230 S State St - Apartments FOR SALE


Clearfield, UT 84015
$23,500,000 USD
801-441-1200
230 S State St, Clearfield, UT for Sale
$23,500,000 USD
Apartments - FOR SALE
1/15
null | 5.48% Cap Rate

230 S State St
Clearfield, UT 84015


HIGHLIGHTS

  • 3-Month Average Occupancy: 95%
  • Year 1 Cash on Cash: 7.05% Year 1 Levered

OVERVIEW

** Please visit www.ownsecondstateapts.com for additional property information and documents ** Situated in Clearfield, UT, Second State is a newly constructed community offering a variety of studio & 1-bedroom floorplans designed with modern, open layouts. Each unit features a fully equipped kitchen and an in-unit washer and dryer for residents’ convenience. This pet-friendly complex also boasts community amenities, including a fitness center and a comfortable lounge.  The location is unbeatable, with close proximity to Hill Air Force Base, convenient shopping and dining options, and access to outdoor activities like recreation at Antelope Island. Clearfield is a rapidly growing area in thriving Davis County. The Ogden-Clearfield area was recently ranked as the #2 best performing large city by Milken Institute in 2025. With a prime location that blends urban accessibility and natural beauty, Second State Apartments offers the ultimate modern lifestyle with easy access to Clearfield’s vibrant surroundings. Offering Highlights: - 3-Month Average Occupancy: 95% - Year 1 Cash on Cash: 7.05% Year 1 Levered - Unit Mix: 34 Studios & 82 1-bedrooms

FOR SALE DETAILS

PRICE

$23,500,000 USD

PRICE/SF

$261 USD /SF

# OF UNITS

116

PRICE/UNIT

$202,586

CAP RATE

5.48%

% LEASED

95%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Second State Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

5

YEAR BUILT

2023

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.98 AC

LAND SF

42,481 SF

ZONING

-

APN/PARCEL ID

15-100-0003

ASK ABOUT THIS PROPERTY

Mark JensenNorthmarqMore Info
801-441-1200

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Mark JensenNorthmarqMore Info
801-441-1200

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.