302 40TH St, South Ogden, UT 84405
MULTI_FAMILY - South Ogden, UT
- Added:
- Mar 4, 2025
- Days on Market:
- 464
- Last Refresh:
- Jun 11 at 3:06 pm
Property Features for 302 40TH St
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- Multi-Family
- Bedrooms
- 12
- Bathrooms
- 8
- Rooms
- Bathroom 6, Bedroom 6, Bedroom 3, Bathroom 8, Bathroom 1, Bedroom 10, Bedroom 2, Bathroom 5, Bedroom 7, Bedroom 4, Bedroom 8, Bedroom 5, Bedroom 11, Bedroom 12, Bathroom 2, Bathroom 3, Bathroom 7, Bathroom 4, Bedroom 9, Bedroom 1
- Parking
- 8
- Parking features
- Covered
- Standard status
- Active
- APN
- 05-138-0004
- Size
- 7,000 SF
- Lot size
- 0.16 Acres
Taxes and HOA fees
- Tax Annual Amount
- 5400
Building Details
- Year built
- 2021
- Number of units
- 4
- Building materials
- Stone, Stucco
Listing agent Austin Seegmiller (801) 499-7424
Listing office NRE 9069 S 1300 W A, west jordan, UT (801) 382-9297
Listing date Mar 4, 2025
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HighLights
- Almost brand‑new 4‑plex in Ogden, built in 2021 from a ground‑up construction project
- Construction materials include stone and stucco, with covered parking
- Interior features include quartz countertops, high‑end cabinets, and LVP flooring, plus 13 ft high ceilings
- Owner‑operated since completion in 2021
- When fully occupied, property brings in almost $7,500/month gross rent; tenants pay all utilities
- Located less than 5 minutes from Weber State University, McKay‑Dee Hospital, and heavy commercial
Overview
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $109.2k | $15.60 |
| − Vacancy | −$10.4k | −$1.48 |
| EGI | $98.8k | $14.12 |
| − OpEx | −$29.6k | −$4.24 |
| NOI | $69.2k | $9.88 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- South Ogden
- County
- Weber
- State
- Utah
- Longitude
- -111.974095
- Latitude
- 41.190752
