Ivy Apartment Homes 1775 W 4800 S 64 Unit Apartment Building For Sale Roy, UT 84067

INVESTMENT HIGHLIGHTS

  • Value-add Opportunity
  • Potential to Increase NOI +50%
  • Part of the Ogden-Clearfield Market — #2 Best Performing City in American (Milken Institute, 2025)

EXECUTIVE SUMMARY

Ivy Apartment Homes is a 64-unit community in the Ogden-Clearfield metro—#2 in the U.S. for economic performance (Milken Institute, 2025). The Ivy offers a rare value-add investment with 50% NOI growth potential. Built in 1973, the property features below-market rents and strong demand, presenting immediate upside through rent optimization and additional revenue streams.
Ideally located in Roy, Utah, Ivy provides easy access to I-15, FrontRunner, and Ogden Airport. More than 94,000 jobs are located within a five-mile radius, placing residents near major employers, including Hill Air Force Base, Weber State University, and Northrop Grumman. The area boasts 3.3% YoY job growth and a diverse economic base spanning aerospace, defense, healthcare, and manufacturing.
Over the past decade, Weber County’s population has grown an estimated 12.9%. As homeownership costs 1.8x more than renting, demand for quality rental housing continues to rise. As Utah continues to dominate national rankings—earning the titles of #1 Best State Overall (U.S. News & World Report, 2024), #1 Best State to Move to (ConsumerAffairs, 2025), and #3 Best State to Start a Business (WalletHub, 2025)—the Ogden-Clearfield region is positioned for sustained long-term growth.
With a booming population, a thriving job market, and significant rent growth potential, Ivy Apartment Homes is a premier investment in one of the nation's fastest-growing metros.

*Please note: There is no seller financing for this property.
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PROPERTY FACTS Under Contract

Sale Type Investment
No. Units 64
Property Type Multifamily
Property Subtype Apartment
Apartment Style Garden
Building Class C
Lot Size 1.81 AC
Building Size 47,748 SF
Average Occupancy 91%
No. Stories 2
Year Built 1973
Parking Ratio 2.68/1,000 SF
Cross Streets S 1800 W

AMENITIES

SITE AMENITIES

  • Courtyard
  • Laundry Facilities
  • Property Manager on Site
  • Walk-Up

UNIT MIX INFORMATION

DESCRIPTION NO. UNITS AVG. RENT/MO SF
1+1 32 - 662
2+1 31 - 878
3+1 1 - 975

PROPERTY TAXES

  • Listing ID: 35284760

  • Date on Market: 3/27/2025

  • Last Updated:

  • Address: 1775 W 4800 S, Roy, UT 84067