Updated Multifamily
New
For Sale
$840,000
1425 W 1650 St N, Layton, UT 84041
Multifamily property with renovated interiors, individual laundry hookups, and one garage space assigned to each unit.
Property Size3,848 SF
Price / SF$218.30
Days on Market6
Property Features for 1425 W 1650 St N
General Information
Standard status
Active
Size
3,848 SF
Property subtype
Multi-Family
Additional Details
Gross Income
$53,400
Parking per Unit
1
Amenities
laundry hook-ups
garage space
Building Details
Year Built
1984
Listing Agency:
Paradise Real Estate
(385) 352-6210
Listed By:
Belknap Team
(385) 352-6210
Source:
Forsaleutahrealestate
Added: Aug 25
Changed: Aug 30
Last Checked: Aug 30 at 12:13AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Paradise Real Estate
Investment Insights
Based on property information with market context.
This multifamily property contains 3,848 square feet and was built in 1984. Interior improvements completed within the past 7 years include kitchen and appliance upgrades, refreshed bathroom vanities, and other unit updates. Each unit has its own laundry hookups and one garage space.
Property-wide improvements include a newer roof, water heaters, siding, and furnaces. The units are leased on annual terms, with lease expirations occurring in October and November. The property is located at 1425 W 1650 St N in Layton, Utah.
Property-wide improvements include a newer roof, water heaters, siding, and furnaces. The units are leased on annual terms, with lease expirations occurring in October and November. The property is located at 1425 W 1650 St N in Layton, Utah.
Key Highlights
- 3,848‑square‑foot multifamily property built in 1984
- Unit interiors updated within the past 7 years
- Each unit includes laundry hookups and one garage space
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$43,771
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.21%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$875,420
$875.4K
Cap Rate 7%
$625,300
$625.3K
Cap Rate 9%
$486,344
$486.3K
Market Conditions
NOI Build-Up for 3,848 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$88.4K $22.98/SF
− Vacancy
−$8.8K −$2.30/SF
EGI
$79.6K $20.68/SF
− OpEx
−$35.8K −$9.31/SF
NOI
$43.8K $11.38/SF
Area
Davis County, UT
Vacancy
10.00%
Lease Rate
$22.98 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$875,420
Cap Rate 7%
$625,300
Cap Rate 9%
$486,344
Alternative Uses
Best Use
Apartment 5plus
$625.3K
$547.1K – $729.5K
NOI $43,771 @ 7.0% cap · market cap 5.21%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$888.7K
$777.6K – $1.04M
NOI $62,211 @ 7.0% cap · market cap 7.41%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,965
Businesses Nearby
Explore this area
Business Placement
Demographics for 84041, UT
55,289
Population
19,171
Households
2.9
Avg Household Size
30
Median Age
31%
College-Educated
95%
High-School Grad
14.9 sq mi
ZIP Area
3,711
Density / Sq Mi
$87,608
Median Household Income
$43,804
Median Earnings
$1,404
Median Rent
$395,800
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Multifamily property - Multifamily property with renovated interiors, individual laundry hookups, and one garage space assigned to each unit.
Where is this multifamily property located?
The property is located at 1425 W 1650 St N Layton, UT.
What is the asking price?
The asking price for this property is $840,000.
What are key features of this property?
This property features: 3,848‑square‑foot multifamily property built in 1984; Unit interiors updated within the past 7 years; Each unit includes laundry hookups and one garage space
