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Investment Properties for Sale in Monroe, Utah
Monroe is a small Sevier County town of roughly 2,500 residents sitting at about 5,400 feet on the west side of the Sevier Valley, eight miles south of Richfield off I-70. For investors, the appeal is straightforward: entry prices are well below the Wasatch Front, the rental pool draws from agricultural workers, Sevier Valley Hospital staff, teachers, and a steady trickle of remote workers who want acreage without paying Heber or Park City prices. Mystic Hot Springs sits right in town, and the Paiute ATV Trail system funnels tourism dollars through Monroe nine months a year, which keeps short-term rental demand healthier than the population alone would suggest.
The inventory that shows up under this category in Monroe usually falls into a few buckets — older single-family homes near Main Street that pencil as long-term rentals, properties with shop space or a few irrigated acres that appeal to tenants with horses or trailers, and occasional fix-and-flip candidates from the 1940s–1970s housing stock. Cap rates here tend to outperform Salt Lake County simply because acquisition costs are lower, though you trade thinner tenant pools and longer vacancy cycles for that math. Water shares, septic systems, and well status matter more than they would in a subdivision, so due diligence looks different than a typical urban purchase. Browse the active listings below to see what's currently on the market in Monroe.
June 2026 · Monroe market
Live from the Utah MLS — what's actually happening in Monroe right now.
Median sale
$340,486
2 closed in June 2026
Median DOM
135 days
listing → contract
Sale-to-list
101.3%
of final list price
Unsold inventory
25
active + pending
6 matching · page 1 of 1
Active listings
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Common questions
About investment properties in Monroe.
What kinds of investment properties typically come up in Monroe? ▾
Most of what hits the market here is single-family homes on larger lots, older bungalows near downtown that work as long-term rentals, and occasional small acreage parcels with outbuildings or water shares. You'll also see the odd duplex or fixer near Main Street. True multifamily inventory is thin, so investors usually build a portfolio one single-family at a time.
Does Monroe support short-term rentals like Airbnb? ▾
Monroe sits close to Mystic Hot Springs, Big Rock Candy Mountain, and the Paiute ATV Trail, which drives steady visitor demand spring through fall. The city is smaller and more permissive than resort towns, but always confirm current short-term rental rules with Monroe City and Sevier County before closing — ordinances change, and HOA-style covenants can apply in newer subdivisions.
What rental rates can a landlord expect in Monroe? ▾
Long-term rents for a 3-bed single-family typically run in the $1,200–$1,700 range depending on condition, acreage, and outbuildings. Furnished nightly rates tied to ATV and hot-springs tourism can push monthly gross well above that during peak season, though winter occupancy drops off sharply once snow shuts down the high-country trails.
Are water rights something I need to worry about? ▾
Yes — anything with pasture, irrigated lot, or acreage in Sevier County should be evaluated for deeded water shares (often Monroe Irrigation Company or similar). Water shares carry real dollar value and don't always automatically convey. Ask the listing agent for share certificates and confirm transfer with the irrigation company before you write the offer.
How does Monroe compare to Richfield for investors? ▾
Richfield is the regional hub with the hospital, Walmart, and Sevier Valley Center, so it carries higher prices and deeper tenant pools. Monroe, eight miles south, trades at a lower entry point and leans more on tourism-driven and workforce rentals. Many investors hold properties in both towns to balance steady long-term cash flow with seasonal upside.
What should I budget for repairs on older Monroe homes? ▾
A lot of the housing stock predates 1980, so plan inspections around the usual rural-Utah issues: galvanized or polybutylene plumbing, older electrical panels, septic systems, well pumps, and irrigation pipe. Heating is often a mix of forced air and wood stoves. Budget a healthy reserve in year one — these homes cash flow well once deferred maintenance is caught up.