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Multi-Family Homes for Sale in Price, Utah
Price sits in Carbon County about two hours southeast of Salt Lake City along Highway 6, and it's one of the few Utah towns where multi-family property still pencils out at working-class numbers. Duplexes, triplexes, and small fourplexes here typically trade well under what a single-family home costs along the Wasatch Front, which is why local landlords, Utah State University Eastern parents, and out-of-area investors keep an eye on this market. Rental demand comes from a steady mix: USU Eastern students, Carbon Medical Center staff, energy and mining workers tied to the coal and natural gas operations in the area, and BLM and county employees who need short or mid-term housing.
Most of the multi-family inventory in Price is older — think mid-century homes that have been converted, plus purpose-built duplexes from the 1970s and '80s in neighborhoods near Carbon High, the college, and the older grid south of Main Street. Cap rates here tend to run higher than anything you'll see in Utah County or Davis County, but tenant turnover, deferred maintenance on older roofs and boilers, and the cyclical nature of energy employment are real factors to underwrite. Zoning in Price allows several multi-unit configurations within the city limits, and Carbon County is generally landlord-friendly compared to bigger metros. Browse the active listings below to see what duplexes, triplexes, and small multi-unit buildings are currently on the market in Price.
May 2026 · Price market
Live from the Utah MLS — what's actually happening in Price right now.
Median sale
$267,100
8 closed in May 2026
Median DOM
43 days
listing → contract
Sale-to-list
90.6%
of final list price
Unsold inventory
83
active + pending
6 matching · page 1 of 1
Active listings
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Common questions
About multi-family homes in Price.
What do multi-family properties typically cost in Price? ▾
Duplexes in Price generally run in the low-to-mid $200,000s to around $400,000 depending on condition, unit count, and location, with triplexes and fourplexes pushing higher. That's substantially less per door than comparable buildings in Provo or Ogden, which is the main reason out-of-area investors look here.
Who rents multi-family units in Price? ▾
The tenant pool is a mix of USU Eastern students, Carbon Medical Center and Castleview Hospital staff, energy and mining workers, and longer-term local families. Demand is steady but not explosive — vacancy can stretch a few weeks longer than in the Wasatch Front markets.
Are cap rates better in Price than in northern Utah? ▾
Generally yes. Cap rates in Price often land in the 7-9% range on stabilized small multi-family, versus 4-5% in Salt Lake or Utah County. The trade-off is slower appreciation, older building stock, and a local economy tied to energy cycles.
What should I underwrite carefully on older Price duplexes? ▾
Roof age, original boilers or wall furnaces, galvanized or polybutylene plumbing, electrical panels, and any settlement issues on homes built before 1960. Many of these properties have been rentals for decades, so deferred maintenance is the norm rather than the exception — get a thorough inspection.
Does Price allow ADUs or converting a single-family into a duplex? ▾
Price City zoning permits multi-unit dwellings in several residential zones, and ADUs are allowed under specific conditions. Always confirm with Price City Planning and Zoning before purchasing with a conversion plan, since lot size, parking, and setback requirements vary by zone.
How is financing different for multi-family in a smaller market like Price? ▾
Two-to-four unit properties still qualify for conventional and FHA residential loans, including owner-occupant house-hacking with as little as 3.5% down on FHA. Five units and up moves into commercial loan territory, where local credit unions and community banks in Carbon and Emery counties tend to be the most flexible lenders.