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1051 S 500 E photo 11 / 26

$374,999

1051 S 500 E, Heber City, UT 84032

Type

Condo

List Price

$374,999

Price/Sqft

$311

Est Gross Yield

9.8%

$36,660/yr est.

Property Details

Property typeCondo
Year built2015
Total units1
Living area1,207 sqft
Bedrooms3
Bathrooms2
Lot size0.03 acres
Parking2 spaces
Days on market40
Listed2026-05-21T00:00:00+00:00

Description

Welcome to easy mountain living in this beautifully located ground-level condo in one of Heber Valley's most desirable neighborhoods. Just steps from the local high school and only about 25 minutes from world-renowned Park City, this home offers the perfect balance of comfort, convenience, and adventure. Enjoy year-round access to Utah's best skiing, scenic hiking and biking trails, top-rated restaurants, shopping, golf, and endless outdoor recreation. Whether you're looking for a primary residence, investment opportunity, or weekend getaway, this condo puts you close to everything that makes mountain living so desirable. Low-maintenance living, stunning surroundings, and unbeatable location all come together here.

Listed by Isabella Colon Quinones · The IVRI Group Utah, LLC

Location

1051 S 500 E, Heber City, UT 84032

Proforma

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Cap Rate

6.50%

Cash-on-Cash

4.87%

Cash Flow

$570/mo

Purchase Price$374,999
Down Payment35% ($131,250)
Interest Rate6.00%
Monthly Rent$3,055/mo
Vacancy5%
Expense Ratio30% ($10,448)

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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 6/30/2026, 6:18:15 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.