Brick Duplex with Annual
For Sale
$525,000
168 E SOUTHWELL St, Ogden, UT 84404
Residential, Ogden, UT
Property Size2,538 SF
Lot Size0.26 Acres
Price / SF$206.86
Days on Market39
Property Features for 168 E SOUTHWELL St
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
Multi-Family
Bedrooms
6
Bathrooms
3
Full bathrooms
3
Rooms
Bathroom 3, Bedroom 6, Bedroom 3, Bathroom 1, Bathroom 2, Bedroom 5, Bedroom 2, Bedroom 1, Bedroom 4
Parking
2
Window features
Blinds
Lot features
Curb & Gutter, Fenced: Part, Road: Paved, Sidewalks, Sprinkler: Auto- Full, View: Valley
View
Valley
Elementary school
Heritage
Middle school
Highland
High school
Ben Lomond
Elementary school district
Ogden
Middle school district
Ogden
High school district
Ogden
Subdivision
Ogdn; FarrW; Hrsvl; Pln Cty.
Standard status
Active
APN
12-154-0001
Size
2,538 SF
Lot size
0.26 Acres
Taxes and HOA fees
Tax Annual Amount
3408
Utilities
Heating system
Natural Gas, Forced Air, Central
Building Details
Year built
2001
Number of units
2
Flooring type
Linoleum, Carpet
Building materials
Brick
Architectural style
Other
Listing Agency:
Welch Randall Real Estate Services
(801) 399-5883
Listed By:
Bradley S. Randall
(801) 318-6305
Added: Aug 19
Changed: Sep 13
Last Checked: Sep 26 at 8:06AM
MLS# 2179648
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 2,538-square-foot duplex at 168 E SOUTHWELL St includes two residential units and was built in 2001. Brick construction, carpet and linoleum flooring, and natural-gas central forced-air heating serve the property. The interior room data identifies six bedrooms and three bathrooms across the building.
The property is zoned Multi-Family and occupies 0.26 acres in Ogden, Utah. Both units are under professional third-party management, with annual leases currently in place. This duplex is also being offered as part of a larger sale involving four separately listed duplexes, with the option for the properties to be conveyed under one REPC.
The property is zoned Multi-Family and occupies 0.26 acres in Ogden, Utah. Both units are under professional third-party management, with annual leases currently in place. This duplex is also being offered as part of a larger sale involving four separately listed duplexes, with the option for the properties to be conveyed under one REPC.
Key Highlights
- 2,538 square feet on 0.26 acres
- Duplex with two residential units
- Built in 2001 with brick construction
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
$25,082
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
4.78%
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%
$501,640
$501.6K
Cap Rate 7%
$358,314
$358.3K
Cap Rate 9%
$278,689
$278.7K
Market Conditions
NOI Build-Up for 2,538 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
$39.6K $15.60/SF
− Vacancy
−$3.8K −$1.48/SF
EGI
$35.8K $14.12/SF
− OpEx
−$10.7K −$4.24/SF
NOI
$25.1K $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%
$501,640
Cap Rate 7%
$358,314
Cap Rate 9%
$278,689
Alternative Uses
Best Use
Multifamily LT 5
$358.3K
$313.5K – $418.0K
NOI $25,082 @ 7.0% cap · market cap 4.78%
Second Best
Apartment 5plus
$312.3K
$273.3K – $364.3K
NOI $21,860 @ 7.0% cap · market cap 4.16%
Theoretical Best
Office A
$585.4K
$512.2K – $682.9K
NOI $40,976 @ 7.0% cap · market cap 7.80%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
495
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Professionally managed two-unit property under annual leases in Ogden.
Where is this duplex located?
The property is located at 168 E SOUTHWELL St Ogden, UT.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: 2,538 square feet on 0.26 acres; Duplex with two residential units; Built in 2001 with brick construction
