801-456-9513
507 N Broadway, Farmington, UT for Sale
Apartments - FOR SALE
1/6
null | Request Cap Rate

507 N Broadway
Farmington, UT 84025


HIGHLIGHTS

  • rand New Construction (2023): High-quality materials and contemporary finishes throughout
  • Transit-Oriented Location: Steps from UTA bus stops, Frontrunner rail, and walkable to Station Park retail & entertainment
  • Diverse Unit Mix: Spacious 1, 2 & 4-bedroom layouts with open floorplans
  • Strong Demographics: Median HH income exceeds $120,000 within a 2-mile radius
  • Outdoor Lifestyle Appeal: Minutes from world-class skiing, hiking, and biking
  • Low Unemployment & Educated Workforce: Farmington’s 2.0% unemployment rate and 42.3% college-educated population

OVERVIEW

Park Place Living | Class A Multifamily Investment in Transit-Oriented Location JLL is pleased to present Park Place Living, a 30-unit newly constructed apartment community located in the heart of Farmington, Utah. Delivered in 2023, this modern Class A asset offers a turn-key investment opportunity within a high-demand, transit-oriented development (TOD). Positioned just minutes from Station Park, Frontrunner commuter rail, and I-15, the property benefits from exceptional regional connectivity and proximity to top-tier amenities. With strong in-place rents, stable occupancy, and future rent growth potential, Park Place Living presents a compelling opportunity to acquire a low-maintenance, income-generating asset in one of Northern Utah’s fastest-growing submarkets.

FOR SALE DETAILS

PRICE

Request Info for Price

# OF UNITS

30

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Park Place Living

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

2023

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.49 AC

LAND SF

21,344 SF

ZONING

-

APN/PARCEL ID

08-622-0504

ASK ABOUT THIS PROPERTY

801-456-9513

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801-456-9513

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