Triplex with Updated
New
For Sale
$550,000
429 CENTER ST, Clearfield, UT 84015
The 2,080-square-foot property includes shared laundry and a mix of one- and two-bedroom rentals.
Property Size2,080 SF
Price / SF$264.42
Days on Market6
Property Features for 429 CENTER ST
General Information
Standard status
Active
Size
2,080 SF
Property subtype
Triplex
Building Details
Building Size
2,080 SF
Year Built
1944
Listing Agency:
Lift Realty
Listed By:
Spencer Clawson · License #6608967-PB00
(801) 636-8426
Source:
Liftrealty
Added: Oct 1
Changed: Oct 4
Last Checked: Oct 5 at 7:23PM
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 Lift Realty
Investment Insights
Based on property information with market context.
Built in 1944, this triplex contains 2,080 square feet across three rental units. The configuration comprises one one-bedroom, one-bathroom unit and two two-bedroom, one-bathroom units. Interiors have been updated, and residents share laundry facilities. The property is fully occupied, with tenants paying utilities and professional management in place.
The property is in Clearfield, near Hill Air Force Base, freeway access, shopping, and everyday amenities.
The property is in Clearfield, near Hill Air Force Base, freeway access, shopping, and everyday amenities.
Key Highlights
- Three units: one 1‑bedroom, 1‑bathroom unit and two 2‑bedroom, 1‑bathroom units
- 2,080 square feet; built in 1944
- Shared laundry and updated interiors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,537
Cap Rate
4.64%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$510,740
$510.7K
Cap Rate 7%
$364,814
$364.8K
Cap Rate 9%
$283,744
$283.7K
Market Conditions
NOI Build-Up for 2,080 SF
Gross rent
$40.3K $19.38/SF
− Vacancy
−$3.8K −$1.84/SF
EGI
$36.5K $17.54/SF
− OpEx
−$10.9K −$5.26/SF
NOI
$25.5K $12.28/SF
Area
Davis County, UT
Vacancy
9.50%
Lease Rate
$19.38 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$510,740
Cap Rate 7%
$364,814
Cap Rate 9%
$283,744
Alternative Uses
Best Use
Multifamily LT 5
$364.8K
$319.2K – $425.6K
NOI $25,537 @ 7.0% cap · market cap 4.64%
Second Best
Apartment 5plus
$338.0K
$295.8K – $394.3K
NOI $23,660 @ 7.0% cap · market cap 4.30%
Theoretical Best
Office A
$480.4K
$420.3K – $560.5K
NOI $33,627 @ 7.0% cap · market cap 6.11%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
673
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Triplex - The 2,080-square-foot property includes shared laundry and a mix of one- and two-bedroom rentals.
Where is this triplex located?
The property is located at 429 CENTER ST Clearfield, UT.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: Three units: one 1‑bedroom, 1‑bathroom unit and two 2‑bedroom, 1‑bathroom units; 2,080 square feet; built in 1944; Shared laundry and updated interiors
