dr - Photo 28](http://lh.rdcpix.com/3157549940b6f6ee2a4e9d6455007476l-f3390513373r.jpg) ![529 S MAY Dr - Photo 29](http://lh.rdcpix.com/3157549940b6f6ee2a4e9d6455007476l-f392083703r.jpg) ![529 S MAY Dr - Photo 30](http://lh.rdcpix.com/3157549940b6f6ee2a4e9d6455007476l-f1805295446r.jpg) ![529 S MAY Dr - Photo 31](http://lh.rdcpix.com/3157549940b6f6ee2a4e9d6455007476l-f2565140196r.jpg) ![529 S MAY Dr - Photo 32](http://lh.rdcpix.com/3157549940b6f6ee2a4e9d6455007476l-f423126372r.jpg) ![529 S MAY Dr - Photo 33](http://lh.rdcpix.com/3157549940b6f6ee2a4e9d6455007476l-f3280920419r.jpg) ![529 S MAY Dr - Photo 34](http://lh.rdcpix.com/3157549940b6f6ee2a4e9d6455007476l-f3611936008r.jpg) ![529 S MAY Dr - Photo 35](http://lh.rdcpix.com/3157549940b6f6ee2a4e9d6455007476l-f2069530108r.jpg) ![529 S MAY Dr - Photo 36](http://lh.rdcpix.com/3157549940b6f6ee2a4e9d6455007476l-f338374652r.jpg) ![529 S MAY Dr - Photo 37](http://lh.rdcpix.com/3157549940b6f6ee2a4e9d6455007476l-f239771878r.jpg) ![529 S MAY Dr - Photo 38](http://lh.rdcpix.com/3157549940b6f6ee2a4e9d6455007476l-f2374743675r.jpg) ![529 S MAY Dr - Photo 39](http://lh.rdcpix.com/3157549940b6f6ee2a4e9d6455007476l-f2687629618r.jpg) ![529 S MAY Dr - Photo 40](http://lh.rdcpix.com/3157549940b6f6ee2a4e9d6455007476l-f1949003881r.jpg) --- **MLS#:** 2156355 | **Updated:** 2026-10-29 **Source:** listhub *Copyright © 2026 UtahRealEstate.com. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.* [View on PropertySimple](https://www.propertysimple.ai/listing/529-s-may-dr-cedar-city-ut-84720-622844f522944371a8e3b77d377548f9) --- ## Structured Data ```json { "@context": "https://schema.org", "@type": "RealEstateListing", "@id": "https://www.propertysimple.ai/listing/529-s-may-dr-cedar-city-ut-84720-622844f522944371a8e3b77d377548f9#listing", "url": "https://www.propertysimple.ai/listing/529-s-may-dr-cedar-city-ut-84720-622844f522944371a8e3b77d377548f9", "name": "529 S MAY Dr, Cedar City, UT 84720", "description": "Cap rate over 5%!!! INVESTORS or parents of students headed to SUU for school, take a look! Turnkey investment opportunity in the Cedar City! This home boasts a current cap rate of over 5% with current business model, year-round income potential. Built in 2023, this like-new 3-bedroom, 2-bath townhome offers approximately 1,400 sq ft and is perfectly positioned for investors seeking strong cash flow and multiple rental strategies. Currently operating as a furnished short-term summer rental and school year student housing property. Targeted for Airbnb, vacation rental, and Southern Utah University student housing, Visitors are drawn year-round by nearby national parks, Brian Head ski resort, world-class hiking, dark-sky stargazing, and the renowned Utah Shakespeare Festival, which welcomes over 100,000 visitors annually. The current owners have already built a successful turnkey system for the next investor, with more than 35 summer bookings currently on the calendar and over 30 five-star Airbnb reviews. Everything is already in place, including the Airbnb listing and online presence, professional cleaners, all documents for student housing lease agreements student and cleaning documents ready to go, making for a seamless transition and immediate income opportunity. Inside, you'll find durable LVP flooring, quartz countertops, smart locks, modern finishes, and a functional open layout designed for low-maintenance ownership. The property is fully furnished for both students and short term renters and ready for immediate rental income. Additional features include two walk in closets, basement crawl space storage and a spacious two-car garage. Conveniently located near SUU, shopping, dining, and entertainment, with easy access to national parks, only 30 minutes to ski resorts, 15 minutes to Kanarra falls, 20 minutes to west entrance of Zions and approximately 45 minutes to St. George. We have a well-established partially automated system in place and are happy to help new owners take over seamlessly. 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