Multifamily
661-667 E 600 N
661 E 600 N, Logan, UT 84321
Listing Price: $955,000
Investment Overview
Marcus & Millichap is pleased to present this exclusive five-unit multifamily offering at 661–667 E 600 N in Logan, Utah, a fully occupied, income producing asset comprised of threebuildings on two parcels, positioned in one of Cache Valley's most consistent rental areas.
The property benefits from proximity to Utah State University and Logan's expandinghealthcare and professional employment base, generating durable rental demand fromstudents, graduate researchers, and university affiliated staff. In place rents reflectmeaningful below market spread, supporting a compelling value-add thesis achievablethrough lease renewals at natural turnover.
Logan's rental market continues to be underpinned by sustained enrollment growth at USU,limited new supply at this price point, and a mortgage-to-rent affordability gap that keeps agrowing share of Cache Valley residents in rental housing.
661-667 E 600 N
Investment Highlights
- Walkable USU Location: Half a block from Utah State University, the property benefits from consistent student and university-affiliated rental demand in Logan's most active housing area.
- Stabilized Day-One Cash Flow: Fully occupied at acquisition, providing immediate income and proven occupancy performance in a high-demand rental market.
- Organic Value-Add Potential: Opportunity to create upside through natural tenant turnover and lease renewals, offering future NOI growth without major capital improvements.
Exclusively Listed By
Investment Highlights
- Walkable USU Location: Half a block from Utah State University, the property benefits from consistent student and university-affiliated rental demand in Logan's most active housing area.
- Stabilized Day-One Cash Flow: Fully occupied at acquisition, providing immediate income and proven occupancy performance in a high-demand rental market.
- Organic Value-Add Potential: Opportunity to create upside through natural tenant turnover and lease renewals, offering future NOI growth without major capital improvements.
Investment Overview
Marcus & Millichap is pleased to present this exclusive five-unit multifamily offering at 661–667 E 600 N in Logan, Utah, a fully occupied, income producing asset comprised of threebuildings on two parcels, positioned in one of Cache Valley's most consistent rental areas. The property benefits from proximity to Utah State University and Logan's expandinghealthcare and professional employment base, generating durable rental demand fromstudents, graduate researchers, and university affiliated staff. In place rents reflectmeaningful below market spread, supporting a compelling value-add thesis achievablethrough lease renewals at natural turnover. Logan's rental market continues to be underpinned by sustained enrollment growth at USU,limited new supply at this price point, and a mortgage-to-rent affordability gap that keeps agrowing share of Cache Valley residents in rental housing.
Exclusively Listed By
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