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Multi-Family Homes for Sale in Enterprise, Utah
Enterprise sits on the high desert plateau in northwest Washington County, about 40 minutes from St. George and a world away from its pace. Elevation is roughly 5,300 feet, so summers stay 10-15 degrees cooler than the St. George basin and winters bring real snow. The economy still runs on cattle, alfalfa, and the families who have worked this ground for four or five generations, with a growing slice of remote workers and retirees who want acreage without Hurricane or Washington prices. Multi-family inventory in a town this size is naturally limited — Enterprise has under 2,000 residents — so listings in this category tend to be older duplexes near Main Street, single-family homes with a legal basement apartment, or rural parcels with a primary house plus a secondary dwelling.
Buyers looking at 2-4 unit properties here usually fall into two camps: house-hackers using an FHA or VA loan to live in one unit and rent the other, and long-term owners who want a guest house or rental income on a larger lot. Rents are softer than in the St. George metro, but purchase prices are too, and the tenant pool is steady thanks to local teachers, ranch hands, and workers commuting to Veyo and Central. Verify zoning, water rights, and septic capacity before writing an offer — rural Utah has a lot of unpermitted second units. Browse the active multi-family listings below to see what Enterprise currently has on the market.
May 2026 · Enterprise market
Live from the Utah MLS — what's actually happening in Enterprise right now.
Median sale
$365,800
1 closed in May 2026
Median DOM
97 days
listing → contract
Sale-to-list
100.2%
of final list price
Unsold inventory
22
active + pending
1 matching · page 1 of 1
Active listings
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Common questions
About multi-family homes in Enterprise.
How common are multi-family listings in Enterprise? ▾
Enterprise is a small ranching and farming town of roughly 1,800 residents, so true multi-family inventory (duplexes, triplexes, fourplexes) is thin. Most months there are zero to a handful of active listings, and many 'multi-family' opportunities here are actually large single-family homes with a basement apartment or a casita on acreage.
What kinds of multi-family properties show up in this market? ▾
Expect older duplexes near the town center, homes with legal accessory apartments, and occasionally a small fourplex held by a long-time owner. New-construction multi-family is rare because zoning and demand favor single-family and agricultural parcels.
Will a duplex in Enterprise cash flow as a rental? ▾
Rents are modest because the tenant pool is small — mostly ranch workers, teachers, and families priced out of St. George. Numbers can still pencil when the purchase price is low and the owner occupies one side, but pure investor returns are tighter than in the St. George metro 40 minutes south.
Can I finance a 2-4 unit property with a residential loan here? ▾
Yes. Conventional, FHA, and VA loans all allow 2-4 unit purchases as long as you occupy one unit. FHA is popular for house-hacking a duplex in Enterprise because the down payment is 3.5% and projected rent from the other unit can help you qualify.
How does Enterprise's climate affect multi-family upkeep? ▾
At about 5,300 feet elevation, Enterprise gets real winters — snow, freezing nights, and the occasional pipe burst in older units. Budget for furnace maintenance, snow removal on shared driveways, and roof inspections, which is different from the maintenance profile down in St. George.
What should I check before buying a multi-family property in Enterprise? ▾
Confirm the zoning and that any second unit is permitted with Washington County — many basement apartments in rural Utah were finished without permits. Also verify the water source (culinary vs. shares), septic capacity for multiple units, and whether utilities are separately metered.