Two-Unit Duplex with
New
For Sale
$499,000
764 NORTH St, Ogden, UT 84404
MULTI_FAMILY - Other - Ogden, UT
Property Size2,304 SF
Lot Size0.28 Acres
Price / SF$216.58
Days on Market2
Property Features for 764 NORTH St
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
Multi-Family
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 1, Bedroom 4, Bathroom 2, Bathroom 1, Bedroom 3, Bedroom 2
Parking
4
Window features
Blinds
Patio and Porch features
Patio
Interior features
Range/Oven: Free Stdng., Dishwasher: Built-In
Exterior features
Patio: Covered
Lot features
Curb & Gutter, Fenced: Part, Sidewalks, Sprinkler: Auto- Full, View: Mountain
Elementary school
New Bridge
Middle school
Mound Fort
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
11-334-0003
Size
2,304 SF
Lot size
0.28 Acres
Taxes and HOA fees
Tax Annual Amount
3082
Utilities
Sewer type
Public Sewer
Heating system
Central, Natural Gas
Building Details
Year built
2002
Floors in Building
2
Number of units
2
Flooring type
Linoleum, Tile, Carpet
Building materials
Aluminum
Roof type
Asphalt
Architectural style
Other
Listing Agency:
Equity Real Estate (Solid)
(801) 208-5872
Listed By:
Nicole Gleave Hicks
(801) 414-3535
Added: Aug 7
Changed: Aug 8
Last Checked: Aug 8 at 11:06AM
MLS# 2177320
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Investment Insights
Based on property information with market context.
This 2,304-square-foot duplex, built in 2002, contains two 2-bedroom, 1-bathroom units. Unit B has received fresh paint, new carpet, and a new appliance package. The property also includes a covered patio, central heating, natural gas service, public sewer, and an asphalt roof. The roof, HVAC systems, and water heaters were replaced within the last five years.
One unit is vacant, creating an immediate occupancy option, while the second is occupied under a lease extending through June 2027. Zoned Multi-Family, the property sits on 0.28 acres at 764 NORTH St in Ogden. Its setting provides access to schools, shopping, dining, parks, commuter routes, and Ogden’s educational and technology corridor.
One unit is vacant, creating an immediate occupancy option, while the second is occupied under a lease extending through June 2027. Zoned Multi-Family, the property sits on 0.28 acres at 764 NORTH St in Ogden. Its setting provides access to schools, shopping, dining, parks, commuter routes, and Ogden’s educational and technology corridor.
Key Highlights
- Two 2‑bedroom, 1‑bathroom units within a duplex
- 2,304 square feet on a 0.28‑acre lot
- Unit B updated with fresh paint, new carpet, and new appliance package
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
$22,770
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
4.56%
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%
$455,400
$455.4K
Cap Rate 7%
$325,286
$325.3K
Cap Rate 9%
$253,000
$253.0K
Market Conditions
NOI Build-Up for 2,304 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
$35.9K $15.60/SF
− Vacancy
−$3.4K −$1.48/SF
EGI
$32.5K $14.12/SF
− OpEx
−$9.8K −$4.24/SF
NOI
$22.8K $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%
$455,400
Cap Rate 7%
$325,286
Cap Rate 9%
$253,000
Alternative Uses
Best Use
Multifamily LT 5
$325.3K
$284.6K – $379.5K
NOI $22,770 @ 7.0% cap · market cap 4.56%
Second Best
Apartment 5plus
$283.5K
$248.1K – $330.7K
NOI $19,844 @ 7.0% cap · market cap 3.98%
Theoretical Best
Office A
$531.4K
$465.0K – $620.0K
NOI $37,198 @ 7.0% cap · market cap 7.45%
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
152
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 - One unit is vacant, while the other is leased through June 2027 for immediate occupancy or ongoing rental income.
Where is this duplex located?
The property is located at 764 NORTH St Ogden, UT.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: Two 2‑bedroom, 1‑bathroom units within a duplex; 2,304 square feet on a 0.28‑acre lot; Unit B updated with fresh paint, new carpet, and new appliance package
