Multifamily Property with 48
160 N Main St, Clearfield, UT 84015
For Sale
Contact for pricing
Pending
48-unit multifamily property available for sale.
Property Size81,600 SF
Days on Market254
Property Features for 160 N Main St
General Information
Standard status
Size
Property subtype
Building Details
Year Built
Buildings
Units
Listing Agency:
Marcus & Millichap - Salt Lake City
Listed By:
Jake Miles · License UT 11449836-SA00
Source:
Crexi
Added: Mar 2
Changed: Aug 8
Last Checked: Aug 8 at 6:32AM
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 Marcus & Millichap - Salt Lake City
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This multifamily property features 48 units. The property size is 81,600 square feet. It is located at 160 N Main St, Clearfield, UT 84015.
Key Highlights
- Multifamily property with 48 units.
- Built in 2023 (new construction).
- Price per unit: $385,417.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$928,208
Cap Rate
5.02%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$18,564,160
$18.6M
Cap Rate 7%
$13,260,114
$13.3M
Cap Rate 9%
$10,313,422
$10.3M
Market Conditions
NOI Build-Up for 81,600 SF
Gross rent
$1.88M $22.98/SF
− Vacancy
−$187.5K −$2.30/SF
EGI
$1.69M $20.68/SF
− OpEx
−$759.4K −$9.31/SF
NOI
$928.2K $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 Rate 5%
$18,564,160
Cap Rate 7%
$13,260,114
Cap Rate 9%
$10,313,422
Alternative Uses
Best Use
Apartment 5plus
$13.26M
$11.60M – $15.47M
NOI $928,208 @ 7.0% cap · market cap 5.02%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$18.85M
$16.49M – $21.99M
NOI $1,319,231 @ 7.0% cap · market cap 7.13%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Location Intelligence
Trade Area within ½ mile
616
Businesses Nearby
Explore this area
Business Placement
Demographics for 84015, UT
68,548
Population
23,058
Households
3
Avg Household Size
30
Median Age
25%
College-Educated
93%
High-School Grad
20.8 sq mi
ZIP Area
3,296
Density / Sq Mi
$92,634
Median Household Income
$43,208
Median Earnings
$1,385
Median Rent
$377,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - 48-unit multifamily property available for sale.
Where is this apartment building located?
The property is located at 160 N Main St Clearfield, UT.
What is the asking price?
The asking price for this property is $18,500,000.
What are key features of this property?
This property features: Multifamily property with 48 units.; Built in 2023 (new construction).; Price per unit: $385,417.
