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Multi-Family Homes for Sale in Island Park, Utah
Island Park is one of Utah's smaller, lesser-known communities, and multi-family inventory here moves on a completely different rhythm than what you'd see along the Wasatch Front. Duplexes, triplexes, and small fourplexes rarely sit on the market long when they appear, partly because rural northern Utah has a thin supply of purpose-built rentals and partly because owner-occupant investors using FHA or VA financing compete hard for two-to-four unit properties. If you're shopping this area specifically, it pays to have alerts set up and financing pre-approved before a listing hits — most serious buyers are ready to tour within 48 hours.
The math on small multi-family in rural Utah looks different than in Salt Lake or Utah County. Purchase prices are lower, but so are rents, and the tenant pool is shallower, which means vacancy assumptions need to be more conservative. On the plus side, property taxes and insurance tend to run lower than urban comps, and lower land costs sometimes leave room to add an ADU or convert outbuildings down the road. Buyers using a house-hack strategy — living in one unit, renting the others — can often get into a property here for less out of pocket than a comparable single-family home closer to a major employment center. Browse the active listings below to see what's currently on the market, and reach out if you'd like comps or rent estimates on anything specific.
June 2026 · Island Park market
Live from the Utah MLS — what's actually happening in Island Park right now.
Median sale
$1,110,000
1 closed in June 2026
Median DOM
—
listing → contract
Sale-to-list
93.7%
of final list price
Unsold inventory
3
active + pending
1 matching · page 1 of 1
Active listings
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Common questions
About multi-family homes in Island Park.
Where exactly is Island Park, Utah? ▾
Island Park is a small unincorporated area in northern Utah — not to be confused with the much better-known Island Park, Idaho near Yellowstone. Inventory here is thin, so multi-family options are rare and worth setting up an alert for. If you're open to nearby communities, expanding the search radius will surface significantly more duplexes and small multi-unit buildings.
What counts as a multi-family property on the MLS? ▾
Multi-family typically means duplexes, triplexes, and fourplexes sold as a single deeded property. Anything five units and up is generally classified as commercial and shows up on different searches. Condos and townhomes are separate categories even though they share walls.
Can I use residential financing on a small multi-family? ▾
Yes — two-to-four-unit properties qualify for conventional, FHA, and VA loans as long as you occupy one of the units. FHA in particular is popular for house-hacking because of the low down payment. Five units or more requires commercial financing with different terms and reserve requirements.
What kind of rents can a multi-family pull in this part of Utah? ▾
Rural northern Utah rents run well below Wasatch Front numbers, and seasonal demand varies by proximity to recreation areas and major employers. Pull recent comps from the specific town before underwriting a deal — a duplex 20 minutes away can cash flow very differently. Our agents can run rent comps on any listing you're considering.
Are there any active multi-family listings in Island Park right now? ▾
Active inventory shifts week to week and is often zero in micro-markets like this one. The listings below reflect what's currently on the MLS — if nothing is showing, set up a saved search so new listings hit your inbox the day they go live.