6-Unit Apartment
For Sale
$1,600,000
646 N MAIN ST Unit 5, Brigham City, UT 84302
A renovated three-bedroom residence complements five occupied units.
Property Size2 SF
Price / SF$177.78
Days on Market9
Property Features for 646 N MAIN ST Unit 5
General Information
Standard status
Active
Size
2 SF
Total Parking Spaces
12
Property subtype
> 4 Units
Units
Unit Mix
5 x 2BR/2BA, 1 x 3BR/2BA
Multifamily Units
6
Additional Details
Gross Income
$64,500
Road Access
Yes
Building Details
Building Size
2 SF
Year Built
1994
Buildings
1
Listing Agency:
Unity Group Real Estate LLC
(801) 661-6725
Listed By:
Tiffany Nguyen
(801) 245-9754
Source:
Liftrealty
Added: Oct 16
Changed: Oct 23
Last Checked: Oct 23 at 8:42AM
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 Unity Group Real Estate LLC
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Investment Insights
Based on property information with market context.
This six-unit apartment property, built in 1994, has five occupied residences and one renovated unit with three bedrooms and two bathrooms. Each occupied unit has two finished bedrooms, two bathrooms, and an additional unfinished basement bedroom. The renovated residence contains approximately 1,500 square feet.
The property is located on N Main Street in Brigham City and is surrounded by mature trees. Parking includes 12 spaces, six of them covered.
The property is located on N Main Street in Brigham City and is surrounded by mature trees. Parking includes 12 spaces, six of them covered.
Key Highlights
- Six‑unit apartment property with five occupied residences
- Renovated unit offers 3 bedrooms and 2 bathrooms across approximately 1,500 square feet
- Each occupied unit has 2 finished bedrooms, 2 bathrooms, and an unfinished basement bedroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$81,817
Cap Rate
5.11%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,636,340
$1.6M
Cap Rate 7%
$1,168,814
$1.2M
Cap Rate 9%
$909,078
$909.1K
Market Conditions
NOI Build-Up for 9,000 SF
Gross rent
$158.8K $17.64/SF
− Vacancy
−$10.0K −$1.11/SF
EGI
$148.8K $16.53/SF
− OpEx
−$66.9K −$7.44/SF
NOI
$81.8K $9.09/SF
Area
Box Elder County, UT
Vacancy
6.30%
Lease Rate
$17.64 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,636,340
Cap Rate 7%
$1,168,814
Cap Rate 9%
$909,078
Alternative Uses
Best Use
Apartment 5plus
$1.17M
$1.02M – $1.36M
NOI $81,817 @ 7.0% cap · market cap 5.11%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.34M
$2.05M – $2.73M
NOI $163,604 @ 7.0% cap · market cap 10.23%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
6
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
641
Businesses Nearby
Explore this area
Business Placement
Demographics for 84302, UT
26,564
Population
9,355
Households
2.8
Avg Household Size
34
Median Age
30%
College-Educated
93%
High-School Grad
79.5 sq mi
ZIP Area
334
Density / Sq Mi
$75,247
Median Household Income
$39,468
Median Earnings
$957
Median Rent
$343,100
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
Frequently Asked Questions
What type of property is this?
Apartment building - A renovated three-bedroom residence complements five occupied units.
Where is this apartment building located?
The property is located at 646 N MAIN ST Unit 5 Brigham City, UT.
What is the asking price?
The asking price for this property is $1,600,000.
What are key features of this property?
This property features: Six‑unit apartment property with five occupied residences; Renovated unit offers 3 bedrooms and 2 bathrooms across approximately 1,500 square feet; Each occupied unit has 2 finished bedrooms, 2 bathrooms, and an unfinished basement bedroom
