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Investment Properties for Sale in Gunnison, Utah
Gunnison is a working agricultural town of about 3,500 people sitting at the south end of Sanpete County, where the valley opens up between the San Pitch Mountains and the Sevier River. For investors, the economic anchors are unusually steady for a town this size: the Central Utah Correctional Facility is one of the largest employers in the region, Gunnison Valley Hospital draws medical staff and traveling nurses, and Snow College in nearby Ephraim creates a constant flow of student and faculty housing demand within commuting distance. Add in agriculture, trucking along US-89, and small manufacturing, and you get a renter base that doesn't disappear when one industry has a bad year.
Investment-grade homes here usually fall into a few buckets: older single-family houses on deep lots near downtown that can support shops, ADUs, or RV parking; mid-century three-bedrooms in the established grid that rent well to corrections and hospital workers; and the occasional small multi-family building that rarely hits the open market. Price points stay reasonable compared to the Wasatch Front, property taxes are low, and tenant turnover tends to be slow because there simply isn't much competing inventory. Cash flow is the play in Gunnison — appreciation is steadier and quieter than in tourism towns. Browse the active listings below to see what's currently available, and reach out if you want help running rent comps or evaluating a specific address.
May 2026 · Gunnison market
Live from the Utah MLS — what's actually happening in Gunnison right now.
Median sale
$425,000
3 closed in May 2026
Median DOM
90 days
listing → contract
Sale-to-list
96.2%
of final list price
Unsold inventory
12
active + pending
3 matching · page 1 of 1
Active listings
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Common questions
About investment properties in Gunnison.
What kind of rental demand does Gunnison have? ▾
Gunnison's rental pool leans on Central Utah Correctional Facility employees, Gunnison Valley Hospital staff, Snow College commuters heading to Ephraim, and agricultural workers. Vacancy stays tight because new construction is limited and the town sits at a crossroads of stable government and healthcare jobs. Single-family rentals and small duplexes turn over quickly when priced reasonably.
What do investment properties in Gunnison typically cost? ▾
Most rental-grade single-family homes in Gunnison trade in the $250,000 to $400,000 range depending on age, lot size, and outbuildings. Duplexes and small multi-unit properties are rare and usually sell off-market or quickly when listed. Older homes on larger lots near Main Street sometimes pencil well because of additional units, shops, or ADU potential.
Are short-term rentals viable in Gunnison? ▾
Gunnison is not a tourism town like Moab or Park City, so nightly rental demand is thin. Mid-term furnished rentals aimed at traveling nurses at Gunnison Valley Hospital, contractors, and corrections staff doing temporary assignments tend to perform better than Airbnb-style stays. Check current Gunnison City ordinances before assuming any short-term use is allowed.
What rents can a landlord expect? ▾
A clean three-bedroom single-family home in Gunnison typically rents between $1,400 and $1,800 per month, with newer or larger homes pushing higher. Older two-bedroom homes and small cottages fall in the $1,000 to $1,300 range. Furnished mid-term rentals targeting hospital travelers can command meaningful premiums over unfurnished pricing.
Does Gunnison have any multi-family inventory? ▾
Multi-family inventory is genuinely scarce. The town's housing stock is mostly single-family with a handful of duplexes and a few older fourplexes scattered around the older grid streets. Investors looking for true multi-unit deals often expand the search to nearby Centerfield, Mayfield, and Ephraim to round out a portfolio in Sanpete and Sevier counties.
How far is Gunnison from Salt Lake City and other job centers? ▾
Gunnison sits roughly 135 miles south of Salt Lake City, about a two and a half hour drive up I-15 and US-89. Richfield is 30 minutes south, Nephi is 45 minutes north, and Ephraim with Snow College is about 25 minutes northeast. That positioning makes it a quiet small-town rental market rather than a commuter suburb.