Logan 16-Unit Apartment
For Sale
Contact for pricing
331 N 400 E, Logan, UT 84321
Remodeled studio apartments near Utah State University.
Property Size7,500 SF
Price / SF$400
Days on Market171
Property Features for 331 N 400 E
General Information
Standard status
Active
Size
7,500 SF
Class
B
Property subtype
Multifamily
Occupancy
100%
Investment Type
Stabilized
Net Operating Income
$173,873
Building Details
Year Built
1965
Year Renovated
2024
Buildings
1
Stories
2
Units
16
Listing Agency:
Newmark Mountain West
Listed By:
Chet Barber · License #5493255-AB00
Source:
Crexi
Added: Feb 23
Changed: Aug 8
Last Checked: Aug 12 at 12:12PM
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 Newmark Mountain West
Investment Insights
Based on property information with market context.
This 16-unit apartment building features large studio apartments, each with one bathroom. In 2019, each unit was completely remodeled down to the studs, including new kitchen cabinets, appliances, and bathroom fixtures. The Logan Canyon Apartment community primarily houses students and young families in Logan. Each unit is separately metered, with tenants responsible for their own electricity and gas bills. The property has historically supported and benefited students and alumni of Utah State University (USU), founded in 1888. USU has a large student body and alumni network. The area has experienced economic growth, with manufacturing, data, and finance companies establishing a presence. Population growth has exceeded the production of housing units. The property, with a total size of 7500 square feet, is intended to support the growth and education of the area.
Key Highlights
- Remodeled in 2019: Each unit was completely remodeled down to the studs with new kitchen cabinets, appliances, and bathroom fixtures.
- Strong Rental Market: Benefits from proximity to Utah State University (USU) with a large student and alumni population.
- High Profitability Potential: Rents are currently below market value, offering significant upside.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
873
Businesses Nearby
Explore this area
Business Placement
Demographics for 84321, UT
49,550
Population
17,213
Households
2.9
Avg Household Size
26
Median Age
38%
College-Educated
92%
High-School Grad
220.1 sq mi
ZIP Area
225
Density / Sq Mi
$66,262
Median Household Income
$24,946
Median Earnings
$1,037
Median Rent
$360,300
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Apartment building - Remodeled studio apartments near Utah State University.
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 $3,000,000.
What are key features of this property?
This property features: Remodeled in 2019: Each unit was completely remodeled down to the studs with new kitchen cabinets, appliances, and bathroom fixtures.; Strong Rental Market: Benefits from proximity to Utah State University (USU) with a large student and alumni population.; High Profitability Potential: Rents are currently below market value, offering significant upside.
