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Logan Gateway Apartments & Townhomes 415 Suncrest Ln 128 Unit Apartment Building For Sale Logan, UT 84341
INVESTMENT HIGHLIGHTS
- Excellent Location, Minutes from Dining, Shopping, and Major Employers
- 3.1% YOY Rent Growth in Logan Market
- Strong Job Market, Wage Growth, and Low Unemployment at 2.9%
- Light Value-add Component
- 2.3% Market Average Vacancy Rate
- Cache County population up ~30% since 2010
EXECUTIVE SUMMARY
Welcome to Logan Gateway Apartments & Townhomes—128 units built in twenty fifteen and twenty eighteen. The community features 84 spacious three-bed, two-bath apartments and 44 three-bedroom townhomes with attached garages.
Logan anchors northern Utah’s economy and benefits from its proximity to both the Salt Lake Metro and southern Idaho. The market is powered by Utah State University and a diversified employer base—including Space Dynamics Laboratory, iFIT, Cytiva, Thermo Fisher Scientific, Gossner Foods, Oatly, Conservice, and more. Logan’s mature and diversified economy provides a stable demand base throughout economic cycles. It ranked #1 in 2022 and #2 in 2023 among Milken’s Best-Performing Small Cities.
People are drawn to Logan because of economic opportunity and high quality of life. The population has grown ~30% since 2010, and the labor market remains tight with unemployment around 2.9%. A young, highly educated workforce with a median age of 27.4 sustains renter demand and keeps the talent pipeline for employers full.
Like many high-growth markets, housing supply is tight. Buying a home is nearly twice as expensive as renting, and home prices are up 6.7% year-over-year. Apartment occupancy averages 97%, with rents up 3.2% YoY.
At Logan Gateway, residents enjoy a clubhouse with a fireplace, business center, sparkling pool, pet park, covered parking, and more. Inside, units feature oversized floor plans, granite countertops, modern finishes, and washer-dryer hookups. The property is minutes from major shopping, dining, and recreation. Residents can also utilize Logan’s zero-fare public transit and short, valley-wide commutes that keep daily living costs and time burdens low.
Don’t miss this opportunity to invest in Logan, Utah—a market known for economic resilience, strong employment anchors, rising incomes, and lifestyle appeal. Logan Gateway offers stable, long-term fundamentals in one of the Mountain West’s best kept secrets.
Logan anchors northern Utah’s economy and benefits from its proximity to both the Salt Lake Metro and southern Idaho. The market is powered by Utah State University and a diversified employer base—including Space Dynamics Laboratory, iFIT, Cytiva, Thermo Fisher Scientific, Gossner Foods, Oatly, Conservice, and more. Logan’s mature and diversified economy provides a stable demand base throughout economic cycles. It ranked #1 in 2022 and #2 in 2023 among Milken’s Best-Performing Small Cities.
People are drawn to Logan because of economic opportunity and high quality of life. The population has grown ~30% since 2010, and the labor market remains tight with unemployment around 2.9%. A young, highly educated workforce with a median age of 27.4 sustains renter demand and keeps the talent pipeline for employers full.
Like many high-growth markets, housing supply is tight. Buying a home is nearly twice as expensive as renting, and home prices are up 6.7% year-over-year. Apartment occupancy averages 97%, with rents up 3.2% YoY.
At Logan Gateway, residents enjoy a clubhouse with a fireplace, business center, sparkling pool, pet park, covered parking, and more. Inside, units feature oversized floor plans, granite countertops, modern finishes, and washer-dryer hookups. The property is minutes from major shopping, dining, and recreation. Residents can also utilize Logan’s zero-fare public transit and short, valley-wide commutes that keep daily living costs and time burdens low.
Don’t miss this opportunity to invest in Logan, Utah—a market known for economic resilience, strong employment anchors, rising incomes, and lifestyle appeal. Logan Gateway offers stable, long-term fundamentals in one of the Mountain West’s best kept secrets.
DATA ROOM Click Here to Access
PROPERTY FACTS Under Contract
| Sale Type | Investment | Lot Size | 9.56 AC |
| No. Units | 128 | Building Size | 159,756 SF |
| Property Type | Multifamily | Average Occupancy | 98% |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Garden | Year Built | 2015 |
| Building Class | B | Parking Ratio | 1.98/1,000 SF |
| Zoning | MR-20 - The MR-20 zone is a Mixed Residential Medium zone allowing for 20 units per acre. | ||
| Sale Type | Investment |
| No. Units | 128 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | B |
| Lot Size | 9.56 AC |
| Building Size | 159,756 SF |
| Average Occupancy | 98% |
| No. Stories | 3 |
| Year Built | 2015 |
| Parking Ratio | 1.98/1,000 SF |
| Zoning | MR-20 - The MR-20 zone is a Mixed Residential Medium zone allowing for 20 units per acre. |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Balcony
- Cable Ready
- Dishwasher
- Disposal
- Microwave
- Washer/Dryer
- Washer/Dryer Hookup
- Ceiling Fans
- Kitchen
- Granite Countertops
- High Speed Internet Access
- Refrigerator
- Satellite TV
- Tub/Shower
- Views
- Walk-In Closets
- Carpet
- Island Kitchen
- Window Coverings
SITE AMENITIES
- 24 Hour Access
- Business Center
- Clubhouse
- Courtyard
- Playground
- Pool
- Property Manager on Site
- Breakfast/Coffee Concierge
- Pet Play Area
- Storage Space
- Maintenance on site
- Online Services
- Pet Washing Station
- Public Transportation
- Walk-Up
- Pickleball Court
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 3+2 | 84 | $1,585 | 1,135 |
| 3+2.5 | 44 | $1,795 | 1,464 |
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $21,032,990 | |
| Land Assessment | $2,017,620 | Total Assessment | $23,050,610 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$2,017,620
Improvements Assessment
$21,032,990
Total Assessment
$23,050,610
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Logan Gateway Apartments & Townhomes | 415 Suncrest Ln
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