Multifamily Property with
New
For Sale
$7,200,000
679 S 200 E, Brigham City, UT 84302
MULTI_FAMILY - Brigham City, UT
Property Size48,384 SF
Lot Size2.00 Acres
Price / SF$148.81
Days on Market1
Property Features for 679 S 200 E
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
Multi-Family
Bedrooms
76
Bathrooms
38
Full bathrooms
38
Rooms
Bedroom 62, Bedroom 47, Bedroom 1, Bathroom 6, Bedroom 71, Bedroom 4, Bedroom 67, Bathroom 24, Bedroom 59, Bedroom 76, Bathroom 9, Bedroom 57, Bathroom 13, Bedroom 53, Bedroom 36, Bathroom 14, Bathroom 31, Bedroom 6, Bathroom 12, Bedroom 20, Bathroom 20, Bathroom 35, Bedroom 28, Bedroom 46, Bedroom 43, Bedroom 27, Bathroom 23, Bathroom 38, Bedroom 54, Bedroom 8, Bedroom 45, Bedroom 75, Bathroom 5, Bathroom 36, Bathroom 21, Bathroom 8, Bedroom 50, Bedroom 55, Bedroom 41, Bedroom 65, Bathroom 15, Bedroom 16, Bedroom 23, Bedroom 11, Bedroom 70, Bedroom 38, Bedroom 66, Bedroom 5, Bedroom 42, Bathroom 33, Bedroom 61, Bedroom 33, Bedroom 24, Bathroom 18, Bedroom 34, Bathroom 2, Bedroom 68, Bedroom 10, Bedroom 73, Bathroom 27, Bedroom 14, Bedroom 30, Bedroom 3, Bathroom 10, Bedroom 29, Bathroom 1, Bathroom 28, Bedroom 58, Bedroom 64, Bedroom 26, Bedroom 21, Bathroom 34, Bathroom 26, Bedroom 9, Bedroom 22, Bedroom 74, Bedroom 19, Bedroom 18, Bedroom 35, Bathroom 7, Bathroom 17, Bathroom 22, Bathroom 29, Bedroom 63, Bathroom 3, Bedroom 15, Bedroom 13, Bedroom 52, Bedroom 49, Bedroom 69, Bathroom 4, Bedroom 12, Bedroom 25, Bathroom 19, Bathroom 16, Bedroom 48, Bedroom 7, Bedroom 72, Bedroom 39, Bathroom 30, Bedroom 40, Bedroom 44, Bedroom 51, Bedroom 17, Bedroom 32, Bedroom 37, Bathroom 32, Bedroom 2, Bedroom 56, Bedroom 60, Bathroom 11, Bedroom 31, Bathroom 25, Bathroom 37
Parking
40
Window features
Blinds
Patio and Porch features
Porch
Interior features
Disposal, Range/Oven: Free Stdng., Dishwasher: Built-In
Exterior features
Double Pane Windows, Out Buildings, Porch: Open
Lot features
Corner Lot, Curb & Gutter, Road: Paved, Secluded, Sidewalks, Sprinkler: Auto- Full, View: Mountain
Elementary school
Mountain View
Middle school
Box Elder
High school
Box Elder
Elementary school district
Box Elder
Middle school district
Box Elder
High school district
Box Elder
Subdivision
Brigham City; Perry; Mantua
Standard status
Active
APN
031400048
Size
48,384 SF
Lot size
2.00 Acres
Taxes and HOA fees
Tax Annual Amount
32647
Utilities
Sewer type
Public Sewer
Heating system
Forced Air, Natural Gas, Central
Building Details
Year built
1944
Number of units
38
Flooring type
Linoleum, Carpet, Tile
Building materials
Brick
Roof type
Asphalt
Listing Agency:
Besst Realty Group LLC
(801) 782-4575
Listed By:
Rebecca Cammack
(801) 718-6878
Added: Aug 13
Last Checked: Aug 13 at 8:06PM
MLS# 2178515
Copyright © 2026 UtahRealEstate.com. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This multifamily property occupies approximately 2 acres and includes 48,384 square feet across 7 buildings, along with a 2,280-square-foot manufactured home. The property offers a dedicated laundry facility, management office, and 20 separately rented storage sheds. Nearly every residential unit has been updated, with many receiving newer appliances. Exterior improvements include newer windows and doors throughout, while the roofs were replaced within the past 10 years.
Residents have access to green space, on-site parking, a playground, and a gazebo. The brick buildings include a mix of carpet, linoleum, and tile flooring, with central forced-air natural gas heating and public sewer service. The property is zoned Multi-Family and operates with HUD assistance, including income-restricted and market-rate housing.
Residents have access to green space, on-site parking, a playground, and a gazebo. The brick buildings include a mix of carpet, linoleum, and tile flooring, with central forced-air natural gas heating and public sewer service. The property is zoned Multi-Family and operates with HUD assistance, including income-restricted and market-rate housing.
Key Highlights
- Approximately 2 acres with 48,384 square feet of multifamily improvements
- 20 separately rented storage sheds provide an additional property component
- Includes a 2,280‑square‑foot manufactured home with 4 bedrooms
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$439,848
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.11%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$8,796,960
$8.8M
Cap Rate 7%
$6,283,543
$6.3M
Cap Rate 9%
$4,887,200
$4.9M
Market Conditions
NOI Build-Up for 48,384 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$853.5K $17.64/SF
− Vacancy
−$53.8K −$1.11/SF
EGI
$799.7K $16.53/SF
− OpEx
−$359.9K −$7.44/SF
NOI
$439.8K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$8,796,960
Cap Rate 7%
$6,283,543
Cap Rate 9%
$4,887,200
Alternative Uses
Best Use
Apartment 5plus
$6.28M
$5.50M – $7.33M
NOI $439,848 @ 7.0% cap · market cap 6.11%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$12.56M
$10.99M – $14.66M
NOI $879,538 @ 7.0% cap · market cap 12.22%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
418
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
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Apartment building - Multifamily community with residential units, separately rented storage, shared amenities, and on-site management facilities.
Where is this apartment building located?
The property is located at 679 S 200 E Brigham City, UT.
What is the asking price?
The asking price for this property is $7,200,000.
What are key features of this property?
This property features: Approximately 2 acres with 48,384 square feet of multifamily improvements; 20 separately rented storage sheds provide an additional property component; Includes a 2,280‑square‑foot manufactured home with 4 bedrooms
