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.
**You will need to be a verified principal and to access the financial information for this listing via Apartment CoPilot. If you have not already created an account, please follow the instructions on the webpage linked on the OM, and our team will quickly verify the information provided.
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.
**You will need to be a verified principal and to access the financial information for this listing via Apartment CoPilot. If you have not already created an account, please follow the instructions on the webpage linked on the OM, and our team will quickly verify the information provided.
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 |
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PROPERTY TAXES
Parcel Number | 08-103-0076 | Improvements Assessment | $8,304,997 |
Land Assessment | $2,240,000 | Total Assessment | $10,544,997 |