The Ridges

800 W HIGHWAY DR APT A11, Wellington, UT 84542

Property Information

  • For Sale $4,550,000
  • Property Type Multi-Family
  • Property Size 30,000 SF
  • Units 37
  • Lot Size 3.13 Acre
  • Zoning Residential
  • Year Built 1980
  • Date Updated Nov 6, 2026

Description

- The Ridges is a 37-unit, 30,000 SF multifamily community just outside of Price, Utah, featuring spacious, upgraded units with private decks, a community park, and 72 parking spaces (36 covered). With virtually zero vacancy and yearly leases, the new owner has the opportunity to continue aligning rents with market levels for additional upside. - Well-positioned within Central Utah and only 1 hour to Spanish Fork, The Ridges community benefits from regional economic drivers, including the planned nuclear power facility and the Utah Inland Port, supporting strong rental demand and long-term growth. This well-maintained, income-producing community offers investors stable cash flow and significant value-add potential through rent growth or property improvements in one of Central Utah’s most promising markets. We are pleased to present The Ridges, a [Units]-unit apartment community strategically located at 800 W HIGHWAY DR APT A11 in Wellington, Utah. This exceptional multifamily asset offers investors a rare opportunity to acquire a well-maintained residential property in one of the region's strongest rental markets.

Highlights

  • Castleview Hospital anchors the healthcare sector, serving Carbon and Emery Counties with inpatient and outpatient services and offering professional employment stability.
  • Energy production, mining, and tourism related to nearby recreation areas such as Jurassic National Monument contribute additional economic diversity and visitor activity.
  • Key Employment and Economic Drivers
  • National retailers and logistics operators, including Walmart, sustain local employment and consumer activity in Price.
  • Public Investment and Infrastructure Momentum
  • Strategic Position on the Price Corridor
  • The Ridges occupies a prime location along U.S. Highway 6the primary eastwest route through Carbon Countyconnecting Wellington and Price. As the county seat and largest city in the region, Price serves as the commercial, educational, and healthcare hub for eastern Utah. Positioned just over an ho
  • The Utah Department of Transportation (UDOT) has launched a 2025 construction program totaling $1.68 billion across 152 projects statewide, including improvements to the U.S. 6 and U.S. 191 intersection in Carbon County. These upgrades enhance connectivity, safety, and commuter access to the Price c
  • Utah has also committed $95 million toward a statewide paved trail network, signaling long-term investment in mobility, recreation, and quality of life that supports the regions livability and attractiveness.
  • Utah State University Eastern (USU Eastern) provides local higher education, workforce training, and steady student and faculty housing demand.
  • Market Outlook and Investment Implications
  • Sources: U.S. Census Bureau (2024 estimates); Utah State University Eastern; Castleview Hospital; Utah Department of Transportation; Axios Utah Trail Network Announcement.
  • Stabilized 6.27% cap rate based on below-market rents offering immediate stability and attractive upside through rent growth, operational efficiency and incremental property improvements..
  • The Ridges has experienced virtually zero vacancy under current management and offers investors a rare opportunity to acquire a 37-unit multifamily community featuring spacious, bright units with in-unit laundry, private balconies, and stunning valley views, complemented by a community park and ampl
  • With direct access to U.S. 6 and proximity to Price’s major employment, education, and healthcare anchors, The Ridges is positioned to capture durable renter demand. State infrastructure spending, stable employment, and a diverse economic base support long-term appreciation and reduced vacancy risk.

Contacts

Location

Located at 800 W HIGHWAY DR APT A11, Wellington, UT 84542, this property is part of the Wellington neighborhood.

  • 2/100 Car-Dependent
  • 21/100 Somewhat Bikeable
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