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    The Largest CRE Database in the US with Over 1 Million Listings

    331 N 400 E Logan, UT 84321

    View on Map
    Sponsored
    For Sale
    $2,995,000

    MULTI_FAMILY - Logan, UT

    Property size:
    7,500 SF
    Lot size:
    0.62 Acres
    Days on Market:
    123
    Last Refresh:
    Mar 5 at 12:06 pm

    Property Features for 331 N 400 E

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Window features
    Blinds
    Zoning
    Multi-Family
    Rooms
    Bathroom 12, Bathroom 15, Bedroom 13, Bathroom 7, Bathroom 9, Bedroom 14, Bathroom 6, Bedroom 6, Bedroom 1, Bedroom 10, Bathroom 1, Bathroom 13, Bedroom 3, Bedroom 12, Bathroom 10, Bedroom 11, Bedroom 16, Bathroom 3, Bedroom 8, Bathroom 4, Bathroom 16, Bathroom 2, Bedroom 4, Bathroom 5, Bathroom 14, Bedroom 7, Bedroom 15, Bathroom 11, Bedroom 9, Bedroom 2, Bathroom 8, Bedroom 5
    Bedrooms
    16
    Bathrooms
    16
    APN
    06-046-0034
    Parking
    16
    Parking features
    Covered
    Size
    7,500 SF
    Lot size
    0.62 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Central, Natural Gas

    Building Details

    Year built
    1965
    Number of units
    16
    Flooring type
    Hardwood
    Roof type
    Asphalt

    We can help!

    Listing Contact
    Bryce Anderson

    Intermountain Properties (801) 899-9102

    Listing agent Bryce Anderson (801) 899-9102

    Listing date Nov 3, 2025

    MLS# 2077526 Listing URL

    Copyright © 2026 UtahRealEstate.com. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Remodeled Logan Apartment Complex

    This multi-family apartment complex is located in a quiet neighborhood in Logan, Utah. The property features sixteen spacious studio apartments, eight on the main floor and eight on the second floor, each with the same layout. The entire property was remodeled in 2019, with new plumbing, electrical systems, outlets, fixtures, insulation, drywall, paint, flooring, cabinets, countertops, sinks, refrigerators, stoves, microwaves, furnaces, water heaters, culture marble showers, exterior and interior doors, windows, and blinds. In 2023, the roof was replaced. In 2024, new gutters, soffit, and fascia were installed, along with new subflooring on the upper walkway for the second story. The exterior building and railings were repainted, and the parking lot received fresh blacktop sealing with newly painted lines and numbers. A new fence was added on the south side of the property in 2024. Each unit rents for $1,000, including WiFi, with all leases being 12-month terms. The property is situated on a 0.62-acre lot. The property is near downtown Logan. The complex is attractive to both tenants and investors, with a history of no vacancies, primarily housing married students attending USU or working adults. The property has potential to add covered parking to increase rent income as well.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Logan Canyon Apartments Apartment Building

    Suggested Use

    Law Firm Real Estate Agency Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Logan
    County
    Cache
    State
    Utah
    Longitude
    -111.82522
    Latitude
    41.737595

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    FAQs

    What type of property is this?
    Apartment building - Remodeled 16-unit apartment complex in Logan, Utah.
    Where is this apartment building located?
    The property is located at 331 N 400 E Logan, UT.
    What is the asking price?
    The asking price for this property is $2,995,000.
    What are key features of this property?
    This property features: - 100% Remodeled Apartment Complex: Enjoy modern amenities and appeal inside and out.; - Strong Rental History: Benefit from stable income with tenants on 12-month leases and no vacancies.; - Recent Upgrades: New roof (2023), gutters, soffit & fascia, exterior paint, parking lot sealing, and a new fence (2024).
    (801) 948-0220
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    331 N 400 E Logan, UT 84321
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    Logan, UT 84321
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    331 N 400 E Logan, UT 84321
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    We can help!
    Listing Contact
    Bryce Anderson
    (801) 948-0220 (801) 899-9102
    Learn more
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