Updated Duplex with Covered
For Sale
$460,000
705 OGDEN Ave, Ogden, UT 84404
Residential, Ogden, UT
Property Size1,755 SF
Lot Size0.18 Acres
Price / SF$262.11
Days on Market64
Property Features for 705 OGDEN Ave
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
Single-Family
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 2, Bedroom 4, Bathroom 2, Bedroom 3, Bathroom 1, Bedroom 1
Parking
4
Parking features
Covered
Patio and Porch features
Patio
Interior features
Kitchen: Updated, Range: Gas, Granite Countertops
Exterior features
Patio: Open
Lot features
Corner Lot, Sidewalks, Sprinkler: Manual- Full
Elementary school
Bonneville
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
12-085-0027
Size
1,755 SF
Lot size
0.18 Acres
Taxes and HOA fees
Tax Annual Amount
2575
Utilities
Heating system
Central, Natural Gas
Building Details
Year built
1969
Number of units
2
Flooring type
Laminate
Building materials
Brick
Roof type
Aluminum
Architectural style
Other
Listing Agency:
Signature Group Real Estate · Realty ONE Group
(801) 208-3800
Listed By:
Yesenia Gonzalez
(385) 261-6211
Added: Jun 25
Changed: Aug 22
Last Checked: Aug 27 at 10:06AM
MLS# 2168024
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Investment Insights
Based on property information with market context.
This two-unit duplex offers 1,755 square feet across a configuration with four bedrooms and two bathrooms. Interior improvements include updated kitchens, granite countertops, gas ranges, laminate flooring, and central natural-gas heating. The building was constructed in 1969 and features brick construction, an aluminum roof, covered parking, and an open patio. The property is zoned Single-Family and occupies 0.18 acres.
The Ogden location provides access to historic downtown, restaurants, shopping, outdoor recreation, Weber State University, and I-15. The address is in Ogden, Utah, within Weber County.
The Ogden location provides access to historic downtown, restaurants, shopping, outdoor recreation, Weber State University, and I-15. The address is in Ogden, Utah, within Weber County.
Key Highlights
- Duplex with 1,755 square feet, four bedrooms, and two bathrooms
- Updated kitchens with granite countertops and gas ranges
- Central natural‑gas heating and laminate flooring
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
$17,344
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
3.77%
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%
$346,880
$346.9K
Cap Rate 7%
$247,771
$247.8K
Cap Rate 9%
$192,711
$192.7K
Market Conditions
NOI Build-Up for 1,755 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
$27.4K $15.60/SF
− Vacancy
−$2.6K −$1.48/SF
EGI
$24.8K $14.12/SF
− OpEx
−$7.4K −$4.24/SF
NOI
$17.3K $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%
$346,880
Cap Rate 7%
$247,771
Cap Rate 9%
$192,711
Alternative Uses
Best Use
Multifamily LT 5
$247.8K
$216.8K – $289.1K
NOI $17,344 @ 7.0% cap · market cap 3.77%
Second Best
Apartment 5plus
$215.9K
$189.0K – $251.9K
NOI $15,116 @ 7.0% cap · market cap 3.29%
Theoretical Best
Office A
$404.8K
$354.2K – $472.2K
NOI $28,334 @ 7.0% cap · market cap 6.16%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
657
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 - Two-unit property with renovated interiors, updated kitchens, and an open patio in a residential setting.
Where is this duplex located?
The property is located at 705 OGDEN Ave Ogden, UT.
What is the asking price?
The asking price for this property is $460,000.
What are key features of this property?
This property features: Duplex with 1,755 square feet, four bedrooms, and two bathrooms; Updated kitchens with granite countertops and gas ranges; Central natural‑gas heating and laminate flooring
