Tenant-Occupied
For Sale
$469,900
1045 S 1200 W, Ogden, UT 84404
Residential, Ogden, UT
Property Size2,246 SF
Lot Size0.03 Acres
Price / SF$209.22
Days on Market165
Property Features for 1045 S 1200 W
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
Multi-Family
Zoning description
R-3
Bedrooms
6
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 5, Bedroom 6, Bathroom 2, Bedroom 2, Bathroom 1, Bedroom 3, Bedroom 1, Bathroom 3, Bathroom 4, Bedroom 4
Parking
2
Window features
Blinds
Patio and Porch features
Patio
Interior features
Closet: Walk-In, Disposal, Range/Oven: Free Stdng., Dishwasher: Built-In
Exterior features
Balcony, Double Pane Windows, Patio: Open
Subdivision
TOWNHOUSE ESTATES
Lot features
Curb & Gutter, Road: Paved, Sidewalks, Sprinkler: Manual- Full, View: Mountain
Elementary school
West Weber
Middle school
Wahlquist
High school
Fremont
Elementary school district
Weber
Middle school district
Weber
High school district
Weber
Standard status
Active
APN
15-407-0010
Size
2,246 SF
Lot size
0.03 Acres
Taxes and HOA fees
Tax Annual Amount
2415
HOA Fee
$170 Monthly
Utilities
Heating system
Natural Gas, Central
Amenities
crawl space storage
Building Details
Year built
2007
Floors in Building
3
Number of units
2
Flooring type
Carpet, Tile
Building materials
Aluminum, Brick
Roof type
Asphalt
Architectural style
Other
Listing Agency:
EXP Realty, LLC
(801) 499-6087
Listed By:
Sharida Tucker
(801) 643-6218
Added: Mar 18
Changed: Aug 20
Last Checked: Aug 29 at 10:06AM
MLS# 2144209
Copyright © 2026 UtahRealEstate.com. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 2,246-square-foot duplex was built in 2007 and includes both units, identified as 53 and 54. The room inventory includes six bedrooms and four bathrooms overall. Interior features include walk-in closets, freestanding ranges or ovens, built-in dishwashers, disposals, carpet, and tile. Each unit also benefits from exterior features that include balconies, open patios, and double-pane windows. Crawl-space storage provides additional space.
The property sits across from the IRS building and is described as minutes from I-15, providing a defined access point within the surrounding area. Both units are tenant-occupied, with leases extending through 10/31/2026. The HOA handles exterior maintenance, while the property is zoned Multi-Family. A tenant-occupied status applies; do not disturb occupants.
The property sits across from the IRS building and is described as minutes from I-15, providing a defined access point within the surrounding area. Both units are tenant-occupied, with leases extending through 10/31/2026. The HOA handles exterior maintenance, while the property is zoned Multi-Family. A tenant-occupied status applies; do not disturb occupants.
Key Highlights
- Both units, 53 and 54, are included in the sale
- 2,246 square feet on a 0.03‑acre lot
- Leases in place through 10/31/2026
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$22,196
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.72%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$443,920
$443.9K
Cap Rate 7%
$317,086
$317.1K
Cap Rate 9%
$246,622
$246.6K
Market Conditions
NOI Build-Up for 2,246 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$35.0K $15.60/SF
− Vacancy
−$3.3K −$1.48/SF
EGI
$31.7K $14.12/SF
− OpEx
−$9.5K −$4.24/SF
NOI
$22.2K $9.88/SF
Area
Weber County, UT
Vacancy
9.50%
Lease Rate
$15.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$443,920
Cap Rate 7%
$317,086
Cap Rate 9%
$246,622
Alternative Uses
Best Use
Multifamily LT 5
$317.1K
$277.5K – $369.9K
NOI $22,196 @ 7.0% cap · market cap 4.72%
Second Best
Apartment 5plus
$276.4K
$241.8K – $322.4K
NOI $19,345 @ 7.0% cap · market cap 4.12%
Theoretical Best
Office A
$518.0K
$453.3K – $604.4K
NOI $36,262 @ 7.0% cap · market cap 7.72%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
184
Businesses Nearby
Explore this area
Business Placement
Demographics for 84404, UT
66,382
Population
23,907
Households
2.8
Avg Household Size
32
Median Age
22%
College-Educated
89%
High-School Grad
96.3 sq mi
ZIP Area
689
Density / Sq Mi
$81,917
Median Household Income
$42,844
Median Earnings
$1,304
Median Rent
$352,700
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Two-unit property with leases in place through October 2026 and HOA-managed exterior maintenance.
Where is this duplex located?
The property is located at 1045 S 1200 W Ogden, UT.
What is the asking price?
The asking price for this property is $469,900.
What are key features of this property?
This property features: Both units, 53 and 54, are included in the sale; 2,246 square feet on a 0.03‑acre lot; Leases in place through 10/31/2026
