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Investment Properties for Sale in Altamont, Utah
Altamont sits up in the Uinta Basin in Duchesne County, about two and a half hours east of Salt Lake City and a short drive from Roosevelt and Duchesne. The town itself is small — population hovering around 200 — but the surrounding area pulls in oil and gas workers, ranchers, hunters heading into the Uintas, and families tied to the Altamont schools. Investment property here doesn't look like a Wasatch Front rental portfolio. It's a different math: lower entry prices (many single-family homes trade well under Salt Lake County medians), larger lots, often acreage, and tenant demand tied closely to energy sector employment cycles in the basin.
What works as an investment in Altamont tends to fall into a few buckets — long-term rentals for basin workers and local families, owner-financed land plays, small ranch or hobby-farm parcels, and the occasional hunting cabin used as a seasonal rental during deer and elk seasons. Cash flow can be strong relative to purchase price, but vacancy risk rises and falls with oil prices, and the buyer pool on resale is thinner than in a metro market. Winters are cold (single digits aren't unusual in January), summers are dry and warm, and utilities often include propane and well water rather than city services. Browse the active listings below to see what's currently on the market in and around Altamont.
February 2026 · Altamont market
Live from the Utah MLS — what's actually happening in Altamont right now.
Median sale
$282,500
1 closed in February 2026
Median DOM
67 days
listing → contract
Sale-to-list
95.8%
of final list price
Unsold inventory
2
active + pending
2 matching · page 1 of 1
Active listings
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Common questions
About investment properties in Altamont.
What kinds of investment properties are typically available in Altamont? ▾
The mix usually includes single-family rentals on large lots, raw land and small acreage parcels, hobby farms with outbuildings, and the occasional cabin or manufactured home on owned land. Multi-family buildings are rare this far into the basin — most rental income strategies here are built around single-family or land holdings.
Who rents homes in Altamont? ▾
Tenant demand is driven mostly by oil and gas field workers based out of Duchesne and Uintah counties, employees tied to the Altamont school, and local ranching and trades families. Demand tracks energy prices closely, so rents and vacancy can swing more than they do along the Wasatch Front.
What kind of cap rates are realistic in the Uinta Basin? ▾
Because purchase prices are lower than metro Utah but rents stay reasonable, gross yields often look attractive on paper — frequently in the 8–12% range on long-term rentals. Net returns depend heavily on propane heating costs, well and septic maintenance, and how you underwrite vacancy during energy downturns.
Are short-term rentals viable in Altamont? ▾
There's a seasonal STR market tied to hunting (deer, elk, antelope), fishing, and Uinta Mountains access, but it's nothing like Park City or Moab volume. Cabins and homes with shop space or room for trailers and ATVs tend to perform best, and bookings concentrate in fall hunting seasons and summer.
What should I know about wells, septic, and utilities before buying? ▾
Most properties outside the town core run on private well and septic, with propane for heat and cooking. Get the well tested for flow rate and water quality, confirm the septic was recently inspected, and factor propane refills into your operating budget — heating bills can be meaningful given how cold basin winters get.
How liquid is the resale market if I need to exit? ▾
Days on market in Altamont and the surrounding basin run longer than Wasatch Front averages, and buyer pools are smaller. Plan for a longer hold and price your exit conservatively. Owner financing is more common out here than in metro Utah and can widen your buyer pool when it's time to sell.