bds
|
ba
|
sqft
ac lot
|
car garage
|
|
Investment Properties for Sale in Erda, Utah
Erda sits in the Tooele Valley about 35 minutes west of Salt Lake City via I-80, and it's one of the few Wasatch Front-adjacent areas where investors can still find homes on half-acre to five-acre lots without paying Park City or Draper prices. The city officially incorporated in 2022, which has shifted the regulatory picture: zoning is still predominantly rural-residential, lot splits are tightly controlled, and the new municipal code is shaping what investors can and can't do with accessory dwellings, short-term rentals, and small multifamily projects. That regulatory tightening is part of what makes existing income-producing parcels more interesting — supply isn't expanding the way it did in the 2010s.
Rental demand in Erda is driven by Tooele Army Depot workers, employees at US Magnesium and the growing Ninigret industrial corridor, and Salt Lake Valley commuters priced out of South Jordan and Herriman. Long-term single-family rentals dominate the market; duplexes and true small multifamily are rare. Investors typically focus on three angles here: buy-and-hold SFR with shop or outbuilding appeal, land banking on larger acreage as the Midvalley Highway and Stansbury growth continue north, or horse-property rentals that command a premium because so few exist within commuting distance of SLC. Water rights, well status, and secondary irrigation shares matter as much as the structure itself, so due diligence runs deeper than a standard suburban deal. Browse the active listings below to see what's currently on the market.
May 2026 · Erda market
Live from the Utah MLS — what's actually happening in Erda right now.
Median sale
$640,000
5 closed in May 2026
Median DOM
59 days
listing → contract
Sale-to-list
98.5%
of final list price
Unsold inventory
25
active + pending
2 matching · page 1 of 1
Active listings
Prefer the map?
See all 2 investment properties on a map
Pan around Erda and refine by drawing your own boundary.
Common questions
About investment properties in Erda.
What kinds of investment properties show up in Erda? ▾
The mix skews toward single-family homes on half-acre to multi-acre lots, occasional horse properties with outbuildings, and the rare small ranch or land parcel suitable for a build-to-rent project. True duplexes and small multifamily are uncommon because most of Erda is zoned RR-1 or RR-5 (rural residential), so house hacking an ADU or accessory dwelling is often the more realistic play.
Does Erda allow short-term rentals like Airbnb? ▾
Erda incorporated as a city in 2022 and is still building out its ordinance framework, but Tooele County's historical stance on STRs in rural-residential zones has been restrictive. Before underwriting a nightly rental, verify current Erda City code and any HOA covenants — long-term rentals (30+ days) are the safer assumption for most properties here.
Who actually rents in Erda? ▾
Tenant demand comes largely from workers at the Tooele Army Depot, US Magnesium, the Ninigret Depot industrial park, and commuters heading to the Salt Lake Valley via SR-138 and I-80. Families wanting space, a shop, or room for animals at a lower price point than Herriman or South Jordan make up a steady share of the rental pool.
What price range should I expect for a rentable single-family home? ▾
Most rent-ready homes in Erda trade in the mid-$500Ks to low-$800Ks depending on lot size, outbuildings, and finish level. Larger acreage parcels with a home and shop can push past $1M. Rents typically run $2,400-$3,400 for a standard 3-4 bedroom, which makes cash flow tight at current rates — most investors here are betting on appreciation and land value.
Is Erda a good appreciation play? ▾
The Midvalley Highway connection, ongoing residential development north of Erda Way, and continued spillover from the Salt Lake Valley have pushed values up meaningfully since 2020. Land scarcity inside the new city limits and proximity to the planned Lake Point and Stansbury growth corridors give the area a reasonable long-term tailwind, though buyers should expect normal market cycles along the way.
Are water rights a factor when buying investment property in Erda? ▾
Yes — this is one of the most important due-diligence items in Tooele Valley. Many larger parcels carry shares in local irrigation companies or have private wells with specific acre-foot allocations. Confirm water rights, well permits, and secondary water access in writing before closing, because they materially affect both rental appeal and resale value.