Updated Duplex with Off-Street
For Sale
$415,000
2122 MONROE Blvd, Ogden, UT 84401
Residential, Ogden, UT
Property Size2,240 SF
Lot Size0.15 Acres
Price / SF$185.27
Days on Market87
Property Features for 2122 MONROE Blvd
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
Multi-Family
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 3, Bathroom 1, Bathroom 2, Bedroom 4, Bedroom 2, Bedroom 1
Parking
4
Parking features
Covered
Window features
Blinds
Patio and Porch features
Porch
Interior features
Disposal, Oven: Wall, Range/Oven: Built-In
Exterior features
Basement Entrance, Porch: Open
Subdivision
PLAT B OGDEN CITY SU
Lot features
Curb & Gutter, Fenced: Part, Road: Paved, Sidewalks, Sprinkler: Auto- Full, View: Mountain
Elementary school
New Bridge
Middle school
Mound Fort
High school
Ogden
Elementary school district
Ogden
Middle school district
Ogden
High school district
Ogden
Standard status
Active
APN
01-064-0030
Size
2,240 SF
Lot size
0.15 Acres
Taxes and HOA fees
Tax Annual Amount
2482
Utilities
Heating system
Central, Natural Gas, Forced Air
Amenities
central A/C
off-street parking
automatic sprinklers
Building Details
Year built
1926
Number of units
2
Flooring type
Carpet, Laminate
Building materials
Brick
Roof type
Asphalt
Architectural style
Other
Listing Agency:
Equity Real Estate
(385) 399-8719
Listed By:
Jackson Kade Lucero
(801) 866-7109
Added: Jul 7
Changed: Sep 24
Last Checked: Oct 1 at 1:06AM
MLS# 2170159
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 1926 duplex at 2122 MONROE Blvd in Ogden contains 2240 square feet on a 0.15-acre lot. The two-unit property has received substantial interior and system updates, including new flooring, remodeled kitchens and bathrooms, plumbing and electrical improvements, upgraded furnaces and water heaters, and central A/C units approximately four years old. Brick construction, laminate and carpet flooring, an asphalt roof, and an open porch add to the physical profile.
Exterior improvements include an updated roof, newer driveway, covered off-street parking at the rear, and automatic sprinklers in the front yard. The property is zoned Multi-Family. One unit is scheduled to become vacant at the end of September, while the other tenant is month-to-month, providing flexibility for an owner-occupant or a new leasing arrangement. Shopping, dining, schools, parks, and major commuter routes are located nearby.
Exterior improvements include an updated roof, newer driveway, covered off-street parking at the rear, and automatic sprinklers in the front yard. The property is zoned Multi-Family. One unit is scheduled to become vacant at the end of September, while the other tenant is month-to-month, providing flexibility for an owner-occupant or a new leasing arrangement. Shopping, dining, schools, parks, and major commuter routes are located nearby.
Key Highlights
- Two‑unit duplex with 2240 square feet of building area
- 0.15‑acre lot in Ogden, UT
- Multi‑Family zoning
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
$22,137
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
5.33%
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%
$442,740
$442.7K
Cap Rate 7%
$316,243
$316.2K
Cap Rate 9%
$245,967
$246.0K
Market Conditions
NOI Build-Up for 2,240 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
$34.9K $15.60/SF
− Vacancy
−$3.3K −$1.48/SF
EGI
$31.6K $14.12/SF
− OpEx
−$9.5K −$4.24/SF
NOI
$22.1K $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%
$442,740
Cap Rate 7%
$316,243
Cap Rate 9%
$245,967
Alternative Uses
Best Use
Multifamily LT 5
$316.2K
$276.7K – $369.0K
NOI $22,137 @ 7.0% cap · market cap 5.33%
Second Best
Apartment 5plus
$275.6K
$241.2K – $321.6K
NOI $19,293 @ 7.0% cap · market cap 4.65%
Theoretical Best
Office A
$516.6K
$452.1K – $602.8K
NOI $36,165 @ 7.0% cap · market cap 8.71%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,041
Businesses Nearby
Explore this area
Business Placement
Demographics for 84401, UT
42,968
Population
18,615
Households
2.3
Avg Household Size
32
Median Age
26%
College-Educated
90%
High-School Grad
30.7 sq mi
ZIP Area
1,400
Density / Sq Mi
$77,333
Median Household Income
$41,295
Median Earnings
$1,179
Median Rent
$410,700
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 - Legally zoned multi-family property with renovated kitchens, bathrooms, and major systems.
Where is this duplex located?
The property is located at 2122 MONROE Blvd Ogden, UT.
What is the asking price?
The asking price for this property is $415,000.
What are key features of this property?
This property features: Two‑unit duplex with 2240 square feet of building area; 0.15‑acre lot in Ogden, UT; Multi‑Family zoning
