Renovated
For Sale
$789,000
427 E 27TH St, Ogden, UT 84401
Residential, Ogden, UT
Property Size3,562 SF
Lot Size0.18 Acres
Price / SF$221.50
Days on Market152
Property Features for 427 E 27TH St
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Zoning
Multi-Family
Bedrooms
7
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 3, Bathroom 2, Bedroom 3, Bathroom 4, Bathroom 1, Bedroom 4, Bedroom 2, Bedroom 7, Bedroom 1, Bedroom 5, Bedroom 6
Parking
8
Parking features
Covered
Window features
Drapes
Interior features
Alarm: Fire, Disposal, Kitchen: Updated, Range/Oven: Free Stdng.
Exterior features
Double Pane Windows, Secured Building
Lot features
Sprinkler: Auto- Full, View: Mountain
Elementary school
James Madison
Middle school
Mound Fort
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
01-003-0014
Size
3,562 SF
Lot size
0.18 Acres
Taxes and HOA fees
Tax Annual Amount
3917
Utilities
Utilities
Water Available
Sewer type
Public Sewer
Heating system
Forced Air, Natural Gas, Central
Amenities
on-site laundry
keypad entry
yard sprinkler system
Building Details
Year built
1950
Floors in Building
2
Number of units
4
Flooring type
Carpet, Laminate, Tile
Building materials
Aluminum
Architectural style
Other
Listing Agency:
RE/MAX Associates · RE/MAX International
(801) 475-7300
Listed By:
Brandon Bexell · License #10493215-AB00
(801) 510-4397
Added: Mar 31
Changed: Aug 21
Last Checked: Aug 29 at 3:06AM
MLS# 2148094
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 3,562-square-foot quadplex sits on 0.18 acres and contains four residential units: one one-bedroom layout and three two-bedroom layouts. The property was converted from an office complex and comprehensively renovated in 2020, including flooring, HVAC equipment, water heaters, furnaces, roofing, plumbing, electrical systems, insulation, fire sprinklers, and exterior siding. Kitchens feature granite countertops, undermount sinks, and new appliances. The secured building has keypad entry, double-pane windows, covered parking, main-level laundry, and an automatic yard sprinkler system. Built in 1950, the property has Multi-Family zoning, natural-gas forced-air heat, central air, and public sewer. Two units are rented on monthly terms and two are rented nightly. The property is within walking distance of schools, parks, and historic 25th Street shopping and nightlife.
Key Highlights
- Four‑unit configuration with one 1‑bedroom unit and three 2‑bedroom units
- Comprehensively renovated in 2020, including roof, plumbing, electrical, HVAC, and fire sprinklers
- 3,562 square feet on a 0.18‑acre lot
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
$35,202
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
4.46%
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%
$704,040
$704.0K
Cap Rate 7%
$502,886
$502.9K
Cap Rate 9%
$391,133
$391.1K
Market Conditions
NOI Build-Up for 3,562 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
$55.6K $15.60/SF
− Vacancy
−$5.3K −$1.48/SF
EGI
$50.3K $14.12/SF
− OpEx
−$15.1K −$4.24/SF
NOI
$35.2K $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%
$704,040
Cap Rate 7%
$502,886
Cap Rate 9%
$391,133
Alternative Uses
Best Use
Multifamily LT 5
$502.9K
$440.0K – $586.7K
NOI $35,202 @ 7.0% cap · market cap 4.46%
Second Best
Apartment 5plus
$438.3K
$383.5K – $511.3K
NOI $30,680 @ 7.0% cap · market cap 3.89%
Theoretical Best
Office A
$821.5K
$718.9K – $958.5K
NOI $57,508 @ 7.0% cap · market cap 7.29%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Sprinkler system
Location Intelligence
Trade Area within ½ mile
2,549
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
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?
Quadplex - Secured four-unit property with updated kitchens, covered parking, and multi-family zoning.
Where is this quadplex located?
The property is located at 427 E 27TH St Ogden, UT.
What is the asking price?
The asking price for this property is $789,000.
What are key features of this property?
This property features: Four‑unit configuration with one 1‑bedroom unit and three 2‑bedroom units; Comprehensively renovated in 2020, including roof, plumbing, electrical, HVAC, and fire sprinklers; 3,562 square feet on a 0.18‑acre lot
