Language and Region
Currency

Email*

Please enter a valid email address.

To send this property to multiple individuals, insert a semi-colon between each recipient's email address.

Message

938 characters remaining

Hmm, there seems to have been an error sending your message. Please try again.

Your email has been sent.

Second State Apartments 230 S State St 116 Unit Apartment Building $32,804,121 CAD ($282,794 CAD/Unit) 5.48% Cap Rate Clearfield, UT 84015

.mosaic-column{display:inline-block!important;height:100%!important;width:auto!important}.mosaic-tile i{display:none!important}.mosaic-tile img{height:100%!important;width:auto!important}

INVESTMENT HIGHLIGHTS

3-Month Average Occupancy: 95%

Year 1 Cash on Cash: 7.05% Year 1 Levered

EXECUTIVE SUMMARY

** 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

OM - Second State Apartments - 230 S State St - Clearfield, UT - Northmarq - Sept. 2025

Second State_Northmarq Teaser v2

PROPERTY FACTS

Price	$32,804,121 CAD	Building Class	B
Price Per Unit	$282,794 CAD	Lot Size	0.98 AC
Sale Type	Investment	Building Size	90,000 SF
Cap Rate	5.48%	Average Occupancy	95%
No. Units	116	No. Stories	5
Property Type	Multifamily	Year Built	2023
Property Subtype	Apartment	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Apartment Style	Low-Rise

Price	$32,804,121 CAD
Price Per Unit	$282,794 CAD
Sale Type	Investment
Cap Rate	5.48%
No. Units	116
Property Type	Multifamily
Property Subtype	Apartment
Apartment Style	Low-Rise
Building Class	B
Lot Size	0.98 AC
Building Size	90,000 SF
Average Occupancy	95%
No. Stories	5
Year Built	2023
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.