30-Unit Apartment
For Sale
Contact for pricing
1771 S Renaissance Towne Dr, Bountiful, UT 84010
Newly constructed multifamily property with one- and two-bedroom residences, private balconies, and controlled-access parking.
Property Size29,961 SF
Lot Size0.73 Acres
Price / SF$310.40
Days on Market58
Property Features for 1771 S Renaissance Towne Dr
General Information
Standard status
Active
Size
29,961 SF
Lot size
0.73 Acres
Property subtype
Multifamily
Additional Details
Multifamily Units
30
Amenities
controlled access parking
oversized private balconies
dedicated high-speed fiber internet
extra-large bedrooms
Listing Agency:
LEOLA Commercial Inc
Listed By:
Jesus Henao · License #11838985-PB00
Source:
Crexi
Added: Sep 3
Changed: Oct 25
Last Checked: Oct 28 at 8:58AM
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 LEOLA Commercial Inc
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Investment Insights
Based on property information with market context.
This newly constructed apartment property contains 30 units across 29,961 square feet on a 0.73-acre site. The unit mix includes one-bedroom and two-bedroom residences, with extra-large bedrooms and oversized private balconies. Residents also have access to dedicated high-speed fiber internet and controlled-access parking.
Located at 1771 S Renaissance Towne Dr in Bountiful, Utah, the property offers a contemporary multifamily configuration with a range of resident-focused features. Its centralized building design, varied unit mix, parking access, balconies, and dedicated connectivity support a modern apartment setting.
Located at 1771 S Renaissance Towne Dr in Bountiful, Utah, the property offers a contemporary multifamily configuration with a range of resident-focused features. Its centralized building design, varied unit mix, parking access, balconies, and dedicated connectivity support a modern apartment setting.
Key Highlights
- 30‑unit apartment building
- 29,961 SF building on a 0.73‑acre lot
- Mix of 1‑bedroom and 2‑bedroom units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$340,809
Cap Rate
3.66%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,816,180
$6.8M
Cap Rate 7%
$4,868,700
$4.9M
Cap Rate 9%
$3,786,767
$3.8M
Market Conditions
NOI Build-Up for 29,961 SF
Gross rent
$688.5K $22.98/SF
− Vacancy
−$68.9K −$2.30/SF
EGI
$619.7K $20.68/SF
− OpEx
−$278.8K −$9.31/SF
NOI
$340.8K $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 Rate 5%
$6,816,180
Cap Rate 7%
$4,868,700
Cap Rate 9%
$3,786,767
Alternative Uses
Best Use
Apartment 5plus
$4.87M
$4.26M – $5.68M
NOI $340,809 @ 7.0% cap · market cap 3.66%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$6.92M
$6.05M – $8.07M
NOI $484,381 @ 7.0% cap · market cap 5.21%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Lease Details
30
Residential units
Location Intelligence
Trade Area within ½ mile
920
Businesses Nearby
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Business Placement
Demographics for 84010, UT
48,439
Population
16,103
Households
3
Avg Household Size
35
Median Age
46%
College-Educated
98%
High-School Grad
38.0 sq mi
ZIP Area
1,275
Density / Sq Mi
$102,038
Median Household Income
$45,472
Median Earnings
$1,458
Median Rent
$486,000
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - Newly constructed multifamily property with one- and two-bedroom residences, private balconies, and controlled-access parking.
Where is this apartment building located?
The property is located at 1771 S Renaissance Towne Dr Bountiful, UT.
What is the asking price?
The asking price for this property is $9,300,000.
What are key features of this property?
This property features: 30‑unit apartment building; 29,961 SF building on a 0.73‑acre lot; Mix of 1‑bedroom and 2‑bedroom units
