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Multi-Family Homes for Sale in Oakley, Utah
Oakley sits in the Weber River valley just north of Kamas, about 20 minutes east of Park City and roughly an hour from Salt Lake City International. It's a small ranching town — population still under 2,000 — where pasture land, hay fields, and river frontage define the landscape more than subdivisions do. Multi-family inventory here is genuinely thin: Summit County's eastern side was built around single-family ranches and large agricultural parcels, not duplexes or triplexes. When a multi-family property does hit the market in Oakley, it's often a duplex on acreage, a main house with a permitted ADU or guest cabin, or a converted ranch outbuilding generating short-term or long-term rental income.
The appeal is the math: Park City's lodging and service economy needs workforce housing, and Oakley sits close enough for an easy commute up Highway 248 while keeping Summit County's lower-density zoning and Kamas Valley views. Buyers tend to be investors looking for two income streams under one roof, multi-generational families wanting separate quarters with shared land, or owner-occupants offsetting a Wasatch Back mortgage with rental income from the second unit. Expect to verify zoning carefully — Summit County and Oakley City both regulate accessory units, nightly rentals, and water rights closely, and what looks like a duplex on paper may carry restrictions on how each unit can be used. Browse the active listings below to see what's currently available in and around Oakley.
May 2026 · Oakley market
Live from the Utah MLS — what's actually happening in Oakley right now.
Median sale
$566,250
4 closed in May 2026
Median DOM
9 days
listing → contract
Sale-to-list
95.8%
of final list price
Unsold inventory
29
active + pending
1 matching · page 1 of 1
Active listings
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Common questions
About multi-family homes in Oakley.
How many multi-family listings does Oakley typically have at once? ▾
Usually just a handful — sometimes zero. Oakley is a small town with predominantly single-family and agricultural zoning, so duplexes, triplexes, and homes with legal ADUs are rare. Setting up a saved search and a price alert is the most practical way to catch new listings as they post.
Is an ADU or guest house considered multi-family in Oakley? ▾
It depends on how it's permitted. A legally permitted accessory dwelling unit with its own kitchen, entrance, and utilities can show up under multi-family or single-family with ADU in the MLS. Summit County and Oakley City have specific rules about ADU size, occupancy, and rental use, so always pull the permit history before assuming a second unit is income-legal.
Can I run a short-term rental out of one unit? ▾
Not automatically. Oakley City restricts nightly rentals more tightly than Park City proper, and many areas require the owner to occupy the property or limit STRs to certain zones. Long-term rentals (30+ days) are generally easier to operate. Confirm with the Oakley City planning office before underwriting a deal on nightly-rental income.
What price range should I expect for a duplex or multi-unit property here? ▾
Because most multi-family options in Oakley come with land — often one to five acres — pricing tends to run higher than comparable urban duplexes. Expect a wide range depending on acreage, water rights, and condition, with most properties landing somewhere between the mid-$800Ks and well over $2M when significant land or river frontage is involved.
Do these properties usually come with water rights? ▾
Many Oakley parcels carry shares in local irrigation companies or Weber River water rights, which matter for pasture, livestock, and landscaping. Water rights transfer separately from the deed in Utah and should be itemized in the contract. A property without adequate culinary and irrigation water can be hard to rent and harder to resell.
How's the commute to Park City for tenants? ▾
Oakley to Park City is about 12-15 miles via Highway 248, typically 20-25 minutes outside of ski-traffic hours. That makes Oakley realistic workforce housing for Park City service workers, hospital staff, and resort employees, which is why second units here tend to lease quickly when priced in line with the Wasatch Back rental market.