Updated Duplex with Original
New
For Sale
$500,000
2737 S HARRISON, Ogden, UT 84403
Residential, Ogden, UT
Property Size2,520 SF
Lot Size0.16 Acres
Price / SF$198.41
Days on Market3
Property Features for 2737 S HARRISON
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
Multi-Family
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 4, Bedroom 1, Bedroom 2, Bedroom 3, Bathroom 2, Bathroom 1
Parking
6
Parking features
Open
Elementary school
Wasatch
Middle school
Mount Ogden
High school
Ogden
Elementary school district
Ogden
Middle school district
Ogden
High school district
Ogden
Subdivision
Ogdn; W Hvn; Ter; Rvrdl
Standard status
Active
APN
02-015-0022
Size
2,520 SF
Lot size
0.16 Acres
Taxes and HOA fees
Tax Annual Amount
2631
Utilities
Heating system
Forced Air
Building Details
Year built
1933
Number of units
2
Flooring type
Linoleum, Hardwood, Carpet
Building materials
Brick
Architectural style
Other
Listing Agency:
KW Success Keller Williams Realty
(801) 866-1934
Listed By:
Travis Larsen
(801) 452-1494
Added: Sep 1
Changed: Sep 3
Last Checked: Sep 3 at 10:06AM
MLS# 2182798
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 1933 brick duplex contains 2,520 square feet on a 0.16-acre lot, combining original architectural details with targeted updates. Hardwood, linoleum, and carpet flooring are present, while the property includes updated kitchens, newer mechanicals, updated plumbing, HVAC, and forced-air heating. Open parking is also provided.
The property is located in Ogden, Utah, and is zoned Multi-Family. Its layout includes four bedrooms and two bathrooms, supporting the duplex configuration and residential income use. The building’s established construction and mix of original and updated features provide a clearly defined physical profile for prospective owners.
The property is located in Ogden, Utah, and is zoned Multi-Family. Its layout includes four bedrooms and two bathrooms, supporting the duplex configuration and residential income use. The building’s established construction and mix of original and updated features provide a clearly defined physical profile for prospective owners.
Key Highlights
- Duplex with 2,520 square feet on a 0.16‑acre lot
- 1933 construction with brick exterior
- Updated kitchens, plumbing, mechanicals, and HVAC
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
$24,904
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
4.98%
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%
$498,080
$498.1K
Cap Rate 7%
$355,771
$355.8K
Cap Rate 9%
$276,711
$276.7K
Market Conditions
NOI Build-Up for 2,520 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
$39.3K $15.60/SF
− Vacancy
−$3.7K −$1.48/SF
EGI
$35.6K $14.12/SF
− OpEx
−$10.7K −$4.24/SF
NOI
$24.9K $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%
$498,080
Cap Rate 7%
$355,771
Cap Rate 9%
$276,711
Alternative Uses
Best Use
Multifamily LT 5
$355.8K
$311.3K – $415.1K
NOI $24,904 @ 7.0% cap · market cap 4.98%
Second Best
Apartment 5plus
$310.1K
$271.3K – $361.8K
NOI $21,705 @ 7.0% cap · market cap 4.34%
Theoretical Best
Office A
$581.2K
$508.6K – $678.1K
NOI $40,685 @ 7.0% cap · market cap 8.14%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
502
Businesses Nearby
Explore this area
Business Placement
Demographics for 84403, UT
37,847
Population
14,587
Households
2.6
Avg Household Size
33
Median Age
34%
College-Educated
93%
High-School Grad
34.0 sq mi
ZIP Area
1,113
Density / Sq Mi
$84,589
Median Household Income
$41,227
Median Earnings
$1,172
Median Rent
$392,700
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 - Brick duplex with two units, updated kitchens, newer mechanical systems, and Multi-Family zoning.
Where is this duplex located?
The property is located at 2737 S HARRISON Ogden, UT.
What is the asking price?
The asking price for this property is $500,000.
What are key features of this property?
This property features: Duplex with 2,520 square feet on a 0.16‑acre lot; 1933 construction with brick exterior; Updated kitchens, plumbing, mechanicals, and HVAC
