18-Unit Apartment
36 W 1600 N, Sunset, UT 84015
For Sale
$3,999,000
Recently constructed residences feature individual laundry rooms, separate utility meters, and open layouts.
Property Size14,439 SF
Price / SF$276.96
Days on Market180
Property Features for 36 W 1600 N
General Information
Standard status
Size
Property subtype
Units
Unit Mix
Multifamily Units
Individually Metered Utilities
Additional Details
Cap Rate
Tenant in Place
Taxes and HOA fees
Annual Taxes
Amenities
granite counters
lvp flooring
open floor plan
laundry room in all units
Building Details
Building Size
Year Built
Stories
Listing Agency:
Coldwell Banker Realty (South Ogden)
Listed By:
Mandi Lee
(801) 388-7556
Source:
Doxeygroup
Added: May 14
Changed: Nov 8
Last Checked: Nov 8 at 7:53PM
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 Coldwell Banker Realty (South Ogden)
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Investment Insights
Based on property information with market context.
Completed in 2025, this three-story apartment property contains 18 units across two floor plans: 12 one-bedroom, one-bathroom apartments and six two-bedroom, one-bathroom apartments. The units have open layouts, granite countertops, LVP flooring, and individual laundry rooms. Each apartment is separately metered. The building totals 14,439 square feet.
Fifteen apartments are rented, with the remaining three units not described as occupied. The property is in Sunset, Utah.
Fifteen apartments are rented, with the remaining three units not described as occupied. The property is in Sunset, Utah.
Key Highlights
- 18 apartments in a three‑story building
- 12 one‑bedroom, one‑bathroom units and 6 two‑bedroom, one‑bathroom units
- 14,439 square feet; built in 2025
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$164,245
Cap Rate
4.11%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,284,900
$3.3M
Cap Rate 7%
$2,346,357
$2.3M
Cap Rate 9%
$1,824,944
$1.8M
Market Conditions
NOI Build-Up for 14,439 SF
Gross rent
$331.8K $22.98/SF
− Vacancy
−$33.2K −$2.30/SF
EGI
$298.6K $20.68/SF
− OpEx
−$134.4K −$9.31/SF
NOI
$164.2K $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%
$3,284,900
Cap Rate 7%
$2,346,357
Cap Rate 9%
$1,824,944
Alternative Uses
Best Use
Apartment 5plus
$2.35M
$2.05M – $2.74M
NOI $164,245 @ 7.0% cap · market cap 4.11%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.33M
$2.92M – $3.89M
NOI $233,436 @ 7.0% cap · market cap 5.84%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
18
Residential units
Location Intelligence
Trade Area within ½ mile
142
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
Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - Recently constructed residences feature individual laundry rooms, separate utility meters, and open layouts.
Where is this apartment building located?
The property is located at 36 W 1600 N Sunset, UT.
What is the asking price?
The asking price for this property is $3,999,000.
What are key features of this property?
This property features: 18 apartments in a three‑story building; 12 one‑bedroom, one‑bathroom units and 6 two‑bedroom, one‑bathroom units; 14,439 square feet; built in 2025
