Investment Properties for Sale in Cleveland, Utah

Cleveland sits in Emery County out in Utah's east-central coal country, about 20 miles south of Price and a solid three-hour drive from the Salt Lake airport. It's a small farming and ranching town — fewer than 500 residents — surrounded by alfalfa fields, the San Rafael Swell to the southwest, and the coal seams that built the local economy. For investors, that geography matters. Property prices here are among the lowest you'll find in Utah, with single-family homes often trading in the $150K–$300K range, and larger parcels with outbuildings or acreage occasionally available below market rates you'd see along the Wasatch Front. Rental demand is driven by mine workers at the nearby Lila Canyon and SUFCO operations, power plant employees at Hunter Station in Castle Dale, and seasonal workers tied to agriculture and the recreation traffic heading into the Swell.

Investment strategies out here lean toward long-term hold rentals, modest fix-and-flips, and land plays — short-term rental demand is thin compared to St. George or Moab, though proximity to Goblin Valley and the Wedge Overlook does pull some weekend traffic. Cap rates tend to run higher than Utah County or Davis County because purchase prices stay low while rents remain steady. Buyers should pay attention to water rights, septic conditions, and the age of mechanicals on older homes, since much of Cleveland's housing stock dates to the mid-20th century. Browse the active listings below, and reach out if you'd like to walk through any of the properties in person.