Lehi Multifamily Buyer
Sell Your Commercial Property In Lehi, UT
Skyline Capital Investments buys commercial apartment buildings of 5+ units in Lehi and across Utah County — listed or off-market, stabilized or value-add. Get clear feedback on your deal, typically within 48 hours.
- Clear feedback on your deal, typically within 48 hours
- 5 to 100+ units, stabilized or distressed, listed or off-market
- Owners, agents, and brokers welcome — every conversation is confidential
We buy:Tired landlordsEstate & trust sales1031 exchangesDeferred maintenanceHigh vacancyPartnership splits
Where We Look: Traverse Mountain · Downtown Lehi · Saratoga Springs · American Fork — Utah County, UT
Why Lehi
Why We Buy Multifamily In Lehi
Lehi is a Utah County city of 85,173 residents, per Census ACS 2020-2024. Renters occupy 24.8% of Lehi homes, and median gross rent is $1,964, $423 above Utah County. Owners who sell commercial property in Lehi, UT find 11.2% of units in 5+ unit buildings, against 16.3% across Utah County. Lehi's median household income is $131,299, and its median year built is 2007. This page covers Lehi renters, HUD FY2027 rents, Utah County property taxes with a $2 million example, and Utah landlord rules.
Adobe's Lehi campus
Utah's July 13, 2017 incentive agreement projected up to 1,260 new Adobe jobs in Lehi.Texas Instruments LFAB
TI's LFAB 300-millimeter fab began production in Lehi in December 2022 with over 275,000 square feet of clean room.Thanksgiving Point
Thanksgiving Point in Lehi sold 2 million tickets in 2023, per its 2024 media kit.Our Buy Box
What We Buy In Lehi
Asset Type
Multifamily, 5+ Units
Apartment buildings and income-producing residential.
Size
5 – 100+ Units
Sweet spot: 15–25 units.
Condition
Stabilized To Distressed
Value-add, mismanaged, and high-vacancy properties welcome.
Deal Types
Listed Or Off-Market
Direct-to-owner, pocket listings, portfolios.
Local Market Data
Lehi Apartment Market
Figures gathered October 2026 from public market data.
Who rents in Lehi
Renters occupy 24.8% of Lehi's 23,886 occupied homes, per Census ACS 2020-2024 tenure data. Buildings with five or more units hold 11.2% of Lehi housing, or 2,733 units, per table B25024. Lehi's median year built is 2007, and 8.5% of units predate 1980, per table B25034.
Owners who sell commercial real estate in Lehi, UT offer buildings in a market where renters trail Utah County's 31.7% share.
Rents and affordability in Lehi
Lehi's median gross rent is $1,964 a month, $423 above Utah County's $1,541, per ACS 2020-2024 table B25064. In Lehi, 35.2% of renters pay 30% or more of income on rent, per table B25070.
| Unit size | HUD FY2027 FMR |
|---|---|
| Efficiency | $1,186 |
| One-bedroom | $1,192 |
| Two-bedroom | $1,363 |
| Three-bedroom | $1,887 |
| Four-bedroom | $2,278 |
These are HUD FY2027 fair market rents for the Provo-Orem-Lehi, UT MSA, effective October 1, 2026.
Property taxes in Utah County
Lehi tax area 010-0000 carried a 2025 total rate of 0.008373, per the Utah State Tax Commission's 2025 rates by tax area. Alpine School District levies 0.005774 of that, and Lehi City levies 0.001163. Utah Code 59-2-103 cuts residential value 45% for each unit that is a tenant's primary residence.
A $2,000,000 Lehi apartment building without that reduction is taxed on $2,000,000, a 2025 bill of $16,746.00. With the 45% reduction it is taxed on $1,100,000, a bill of about $9,210.30. To sell commercial property in Lehi, UT, expect buyers to price that bill and the appeal deadline in Utah Code 59-2-1004, the later of September 15 or 45 days after the notice.
Landlord rules in Lehi
- Utah Code 57-17-3 requires the deposit balance and itemized deductions within 30 days after the renter vacates.
- Utah Code 78B-6-802 sets a three-business-day pay-or-vacate notice and 15 calendar days' notice to end a monthly tenancy.
- Utah Code 57-20-1 bars cities from controlling rents without express approval from the Legislature.
What it means for an owner in Lehi
Lehi rents run $601 above HUD's $1,363 two-bedroom FMR. When you sell commercial property in Lehi, UT, buyers weigh that premium against a median build year of 2007.
Skyline Capital Investments buys 5+ unit apartment buildings in Lehi. Run your numbers in our cap rate calculator first, then see how to sell your apartment building in Lehi without a listing.
Local Knowledge
What Shapes A Lehi Offer
More about selling in Utah →Investing in Lehi? See apartment syndications in Lehi →
- To sell commercial real estate in Lehi, UT, model taxes at area 010-0000's 0.008373 rate.
- Selling commercial property in Lehi means pricing rents $423 above the Utah County median.
- Lehi's 8.5% pre-1980 share trails Utah County's 25.0%, per ACS 2020-2024 table B25034.
Seller Guides
Lehi Seller Situations
Learn More
Taxes & Rules For Lehi Property
The Utah rules that shape any deal in Lehi: what a sale costs in tax, how buildings are taxed, what landlords must follow, and how to defer gains.
Lehi Seller FAQ
How do I sell commercial property in Lehi, UT without listing it?
Send the address, unit count and a rent roll, and Skyline Capital Investments underwrites the building as it stands. We compare in-place rents with the Lehi median gross rent of $1,964 and HUD's FY2027 two-bedroom fair market rent of $1,363.
What should I prepare to sell commercial real estate in Lehi, UT?
Have a rent roll, trailing 12-month statements, the deposit ledger and your 2025 tax notice ready. Utah Code 57-17-3 sets deposit returns within 30 days of move-out. Buyers also check the tax area, since area 010-0000 carried a 2025 rate of 0.008373.
How much property tax does a Lehi apartment building pay?
Lehi tax area 010-0000 had a 2025 total rate of 0.008373. A $2,000,000 building pays $16,746.00 without the exemption. With the 45% residential reduction for tenants' primary residences, it is taxed on $1,100,000 and pays about $9,210.30 a year.
Can Lehi adopt rent control?
No. Utah Code 57-20-1 bars a county, city or town from controlling rents or fees on private residential property without express approval from the Legislature. Buyers compare in-place rents with the Lehi median gross rent of $1,964 from ACS 2020-2024.
Is demand strong if I sell multifamily property in Lehi?
Renters occupy 24.8% of Lehi homes, below Utah County's 31.7%. Median household income is $131,299, against $100,671 across Utah County. In Lehi, 35.2% of renters spend 30% or more of income on rent, versus 43.1% countywide.
Will you buy a Lehi property that needs work or has high vacancy?
Yes. We regularly evaluate value-add, mismanaged, and distressed multifamily properties and underwrite them as they are today — no repairs or lease-up required before selling.
Can I sell my Lehi apartment building off-market?
Yes. We work directly with owners and through listing agents. Off-market conversations are confidential, and we coordinate tours so tenants and staff are not disrupted.
Can I sell rental property in Lehi with tenants in place?
Yes. We buy apartment buildings with tenants in place and keep existing leases intact. As a commercial real estate buyer focused on 5+ unit properties, we underwrite the current rent roll as it stands.
Do I need a broker to sell my apartment building in Lehi?
No. You can work with us directly, or your broker can bring the deal to us. Either way, conversations stay confidential.
Submit A Deal
Have A Property In Lehi?
Send the address, unit count, and asking price if you have one. We keep every conversation confidential.
