Renovated Triplex With Four Living
For Sale
$795,000
2946 OGDEN Ave, Ogden, UT 84403
Residential, Ogden, UT
Property Size4,947 SF
Lot Size0.37 Acres
Price / SF$160.70
Days on Market169
Property Features for 2946 OGDEN Ave
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Zoning
Multi-Family, Commercial
Zoning description
C3
Bedrooms
9
Bathrooms
6
Full bathrooms
6
Rooms
Bedroom 7, Bedroom 1, Bathroom 2, Bedroom 5, Bathroom 4, Bedroom 9, Den, Basement, Bathroom 3, Bedroom 4, Bathroom 5, Bedroom 2, Bedroom 3, Bedroom 6, Bathroom 1, Bathroom 6, Bedroom 8
Parking
17
Parking features
Covered
Patio and Porch features
Patio, Porch
Interior features
Bar: Wet, Basement Apartment, Closet: Walk-In, Den/Office, Kitchen: Second, Mother-in-Law Apt., Dishwasher: Built-In
Exterior features
Basement Entrance, Double Pane Windows, Patio: Covered, Porch: Open
Lot features
Corner Lot, Road: Paved, View: Mountain
Elementary school
Odyssey
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
04-027-0019
Size
4,947 SF
Lot size
0.37 Acres
Taxes and HOA fees
Tax Annual Amount
4993
Utilities
Heating system
Central, Forced Air, Natural Gas
Amenities
garage
Building Details
Year built
1942
Floors in Building
2
Number of units
4
Flooring type
Tile
Building materials
Aluminum
Roof type
Asphalt
Architectural style
Other
Additional Structures
Other
Listing Agency:
R and R Realty LLC
(801) 492-7791
Listed By:
Tyler Jackson · License #7071868
(928) 243-8414
Added: Mar 8
Changed: Aug 22
Last Checked: Aug 24 at 11:06PM
MLS# 2141837
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 legal triplex is presently arranged as four separate living spaces totaling 4,947 square feet, with a 432-square-foot garage on a 0.37-acre parcel. The primary residence spans 2,616 square feet and includes three bathrooms, multiple bedrooms, a den or office, a second kitchen, and a wet bar. The other accommodations comprise two 2-bedroom, 1-bath units and a 1-bedroom, 1-bath basement apartment.
Interior work completed within the past few years includes electrical, plumbing, flooring, paint, kitchen, bathroom, laundry, HVAC, and water-heater updates. Property features include a basement entrance, covered patio, open porch, double-pane windows, built-in dishwasher, tile flooring, and forced-air natural-gas heating. The property is zoned Multi-Family, Commercial and was built in 1942.
Interior work completed within the past few years includes electrical, plumbing, flooring, paint, kitchen, bathroom, laundry, HVAC, and water-heater updates. Property features include a basement entrance, covered patio, open porch, double-pane windows, built-in dishwasher, tile flooring, and forced-air natural-gas heating. The property is zoned Multi-Family, Commercial and was built in 1942.
Key Highlights
- 4,947 square feet of total living space on a 0.37‑acre lot
- Legal triplex configured as four separate living spaces
- 2,616‑square‑foot main‑floor residence with 3 bathrooms
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
$48,889
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
6.15%
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%
$977,780
$977.8K
Cap Rate 7%
$698,414
$698.4K
Cap Rate 9%
$543,211
$543.2K
Market Conditions
NOI Build-Up for 4,947 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
$77.2K $15.60/SF
− Vacancy
−$7.3K −$1.48/SF
EGI
$69.8K $14.12/SF
− OpEx
−$21.0K −$4.24/SF
NOI
$48.9K $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%
$977,780
Cap Rate 7%
$698,414
Cap Rate 9%
$543,211
Alternative Uses
Best Use
Multifamily LT 5
$698.4K
$611.1K – $814.8K
NOI $48,889 @ 7.0% cap · market cap 6.15%
Second Best
Apartment 5plus
$608.7K
$532.6K – $710.2K
NOI $42,609 @ 7.0% cap · market cap 5.36%
Theoretical Best
Office A
$1.14M
$998.4K – $1.33M
NOI $79,869 @ 7.0% cap · market cap 10.05%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,097
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
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Frequently Asked Questions
What type of property is this?
Triplex - Four separately configured residences offer updated interiors, multiple kitchens, and covered parking on a sizable Ogden property.
Where is this triplex located?
The property is located at 2946 OGDEN Ave Ogden, UT.
What is the asking price?
The asking price for this property is $795,000.
What are key features of this property?
This property features: 4,947 square feet of total living space on a 0.37‑acre lot; Legal triplex configured as four separate living spaces; 2,616‑square‑foot main‑floor residence with 3 bathrooms
