Brigham Lofts Multifamily
747 S Main St Brigham City, UT 84302
747 S Main St, Brigham City, UT, 84302
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For Sale
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165-unit Class-A multifamily community in Brigham City, Utah.
Property Size198,681 SF
Price / SF$296.80
Days on Market453
Property Features for 747 S Main St
General Information
- Standard status
- Active
- Size
- 198,681 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 2025
Listing Agency
Equity Real Estate (American Fork)
Listed by
Porter Christensen · License #UT 11976924-SA00
Source
Crexi
Added: Apr 24, 2025 Checked: Jul 20 at 2:24 am
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 Equity Real Estate (American Fork)
Investment Insights
Based on property information with market context.
Brigham Lofts is a 165-unit multifamily community located in Brigham City, Utah. The property consists of a fully stabilized 93-unit Class-A multifamily asset, with an additional 72 units fully entitled and shovel-ready. The community offers spacious 1-, 2-, and 3-bedroom layouts designed for modern living. Covered parking is included with every unit, and private garage rentals are planned for Phase 2. Brigham Lofts offers a range of amenities, including a resort-style pool and spa (completion July 2025), a state-of-the-art fitness center, a high-end clubhouse, a fully equipped business center, and curated outdoor spaces. The property is positioned in Brigham City, with access to retail, dining, grocery, and services, and is walkable to historic downtown. Phase 2 includes 72 additional units, with designs mirroring the quality and style of Phase 1, as well as garages, additional green space, and enhanced layout options. Construction is launch-ready for Summer 2025.
Key Highlights
- Shovel‑ready Phase 2: 72 additional units fully entitled and ready for construction in Summer 2025.
- Fully stabilized Phase 1: 93 luxury units are complete and performing, providing immediate income.
- Irreplaceable location: Positioned in the heart of Brigham City, Utah.
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $3.50M | $17.64 |
| − Vacancy | −$220.8k | −$1.11 |
| EGI | $3.28M | $16.53 |
| − OpEx | −$1.48M | −$7.44 |
| NOI | $1.81M | $9.09 |
198,681 SF · lease $17.64/SF/yr · vacancy 6.30% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$25.80M
$22.58M – $30.10M
NOI $1,806,164 @ 7.0% cap · market cap 3.06%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$51.60M
$45.15M – $60.19M
NOI $3,611,677 @ 7.0% cap · market cap 6.12%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Apartment building - 165-unit Class-A multifamily community in Brigham City, Utah.
Where is this apartment building located?
The property is located at 747 S Main St Brigham City, UT.
What is the asking price?
The asking price for this property is Off market.
What are key features of this property?
This property features: Shovel‑ready Phase 2: 72 additional units fully entitled and ready for construction in Summer 2025.; Fully stabilized Phase 1: 93 luxury units are complete and performing, providing immediate income.; Irreplaceable location: Positioned in the heart of Brigham City, Utah.
