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Multifamily

Knox on 12th

1258 Grant Ave, Ogden, UT 84404

Listing Price: $15,000,000

Cap Rate
4.13%
GRM
18.25
Occupancy
95.0%

Investment Overview

Marcus & Millichap is pleased to present Knox on 12th Apartments, a rare opportunity to acquire a 2020-built, institutional-quality asset in one of Ogden’s most active growth corridors. The property offers immediate financial upside through the assumption of a 3.49% fixed-rate loan - well below today’s market rates—paired with high-end finishes and minimal deferred maintenance. Positioned adjacent to newly developed retail and commercial projects, Knox on 12th stands to benefit from continued momentum in the submarket. Ogden’s recent recognition as a top performing metro reflects strong economic fundamentals, robust job creation, and significant public and private investment - highlighted by over $1 billion in aerospace expansion and $100 million in community and recreation improvements.

Investment Highlights

  • Below-Market Assumable Loan: 3.49% interest on $8.96M balance, offering strong cash flow and leverage.
  • Modern Construction: Built in 2020 with high-end finishes and minimal near-term CapEx.
  • Prime Growth Location: Adjacent to new retail in a rapidly developing Ogden corridor.

Exclusively Listed By

  • Jacob J. Miles

    Senior Director Investments

    (801) 736-2654

    Email Jacob

    License(s): UT: 11449836-SA00, ID: SP53647

    Salt Lake City

  • Brock Zylstra

    Senior Managing Director Investments

    (801) 736-2642

    Email Brock

    License(s): UT: 8726586-SA00, ID: SP47190

    Salt Lake City

  • Daniel Shin

    Senior Managing Director Investments

    (801) 736-2628

    Email Daniel

    License(s): UT: 6298928-SA00, ID: SP38035

    Salt Lake City

Multifamily

Knox on 12th

Listing Price: $15,000,000

Cap Rate
4.13%
GRM
18.25
Occupancy
95.0%

Investment Highlights

  • Below-Market Assumable Loan: 3.49% interest on $8.96M balance, offering strong cash flow and leverage.
  • Modern Construction: Built in 2020 with high-end finishes and minimal near-term CapEx.
  • Prime Growth Location: Adjacent to new retail in a rapidly developing Ogden corridor.

Investment Overview

Marcus & Millichap is pleased to present Knox on 12th Apartments, a rare opportunity to acquire a 2020-built, institutional-quality asset in one of Ogden’s most active growth corridors. The property offers immediate financial upside through the assumption of a 3.49% fixed-rate loan - well below today’s market rates—paired with high-end finishes and minimal deferred maintenance. Positioned adjacent to newly developed retail and commercial projects, Knox on 12th stands to benefit from continued momentum in the submarket. Ogden’s recent recognition as a top performing metro reflects strong economic fundamentals, robust job creation, and significant public and private investment - highlighted by over $1 billion in aerospace expansion and $100 million in community and recreation improvements.

Exclusively Listed By

  • Jacob J. Miles

    Senior Director Investments

    (801) 736-2654

    Email Jacob

    License(s): UT: 11449836-SA00, ID: SP53647

    Salt Lake City

  • Brock Zylstra

    Senior Managing Director Investments

    (801) 736-2642

    Email Brock

    License(s): UT: 8726586-SA00, ID: SP47190

    Salt Lake City

  • Daniel Shin

    Senior Managing Director Investments

    (801) 736-2628

    Email Daniel

    License(s): UT: 6298928-SA00, ID: SP38035

    Salt Lake City

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