Leased Duplex with Detached
For Sale
$361,900
3327 S JEFFERSON E, Ogden, UT 84403
Residential, Ogden, UT
Property Size1,224 SF
Lot Size0.17 Acres
Price / SF$295.67
Days on Market53
Property Features for 3327 S JEFFERSON E
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
Multi-Family
Bedrooms
3
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Bedroom 3, Bedroom 2, Bathroom 2, Bedroom 1
Parking
1
Window features
Blinds
Exterior features
Walkout
Elementary school
Thomas O. Smith
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
05-093-0041
Size
1,224 SF
Lot size
0.17 Acres
Taxes and HOA fees
Tax Annual Amount
2191
Utilities
Heating system
Electric (Heating), Radiant, Natural Gas
Building Details
Year built
1948
Number of units
2
Flooring type
Carpet, Vinyl, Tile, Laminate
Architectural style
Other
Listing Agency:
Equity Real Estate
(385) 399-8719
Listed By:
David C Willis
(801) 388-5019
Added: Aug 12
Changed: Sep 17
Last Checked: Oct 3 at 11:06PM
MLS# 2178413
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 1,224-square-foot up-and-down duplex, built in 1948, contains two separate living spaces on a 0.17-acre lot. The main-level residence has 2 bedrooms and 1 bathroom, while the lower-level residence includes 1 bedroom and 1 bathroom. Both units are leased, and the property is zoned Multi-Family.
Separate gas and power meters, individual water heaters, and a detached garage support distinct unit operations. Additional off-street parking is available, and the building includes a walkout feature. Located in Ogden, Utah, the property is near the city’s historic downtown and the Wasatch Mountains, with access to skiing, hiking, biking, and other outdoor recreation noted in the surrounding area.
Separate gas and power meters, individual water heaters, and a detached garage support distinct unit operations. Additional off-street parking is available, and the building includes a walkout feature. Located in Ogden, Utah, the property is near the city’s historic downtown and the Wasatch Mountains, with access to skiing, hiking, biking, and other outdoor recreation noted in the surrounding area.
Key Highlights
- Two‑unit duplex with 3 bedrooms and 2 bathrooms total
- Main‑level unit includes 2 bedrooms and 1 bathroom
- Lower‑level unit includes 1 bedroom and 1 bathroom
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
$12,096
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
3.34%
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%
$241,920
$241.9K
Cap Rate 7%
$172,800
$172.8K
Cap Rate 9%
$134,400
$134.4K
Market Conditions
NOI Build-Up for 1,224 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
$19.1K $15.60/SF
− Vacancy
−$1.8K −$1.48/SF
EGI
$17.3K $14.12/SF
− OpEx
−$5.2K −$4.24/SF
NOI
$12.1K $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%
$241,920
Cap Rate 7%
$172,800
Cap Rate 9%
$134,400
Alternative Uses
Best Use
Multifamily LT 5
$172.8K
$151.2K – $201.6K
NOI $12,096 @ 7.0% cap · market cap 3.34%
Second Best
Apartment 5plus
$150.6K
$131.8K – $175.7K
NOI $10,542 @ 7.0% cap · market cap 2.91%
Theoretical Best
Office A
$282.3K
$247.0K – $329.4K
NOI $19,761 @ 7.0% cap · market cap 5.46%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
100%
Occupancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
730
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Duplex - Two separate units offer a three-bedroom, two-bathroom configuration with individual utility systems and off-street parking.
Where is this duplex located?
The property is located at 3327 S JEFFERSON E Ogden, UT.
What is the asking price?
The asking price for this property is $361,900.
What are key features of this property?
This property features: Two‑unit duplex with 3 bedrooms and 2 bathrooms total; Main‑level unit includes 2 bedrooms and 1 bathroom; Lower‑level unit includes 1 bedroom and 1 bathroom
