Duplex With Two-Car
For Sale
$500,000
544 PINE CONE Way, Ogden, UT 84404
Residential, Ogden, UT
Property Size2,084 SF
Lot Size0.24 Acres
Price / SF$239.92
Days on Market10
Property Features for 544 PINE CONE Way
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
Multi-Family
Bedrooms
4
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 4, Bedroom 2, Bedroom 4, Bathroom 2, Bedroom 3, Bathroom 3, Bathroom 1, Bedroom 1
Parking
4
Patio and Porch features
Patio
Exterior features
Patio: Open
Lot features
View: Mountain
Elementary school
Heritage
Middle school
Highland
High school
Ben Lomond
Elementary school district
Ogden
Middle school district
Ogden
High school district
Ogden
Subdivision
Ogdn; FarrW; Hrsvl; Pln Cty.
Standard status
Active
APN
12-157-0006
Size
2,084 SF
Lot size
0.24 Acres
Taxes and HOA fees
Tax Annual Amount
3369
Utilities
Heating system
Forced Air
Building Details
Year built
2000
Number of units
2
Flooring type
Carpet, Laminate
Building materials
Aluminum
Roof type
Asphalt
Architectural style
Other
Listing Agency:
KW Success Keller Williams Realty
(801) 866-1934
Listed By:
Rhonda Berdinner · License #8415825
(801) 821-9401
Added: Aug 17
Changed: Aug 22
Last Checked: Aug 26 at 11:06PM
MLS# 2179361
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 duplex contains 2,084 square feet on a 0.24-acre lot and includes 2 bedrooms, 1.5 bathrooms, and a 2-car garage. The property was built in 2000 and features aluminum exterior construction, an asphalt roof, laminate and carpet flooring, forced-air heating, and an open patio. Multi-Family zoning supports the property's residential configuration.
The property is positioned near shopping, dining, schools, and major roadways, providing access to everyday services and commuting routes. Its duplex format also accommodates either owner occupancy with rental use or continued operation as a residential income property, as supported by the existing layout.
The property is positioned near shopping, dining, schools, and major roadways, providing access to everyday services and commuting routes. Its duplex format also accommodates either owner occupancy with rental use or continued operation as a residential income property, as supported by the existing layout.
Key Highlights
- Duplex with 2 bedrooms, 1.5 bathrooms, and a 2‑car garage
- 2,084 square feet on a 0.24‑acre lot
- Multi‑Family zoning
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
$20,595
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
4.12%
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%
$411,900
$411.9K
Cap Rate 7%
$294,214
$294.2K
Cap Rate 9%
$228,833
$228.8K
Market Conditions
NOI Build-Up for 2,084 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
$32.5K $15.60/SF
− Vacancy
−$3.1K −$1.48/SF
EGI
$29.4K $14.12/SF
− OpEx
−$8.8K −$4.24/SF
NOI
$20.6K $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%
$411,900
Cap Rate 7%
$294,214
Cap Rate 9%
$228,833
Alternative Uses
Best Use
Multifamily LT 5
$294.2K
$257.4K – $343.3K
NOI $20,595 @ 7.0% cap · market cap 4.12%
Second Best
Apartment 5plus
$256.4K
$224.4K – $299.2K
NOI $17,949 @ 7.0% cap · market cap 3.59%
Theoretical Best
Office A
$480.7K
$420.6K – $560.8K
NOI $33,646 @ 7.0% cap · market cap 6.73%
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
266
Businesses Nearby
Explore this area
Business Placement
Demographics for 84404, UT
66,382
Population
23,907
Households
2.8
Avg Household Size
32
Median Age
22%
College-Educated
89%
High-School Grad
96.3 sq mi
ZIP Area
689
Density / Sq Mi
$81,917
Median Household Income
$42,844
Median Earnings
$1,304
Median Rent
$352,700
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 - A two-unit residential property with garage space, an open patio, and multi-family zoning.
Where is this duplex located?
The property is located at 544 PINE CONE Way 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 bedrooms, 1.5 bathrooms, and a 2‑car garage; 2,084 square feet on a 0.24‑acre lot; Multi‑Family zoning
