Multifamily Property for Sale in Clearfield, UT

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: Clearfield, UT 84015

Description

Marcus & Millichap is pleased to present Mayfly Rise Townhomes, a 48-unit townhome community located in Clearfield, Utah within the growing Davis County submarket. The property features a desirable mix of spacious two- and three-bedroom townhome-style units, each with attached two-car garages, catering to long-term renter demand. Mayfly Rise presents a clear opportunity for operational upside through revenue enhancements and continued rent growth. Supported by strong Davis County demographics and sustained population growth, the asset is well positioned for durable occupancy and long-term NOI expansion. Investment Highlights: • Operational Revenue Upside: Minimal other income currently collected provides an opportunity to implement RUBs, add cable/internet packages, and introduce ancillary revenue streams to increase NOI. • Desirable Townhome Unit Mix: Townhome-style layouts featuring 31 three-bedroom units (1,770 SF) and 17 two-bedroom units (1,550 SF), all with attached two-car garages.

Market Context

This multifamily in Clearfield, UT is listed for sale. It is offered at an approximate 4.8% capitalization rate, a key benchmark for income-producing multifamily assets. It has been on the market for 68 days. Compare it against other multifamily listings for sale in Clearfield, UT — <a href="/search/sale/multifamily/utah/clearfield">view the full market</a>.

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