This home for sale at 51 S MAIN Nephi, UT 84648 has been listed at $495,000 and has been on the market for 3 days.
Full Description
Prime mixed-use building in the heart of downtown Nephi with exceptional income potential. This versatile property offers a rare opportunity for both commercial and residential use, making it ideal for investors or those seeking a live/work environment. The main-floor commercial storefront features large, street-facing windows along Main Street, providing excellent visibility and natural light for a business presence. This space includes a private bathroom along with additional storage or office space. Adjacent to the storefront is a second commercial space with its own exterior entrance and bathroom, offering flexibility to operate as a separate unit or combine with the main storefront to create a larger commercial footprint. The property also includes two residential units. The first apartment is located on the main floor and offers a private rear entrance with a dedicated parking space. This one-bedroom unit includes washer and dryer hookups and a spacious bedroom, creating a comfortable and functional living area. The second apartment is located on the upper level and features an open-concept kitchen with a combined living and bedroom space, a separate laundry room, and attic storage. Access to the upper unit is available by stairs or stair lift, providing added convenience. Additional highlights include both Main Street and alley access, allowing easy access for tenants and customers. With the option to rent all four spaces or create a customized live/work setup, this property offers strong and flexible income potential. The seller has completed numerous updates, ensuring the building is well maintained and move-in ready. Located within Nephis Central Commercial zoning, this is a prime opportunity to own a well-positioned multi-use property in a thriving downtown location.
Property Highlights
This space includes a private bathroom along with additional storage or office space. .
The first apartment is located on the main floor and offers a private rear entrance with a dedicated parking space. .
With the option to rent all four spaces or create a customized live/work setup, this property offers strong and flexible income potential. .
The main-floor commercial storefront features large, street-facing windows along Main Street, providing excellent visibility and natural light for a business presence. .
This one-bedroom unit includes washer and dryer hookups and a spacious bedroom, creating a comfortable and functional living area. .
The second apartment is located on the upper level and features an open-concept kitchen with a combined living and bedroom space, a separate laundry room, and attic storage. .
The home for sale at 51 S MAIN Nephi,
UT 84648 has been listed at $495,000 and has
been on the market for 3 days.
Prime mixed-use building in the heart of downtown Nephi with exceptional income potential. This versatile property offers a rare opportunity for both commercial and residential use, making it ideal for investors or those seeking a live/work environment. The main-floor commercial storefront features large, street-facing windows along Main Street, providing excellent visibility and natural light for a business presence. This space includes a private bathroom along with additional storage or office space. Adjacent to the storefront is a second commercial space with its own exterior entrance and bathroom, offering flexibility to operate as a separate unit or combine with the main storefront to create a larger commercial footprint. The property also includes two residential units. The first apartment is located on the main floor and offers a private rear entrance with a dedicated parking space. This one-bedroom unit includes washer and dryer hookups and a spacious bedroom, creating a comfortable and functional living area. The second apartment is located on the upper level and features an open-concept kitchen with a combined living and bedroom space, a separate laundry room, and attic storage. Access to the upper unit is available by stairs or stair lift, providing added convenience. Additional highlights include both Main Street and alley access, allowing easy access for tenants and customers. With the option to rent all four spaces or create a customized live/work setup, this property offers strong and flexible income potential. The seller has completed numerous updates, ensuring the building is well maintained and move-in ready. Located within Nephis Central Commercial zoning, this is a prime opportunity to own a well-positioned multi-use property in a thriving downtown location.
PMI (Private Mortgage Insurance) - Required for conventional loans with less than 20% down payment. Protects the lender if you default.
MIP (Mortgage Insurance Premium) - Required for all FHA loans regardless of down payment. Similar to PMI but through FHA.
Key Differences:
Conventional PMI: Can be removed at 20% equity
FHA MIP: Cannot be removed if < 10% down, removable after 11 years if ≥ 10% down
VA Loans: No PMI/MIP ever required
Principal & Interest
$0
Property Tax (est)
$0
Home Insurance
$0
HOA Fees
$0
PMI Insurance?$0
Loan Amount:$0
Total Interest Paid:$0
Total Amount Paid:$0
Other Property Info
Area: Nephi
Zoning: Multi-Family, Commercial, Short Term Rental Allowed
State: UT
County: Juab
This listing is courtesy of:: Meadow Perides The Agency Salt Lake City (Nephi).
801-787-0392.
Utilities
Natural Gas Connected
Electricity Connected
Sewer Connected
Water Connected
Based on information from UtahRealEstate.com as of 2026-01-20 20:55:28. 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. IDX information is provided exclusively for consumers’ personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Housing Act
and Utah Fair Housing Act,
which Acts make it illegal to make or publish any advertisement that indicates any
preference,
limitation, or discrimination based on race,
color, religion, sex, handicap, family status, or national origin.
"Thank you! A licensed agent will be reaching out to you shortly."
I agree to receive marketing and customer service calls and text messages from Best Utah Real Estate. Consent is not a condition of purchase. Msg/data rates may apply. Msg frequency varies. Reply STOP to unsubscribe. Privacy Policy & Terms of Service.
Listings displayed on this website are provided via IDX. The website owner is not the listing broker or agent unless explicitly stated.
MLS at your fingertips
Real-time updates
Listing Alerts
Interactive Map
Save your searches
Best Utah Real Estate
Your trusted MLS search companion
Accurate Data - Direct MLS feed for real-time listings